Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: Fintas who wrote (2456)	9/10/2013 1:43:51 AM
From: Fintas	of 3209

NOW: Something to consider. SPX is setting up for a wedge. I had presented the possibility of a bounce off the spx near term momo after dropping to 8 ish to the 20ish. An up to 30-40 can happen very quickly but with little movement in the spx. That is what we are seeing. The BP PT which was at 90 and a HIGH is now at 85 and a rally takes it to? 90? The 10 week is in the 70's and goes ???? The bell curve is at 60 ish and SLIPPING. But once again the spx bp is in the 73 and its forming a wedge. So any push up completes the wedge to then? As all this happens the 18 box is still in control and above that the 54. For a 54 to be the string of the day is going to take a 1702 and even then.. it requires 3 taking out 1710/1728 and 1786 JUST to turn that 54 which would then need another 108 to get to 1944. BUT wait did I mention the PT is at 85 and it's high was 90 and the bell curve is slipping to the left and that means SELLING. So the chances of getting to 1786 are thin. The chances of a short term try for 1684 is possible but so what. Yet to answer your question of this AM. 1458 drifting away. NOT if one understands 1620 and what happens when 1616 is taken out. Again failure to take out 1786 WILL result in 1620 being revisited. Any who are objective can see that. And that's not considering the effects of tapering, debt ceiling, and Syria.. OH yeah the perfect time to go low. When Pt's are at near highs, a 10 week at highs, a bp spx forming a wedge and strings becoming stretched if one looks at .27/.57/81/1.24/1.62/2.34/4.86 What's it all mean. 1458 is coming and 2014 is a reasonable time frame. NOW what to do. Well one can keep buying and paying too much or one can understand it, expect it and exploit it BEFORE it happens versus react to it AFTER it happens. So for those who enjoy the day trading. COOL. But for those who understand how wedges break at highs..ee you in the 1400's. OH and 1626 support lower but more importantly 1616 shows a break of a support line. OK..that's it Now who wants to put up their work to support 1786 and higher. Cuz if you don't get it then. Forget about it till 2016 IMO FINTAS

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