Replies to post #79483 on ajtj99's Market Pulse

[ajtj99]

SPX 60-minute is showing a bullish pennant that targets about 1295 SPX if it breaks up:

http://stockcharts.com/h-sc/ui?s=$SPX&p=60&b=5&g=0&id=p19733596732

I anticipate that coinciding with 1634 NDX and a re-trace back down from that area towards today's lows. We'll see.

[Burk]

Well, I don't see much inflation. I do see higher energy prices which acts as a drag on the econonmy. The danger is the Fed tightening too much, I belive, not too little.

I'm not sure how effective it is to time the market based on one's fundamental view of the economy. But, hey, that's what makes a market...