Replies to post #73652 on ajtj99's Market Pulse

[hiker]

Burk is a very respected poster. No need to rib him.

CJ, I would say that's far from a universal opinion, but the ignore button is the most effective way to deal with that.

[ajtj99]

CJ, for people looking at the market attempting to divine the direction over the next 6-weeks or so, I think Swenlin's Decision Point chart showing the S&P breadth momentum is the best chart to look at here.

The March 2005 and current situations are quite similar. The fact that the SPX is making higher highs with such narrow breadth is a sign this ought to resolve down soon, possibly as early as next week:

http://www.decisionpoint.com/interviews/060303_iossif.html

(click on interviews, and the charts will show up underneath)