Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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From: Fintas	11/20/2014 11:25:40 AM
	of 3209

SPX.. and a littel helper with that MO SPX info. Here we are at 2052.. Look at that buying. Wonder if anyone is selling? The time is nearing. Not necessarily today for OEX can distort what we see. But the time and day is coming when the SPX will be UP and that MO SPX begins heading down.. Now a PNF chart would require ya see the box sizes turn to confirm such. I anticipate in all both directions.. I do that to grab that turn up and also not to get caught as many were with IBM.. They should have understood it had gotten way ahead of itself and fundamentally it was running into trouble.. I saw a 160 earlier today. That's a long ways from it's peak and down now for well over a year.. It hit my safe target of 164.. So for those who read that data I put up. I have a saying .. you can only put so much water in a 16 oz glass. DITTO that mo spx MORE IMPORTANTLY.. Unlike many indicators when that one turns.. the pattern is very clear over years.. A TOP...................and then a BOTTOM.. the bottom is usually ends in the TEENS. So for those who want to keep buying hoping for the rise to 2500.. OK...CEPT it's not going to happen without that retrace of the 54 value box or 3 x 54=162 that will lead to 200 down.. Fintas

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