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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (94230)	3/27/2014 8:29:25 AM
From: Fintas	Read Replies (1) \| Respond to of 94695

W.H. Since I own JPM low cost basis.. I will pipe in. I adjusted my upside from the 60 area to 81. In the appropriate time. I also adjusted my downside HIGHER yet not as high as yours. I'm using 11.34/9.72/8.1 and 4.86 and starting off the 14.58. So a 3x11.34=34.02+14.58 and the 58.60. So to 63.46/68.52. Counting down would occur from there. 11.34 would be extreme. 8.1 would not.4.86 at minimum would be 14.58 and that would tie in with your high 50's IF you got 69-72. Yet a 3 box from that height off the extension we have would be uncommon and that would suggest a 4 or 5 box retrace of the 4.86 and that's 19.44 or 24.30 which supports 44-48. If JPM stalls soon then that is very possible. Like I said I own it and I will not sell it..Yet I will use my work to defend it. And exploit any excessive selling buying call leaps. I'll look at JPM later and see if I can tighten it up the ranges with a look at it's RSI pattern of STOCK/SPXEW. A look at RSI patterns helps to keep the numbers up and down real. Fintas