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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: kokoro33 who wrote (16752)11/25/2014 3:05:32 PM
From: humble1  Read Replies (2) of 41036
 
k33: that's it, thanks. but, beware of this kind of crazy. there are strong confluence cases for other targets, some of which have been bullied right through, as you have seen.

but since we are on this one and immersing in market structure; here's more:

go half way from that 1220 high to 2074 and you will hit spx 1647. that was the key 10/9/13 low which finished an important five wave overlapping, and running corrective, pattern.

1220 -> 1647 = 427

1647 + 427 = 2074

[also, to show how important 1647 was, you will see two perfect waves from 1343 to 1991, with 1647 the wave-b low. spx 1991 on 7/24/14 started the recent action:

a: 1343 + 344 = 1687
b: 1687 -> 1647
c: 1647 + 344 = 1991]

p.s. I can, and will, make a great case for 2220 if/when 2074 is busted :-)

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