Replies to post #85468 on ajtj99's Market Pulse

[ajtj99]

Very nice chart, gizmo! That's kind of in line with what I was originally thinking earlier in the week.

For those who are looking for a reason for unfinished business to the downside, here's the BPCOMPQ:BPNDX weekly ratio chart. The full stochs 13,8,3 and 8,5,3 show a trend still going up on the ratio.

http://stockcharts.com/h-sc/ui?s=$BPCOMPQ:$BPNDX&p=W&yr=9&mn=0&dy=0&id=p26401551...

That ratio rises typically when the market tanks, as the NDX BP's get closer to single digits and the COMP gets usually in the 20's or low 30's.

That's something that is kind of stealthly bearish.