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To: Grandk who wrote (33105)12/29/2018 12:26:28 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (1) | Respond to of 41435
 
This we both agree. Down is coming.

Bigger picture IMHO as I consider that 2940 SPX high is that it's going to be awhile before that one is seen again. On the good news is that distribution curve moved up a point to the 17 and can move into the 20's. The bad news is that it's not done going lower than the recent 16 and even when the low is seen the LOWS in most equities will come later after it's bounce, retest.

That takes TIME.

So those diving into a JPM at 100 thinking OH BOY this is it.. NOW on to 200. NAH.. Not yet my friendly longs. Ol JPM has a destiny with 81 at minimum and then we get to see if the 72/64 are seen.

IMO

Fintas