Replies to post #25216 on ajtj99's Market Pulse

[jjstingray]

I like this as our possible scenario. It would mean big up right off the bat on Monday. It would put us in the c of B of 4. I really hope this plays out as it would give us an excellent opportunity to short the next down. Notice the nice throwovers on the Dow and S&P wedges.

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,....

Some other items that back this scenario up.

Dow wedge.
http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10....

S&P wedge.
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,....

A just about complete ABC correction in the Biotechs.
http://stockcharts.com/def/servlet/SC.web?c=$btk,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,....

Intel wedge.
http://stockcharts.com/def/servlet/SC.web?c=intc,uu[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,....

High put call ratio.
http://stockcharts.com/def/servlet/SC.web?c=$cpc,uu[h,a]daclyyay[dc][pc10!d20,2!f][vc60][ilb14!la12,....

That is a lot of stuff on the edge of the cliff. Now if we dump on Monday, things could get very interesting.