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

To: Chip McVickar who wrote (50981)	5/30/2013 1:54:02 PM
From: Fintas	3 Recommendations Read Replies (2) \| Respond to of 218924

That's the problem with things that have boundaries. It is hard to see past them. The strings go back to the beginning. They have ranges. The reason you are not seeing as low is because you are not seeing from where that range began. To see a 1900 gold when it was in the 300's required seeing beyond lines into the future. Da Chief did it well. Da Cheif saw and sees well beyond 1600. He has eyes that see beyond lines. To see how far something can drop also requires understanding from whence it came. Although we rose from 666 ish. I hate that number so I'm saying 667. But it isn't from where we rose. It is from where we didn't drop. We did not drop to 486. We did drop to 972 and a sequence of the 486 under. or 162/54/54 etc. THUS I do NOT count from 667 but 972. And above that is 1458. A sequence of 162 so let's call it a A. 1620 is but 162 from the 1458. The 1687 is but a 54 and a sequence of such from the 1620. And lets call that 54 an a b c or 18x3. The question would be WOULD 1786 be hit. If so COULD 1944 be hit. 1786 would require another 162 or B. 1944 would be a TOTAL of 486 of C Given the count from 972 that would be very unlikely to go to 1944.. I'd go as far to say near impossible here and now re 1944. ONE day YES. BUT NOT NOW. Yet 1620 etc was possible. BUT it too has a range that needs to be completed. It has not been and is now subject to reversal. Since the sequence I use I plot against pnf as you would a channel/pitchfork etc. That count says to me the count drops from 1620-162=1458.. Now some will say no it will end at 1620-54=1566. Or some will say no it ends at 1620-108=1502. You are seeing the 1525-1555. Which would work for the 54 from 1620 and another 18 and a 6. But that does not work re the pnf count. Why? Just as I have to complete a sequence UP to get to the 1458 or the 1620. So too I would have to complete a count of 162 on the way down or 1458. For that 1458 to NOT be hit we have to go HIGHER. AS in 1944. NOT here and now. So I don't concern myself with the HOWS. I do monitor FA, world events. I do look at the counts and what is and isn't possible. 1600 is VERY PROBABLE. So too the 1555 and so too the 1520/1512. Those are EASY to see. What is more challenging is to understand how it goes lower. If one remains objective and simply forgets counts we were at 1450 back in Nov 2012 that took us to 1340 ish that few could see how we would get there at that time. Yet it was in the count and proof is in the pudding. Yet if we were simply to retrace to the 1458 would that be such a biggee. NOT when we consider we rose from 1266 ish last June and 1450 ish last NOV. Now from a fundamental view, let's see it clearly. The fed has been full throttle now for months with the latest QE3. Yet the best we can do is a 2.4 gdp, 175k jobs creation and 7.4% unemployment with the FED FULL THROTTLE. And what is the fed or admin going to do to COERCE companies to hire. What will they do to COERCE companies to build? And what happens when the FED is COERCED into pulling back on that throttle. It will not be because they want to but they will have to do. Bottom line.. I'll see ya at the spx 1458 and shhh lower. The 1458 is a safe target as was Apple 448. 1525-1550 is a give me. MOST will not see it. OK by me. MOST didn't see 1620 as they clammored about spx 950. Hope it helps and if you find your eyes crossing that's ok. I understand it and that's what matters. Fintas