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

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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From: Fintas	11/5/2013 11:23:38 AM
	1 Recommendation Read Replies (1) of 219232

Ok...so JPM is down, Bac is down, GS is down. Each of them is in a sector to far right on the bell curve avg. Each of those sectors is and begun to roll left. MOST are unaware that the bell curve avg was at a peak of 68 in 2010. It was also at 3 in 2009. Last eve it was in the 64 and change. After recently being in the 66 in change. So although there was the possibility of retesting that 68, it's beginning to become clear that here and now that is becoming unlikely. If so then one should expect more downside re BAC and JPM. I am. I'm long core but I have written calls against them both. . TOO MANY bulls don't understand there's not a thing wrong with down. It's what help things to go HIGHER. BAC will move to the 25/35 over TIME. JPM the 60/80 OVER TIME But now? I'm gaming bac 10's-11's Jpm 38-42. While here most who don't ignore me should be aware I have a core in drys at the 2.15. I put up a few posts on SI one back in March and another in Aug to help some understand Drys. Drys reported last eve and from my FA perspective it's behaving as expected. The sleeper most have missed is ORIG. I've a 25-29 and then 35. If one understands DRYS/ORIG and does know how to use a calculator then one should understand DRYS UPSIDE into 2014/2015. I.E, NOT 100% but HUNDREDS of % is my expectation. Thus for those who have asked me questions via PM. Now one can consider drys on the pullback to areas presented above 2.70. IMO IBM..for all that noise re the buyback the fact is saying one will buyback is not the same as saying where they will buyback and for what price. Thus I had previously had the IBM down to 175. I maintain IBM will go lower. So for those who think DOW to da moon. Until I see dow take out 15823 the dow is going to 14k and lower. I expect it in 2014. Just some stuff for some to consider that the spx, dow, rut, ndx etc are made up with companies. If they are selling those companies in mass then SECTORS ROLL LEFT. IF the SECTORS are ROLLING LEFT then the indexes are going to go DOWN. Finally SPX. Humble recently flipped from a 2240 for May 2014 to 1343 2014. He was wrong re timeframe for the 2240. ONE day but not 2014.. HE IS RIGHT re 1343 And to get to 1343 ya got to go by my 1458 for 2014. Keeping this detail in mind that many have forgetton. SPX was 1343 ish in nov 2012. It was in the 1400's in Jan 2013. The Bell curve avg had dropped to the 40 area at that time. Thus a pullback of spx into the 1400's in 2014 will be supported by the bell curve avg drop and HUMBLE IS RIGHT. GZ is going to help all here get the most out of the decline of the spx with his system. Just as he did to the upside IMO Fintas

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