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Strategies & Market Trends : Longer-Term Market Trends
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From: Fintas11/27/2013 1:37:06 AM
1 Recommendation

Recommended By
toccodolce

   of 3209
 
The strings are simple.

No magic. Pull up a numbers table and they can be easily seen.

So something to consider.

1782 is to 1620 as 1458 is to 1620.

Many are trying to find the top.

Some think it's 1782+162=1944

Some think it's 2106. Then there are those who understand the difficulty to get to those numbers without building a solid base to do such.

SOON spx will roll over IMO. As it does just as it stair stepped UP.. Then EXPECT it to step down.

OR YUP back to that 1782.. That 1800 ish was just a variation of the 18 box or 1782 to 1800.. The up was bound by 6+6+6= 18 or 1806/1812/1818. Others have presented numbers close to such.

So to the down it's to that 1782 and then 1782-54= 1728

And 1728-54=1674.

Many who use PNF understand the 1620 to 1674.

And many also understand there's a gap in the 1656-1660 area and underneath that where the spx recently bounced. 1648.

All this to present some numbers to help with the ranges.

Many will think that the pullbacks are once again the time to come in.

But not understand the underlying tech indicators are breaking down for spx, dow, ndx. The precious metals as all can see have broken down. And it's easy to see the effect of that and TIMELINE for it to finish it's bottom.

Try projecting what that means for the SPX.

Although some REACT to the FACT the spx was aided to the upside because of the QE3. So too will equities anticipate the pulling back of the FED action. As that happens investors will re adjust valuations etc. Spx is living on dreams not reality. When the bough breaks the baby will fall for longer than most want to consider.

I'm noticing the timers are all over the place.

What's it mean. Be careful following them. They will turn on a dime and any not nimble will find themselves holding IBM at 210 looking for the bottom. Hint 164.

So the action in tech indicators and FA doesn't support 1944 spx near term. One can buy it if they want but the numbers don't support it..

It DOES support 1620/1556/1512 AND 1458. I expect 1458 in 2014.

Just as I expect 1174 POG in 2014. When that becomes history many of the timers will have some explaining to do as they didn't see it 5 months ago yet are quick to get on board when it hits them in the face.

What you do with these numbers is up to you.

I use them to help me understand the ranges.

Fintas
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