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

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From: Fintas	6/3/2013 8:02:07 AM
	7 Recommendations Read Replies (2) of 221566

I presented 1620 on the way UP. It will be a pivot on the way down to 1458. The move from 1620 required a 1782 for the next larger string to be completed for the next move up from 1782 to 1944 to occur. Where the 1782 did NOT occur and will probably NOT occur here and now. Then the way I use sequences would require returning to the 1620. Which was just a 162 from what I would call a MILESTONE or a Platform and that's 1458. Because of that the probabilities of the 1458 being hit are HIGH given what is also seen in tech data as well as the steps a sequence takes. Thus I used the extremes of data to allow for me to put on covered call positions and take the put positions based on the expected failure to go to 1782. AND the EXPECTED retracement to 1458. If you understand what I just posted you will NOT be surprised to see ms spx STEP DOWN to 1458. As it steps down there will be bounces. Those who use PNF will see the macro and micro view by changing the box sizes. Fintas

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