Replies to post #46790 on ajtj99's Market Pulse

[ajtj99]

plexxus, I'm kind of thinking the back-tests may occur in the end of the month. It works good time-wise, and we could reach the bottom of wave 3 down at 1130 SPX then move up to test 1162 in end of month, then drop to 1100 SPX to finish the move off the 1229 highs.

The WLSH and NYA H&S charts are the best ones I've seen on a major index in some time.

http://stockcharts.com/def/servlet/SC.web?c=$NYA,uu[r,a]waclyiay[d20010414,20050414][pc9!c13!c20!d20...

The SPX:USD relationship would support the USD climbing while the SPX is dropping. In fact, 89.50 USD works out to 1100 SPX!