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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 689.17+0.2%Dec 11 4:00 PM EST
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From: Fintas11/18/2014 10:53:04 AM
1 Recommendation

Recommended By
toccodolce

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Chartseer re JNUG.

It's RSI is at the 4.5. and the upside is a 9. I'd expect 7 ish at minimum

Near term the pattern for RSI has gone from 0's to x's and could result in a bit of a pull back of 10-15%.. Or using numbers 4.86 or a shade under. Those that didn't catch it could enter there or just hold here if that retrace doesn't occur. But that 7.25 you put up is VERY SAFE.. As is that 8.10 I presented.

The RSI supports a double as do the strings from the 4.86 to the 9.72.

And 4.5 x 2 = 9 matching that 9 for the RSI ..Which was a bit light. It was more like 9.2

As for ms SPX. I love it when bulls get stupid. That's how I get to sell. Remember I work off targets. If someone wants to over pay.. FINE BY ME. I get to sell sooner.

EX.. I sold JDSU at 28.16.. And those rascal bulls still pushed it to 29.12.

Yet here we are near 3 YEARS later and ol JDSU is at 13 ish. Those silly bulls sure showed THIS bull when it's time to sell. NOT!

Those who want to hold spx for the mulching of the pulp are more than welcome. DOWN is coming. It is from where.. MO SPX 94/95/ 102. Wait the scale only goes to 100..... SHHH don't tell the bulls.. MORE Importantly one day I expect to put up that info and many will see the MO SPX turning down as the spx was up.. And there will be a a note in the column..it will be very small and need a BUZZ light year ring to read it.. It will say SEE YA SUCKERS. Thanks for buying.

Then that near term momentum will head lower llower lower taking the SPX with it. Not because I say so.. HISTORY says so.

SMILE

Fintas
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