Replies to post #86032 on ajtj99's Market Pulse

[astroguy]

GRMN>>>>> is it headed for 80 or are the shorts being setup for a squeeze. Very bizzare trading on the gap and crap.

[farooq]

The chart you referred,
http://stockcharts.com/h-sc/ui?s=$spx&p=D&b=5&g=0&id=p27977164323&a=12577505&...

If we complete 1290 that is 70 points cup which will take us 140 points from 1290. Yes that is going to take some time, we will be in this range in August, September but if Fed pause or give clear indication of pause we will jump, Once political scene is clear that will clear market anxiety, Off course JMHOP, I was wrong many times and I will be in the future too. I am Just giving another view.
Farooq