ajtj99's Market Pulse

[plexxus]

AJ thanks for the kind note...

I've found the bullish falling wedges such as what AMZN/IPMT on the setups list to be most reliable. Followed by the ascending triangles and inverse h/s patterns. The Cup/Handle Patterns tend to be somewhat more subjective and more whipsawed in general although the moves can be phenomenal.

I've got to think as we near our bigger picture targets of 1230 on the SP 500 and 2230ish that we are subject to some correction by mid January...from there we'll have to see how things setup. Bigger picture (on the weekly timeframe) things look very interesting here. Some great trading opportunities indeed!

Good Trading...Rob