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Strategies & Market Trends : Point and Figure Charting
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From: Fintas4/3/2017 12:47:50 PM
1 Recommendation

Recommended By
toccodolce

   of 34823
 
I put up many charts to discuss.

I spend more time yakking with those who don't like me versus POINT AND FIGURE. NOTICE THE HEADER.

So keeping with what the header says Strategies & Market Trends: POINT AND FIGURE.

I mentioned not long ago my views re the XLF.

I've given my downside thoughts re GS/JPM/BAC/WFC. ALL will get a SAFE 20% hair cut from their recent highs and probably more.

BKX is also breaking down and once it does.. it too will experience a safe 20% down.

I presented what I expect for the sectors savings and loans, banks financial, wall street ALL will move to the 40 area. They were in the high 70's and 80's recently. Pull up the latest bell curve avg to see where they were on that date.

Here's the XLF.

Look what it's doing now?

IF I were to put up the 4.86 VB chart the downside that would show is not possible.

BUT with the smaller 2.43.. can ya see the 19.44? A VERY SAFE NUMBER TO BE HIT How about the 17.01? Can ya see the 14.58.

We shall see just how low it goes and the adverse effect on the indexes they sit.

Any are welcome to discuss. Just put up some details to support.

Fintas

17
36.45 36.45
34.02 34.02
31.59 •31.59
29.16 B•29.16
26.73 1O•26.73
24.30 2O224.30
21.87 X1B21.87
19.44 3B19.44
17.01 6A17.01
14.58 7314.58
12.15 A912.15
9.72 BX9.72
7.29 OX7.29
4.86 34.86
2.43 2.43
0.00 Top0.00
040813
060914
16
17
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