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

To: Seismo who wrote (51322)	6/5/2013 11:32:45 AM
From: Fintas	Respond to of 218383

If it does get hit and it could as they stretch the strings on the smaller value boxes if one is doing so to go long they best be nimble for the larger value boxes using PNF are in control and that would support 1602 1594/1586. As this plays out there will be many chances to step in as we continue to drift down until the retracement is done. Still way to early but one can bet there will be those who will try to support their positions and come in at the 1609/1602 etc. As we flip on a bounce I'd be watching the 1.62 and the 4.86 value box as to how strong the bounce. The 1.62 will give the fast pace and a 4.86 can do such. BUT a 4.86 would say ok 14.58 points UP of 19.44. that doesn't sound like much % wise but using the 1.62 that would mean 12 boxes UP. A pnfer should be able to see what that means to the bigger picture. A BOUNCE. NO MORE NO LESS. A little helper. 1612 to 1646 is 34 points. It is DOUBTFUL that 1.62 can bounce that high. 6 x 4.86 would suggest 30 points and that's a 1642. UNLIKELY. Maybe 4-5 4.86 boxes and that's 22-25 points off the 1612. Reasonable but ONLY if we hold at 1612. That 16.12 can easily be 1609 or 1604. Regardless after the bounce 1588-1556 are coming. Expect it and one will not be surprised. IMHO Fintas