ajtj99's Market Pulse

[ajtj99]

FWIW, yesterday I mentioned the OEX has a target that's about 10% above the current level.

I wanted to see if the individual stocks that make up the S&P 100 really had charts and targets that could make that possible.

Well, today I went through all 100 S&P 100 stocks and looked at each chart in weekly and often daily and monthly time frames.

It's do-able. The OEX can move up another 10% with the way the individual component charts are set-up. We may correct here this week and early the following week, but the overall structure I'm seeing is very positive.

Furthermore, lots of the stocks are moving up from bullish consolidating formations, which makes it unlikely the OEX will re-trace below the recent lows, IMO.

If anyone's interested I've got a list of over 25 OEX stocks and their overhead targets based upon chart formations. I could post them if anyone shows interest.