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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 689.17+0.2%Dec 11 4:00 PM EST
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To: SGJ who wrote (65922)11/18/2014 12:28:20 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

   of 220069
 
Sorry it took so long. I'm busy playing the game of Dartanyon. Ya know two on one.

OL MYTH made me a bet that SPX is going to 2500 without a retrace of 200 points..

That 200 point retrace is my bet. IN fact I lowered it to 2430 because i'm a kind soul.

It's sad when folks make silly bets. I'm a bull but I've yet to say GE is going to 60 next year. Regardless of how bullish I am.. IT's a silly bet. Great investment long term but a silly bet.

But if MYTH and his friend DON W want to take that bet.. OK by me. Cept I don't quite get the name calling.. Let me see CLOWN, AMATEUR.. TROLL.. PUTZ.. etc.. HMM not for anything but when an AMATEUR can call 1174 a year before it happens and a PRO can't see under 1335.. What's that say to those with common sense and are objective. I know what it says to me. Ya might want to stop the name calling. It simply demonstates the insecurity and ya might want have an open mind.

Ok back to topic.

I use price/iyy.

I did some fast math interday and I got a 5.4. NOW keep in mind sometimes my brain plays tricks on me when I read. I say that for that's up from 4.86 last eve close and the way it's supposed to be captured is AFTER the close when one uses PNF..

You are saying 44.76 so we are not talking apples to apples.

However I can say that bull leg is coming.

I say that for off the low of 3.106.. A turn from o's to x's at 3.7.. I can see the push to first .5.1 which INTERDAY has occurred.. Yet I also see the move from 3.1 to 5.1 was a nice move and why I suggested a little retrace could happen to that 4.86/4.50.. But as you note.. UP is coming and it will be a nice leg up.


I presented 7.04 as a nice step and that supported 8.1.. Above that I said 9.2 but it's 9.6 and from the 5 ish that's antother 80%..so from where the stock sits at this moment one can do some math JNUG times .80.

However LONGER term.. IT should go even high. Somewhere there's a retarce of those o's.. Whether from the next box up or the 7's or the 9 RSI.

And that will allow some to take profit and those who missed it to come in.

Using GE as an example there were many steps up to the 28.06.. And there have been a few ups and downs in the RSI pattern. At this moment GE RSI is in o's.> BUT.. setting up for the next push up to 1.03.. a break at 1.13 and then Katy bar the door and no real resistance till 1.63. Although I don't expect it straight up.. But off a 26 and a .84 that supports 100% LONGER term or 53 ish and the question is will FA support such. Given it's foot print and changes that have been made and those yet to be made I say yes.

GIVEN the decline of JNUG and the move we are seeing I'd say.. you understand what is coming LONGER TERM. HIGHER NUMBERS.

NOw why are we SEEING dif RSI. I suspect it's in the divisor.

Hope that helps and yes as always long. but replete with color.

Fintas
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