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


To: Fintas who wrote (32096)8/8/2019 12:55:56 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Respond to of 34823
 
Remember 2916 is a number I consider as a milestone. That is 972/1458/1944/2430/2916. Above it would be 3402.

BUT here and now.. 2916 was breached to the down as we just saw. Granted we didn't get 3- 54 VB of 162 from 2916 to get into the 2754. YET.

So counting up one can use the 2916 to determine well.. 2916+54= 2970? Is that doable. And above that would be 3024.

OR will MS SPX stall before that 2970 or will it push 1 or 2 18 VB to go to 2988/3006 and STALL to then continue down to complete the 3 box reversal of that 54 VB to the 2754? TWT

Given what I'm looking at re indicators there's plenty of room to go lower. So don't get too giddy with a required bounce of the near term momentum.

If buying a stock one best make sure the companies FA are very strong for many stocks can take 20-30% hits and STILL BE WAY ABOVE the lows of 2009. Although I find it amusing as many whine about some small pull back in the SPX. I mean hello it was down in the 2350. That's a long ways from 2900. WHAAAAA.

So MSFT could pull back to 114 and still be well above the 65 area of apprx 2 years ago. Just saying. Keeping in mind that at one point I thought 65 was possible. Here and now tis VERY VERY UNLIKELY. But 114.. YUP

Fintas

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3070.00 3070.00
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2990.00 XOXO2990.00
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2960.00 XXO2960.00
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2930.00 XOXOXOXOMid2930.00
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