Replies to post #28292 on ajtj99's Market Pulse

[n83]

i am with your second possibility more for the trading range slip sliding type of stuff that could be like what i stated here..

http://www.investorshub.com/boards/read_msg.asp?message_id=3410461

w generally declining volume (esp when looked at weekly)

[Jerry Olson]

Justa

without a doubt we are going higher...the NYSE and OPTI BP's are very near reversal back up here...signalling much higher prices ahead...

we'll get some blips down, but long is strong...

look at the daily candle chart of the DJIA it's in a pennant pattern ready to explode...

[Justa Werkenstiff]

Market: Price indicators got near sells yesterday intraday and sentiment indicators got there Wednesday. So there may be a reversal underway.

However, daily trend indicators have switched to up. Daily indicators on the averages have switched back up after having been down for just one day on spx, dow and wlsh.

Sentiment closed more bearish than bullish but not frothy or extreme. This could be a sign of a reversal underway especially since short term sentiment surveys I follow are not bullish. Price indicators came very close to a sell signal yesterday during the day but pulled back to overbought on the close.

Still short a position but not enthusiastic about adding for now as possibility exists that up has not fully played out.