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

To: Fintas who wrote (52101)	6/20/2013 10:20:33 PM
From: Gary105	Respond to of 220477

Why not bounce from 200 d MA of 1505 ?

To: Fintas who wrote (52101)	6/21/2013 12:36:04 AM
From: Joseph Silent	1 Recommendation Recommended By GROUND ZERO™ Read Replies (3) \| Respond to of 220477

If you want to keep selling into the 1400s you certainly can. No one will stop you. I think this correction ends in the 1500s (and my best guess is in the 1540-1550 area) and the move higher will resume. The bull market will end, but not yet. Time will resolve it for us.

To: Fintas who wrote (52101)	6/21/2013 9:50:05 AM
From: Fintas	1 Recommendation Recommended By dealmakr Read Replies (2) \| Respond to of 220477

Ok this is what I have been attempting to explain or in fact teach for those who are willing to learn to look at things a bit differently. ANYONE can see the same ol same ol. That exists thruout all businesses. It's being able to see what others do not see. Whether by choice, limitations or other is the unknown. IF you take 1620 and count DOWN using 162 what will you see. Pull up that pnf. So we can see how it looks with the 486 and why the 1944 is coming. ONE DAY. NOT HERE AND NOW. What is not understood how far could we have gone from where we just came off the 972. Yes we got to 1458..pushed the 1470 ish.. RETRACED to teh 1340 ish.. MOST DIDN'T EXPECT that. They were too busy looking UP and not being realistic to COUNT. So the spx retraced and THEN .UP again THRU that 1458.. .PLEASE NOTE THE SIGNIFICANCE OF 1458. Whether from a pnf or basic charts. So we pushed up to the 1620.. YIPPEE but we did it from a higher pivot and were extended using smaller boxes. So the other points up to the 1687 were just counts. Those who were doing the here comes 1700 were a bit too enthusiastic given we lifted from 1340 ish. Just as I would if I said I was going to lose 50 lbs in 3 days without some drastic harm to limbs. So as you count down..the sequence of numbers for the 162 means we go to 1458 from 1620. Yes it will BOUNCE before hand.. Yes it could bounce at the 1505..BUT the sequence would be INCOMPLETE. AND when you look across other spectrums that 1458 is there. Want to raise it as some have to 1462. OK. But that's still under 1500. HOWEVER, keep in mind I've a very strong FA background. I understand NUMBERS.. I can reada balance sheet with the best of them or cut a part a budget. My works says 1458 is just a number as we go lower. MOST are NOT seeing lower YET. SOME ARE.. MOST are NOT. I'm ON RECORD. 1300's are COMING That number is ALSO coming unless they work thru the night to do something to change the IMPACT of what is coming to the FA. Hope it helps and again to not clog this board you can go to the PM to discuss what may cause many annoyance. Especially when the numbers get hit. SMILE OH how they hate it. ME? I would just go with the fow and exploit it. But what do I know. Fintas