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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 (64850)10/8/2014 5:38:31 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222364
 
At the same time, we could still see a decent rally from around here... this market has a way of fooling almost everyone... maybe yet another rally to the 1950ish level before the hammer comes down again...

GZ



To: Chip McVickar who wrote (64850)10/8/2014 9:22:07 AM
From: Fintas  Respond to of 222364
 
1944-54=1890 ( to the flip side we just saw 1944+54=1998 and 1999 + 54= 2052.. NOT YET)

1890-54-1836

THUS the 1836 is not hard to see and for me accept..

Looking at it closer.

RE that gap UP you mention. I have been assure it was a RUN AWAY GAP by a self pro claimed expert who is about to be proven WRONG again.. Ya don't put up RUNAWAY GAPS at record highs.

Once that gap UP is filled.

Don't look now but there's one much lower in the 1730/1650 area.

Since 1836 is just a number I put up apprx 5 months ago when the spx was in the 1900's back then and hmm got myself banned for presenting clutter. I can say.. with CONFIDENCE OL SPX will be filled again for the rally off such had NOT a THING to do with FA but was goosed.

So

1836-54= 1782

1782-54=1728 a number a handful have presented

1728-54=1672

1672-54= 1620 Oh by the way that GAP UP will be filled.

And let's understand 1620 was where we were last year at thsi time and again goosed up because of the DELAY of the taper.

So what I'm saying is have fun with the swings.

BUT I have presented the BP SPX is soon to touch the 58 and put in a break. That break will lead to a 42.. For those who do not understand those indicators and only rely on pure TA.

Ya don't get to 2240/ 2420 SPX with an BP spx breaking at 58 and heading to 42. Ya can hope the hell out of it.

BWDIK.

Have fun trading Chip

Fintas