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Strategies & Market Trends : Longer-Term Market Trends

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toccodolce

From: Fintas

11/20/2014 10:20:28 PM

1 Recommendation of 3209

BP SPX indicators. This will be long. IF YOU DO NOT LIKE ME.. SKIP IT..

I'll point out a few things that I identify. I understand. I really don't care if others understand. If they did they'd be discussing it.

FIRST as you look at the indicators below, you will see a bit of a push on the actual BP SPX to 69.. What you don't see is the previous was 80 and to get from 69 to there would be very hard GIVEN ........

All the movement of spx up and the mo spx is still at 94 ish.. Nothing dramatic there.

BUT here's something I watch..

ALL this buying and the RS X has NOT turned up. In fact it has hardly budged and it is more likely to continue the pattern DOWN.

The RSP BP is also more or less static. VERY VERY hard for the RSX to turn UP.. if the RSP is not moving UP. WHY.. the BUYING has to cause the Pattern of MANY to turn up and as the MANY turn UP the RSX turns UP.. HERE and now the RSX wants to coninue LOWER.. That means the SPX might be up but collectively that isn't happening to many stocks within.

Additionally the PT SPX sits in the 70 area and is setting up to head DOWN. One should expect it to be MOVING HIGHER as MO was moving up.. IT IS NOT!!!!

So here's is how it's could play out. NOT exactly but the big picture is DOWN.

The MO SPX could still be pushed a bit to 95/96.. VERY hard to get to 98 or 100.

And as that happens the BP SPX could push 70/72.. 80 IS HIGHLY unlikely with the MO SPX so high..

That means the MO SPX is soon to roll over.

Whether it be a 2056/2069 as another suggested of 2080 ISh where the 108 box puts in an x.

That MO SPX could begin to roll on an up day. BUT it will ROLL.

As it does by the time most investors understand what has happened it will be in the 86/84 range and then the game will begin.

IF the BULLS can they will try to hold it.. IF not then expect down to 1944 pretty quickly..

IF the BULLS can not regain then expect lower to TURN THE 54's From 2052 - 162= 1890

IF ya take the 54 count from 2026 as some charts plot then it's 1864 and all can see 1836..

And of course that's the 200 POINTS down along with the 54 x 3 = 162 and the RETRACE I have been presenting.. It's also just about 11%

Now this is where it's going to be interesting.

IF any of this is caused by a black swan.. or some facts that are yet to be revealed.

IT is NOT hard to get from 1836 to 1728.. I have walked it down..

As this happens that BP SPX drops and drops whether from a 69 or 75...One can expect the drop to go LOWER than the previous drop of 38. I have forcasted down to 26 ish and then 16 ish. Maybe a 10 or lower. YET the point is the drop will step down.. a bit up.. back down..

THE momentums will lead.. get washed out.. PROVIDE some rally and keep going lower.

My WORK WITH POG played out similarly.

The 1137 didn't happen over night. But the 1917 ISH ? came down to 1648 quickly some rally back under to the 1458 some rally to back to 1335 where MOST thought it ended.. NO UP to try for 1500 and failing to 1220.. THEN MANY MONTHS with a 1180. above and down..ALL the while the BP PREC SUCKED WIND taking it to 6 OFF the 1180 back up to 1362 before retracing it all to the 7 we just saw.. ( AND it still may not be done.....But as far as I'm concerned the 1174 I was mocked for by dozens proved all of them to be wrong. Now I'll let them fight over is the bottom in or is 1050/972/ or coming.

I am accused or being verbose.. AND I can be.

BUT I will take the time to explain for those who have an interest.

Any who think I pulled the above details out of my arse are either so blind with emotion towards me or should understand I understand the numbers and have seen them play out many times over many years.

SO ya can have an open mind..

MOCK chit out of me.. Call me stupid..

In the end.. I am FIRM on my work.. And I'll defend it.

Rather than just throwing out cutsie phrases.

TO 3000..

TO 2430.

OH stop ya worrying.. There are those who were worring the last 1390 points UP.

YES.. MANY of them remember the 900 POINTS DOWN to 667 ...the near TWO YEARS to form the bottom... and the PAIN many of them experienced.

I like to keep it real even if I am a PERMA BULL who expects 1458/1944/2430/2916... ONE DAY.. JUST no 2430 until that retrace occurs.

Fintas


BPSPX	11/20/2014	68.000	69.062	0.6	Bear Correction	X	Sell
PTSPX	11/20/2014	78.000	78.287	0.0	Bull Confirmed	X	Buy
RSXSPX	11/20/2014	46.000	45.020	-0.2	Bull Correction	O	Buy
RSPSPX	11/20/2014	46.000	50.199	0.0	Bull Correction	O	Buy
TWSPX	11/20/2014	86.000	86.056	2.4	Bull Confirmed	X	Buy
30SPX	11/20/2014	74.000	74.303	1.6	Bull Confirmed	X	Buy
MOSPX	11/20/2014	94.000	94.223	0.2	Bull Confirmed	X	Buy
WDSPX	11/20/2014	36.000	36.666	2.2	N/A

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