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


To: NOW who wrote (50235)5/15/2013 10:31:56 AM
From: Fintas1 Recommendation  Read Replies (2) | Respond to of 218675
 
Geesh this sounds personal. RE: what would it take for you to admit you are wrong?

THERE are MANY who see a substantial pull back. Are they wrong? Time will tell.

Now to answer you or others directly. What would it take to re consider.

It would take my targets to not be hit. Keep in mind I've considered UP. And off that UP I consider DOWN. That method is done on the flip side. Here and now we are just completing the UP. It will end soon. Then we flip to the downside. I've stated often this is going to take TIME. UNFORTUNATELY many a LONG will pay to HIGH for their equities. That is confirmed by the many sectors and charts I look at within those sectors. TOO many sitting at 18 boxes UP. Those famiiar with Point and figure understand that pattern has the same response as a pattern that is 18 boxes DOWN.

By the way MSFT declined some 37% some 12 times on it's way to it's peak. What's that mean? Healthy declines are part of a process in a GOOD equity.

Healthy retracements are part of a process in a SECULAR BULL.

If you read very closely I've covered upside and downside yet to be specific I expect MINIMUM 10% Yet more importantly I've provided pivot milestones to help ignore what I refer to as FLUFF.

Yet let's look at it from another point of view. If YOU were using Fibs what would you be looking at as a probable retracement from a time line of 3 years. 24/38.2/50/61.2/78.8?

Or once again look at the spx using 162/486 and pnf. What do you see?

Run some % down and what do you get?

Finally if you wrote down the sectors I've presented and you look carefully what do you see.

And for those who do have a service to DW, if you went into each sector beyond 62 on the bell curve and looked at each indicator they provide. What conclusions do you arrive at re each sector.

NOW finally if you were to consider how the economy is doing, what the fed is doing and what the world is doing? What do you think.

I know what I think. I'm buying PUTS on the SPY and have stated such.

As stated I took MORE yesterday.

So here and now, yup I'm very confident.

Not concerned about small % up. I am concerned about buying the wrong equity that will pull back. How's that apple doing some continue to push ?

Are you watching GOLD. Did you notice WHERE it failed.. Did you write down what I presented for the bounce and what to be watching re what was hit and what wasn't. Think I'm surprised it has dropped?

Fintas