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Strategies & Market Trends : Point and Figure Charting

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Recommended by:
Don Green
Ms. Baby Boomer
toccodolce
To: Don Green who wrote (31507)4/30/2019 2:24:19 PM
From: Fintas3 Recommendations  Read Replies (1) of 34823
 
TRY THIS. I put up many a box size. Plug them in to Stock charts and then what do you see?

EX look at the spx using 486 going back to year 2009 or if you can year 1996.

Then 162 VB

81 VB/64.8

As I have stated long ago and recently 3402 is hit I'm counting down from 2916 and with many box sizes but for ease to see my thoughts I'm using the VB 162.

The smaller ones help to determine how things can work out in either direction.

And what about the fact SPX is beyond 2916.. what if it hits 3078? 3240? ZZZZZ I refer to that as FLUFF.

I'm still counting down from that 2916. Why? Because the 486 is in control to the UP and will be until it turns down which from 2916 would be 1458. Yet if we push too high to the 3402 then I'd have to adjust to the 1944 as a target but that doesn't mean I just sit on my hands. I exploit what I think is next whether it be UP or down and why MATT did NOT see 2350. He was too busy looking UP. Here and now he doesn't see 2430 let along 1944.

I see the 3078 and 3240. I mention them long ago. Even the 3402. Cept I don't expect that 3402 to be hit. I do expect lower numbers as I count down from the 2916. I.E 2340 and yes 1944 and yes 1782 and yes 1620 to fill that GAP UP at 1648 and I will until I see other wise. Unlike many I don't blow in the wind with targets whether they be an equity or an index. It also doesn't mean I will not sell before a target is hit.

That decision is based on many variables.

ALL IMHO

Fintas
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