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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 683.41

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4:00 PM EST

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From: Fintas	6/14/2013 4:55:36 PM
	Read Replies (2) of 218314

Let me tell you what didn't happen. That I thought WOULD happen. SORRY BULLS. The spx could have and should have pushed the 1648/1650/1656 and stretched to 1660.. And had a chance to stttttrrrrrreeetch to 1666. BUT.. failing to take out 1687. Even though many think it could here and now. BUT.. It DID NOT. I had the 1640 as a given.THAT HAPPENED I presented 1648 to a few as a possible. As stated NOPE. I was sitting saying OK bulls show me the money.. CMON.. put your money up. I sure do hear lots of talk as though many want to do so.. BUT NO FOLLOW THRU.. Just a wittle 1640. Then I thought HEY I'm a bull..How come I'm not putting up my money. HMM cuz I don't believe the the story that is being pushed. Not only that I don't SEE it in the numbers. WHERE was the 1648. WATCH WHAT THEY DO.. NOT WHAT THEY SAY! So let me point out what DID happen. First PNFERS..take a peek using a 4.86 and can you see the future? HOPE SO. HINT under 1600 is coming after any bounce at x and y. Well for those who are NOT good pnfers I'll provide something to help you see it. We DID roll using a .54/.72/.81/1.62/2.43. IF you understand sequences then you will understand what is occurring that will have an effect on the LARGER control box. I.e 4.86 NOW remember as you look at any default pnf chart keep in mind the SOFTWARE DID not catch that 1597.80 spx low of 6/13/2013 overseas trading. IF you did the chart by hand you will see why some got snookered thinking we were going to new highs. Mostly because they could NOT consider how far we fell. I>E 1597.80 and NOT 1609 ish. BIG DIFFERENCE. A pnfer can either plug the numbers in..imagine them or whatever to help one see on the way down WHERE they think the bounce will be...... is NOT going to happen. MEANING the pattern has a different look. Just as a chart would. Again if the data is NOT complete then ALL assumptions that lead to decisions are based incomplete data. YES there will be a bounce that will once again FAIL with a LOWER HIGH to go on to take out 1607/16021597 and head for 1595/1592.. Bounce and here comes 1575 and hello 1555. If you don't see it..OH well. It's there. Fight it or accept it. Just don't ignore it. ENJOY the weekend. Fintas

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