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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (40704)	11/22/2012 11:03:18 AM
From: Fintas	Read Replies (1) \| Respond to of 219158

RE JPM...Party Pooper. SMILE Ok let's play the numbers game. Forget FA for a bit and just consider numbers! 43.74 is my last pivot. If we take out 38.88 then 34.02 beckons. IF that is hit then 33.48 would be an area that could occur yet regardless 34 would have been breached. So now can we get to under that 38.88. OH yeah. IMHO You state 35. Well it could be the 34.02 is never touched and then 35 would be the area. Yet as a long who wants CALLS and on the extreme I must seek the extreme to get the opportunity I want. Otherwise the RISK is to high. Thus I need an under 34 and eating up some time to cause others to fret and worry about under 30 which is NOT going to happen. Just as BAC is not going back under 6. But as previously posted there's a gap UP in the 8's. And that can be supported by a 8.28 ish. Meaning that COULD happen.. Back to Jpm So although JPM was in the 46 area this year many focus on that number where in my view t it is but FLUFF. Had it taken out 48.60 and held then that would be a number I would consider but it DIDN'T! That number would cause me to consider different sequences. Again it didn't happen just as spx 1486 did NOT happen and why I leaned back to the 1300's. As we know that has happened. So although as a long I have a 60 TARGET for JPM. and that will be hit LONG TERM. Here and now it's the game from where do we base to then lift to move towards that number. Thus we began from the 29.16 and completed an A B C stopping at the 43.74. Again all above was bit ripples for another wave but TIME ran out.. Could have continued for an D E but we didn't. THUS the retracement. And from where do we plot that retracement. The 14.86 area where it began it's run. Or the 29/16 from where it gave it all back. HMMM I'll use the 29.16. So now we back track aka retrace. Not enough weakness to take it back to the 29.16 pivot I use. But there is enough to drag it back to the 38.88 and that would be a A down...so can we shoot for a B. Given the view of the bell curve sector and the specific sector we are in. and the bulls eye on JPM. Well I'll HOPE for the under 34. IF it happens I'll take 37.5 call leaps and then expect the return to 43-46. While here you are spot on RE BAC. Keep in mind it came down from 16 in 2011 due to NOISE. None of it's concerns were a surprise. So it bottomed near the 4.86 to do a full retracement from the 20 ish. So now we begin again. 9.72/14.56/19.44. Throw in down from 11.34 expect that to be filled once we take out the 10.10 and then move towards the 14/16/19. Nice move up from the 5/6/9. Yet longer term expect HIGHER and the 24/29/32. ALL very possible in time. So yup stay with those banks but do expect some swings. That is what causes many to MISS upside but also to not EXPLOIT downside. It's that downside exploitation where the greatest opportunities come. IMHO Fintas.