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Strategies & Market Trends : Longer-Term Market Trends

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toccodolce

From: Fintas	11/4/2014 10:21:37 AM
	1 Recommendation of 3209

This will be long.. if you don't like my work skip it. If you don't like me...skip it. However if you realize I'm the only one to hit 1220 POG down.. And then boldy put up a 1174 while the PROS said the bottom was hit at 1242/1180. THE PROS were WRONG.. VERY WRONG. And my 1174.. Sorry bashers but I was RIGHT..I not only put the number up but did so so with CONVICTION.. NEVER WAIVERING while also putting up near term areas to catch a rally. AS I did I took hits across the boards.. Maybe they should have listened? If you understand that.... THEN PAY attention for yes the spx is rallying off the 1817.. And yes it just took out the previous high and heck may go a bit higher. Yet make no mistake.. There is a DEEP retrace coming. ALL can line up and take a number.. Some will consider 1782....some 1728.. The more bold 1650.. The very brave 1566.. And then there's are those who understand the WEIGHT of those strings to understand first how 1174 would happen.. And also 1458.. Place your bets.. I'll highlight the numbers that matter. 486/972/1458/1944......... 2430 ONE DAY just not now. * What about the 2024 or a bit higher.. SHHH 1944+ 162= 2106.. Just FLUFF in the world of strings and sequences. 1944 is the key number now. I was once asked WHEN would I give up on 1458. I stated if 2430 was hit. Many like to be selective with my statements and ignore what I put up. SO has 2430 been hit? Can it be hit without a retrace of the 54 value box. Let's see what I have to say about that. So.. Given it takes 162 x 3 =486 And it takes 54 x 3 -162 18 x 3 = 54 1944+54= 1998 1998+18=2008+ 18= 2026.. So far 2024 ish.or 2025. Need to check.. but no 2026 IF 1998=54=2052.. That's how I arrived at that number. And 2012.50 + 40.5 = 2053. 2020+34.02= 2054. Then one can see there are a bunch of hits in the 2052 area. However... First things first. IF spx stalls here then expect back to 1944 Then it becomes 1944-1890. IF it picks up steam finally the 54 x 3-162 will turn and there's the 1782.. Under that 1782-54=1728.. Many have put that up. So as many still chant up up up.. And try to ignore a bp spx that is running out of gas with both momentum and resistance into the 61-64. We shall see how today plays out and the next week. BUT here and now.. 54 is the controlling box. IT IS EXTENDED.. I'll SAY IT AGAIN. EXTENDED. It is approaching 18 boxes straight up.. WITH NO RETRACE. Those who want to gamble for that 18 or that 19 box up.. 2052/2096.. Be my guest just as long as one realizes the 108 is also extended.. Underneath the 34.02 has been the box used to put in temp support or up and down and continue up.. BUT that 108 is a heavy box.. At 2080 it would add another.. That 54 would need another above. And I'm sticking with the 54 will roll.. The 108 will roll and eventually the 162. And for all this jibber jabber. It will be 1944-486=1458 SIMPLY because 2430 That 2430 I can consider and put up at the very top of this post is NOT going to happen here and now...ONE DAY.. Just not now and that detail along with the reasons why I.E extended PNF patterns of the 54/64.8 etc that MUST RETRACE.. MUST.. I stated that re the 40.5. And as much as my detractors try to discredit. THE FACT IS.. The 40.5 did retrace.. Did retrace 3 and as a result 1850 and under 1817. THEY SHOULD HAVE ALLOWED MORE SELLING.. LET that 40.5 drop 4/5 boxes.. Take it to the 1810/1770.. BUT nope they lined up in orchestration to come in again near the support at 1817.. AND TURNED IT ON A DIME.. Making a nice run into elections. Unfortunately...that did not build enough support and those gaps underneath WILL be FILLED. Whether they push spx up a bit more.. DOWN is coming. TO THE DISMAY of many a long. 2015/2016 will not be SPX friendly.. And here and now is as good a time to begin the steps of 162+162+162 down or 486 down and from 1944.. Why 1944? Cuz 2430 isn't happening ..for a bit. Enjoy the GREEN. Fintas

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