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

To: Ms. Baby Boomer who wrote (32477)	11/15/2019 11:05:01 AM
From: Winfastorlose	2 Recommendations Recommended By mary-ally-smith mattstat Respond to of 34822

LOL. Well at the very least, you stick with your crazy bearish calls, no matter how underwater they are. I'll give you one credit for stubbornness. Looking back, I figure you now need a crash of 2008-2009 proportions just to break even.

To: Ms. Baby Boomer who wrote (32477)

11/15/2019 12:25:46 PM

From: Fintas

1 Recommendation

Recommended By
toccodolce

Respond to of 34822

CRASH is a strong word.

I prefer the words a healthy retrace.

The question is what will that % be and from where.

This is the 108 VB.

As one can see it allows for the 3132

And as stated one can also see the 3240.

BUT.. When one drills down to use smaller boxes then it should be gleaned that this move up is extended.

So the question would be if one were to conceded the 3132

Then counting down 3 boxes would be. In this case that is 108 x 3 or 324. Which would be that would be a shoe in for the 54 VB which was but 162 points.

That's what I'll be expecting and watching.

On an aside tis a good thing the market is worried re impeachment for it it wasn't the darn thing would be 4000 SPX. WINK

So here and now the optimistic should not just consider the upside but also see the possible downside to the 2916/2808 and yes the 2700 area. The higher are very reasonable for a first leg down.

BUT on this day, the money keeps coming in. Boy are they scared. NOT!

Fintas

	15	17		19
	16	18
3348					3348
3240					3240
3132					3132
3024				7	3024
2916		8		4	2916
2808		X	O	2	2808
2700		1	O	1	2700
2592		B	C	X	2592
2484		7	O	X	2484
2376		3	O		2376
2268		C			2268
2160	O	7			2160
2052	8	X		•	2052
1944	O	X	•		1944
1836	1	•			1836
1728	•				1728
1620					1620
1512					1512
	15	17		19
	16	18