Longer-Term Market Trends Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Longer-Term Market Trends

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Fintas

10/8/2014 8:40:48 PM

of 3209

Here's one before I run out for dinner.

FIRST.. many momo indicators for many sectors are oversold and can rally. So we are seeing that.

But don't get giddy. It is VERY common for that to occur and what should be considered is what sectors are selling off.

And what sectors will sell off.

IF I get ambitious I'll put up similar re BP SPX later. And that too was due for a rally. But a rally that will stall. Where will be learned over the next few days.

So for now.. take a peek.. LOOKING LOOKIE RE PREC METALS.. the ACTUAL is now in the 17 area for BP PREC.

What is troubling is yes it can be expected to rally. But because they drove it so low.. That opens up the door for the retrace to the 17 and as I have stated 12/8/6.

Also any who have worked with this information over YEARS, understand just as they can hold them RIGHT for a long time as we have SEEN since 2012.. So they can hold them to the LEFT for a long time as things unwind to the down.

FINALLY for those who have skill with PNF.. PLUG in the 24.30 in the value box for 4 years time frame.

Notice it has NOT retraced. NOTICE where the next box up is.

And make no mistake it WILL ROLL OVER 3 boxes..

So now we can add the 24.30/34.02/40.5/54 as VALUE BOXES that WILL ROLL and as they do the spx will go down.

So first to see where this up ends but BE CAREFUL BULLS.. SELL THE RIP.

Fintas

Bullish PercentsAverage Level: 42.06

buil

elec

drug

comp

game

fina

text

fore

auto

tran

hous

chem

aero

prot

mach

busi

euti