Replies to post #99812 on ajtj99's Market Pulse

[MetalFillBoy]

RE: E: ST technical reasons.

I think many saw the same ST technical reason you did yesterday. However, this ripple effect from the overnight China meltdown would not have shown up in any chart. Till now, it was just something many had pointed out that could affect markets sometime in the future. Just didn't know it was going to be today! :o)

Thanks for the chart links. As you know, I look at similar data based on the NDX. Yesterdays pull back was not too convincing, from a NDX volume breadth point of view. Hence my ST bullish view. A impulse day like today will throw alot of price and volume indicators out of whack.

Sorry about your down day today. And long at EOD? "Fortune favors the bold". :o)

Good luck!

[MetalFillBoy]

RE: E: NDX chart.

I don't have my AmiBroker here at work, but did want to point out where the major trendlines are on the NDX/Q's. From this point view, I wonder if tomorrow will be a better time to take a long. I have not taken a look at the other major indexs (DJIA, SnP, NASDAQ) to see if they have broken their uptrend lines or not. Other here are better at the intra market analysis.

JMHO.
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