Replies to post #27007 on ajtj99's Market Pulse

[jjstingray]

I would not touch anything short until 1512 at a minimum. It looks like we should complete the 5 waves up of the 5th tomorrow or Wednesday. Plus, that will give the RSI a chance to work off the AV it has.

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

The bullish implications of this triangle break are much much higher, but we need to see how the pullback is handled first.

[jdaasoc]

SOX toast tomorrow with TXN AH selloff.

BRCM et al all with small losses AH.

Tomorrow shopuld be interesting if selloff is on above average volume. Gipper funeral closing markets on Friday going to exercerbate pre-expiry whipsaw that nromally goes on.