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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.41+0.2%Nov 3 4:00 PM EST
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To: POKERSAM who wrote (70276)4/19/2015 9:37:18 AM
From: POKERSAM1 Recommendation

Recommended By
toccodolce

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We are bouncing from the target of 2070-77 but the problem is that we declined from 2111.91 in five waves rather than three. So the decline was impulsive and not corrective. Odds now greatly favor this bounce as being corrective meaning that once it ends near 2094 the bottom will drop out and we wil hit near these refined targets.
Up to 2094, down to 2000, up to 2040, down to 1984, up to 2034, down to 1954. 1954 will end the expanded flat Primary wave [4]. From 1954 we wil go up to new ATH in Primary wave [5] to about 2300.
The evidence now greatly favors that we are in the (C) wave down of an expanded flat Primary wave [4] that began the first of Dec. 2014.
Targets are based on the most common wave relationships. These targets may change slightly as the actual numbers are hit.

It is all about probabilities. Eliminate the impossible, stay aware of what is possible and bet on the probable.
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