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Strategies & Market Trends : Longer-Term Market Trends

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To: MythMan who wrote (2675)4/22/2014 3:41:17 PM
From: Fintas  Read Replies (1) of 3209
 
I'd be focussing on 1897 and not 1870.

More than that, I'd be focussing on how extended and how far between channels.

However from a string perspective.

972/1458/1944..


Where as 1944 has not been hit.


The count remains from 1890 until 1944 is hit..

And whether one uses 162 value box and 3 box reversal, 145.8/121.5/108. Multiply them x 3 and it's not hard to see the depth.

To the flip side most who look carefully can see the extension and the challenge of putting up another 162 x 3 or heck 162 from the 1944..

Now if one wants to yak about smaller boxes such as 1.62/3.24/4.86..

But let's keep it objective.

3% up? and to the down ?

But what the heck let's pick on Pokersam who clearly sees the spx is topping and at a high risk and individuals best be careful or find themselves holding thru a decent decline re the indexes as well as for certain equities.

Yet all are more than welcome to buy buy buy.

ME.. I don't see ANYTHING I want to buy.

While I hold my core.

Fintas
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