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Strategies & Market Trends : Waiting for the big Kahuna

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From: Fintas	4/19/2014 10:14:40 AM
	3 Recommendations Read Replies (3) of 94695

Vitas YOU POOR SOUL! How's this below for enunciating why I consider lower for the spx. It's there for those who want to read. Whether they understand/accept is another thing. One calls me a pnf gas bagger, another says I talk to much and then you suggest I don't enunciate. OH PLEASE. How about you don't accept? 972/1458/1944 Each step up equalling 486. That 486 can be cut by 1/3 rds or 162 That 162 can be cut by 1/3 rds or 54 Going back to the 486 many years ago re spx and at that time it would have been 486/3 or 162 and the steps to 486 and the FIRST major string to then set up for the 972 to the 1458 and now we wait to see 1944. I consider them milestones and each has it's process. As are seeing the recent rally pushed the 1890. Just a number that would be required to make it's way to the 1944. Yet 1944 was always there. Just as 2430 is beyond 1944. it's simply a matter of when it will be hit and not IF. However to hit the number many variables have to be in place. Here and now with a bell curve avg now at 53 ish. The bp spx sector in the 64 area yet rolling over to 0's. Many a tech indicator rolling over. The 1836 I have presented would be hit and where counts would continue now from that 1890. Then since just as with a reversal up or down it can take 3 so to it is with any sequence. The question is what value box is probable. That is why I suggest one look at the same picture with more than one value box but with a handful to get a micro view. Thus 1890-54=1836 and WHACK. It could have also come down from 1854 or other. The point was 1836 was going to be hit and it was. NOW.. from a larger point of view. it's 1890-54-54=1782 A number most can see. It's how it goes there and now if. Yet for those who keep hoping for 1944 first things first. Does the retrace from 1890 make it's way down to 1620 which is just a step towards the 1944 and for those who understand those strings a step UP from 1458+162=1620. I kicked out the JPM because I not only understood the FA but the TA and timelines as it applied to me. Do I expect higher in JPM. YES over time. Yet here and now.. I expect JPM to retrace into the 40's as the sector rolls left and spx drops. And yup a win is a win. I realize you use default settings. Even so you should see that break in PNF. And if one ties more of those indicators in one can see how many of those supporting TA lines can easily fail. Yet on a MACRO view.. 486/972/1486 to 1890 is a big move when one considers spx was at 1343 in NOV 2012.. A move that was orchestrated by other. Thus the retrace of that move is not a bigger. It will help to build support to help lift higher over time to 1944/2430/2916. Bottom line I won't be surprised to see a bounce to 1842/1854. I also expect JPM lower and SPX to soon see the 1700's then the 1600's etc to a number down I've presented. Hope you are doing well with your trades. Fintas

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