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Strategies & Market Trends : John Pitera's Market Laboratory

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toccodolce

To: robert b furman who wrote (21121)

7/31/2018 10:59:58 AM

From: Fintas

1 Recommendation Read Replies (1) of 33421

Bob. If I may.

This one will help ya remain objective.

While the 486 VB chart doesn't look as ominous as this one which is the 97.2 VB. One can see the 97.2 VB is HMM extended. A bit of a detour in thought 486/972/1458/1944/2430/2916.. So one can see that 2916. It's been there off the lows of 666.

I saw that 2916 long ago and presented it. To me it was always how it would get there. Would there be retraces and along the way and the depth of such.

Well as of this date as the 97.2 VB chart shows: IT HAS NOT RETRACED at ALL..

However if one were to look at 95/91/88/81VB's ALL have. That means IT'S COMING re the 97.2 VB going from X's to O's..

So if I look at your scenarios presented.. Well if that 2466 is hit first that would TRIGGER an O in that infamous 2527. I doubt the pattern stop there but drift lower as you present.

And to the UP. Well OK let's get crazy and take it to 2916.. IS that where it ends and if so down?

As for those buy backs. I'll gladly sell them the last of my core if the price is right to help them with their inventory. I'm sure I'm not the only one willing to do so with those LTCG going back years.

Lastly as you enjoy your garden I'm sure you know there's a time for every season. As you look at this chart do you want to buy it here for a double. Fintas

09	10
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3110.4			3110.4
3013.2			3013.2
2916.0			2916.0
2818.8		X	2818.8
2721.6		1	2721.6
2624.4		B	2624.4
2527.2		A	2527.2
2430.0		6	2430.0
2332.8		2	2332.8
2235.6		C	2235.6
2138.4		7	2138.4
2041.2		B	2041.2
1944.0		6	1944.0
1846.8		C	1846.8
1749.6		A	1749.6
1652.4		5	1652.4
1555.2		3	1555.2
1458.0		9	1458.0
1360.8		4	1360.8
1263.6		1	1263.6
1166.4		3	1166.4
1069.2		9	1069.2
972.0		7	972.0
874.8		X	874.8
777.6	O	X	777.6
680.4	3	•	680.4
583.2	•		583.2
486.0			486.0
388.8			388.8
	09	10
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