Replies to post #69652 on ajtj99's Market Pulse

[market_watcher]

Well, I don't know about the G, but I am predicting the C for Tuesday.

http://www.investorshub.com/boards/read_msg.asp?message_id=9255318

Some Q retrace points are:

38.2% 42.95 (hit)
50% 43.02
61.8% 43.09

If we go higher than 43.09 Tuesday, my count might be wrong.

[plexxus]

>>>I see today as a nice "low volume" consolidation that actually sets up a "gap up" on Tuesday morning...>>>

Shoreco yep...not sure about a gap but pretty sure we put in the low on this move today. Bullish falling wedges broke out late day as I expect another test of the recent high soon. We will form some nice continuation triangles on the 60 minute charts/bull flags on the daily before taking off for higher levels including 560ish on the SOX.

Here are the 15 minute charts...note bullish divergence at our lows today.

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]ghcayiay[d7][pf][vc60][ila12,26,9][j62125780...

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]ghcayiay[d7][pf][vc60][ila12,26,9][J638388...

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[w,a]ghcayiay[d7][pf][vc60][ila12,26,9][J6686994...