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Strategies & Market Trends : Longer-Term Market Trends

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Fiscally Conservative
toccodolce
To: robert b furman who wrote (2742)10/8/2014 9:49:28 AM
From: Fintas2 Recommendations   of 3209
 
Bob.. don't know what you have been reading but I have been suggesting we are going down.

More importantly Bob and pay attention to this.

Back a bit when you suggest 1838 on MR W board I came in with support for your number with the 1836 was a safe targer. IT was and it was hit and I got my self banned for clutter. Ya know for a guy who puts up so much clutter I sure hit those targets.

Regardless the point is.. BACK THEN the BP SPX was in the 62 area and did not get to 60. Teh bell curve was in the 47 area.

So let's fast forward to where we are..throw in a few varialbes such as the world's on fire, etc.

And that SPX is at 59.. LOWER than the 62 soon to hit that BP SPX at 58..That will result in a BREAK..DOWN.

The BELL CURVE avg is at the 42..LOWER than the 47.. That SUPPORTS selling.

This time is DIFFERENT.. IT IS NOT the same.

So yes you will see a near term rally at some point.

But their is a leak in the dam. Water is drainig out.

And MS SPX is heading LOWER.

MUCH LOWER.

IF you want to fight it that's ok. but you best be prepared to use all 10 fingers, toes, and get all over your very bullish friends to jump in.

I've seen the charts. I understand what you are suggesting.

But my friend.. you better understand what I'm suggesting for mine is all about targets and MANY tried to game the bottom of the POG on it's way down from 1900. MANY thought this and that.

MANY WERE WRONG.. VERY WRONG.

Ya can't get that BELL CURVE from 42 to 35 and 22 and GO UP.

That also means SOX is going to drop.

Rut is getting crushed and go lower.

QQQ will go lower.

Dow will go lower.

And the ONLY thing that will stop it is MONEY.

So break your piggy bank and get ready to anti up for the selling is going to come from places beyond these borders and for a long time.

OH and what am I doing..

Practicing up on my gold rush dance.

So when a few gaps UP get filled.. And many a downside target is hit..

I'll be doing the .. ARGUE and DEBATE. but never ignore the contrary voice.. Especially one that is good with targets.

You should know for I gave you INTC 34 long ago of the 20 and while do so provided the useless PNF/ strings and RSI numbers to show how. I notice though you never mentioned such..

Fintas
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