Replies to post #9294 on ajtj99's Market Pulse

[sylvester80]

When the 20 SMA goes (and it could go very soon), watch out below, cause IMHO will get to the daily lower BB in a hurry...

And that could come sooner than anyone thinks. So adding shorts on any pops IMHO has a very good risk reward ratio. BTW, daily stochastics, both fast and slow have turned down and have a long way to fall. MACD also is rolling over and now pointing down and has a hell of a long way to fall. RSI has also turned and is pointing down. Target near 1305 area.

JMHO. Good luck to all

[market_watcher]

One of the daily oscillators I'm looking at is still pointed up, so I can see some immediate upside, although if the trend is down, it'll get overbought very quickly.

Regarding the volume, I'll see if I can run some numbers on Monday volume and see how today's stacked up. Maybe today was the foreigners day to sell and U.S. mutual fund managers just stepped aside?

I noticed that SI_Shack was getting somewhat skeptical of the bull case, based on the SMH. The daily BB are getting pretty tight and we closed below the 20 EMA today.