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Strategies & Market Trends : Longer-Term Market Trends
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From: Fintas11/22/2014 12:35:16 AM
1 Recommendation

Recommended By
toccodolce

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FINTAS DISCLAIMOR.. DO NOT READ IF YOU DISLIKE ME. PERIOD

IF you do then don't waste my time with foolish posts. NO ONE MAKES YOU READ MY POSTS. PUT ME ON IGNORE..

BP SPX.

And some comments.

I have suggested that one day the SPX would be UP.. and as that was happening the MO SPX would begin to roll..

I also suggested that it woud be very difficult for the MO SPX to continue going to the high of 98 that had happened only twice in the last 20 years. ONCE FOR 2001 after 9/11 and the other after the lows of 2009. In both cases the SPX had decline dramatically. Once 54 percent and if memory serves me 40 odd %.. Not quite near where the SPX recently dropped 9.9%.

So the goose took it off the 12's to 94 and as it did put in new spx highs past my 2052 and under my 2080. Each had it's purpose. I've explained it .. Most do not accept or understand. Regardless most did not accept MO spx was very tired. ..

So does this mean the spx can not continue up a bit more. NO

Does it mean those who think the SPX is going to continue to 2500 without a re trace of 200 points or as I have stated. NOPE... The 54 value box will retrace 3 x 54 =162 and extending to 200 points down..

OFF SPX 2070 that's 1870.. But I count from 2052 and that's a 1890 plus 1 more box min and that's 1836. Many can see both 1890/1836 and of course on the way to it 1944 where BULLS will try to make a stand. GIVE me a black swan moment and I'll show ya 1782 quickly.. But I don't want to get ahead of myself.

HERE's the important detail. I said ONE DAY the MO SPX would turn down as the SPX was UP. And if you look below there it is...HOW far down is yet to be determine and a bounce is still in it to allow for one my try at 2080.. Matters not to me. I understand the DEPTH that MO SPX is going and as it does how it will affect the other numbers over weeks and months...

And that is based on understanding this tool below...

Fintas..

BPSPX11/21/201470.00071.8562.8Bear CorrectionXSell
PTSPX11/21/201478.00078.8840.6Bull ConfirmedXBuy
RSXSPX11/21/201446.00044.821-0.2Bull CorrectionOBuy
RSPSPX11/21/201446.00050.1990.0Bull CorrectionOBuy
TWSPX11/21/201488.00088.0482.0Bull ConfirmedXBuy
30SPX11/21/201474.00075.8961.6Bull ConfirmedXBuy
MOSPX11/21/201494.00089.841-4.4Bull ConfirmedXBuy
WDSPX11/21/201438.00038.4431.8N/A

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