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Strategies & Market Trends : Longer-Term Market Trends

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To: POKERSAM who wrote (2498)	11/19/2013 10:34:15 AM
From: Fintas	of 3209

Tis possible re what you present and we shall see. Yet what I see is a top being formed on the spx. I've got a bear confirmed on near term momo indicator and a break down. That usually results in selling. The level is in the 50's and I could drop to the 20's. Above that though is a bp spx that did get an 82 ish and a 4 box up of x that is now either going to retest under, bounce and go up as you also see. OR go down, bounce and fail which is how I lean as I look at more than on indicator. IF so: Let's look at it from this view. I always focus on the milestones. Whether it be where a xfmr sits or where a stub up ends. So we know I use 1458 and under 972 and under 486. In between I use many derivatives of the number. I've presented many. However one of the main ones is 162 or 162x3=486. etc etc. Thus we know we took out the 1458 has a drop under to 1343 then turned to go back up. And the sequence is now: 1620+162=1782. (all beyond is but smaller variations of the 162 until the 1944 is hit or not hit. And that would be 1458+486=1944. I don't see it in 2014 as I consider the fundamental side. Thus a after or before a touch to the 1782 a move to your 1810-1813 is possible. Yet my work continues to support that 1782 will be hit and then the sequence will begin lower. Or another way to consider it. It's also possible to drop to the 1782 bounce 18 to 1800,-1805 and then roll down to take out the 1782-1756 (the 108 value box milestone and then the fun begins as we stair step down..down...down to that 1620. Yes there are levels of minor support on the way down. i.e 1648 . Once under that 1620 then it's 1594/1556/1512/1486.... and hello 1458. I'll sit back and watch how it plays out. Fintas

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