Replies to post #23318 on ajtj99's Market Pulse

[SI_Shack]

How does that reconcile with the Dow and SPX? Shouldn't we be moving together in similar counts?

Well we are only talking wiggles here and no I don't believe everything on's the exact same cycle down to that degree.

I dunno what vehicles you're trading these days but lots of shit looks like its just gettin' going. Nice inverse H&S on GE, gapped up over the neckline.

[ajtj99]

NAMO hit 56.72, which is the highest since October 2002:

http://stockcharts.com/def/servlet/SC.web?c=$NAMO,uu[a,a]daclyyay[d20000402,20040402][pa67!d20,2!a56...

I believe we may be testing the 66 level on the NAMO, which suggests some more up next week. There's already a double top at 56-57, and we don't do triple tops here. The Oct. 2002 move took 4-days to get to 950 from 795, and then moved in a tight range for 2-weeks before moving up to a spike high over 4-days the 2nd trading day of Nov.