Replies to post #68370 on ajtj99's Market Pulse

[sandeeps]

With a close above today's high, there will be something like an outside key reversal on spx. Isn't that what it is called?

EDIT: MSFT is already working on something like this. Today's low lower than friday and high higher...

[chainik]

<intraday buy....with the notable exception of the Sox>

You spoiled my day (g). I am long SMH.

Reading my COT tea leaves: somewhat bearish. You are right, OEX guys may rapidly join the bearish camp, but now OEX is a "buy" (although personally I don't put much emphasis on OEX).

I still think that the bet on seasonality and oversold conditions here is reasonable.