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Strategies & Market Trends : Longer-Term Market Trends

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toccodolce

From: Fintas

11/14/2014 11:31:22 AM

1 Recommendation of 3209

BP SPX info.. Now all of ya that have me on ignore.. NO PEEKING.. And to those who don't no feeding others who have me on ignore.

BUT for those who do have an interest..

Take a peek.

KEEP IN mind there are those who suggest 2500 without ANY retrace of 200 points before hand.

There are those who suggest 2400/2200.

Run some % please.

As you look at this info.. UNLESS you have access and even then you also must have some experience or they are just numbers and conclusions can be made that could be incorrect.

EX.. the MO SPX is at 91.. Some could say. OH it could go to 100.. SHHH HELLO it's NEVER been to 100..I think 94-92 since the data base was put together.. And to those who say..BUT This time it's different.. I know it's never seen a epicenter of wave 3.. YES but then again it did see SPX up 9 times off 1991-2000.. AND NEVER to 100.

THen as you look at others numbers here's some interesting observations a few are in 0's. Have NOT turned up since that drop and even if they did with others up to high.. I.e mo spx ..10 week and 30 week there is little chance of continuation. Meaning that PT SPX could hit 78-80 stall and then TURN DOWN.. And as it does take others down down locking many in up high..

You see the RSP/RSX/Pt which consider the relative strength of stocks in X's.

The Relative strength patter. Are they increasing.... Decreasing.. Well positive RSX would have them INCREASING.. IF so..why are they not at 80.

HINT.. cause many STOCKS have weak RSX and RSP.

So wish and hope all ya want for SPX 2500 or 2430.

SELLING is needed to allow the mo's to come down.. the PT to come down, rex etc to then TURN UP...And THEN one can consider a bottom in and up... I've put up the PREC METALS and those who paid attention would understand the process and TIME.. IT TAKES TIME.. And SPX has a long ways to go..

PREC METALS.. OIL S OIL do not have as long to go.

IN CONCLUSION.. IT IS IMPOSSIBLE for the SPX to move to 2430.. let along 2500 without a retrace of the 54 value box x 3 which will require 200 points before done or 3/4/5 boxes DOWN.

Don't agree.. THEN KEEP BUYING.. CAT would be nice to help an old guy out who is STUUPID and doesn't have any understanding of the below.. OR perhaps.. the MANY JERKS who take shots don't understand the below.. You decide.. Am I guessing or do I have YEARS AND YEARS of reading charts, data points to understand WHY.. I recently could say the BP SPX would drop from the 70 to cut under 58 and then DROP to the 38.. WHICH IT DID..And as it did it yanked the spx down from 2019 to 1817.. NOW here we are weeks later and that BP SPX is up again.. No where near it's high of 88.. YUP 88 The MO SPX is near it's highs..

And some want to suggest another 10%-20%..... OK..if they say so.

I disgree and thru down the gauntlet. Now we can see over the next weeks/months who is right.

HINT.. Did Ya notice I was CORRECT on the LAST 200 POINTS DOWN..

YUP.. IGNORE ME.. I love watching intelligent? people do stupid things as they did with POG. DUH..

Fintas

BPSPX	11/13/2014	68.000	68.463	0.0	Bear Correction	X	Sell
PTSPX	11/13/2014	72.000	77.888	0.0	Bull Confirmed	O	Buy
RSXSPX	11/13/2014	46.000	45.219	-0.2	Bull Correction	O	Buy
RSPSPX	11/13/2014	46.000	50.199	0.0	Bull Correction	O	Buy
TWSPX	11/13/2014	80.000	78.486	-1.6	Bull Confirmed	X	Buy
30SPX	11/13/2014	72.000	72.311	-1.0	Bull Confirmed	X	Buy
MOSPX	11/13/2014	90.000	91.036	-0.2	Bull Confirmed	X	Buy
WDSPX	11/13/2014	32.000	31.682	-1.1	N/A	X	Buy
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