Replies to post #26253 on ajtj99's Market Pulse

[Jerry Olson]

justa

any pullback is a screaming buy...should be soft...maybe the 20 ema's daily charts as they got bombed on the way up...

[ajtj99]

Dow 15-minute is showing a falling wedge or channel off the highs. Rising channel out of the 9850 lows is being tagged right now. The upper channel line was tagged this AM. As long as that channel holds, shorts will be painful on the Dow:

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[h,a]gaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!...

That upper channel line hits 10,325 or so early tomorrow and about 10,375 late tomorrow.

[Justa Werkenstiff]

Marekt: Sentiment closed extreme. Price signals borderline sells everywhere. Topping indicator not there yet.