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


To: GROUND ZERO™ who wrote (66483)12/10/2014 3:21:57 PM
From: Fintas  Read Replies (1) | Respond to of 221122
 
GZ. I meant to put this up earlier as an add to our conversation but I caught a call from abroad so it's now mute

What I was going to say that for the experienced pnfer that rally yesterday that should have established a turn UP HAD we opened up didn't happen as per the rules.. BUT it DID happen in reality.

So the pattern is skewed. It should show the move up towards the 2059 ish..

But instead this AM the downside kept in place and that told me this 2028 could be considered.

More importantly what CHIP and you present towards the 2000 is likely.

What is not seen though is as it does rally again.. Many will not understand that was done.. Thus the push up to 2058 is not LIKELY

And any rally will cut down under the 2000 to chase Chips 1950 and go lower.

A simple way to see it .. 162 POINTS down and whether one wants to count from 2026 or a fanatasy hit of 2080.. That's less than 1950.

Additionally tha bp spx supports lower numbers.

So have fun.. pick your spots on the turn but ms market just slipped and broke a hip technically.

IMO

Fintas



To: GROUND ZERO™ who wrote (66483)12/10/2014 4:14:38 PM
From: Chip McVickar  Read Replies (1) | Respond to of 221122
 
TP on the Open for tomorrow - dec 11

I'm looking for 2005.76

Yes, I see the bearish wiggle

Also, I see an 11 day pattern over the whole top formation... back into November

Price is only down about 3%... no bigie