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


To: mattstat who wrote (31541)5/4/2019 12:33:36 PM
From: Fintas1 Recommendation

Recommended By
Ms. Baby Boomer

  Read Replies (1) | Respond to of 34823
 
Very good MATT. Now you add some specifics versus just saying crapola.

OH and KEEPING IT REAL to you and MANY who yak about numbers. I put up a chart of the SPX that clearly showed the SPX was at 2872 in Jan 2018. It recently peaked at the 2952? ish. Regardless what is the % from that 2872 to the 2955 ish in apprx 15 MONTHS. If this was a construction and I was tracking completion it would be this simple. Ya started at 2872 you are at 2955. What % is complete. All the back and forth trading is great for those who successfully trade but as one who does understand and accept numbers, I keep it real. THE SPX has NOT done that well since Jan 2018. More importantly it did even worse since your suggestion of up thru 3000 back off the highs of 2940 in AUG 2018. Fact is it dropped to 2350 and only recently after many months has recovered to push a tad up past 2940 to 2955. I could also show many an example of equities that are still down over 10% and some more.

Now if you want to yak about SPX 666 to 2952 ish over 10 years. That's a different story.

While here what's this PNF chart saying re SPX near term momo.

Keep in mind BEFORE it turned down I suggested it would by first hitting the 54.

The BP SPX which was a tad above 76 is now at 71.6. (Chart NOT provided)

BUT if all the lambs are running out the gate where oh where is Mary (BP SPX) going who has to chase them?

Until, Fintas

×

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