Replies to post #101595 on ajtj99's Market Pulse

[Stormrider]

AI,

If I recall correctly you have a pretty darn good track record for major market moves. I appreciate the warning.

[da_cheif]

lol

[ajtj99]

A/I, since the major indices usually move together, if we get a monthly hammer candle like we have right now on the SPX, would you still feel the same way?

Maybe you're referring to the 1946 SPX Pattern that's got a 95% correlation right now.

http://mrci.com/special/wspi46.php

That has a sell-off coming pretty soon.

However, this article posted by a good buddy of yours seems to show some pretty good evidence why we should be pointed up about 3.5% above yesterday's highs 2-months from now.

http://www.marketwatch.com/News/Story/Story.aspx?guid={044DCFB1-41B2-469D-81C4-5F47257C268E}&sit...

[a/operator]

I was going to say "see you at COMP 2300" earlier today - but you already have the sell-off side covered. Lots of bullish indicators out there though. And I did cancel my short positions, because with the Fed rate stuff, people get looney. But I wouldn't be surprised to see a surprise severe drop. Meanwhile, I think I'll just play the $1 dividend in SYX.

[positiontrader]

Good Call again AI

Regards

Marc

[pooch58]

Al who deep you thinking 10-15%