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


To: Gary105 who wrote (94296)4/28/2014 11:50:14 AM
From: Fintas  Respond to of 94695
 
Gary..all one has to do is look at those larger value boxes and consider 3 box reversals and one can get an idea re depth.

Throw in that what you present re the Amazon's and others is just part of what would be considered re the selling of the bell curve and as that was happening trigger many an indicator.

As you are aware I put up a 1458 spx for 2014 in summer of 2013. Keeping focus on 972/1458/1944. Many think the down will be limited to the 1620-near 1944 area. Yet if you pull up those boxes and plug them in and consider other variables it's not hard to see the 1458-1944 range knowing 1897 is has been the peak so far. Yet also understanding one look at the 121/108/97.2 Any times 3 gives a feel.

I also put up the 14800/13800 for the DOW on the first try the 16200. The 14800 was hit last summer. While doing so understanding 15714/16200 and the need for 16848 to go before 17k. I think we yakked about it at one point. That means 14800/13800 are still in play.

Glad to see you aren't getting caught up BTFD. The catalysts will be known at some point for the down. Whether it is world events is yet to be known. BUT....as one looks at many indicators one can determine selling is occurring in many a sector and the stocks within those sectors. Specifically, software, drugs, internet, retail,

Be well.

Fintas