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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (9957)	1/19/2013 10:01:47 AM
From: Fintas	Read Replies (1) \| Respond to of 41060

It's not a break point. It's a number. I run many numbers. They fit sequences in both directions. If one understands fibs as many do then it's similar. If one understand fibs as Da CHIEF does then it's then takes it to a micro view. Throw in something similar to the clx. Sit back and look at it as a puzzle and the conclusion will suggest THIS is possible UP, this is possible DOWN. Here and now the close and hold of a spx 1486 just says 1270 becomes very unlikely and the 1296. But spx 1305 is still there. That's not being bearish. It is just seeing what can be done or not done. ON the flip side 1512/1520/1540. But until I can't see 1300's that number remains. BUT that doesn't mean I'd sell core. HARDLY. It means I would exploit a buying opportunity in an equity. So if your a long. FEEL GOOD. Just don't get giddy. Fintas