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

To: AdvocatusDiaboli who wrote (29143)

8/18/2017 2:39:48 PM

From: Fintas

1 Recommendation

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toccodolce

Respond to of 34822

WHILE the bulls have been chanting UP UP UP and playing with the index to give the illusion that the rise in the indexes means all sectors and stocks are UP..

HMMM NOT SO FAST.

The Bell Curve avg is now in the 52 area.

I would be looking for the lower 40's.. then probably some rally up but not take out any previous highs to then come back down to the 35 area.. rinse wash repeat till that 24 I tagged long ago is hit to then rally up till drop till the cleansing occurs in the 10-14. NOW that will take TIME and the biggee is just as they can stay UP in lofty areas for a long time.. so can they stay DOWN in lower areas for a long time.

What do I see as an exception.. PRECIOUS METALS.. I will be expecting it to do what it did off of 2008 to rise and move from the 3 ish to the 90 ish. Cept this time it will be from the 20 ish to the 80 ish IMO

So to those who INVESTORS and not the day traders or cycle traders who trade quickly.. Pay attention of find yourself holding IBM from 210 ish and looking at it in the 141 ish saying.. What happened.

Fintas

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08/17/2017
Average Level: 52.73

tran