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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (2323)11/23/2014 7:21:45 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 26808
 
Yes, but goodness, I'm not at all suggesting 1050, I'm only saying that 1050 is at the bottom of that chart... I may end up going long before Monday is over, who knows... on gold and the miners, I fully agree, there's no real life in those markets yet and the dollar is still moving higher, I'm long the dollar...

GZ



To: Chip McVickar who wrote (2323)11/23/2014 11:32:30 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (2) | Respond to of 26808
 
FINTAS DISCLAIMER. IF YOU DON"T LIKE ME .. DON'T READ.

I'm no bear. However I am a bull that understand 2007 and a 54 box that was extended and here and now DITTO.

Here and now I've got a bet going and it appears you agree with MYTH MAN and DON W who appears to agree with MYTH MAN with his calling me STUPID OR was it CLOWN or was it CLUELESS and often a LOL. GUY has a limited vocabulary. Regardless..

Ya know I'm the stupidist guy I know. I wonder if DA CHIEF will one day explain how this STUPID GUY hit POG 1174 and he was stating it wouldn't go under 1335. I realize everyone loves their own particular work. Yet I'm not that arrogant to call another STUPID after missing the TOP in GOLD and then the BOTTOM.. OR MISSING the TOP IN 2007. Be that as it may..

I say using the 54 value box will retrace 3 boxes and that 162 and given the height that will lead to 200 points down minimum. Whether we continue to 2080 or 2100. It's all about where to count that 54 down from as well as the 108. Ya hit that 2080 and that's 324 to turn it down from 2080 and as my work below suggests that would mean even lower. NO NOT SPX 1050. Most know my downside and the steps to reach it.

That means given the counts I use.. 1890/1836 will be hit. That is lower than your 1950..

Additionally with the BP SPX now rolling over from the 94 into the high 80's. While there's a chance of some rallying this week due the holiday..

I've watched that info for years and every time it rolls down.. It eventually ends much lower.


Given I'm suggesting it will eventually end in the TEENS..

For that to happen the BP SPX now in 69 area that ended at 38 the last time on the 1820 ish will drop lower...NOT straight down but in steps.. And I have a 25/16/10

What's that mean.. That SPX is going a lot lower than that 1950..

Myth man will lose that bet and you are welcome to your view..

What about my core. I implement accordingly. I'll be selling covered calls on my MSFT as soon as I see x be hit.

Have a good one

And if ya are going to be buying. Make sure it's not crap or very extended.

Fintas