Replies to post #113633 on ajtj99's Market Pulse

[ajtj99]

sspads, I really don't have a good feel here for AAPL at this juncture.

Lots of things look like they still need more down, but nothing seems to want it in a straight line.

Probably the best proxy I can see out there right now is the TNX. There's a very good chance it will head for 36.50, and that's a level that may lead to a stronger recovery in the major indices. The 36.50 level is only a little more than 1-point below last week's low, and it would probably coincide with a tag of 1364 SPX. We'll see.