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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: AdvocatusDiaboli who wrote (28667)

4/22/2017 9:29:16 AM

From: Fintas

1 Recommendation

Recommended By
toccodolce

Read Replies (1) | Respond to of 34802

That data will mean nada when the next event occurs. Those who suggest events do not matter are a bit disingenuous.

Near term they can crush an individual investor that invests in equities and not an index. The examples are many. But I'll just put up one.

Worldcom.

So my fellow bulls are more than welcome to keep looking up.

However this chart of JPM says it is way ahead of itself and more selling is coming. IMO

Fintas

		16			17
99.63											99.63
97.20											97.20
94.77											94.77
92.34									3		92.34
89.91									2	O	89.91
87.48									1	O	87.48
85.05									X	4	85.05
82.62									C		82.62
80.19									X		80.19
77.76									X		77.76
75.33									X		75.33
72.90			•						X		72.90
70.47			7	•	•				B		70.47
68.04			6	O	B	•	•		A		68.04
65.61	•		5	O	A	O	5	•	8		65.61
63.18	C	•	4	8	X	O	4	O	X		63.18
60.75	9	O	X	O	X	1	3	O	X	•	60.75
58.32	7	O	X	O	X	O	X	6	•		58.32
55.89	4	1	•	O	X	O	X	•			55.89
53.46	X	•		O	X	2	•				53.46
51.03	•			O	•	•					51.03
48.60				•							48.60
46.17											46.17
43.74											43.74
	14	15				16			17