Replies to post #60201 on ajtj99's Market Pulse

[ajtj99]

60-minute TRIN has some negative divergences, indicating most of the this leg of the drop is in.

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

[market_watcher]

I'd be inclined to think that if we take out this morning's low, bulls should step aside for the moment. I bought QQQQ calls at 38.65, but if we take out the lows, I'll just have to exit that position.