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

To: Don Green who wrote (31402)	4/15/2019 8:36:43 PM
From: Ms. Baby Boomer	Read Replies (2) \| Respond to of 34823

S&P 500 Weekly Chart... Rising Bearish Wedge Pattern from the December Low on less Volume IMO... bigcharts.marketwatch.com Use a ruler to connect the lower lows from 2018... Target = 2,300 or Retest of the December Low.... Cassandra

To: Don Green who wrote (31402)

4/16/2019 11:15:24 AM

From: Fintas

1 Recommendation

Recommended By
toccodolce

Read Replies (1) | Respond to of 34823

Those numbers would have to be lower. Any equity I would buy would have to be at a bargain price OR it's long term call leap would have to meet my criteria. If not. I'll sit on cash. Until I see a bargain. I'm in no hurry. I'm not getting paid for performance or subs.

I don't care about this rally. I presented it off the lows and while doing so considered further down.

So from my point of view what's changed? It's doing exactly as expected.

Ya don't see MU at new highs or AMAT.

Ya don't see AMZN at new highs.

JPM isn't at a new high and neither is GOLDMAN S

WYNN isn't.

IBM isn't.

CAT isn't.

The distribution curve is only at 51 and change.

This one below i.e the near term momentum is still at 58.

All of that suggests to me an index that the glass is near full versus near empty as it was off 666 SPX.

The recent sell off allowed many to come in to catch the BOUNCE. All expected whether it be APPLE or AMZN.

Now we get to see if the fiscal policy and fundamentals will continue to support onward and upward. From what I'm seeing there are misses on the revenue side.

And that's after the FED got nervous and backed off it's policy due to intimidation.

21 Trillion in debt.

Auto sales slowing. Real Estate slowing. LV room rates being discounted. Oil prices rising, gas prices rising.

I'll let others buy.

I will buy the SDOW and SQQQ.

WHEN. I've put up numbers for those with vigilant eyes who understand my sequences and strings..

Be well.

ENJOY