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

To: Investor2 who wrote (31609)	5/12/2019 10:30:50 AM
From: Ms. Baby Boomer	Read Replies (2) \| Respond to of 34823

The DOW, Weekly Chart... IMO Triple Top Failure or could be Head and Shoulders Top... barchart.com U can print out the chart and draw a line connecting lower lows... Target = 21,400... Support = 15,500... Fintas and Moi have agreed on 15.5K for a long time... Reference to the Shooting Star was from Investing.com for Friday, May 10th... Moi's technical analysis is based on Weekly Charts not daily Momos.... Cassandra

To: Investor2 who wrote (31609)

5/12/2019 1:14:05 PM

From: Fintas

2 Recommendations

Recommended By
Ms. Baby Boomer
toccodolce

Read Replies (1) | Respond to of 34823

Here's something to consider as you are attempting to decide if that's a shooting star or not.

This is the BP RSX for the NYSE.

It's at 42.27. A hit of the 42 will turn it to O's.

So whether the DOW does a near term rally to some resistance above.

I'll go on record that this pattern is going to TURN to O's and that means the NYSE and the DOW will turn lower after any near term bounce.

How ya play it is up to you.

I know what I'll be doing. I'm looking at every equity I have an interest to decide how far it can drop to doable support levels. EX. I once HOPED for a 44 JPM. NOT ANY MORE. BUT 61? Probably not. 78-81. Very possible. Then I'll decide which CALL and time frame or just do nada. To me ya make the greatest % on serious hits. I'm ok with waiting for such or just passing.

BAC. I still have 19.44 in site and 24.30 is a given.

SDOW. BTD with discipline. I'm expecting that 32 in the chart below to be hit and possibly go lower. The chart is an indicator of companies that were in relative strength X's that will have been turning to O's and causing it's Relative strength patterns to roll over taking the Positive trends with it and all of it having a negative effect on the BP DOW.

I expect the same with the BP SPX and BP RSX and have put up data to support such.

ALL IMHO

Fintas

04	05	06	08						09						10	11	12		13	14	15		16	17		18	19
82.00																																																	82.00
80.00																																																	80.00
78.00																																																	78.00
76.00																																																	76.00
74.00																																																	74.00
72.00																		X																															72.00
70.00																		X	O																														70.00
68.00																		X	O																														68.00
66.00																A		7	A											X																			66.00
64.00																X	O	4	O											1	O																		64.00
62.00														X		9	O	X	O											X	O																		62.00
60.00														X	O	X	C	X	O									X		C	O																		60.00
58.00														X	O	X	3		B									X	O	X	O	3												X					58.00
56.00										B				1	6				O					6				B	O	X	O	X	O					2						4	O				56.00
54.00										X	O			X					O					3	O	X		X	O	X	2	X	O					X	O	1				X	O				54.00
52.00										X	O			C					O			2		2	O	X	O	X	O	X	O		4					X	O	C	O			X	B	9			52.00
50.00	O									X	O			7					O	3		A	O	C	9	X	O	X	O	X			O	X		A		1	4	9	O	X		3	3	X	O		50.00
48.00	5									X	O			X					O	X	O	X	O	B	A	X	O		O				5	8	O	X	O	B	O	X	4	X	O	2	O	X	O	2	48.00
46.00	8					A				A	C	3		X					O	X	O	9	5	A	O								O	X	O	9	O	X	5	X	O	4	O	A	O		2	1	46.00
44.00	9			5		6	O			X	O	X	O	X					C		2	8	6	X									O	X	A	1	3	A	O		6	X	7	X			8	X	44.00
42.00	A			4	O	X	O	X		X	O	2	O	6							4	X	O	X									6		O	X	5	X			2	X	O	X			9	X	42.00
40.00	B	8		1	O	X	C	1	O	9	O	1	O	5							5	X	O												B	X	O	X			3	2	8				B		40.00
38.00	C	X	O	X	B		O	X	O	X	2	4	O	X							O														O		O				5	1							38.00
36.00	O	X	O	X			O	X	6	X	O	X	4	X																											9	X							36.00
34.00	3		A				O		8		O	X	O																												A	X							34.00
32.00											3																														O								32.00
30.00																																																	30.00
28.00																																																	28.00
26.00																																																	26.00
24.00																																																	24.00
22.00