Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: MythMan who wrote (2665)	4/16/2014 10:30:09 AM
From: Fintas	of 3209

I didn't think you were. But I did want to point out that as I look at the chiefs site and see the middle finger towards those bearish, he and his coterie put up downside numbers of 1780/1767. SHHH by his own standards that would be bearish. Now because I'm not that myopic I realize and have ALWAYS realized Da Chief can see both directions. Yet he's not too forgiving of others who have done the same. As for those bragging about hitting a number. I never have a problem with such. Or flip flopping if it's warranted. Better to change than lose. I prefer that versus those who see one direction.. Unless that one direction is warranted. Ex those who were bearish re China and their housing. While here ms spx best take out 1854 and HOLD and then go after 1872 and hold. Or one best expect a round trip to 1816 Which by the way is but 1836-18=1818 and the first sequence of 18 of a 54 and that's a 1836-54=1782. Many play with waves, or look at ema's etc. I just play with numbers. In the end heck many can see 1782. No biggee. Just as many could see 972/1457…and 1944 which is YET to be hit. And if they can't get past 1872 then how they going to get past 1894. On another note it's one thing to base off a low or a mid range to break out or go higher. As we saw with GE off the lows..then the teens and now in the 24-26 area.. basing to either drop or pop. BUT to base off RECORD HIGHS that are extended significantly.. That's a worrisome pattern. WHY.. So if it breaks up..well 1908 is a problem. Then there's 1916/1934 to what touch 1944 and then what retrace to the 1818 to spend months to lift again. OR is it more probable down to 1782 to 1728 to where the gap up is at 1650 ish and HOPE it holds to lift again. I'm in the camp after a bounce off 1728/1650 spx drops down again for by then many negatives will be in place to just keep the selling going and the hope will be the selling will be contained. And if by chance things become so good then I will adjust. We shall soon see. Have a good one Fintas

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