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Strategies & Market Trends : Longer-Term Market Trends
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From: Fintas10/1/2014 3:20:54 PM
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SPX 1942 as I type.

And so many trying to hype bull markets don't end because of this or that.

Excuse me RETRACEMENTS are HEALTHY.. And those who ignore such get to live thru the downside.

What is going to be hilarious.

I'm going to get to watch the spx go down as well as RUT etc.

And as I do...I get to watch and read SO many who were not willing to not just expect it but prepare for it.

OH well.. the world is filled with those who get caught in a view, ignore the contrary voice and then when the chit hits...WHINE WHINE WHINE.

972/1458/1944

We pushed past.

We did NOT get to 2430.

A retrace of the 40.5 is on it's way. That's 121 points

First though the 34.02 That's 102.06

Following that a 54 or 162.

So if you have any clue re how to count a retrace using pnf and from what I've read many do not.

Ya got to know where to count down.

54.. 1998

40.5 2012.5

34.02 1986

So from 1998 that's 1836.. A NUMBER Z MAN has PUT UP.. KUDOS!!!!!!

From 2012 that's apprx 1890

From 1986 that's apprx 1884.

And here's the bigger picture my floor trading, money managing, sub selling friends who pushes to the LONG SIDE.. Near term rallies will lead to failure and thus LOWER.

OH and as I hear some gal talk about EBOLA trying to suggest how good the USA will be at controlling it. CMON...knock off the crap.. There is RISK and I realize no one wants to cause panic. Let's not be dumb. PERSPIRATION is a BODY FLUID.

Next time you are in a GYM.. KEEP THAT IN MIND.

Fintas
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