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Strategies & Market Trends : Point and Figure Charting
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To: Ms. Baby Boomer who wrote (32477)11/15/2019 12:25:46 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

   of 34822
 
CRASH is a strong word.

I prefer the words a healthy retrace.

The question is what will that % be and from where.

This is the 108 VB.

As one can see it allows for the 3132

And as stated one can also see the 3240.

BUT.. When one drills down to use smaller boxes then it should be gleaned that this move up is extended.

So the question would be if one were to conceded the 3132

Then counting down 3 boxes would be. In this case that is 108 x 3 or 324. Which would be that would be a shoe in for the 54 VB which was but 162 points.

That's what I'll be expecting and watching.

On an aside tis a good thing the market is worried re impeachment for it it wasn't the darn thing would be 4000 SPX. WINK

So here and now the optimistic should not just consider the upside but also see the possible downside to the 2916/2808 and yes the 2700 area. The higher are very reasonable for a first leg down.

BUT on this day, the money keeps coming in. Boy are they scared. NOT!

Fintas





151719
1618
3348 3348
3240 3240
3132 3132
3024 73024
2916 842916
2808 XO22808
2700 1O12700
2592 BCX2592
2484 7OX2484
2376 3O2376
2268 C2268
2160 O72160
2052 8X•2052
1944 OX•1944
1836 1•1836
1728 •1728
1620 1620
1512 1512
151719
1618
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