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

To: GROUND ZERO™ who wrote (49150)	4/21/2013 4:22:42 PM
From: Fintas	Read Replies (1) \| Respond to of 219293

That PMO used on Decision Point isn't looking so rosy. Granted it also allows for a bounce but I wouldn't be expecting NEW highs. I would expect any bounce to fail and continue..DOWN..DOWN..DOWN bounces along he way until that PMO drops UNDER the mid line to find it's bottom to bounce to drop to eventually go up to challenge that mid line to drop to bounce and up thru. As you are aware that takes TIME. That says to me. SEE YOU in the 1300's. First 1512 goes, then 1458/1405 and bye bye 1400's into the 1300's.. SMILE Oh additional work I do with strings, sectors, fibs support we go lower. Like I have said. GRIND GRIND GRIND.. The Spx chart will not look pretty as this moves along. Even so the downside I consider is NO BIGGEE for the long trend that will EVENTUALLY move back up to EVENTUALLY take out the 1900 spx and higher. The emphasis on the word EVENTUALLY. IMHO Fintas