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

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Joseph Silent who wrote (51758)	6/13/2013 11:54:17 AM
From: Fintas	Read Replies (1) of 219403

I understood what you were saying. You are good at articulating your thoughts. You expect a possible decline the 1500-1550 ish and then a rally to the 1700 ish over a few months. After that is completed if there is a bear leg you expect it to the 1000-900 ish. Actually a REASONABLE conclusion if I considered a 486 from the 1458 and voila 944. Yet What I was saying is my work doesn't support the 1000-900. I can SEE it as presented above.. But the work doesn't support it. Why? Because as we step down from not the 1687 and from the1620 I have trouble getting under 1260. Let alone 1134/1074. And IF we were to go to your numbers of 1750-1800 ish I'd have MORE difficulty supporting it with numbers I run. I can better support the near term bounces many see but I see down to the areas to 1458 or less and THEN to 1944 AND THEN a retrace of 486 or 1458 and some fluff under ..That would still keep it all in a SECULAR BULL with some retracement and not a bear. While allowing to go further out and up past the 1944/2430 which MANY are not beginning to use in their work. So as you state time will tell. We really aren't in disagreement re numbers. It's just when and how they are hit or can be hit. Fintas.

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