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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: GROUND ZERO™ who wrote (51296)6/4/2013 9:56:25 PM
From: Fintas1 Recommendation

Recommended By
Steve Price

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THE OPTIMISM OH THE OPTIMISM.

Ok here's something for you and others to chew on.

The spx RSP are at 90. LOOKING to roll down.

I have pointed out the SPX BP, 30/10/ week are going to roll over and the near term has already begun.

Add to that and for the GOOD PNFERS. Those are the ones that can see a pattern long before it develops.

Forget 486 and 162 for direction at this moment.

Start looking at it with value boxes of 81/54/27/18/9 As you do look at the counts on reversal and notice where each one will head.

Then for the closer time line look at it with a 3.24 and a 4.86. 6.48.

CMON PNFERS. ..What do you see? Do you see NEW HIGHS any time SOON.

OR do you see bounces that will be range bound using the smaller boxes and have deeper numbers DOWN as one looks at the LARGER BOXES.

So for those who want to play the bounce. KUDOS. For those who want to be OBJECTIVE consider the numbers for the tech indicators/bell curve and the chart patterns using PNF.

Some will some will not. No skin off my back . Heck many will continue to ignore the data but the wise will debate and argue but NOT ignore the data I just presented. That is if there goal is to OUTPERFORM.

While here: INTC needs another apprx 6% to turn it's RSI to x's. And even then it will then have set up for the 3 box pull back to areas presented. for a while. When INTC turns and then retraces THAT will be the time to exploit calls. IMHO

Fintas..
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