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Strategies & Market Trends : Longer-Term Market Trends
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From: Fintas11/19/2014 8:50:15 PM
1 Recommendation

Recommended By
toccodolce

   of 3209
 
SPX.. IF YA ARE ONE OF MY MILLION FANS.. SKIP OVER IT.

But for those who want to see things from a different point of view. Ya migh enjoy.

I dream this stuff.. I understand it.

972 is to 486 as 486 is to 972.

Thus 486/972/1458/1944 Or 1 2 3 4 5 being 2430 is a stretch to 1944

as 1944 was to 486/972/1458..

As we saw 1458 never got to 1620 on the way to 1944

Thus the DEEP retrace and pretty much a reset of years of phantom shares..

and 1458/972 trying for 486 and FAILING while stalling at the 667..

Trying to stretch down from 972- 162=810 and not completing another 162..

No different than a stock STRETCHING UP.. whether it be BAC and NOT making 19.44 or GE not making 29.16 and EACH now in a retrace mode. One still needing to unwind i.e BAC the strong move UP off the RSI and has turned down but more down needed.. And the other GE turning down.. building a base to lift off to take out 29.16 and continue to 34.02/38.88 and counting from 24.30.. NOT 19.44 OR GE is closer to taking off then BAC. IMO

SO too SPX.. stretched down.. UP to begin it's walk up AND THIS TIME TAKING OUT 1944..

BUT 2430 is in the distance.. YES one day it will be hit.. I've explained why 2430 will not be hit.

BUT just as GE needed to drop to the 24.. BAC needs to come back to the 11.34.. IBM needed to come back to 161 and still lower

SO too SPX needs to drop to build a base to lift TO complete the 2430. The argument is 1944/1836/1782 And then theres the deeper view I share with a few.

Many will continue to argue the depth as they did with POG and to the now KNOWN 1137.. STOPPING shy of 1134 and that too may go but here and now a rally on POG.

BUT just as 1458 was to POG.. 1458 is to SPX. OR 972/1458.... 1944

One has shown to go lower to 1137 i.e POG.

The other has yet to begin the steps of 162 down ( which the 54 is part 3x54-162)

OR 1944 less 486-1458 I.e SPX

DISAGREE.. DEBATE.. BUT try to keep an open mind for as it plays out you will not be surprised.

IF any want to stop it.. PUT in such heavy buying and build a base at 1620... to then lift ..BUT THAT requires more time than I think this market has.. TOO many issues,,,,to many things to go wrong and TOO many variables to produce a black swan to cause heavy selling before SERIOUS SUPPORT IS IN PLACE..

I don't care if ya use PNF.. A basic chart out to 2010..will show the HEAVY SUPPORT and it's NOT at 1900/1800/1700.. There is a bit of support at 1620-1650.. And under? sorry but woosh to 1405-1343.. 1458 is as safe as POG first hit of 1220 and Apple 448.. And both of them went lower.

I'll be looking at the bp spx later.. I may post it.. I may not.

It's time for some of the experts to put up their work other than lots of name calling.

IF ya think SPX can not go to 1728.. SHOW ME.

IF you think SPX can go to 2500 without any retrace.. SHOW ME.

OH and how's that RUT doing % for the year? Will spx follow it soon. I've a 972 for RUT as safe.

Fintas
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