the march to 6200 continues … an important UPDATE 03/21/2017

03/21/2017 – update

if you look at the chart below … you’ll see the blue arrow measured move from the 2002-2007 hit pretty much spot on ….

I add this to the “march” to 6200 because, well, I still think that is the target.

as for my followers – YOU know that I hate to give you the ‘could have’ and ‘would have’ and ‘should have’ w/ technical analysis …I have been pretty busy over the past month.  So, I hastily sent this to a few friends around the banking index in a moment of free time….. the reason I’m showing this is two fold:

  • PATTERNS are all PROBABILITY ….
  • the BANKS lead us UP and they lead us down …
  • I really really don’t want to show anyone the world of ‘could of’ and ‘would of’ and ‘should of’ … but do want to give some heads up ..
  • just trying to help folks …

The “greatest gift is gold ” U2 ….

Use a stop.

Good night …

B




 

________________________________________________________

perhaps 5866 stops it but folks .. we have a perfect sell PATTERN at/around 6200 ish.

also, note the to cycle that got DESTROYED .. this puppy has some more juice.

short term – 3-5 pullback for a couple months then higher to tag the upper target?

anyway – here’s the picture … UP UP and AWAY.

just buy, the market will NEVER GO DOWN and IT ALWAYS GOES UP!  🙂

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11 Comments on “the march to 6200 continues … an important UPDATE 03/21/2017

  1. Dear Bart,about the KBW chart,do you think the period of the correction could starting now till for example september of the current yeat or maybe in a minor period of time?Thank you

  2. Hi Bart,

    Firstly, thanks for all that you share; I find your analysis fascinating.

    Your email mentioned “pivots for the Dollar, the EURO, the POUND, the Banking Index, MMM” but I do not see a chart for the Pound. I would really like to see your current analysis of Sterling and should be grateful if you will kindly post it.

    Best regards,

    Barry

    • You are so very welcome .. my grandfather was born in Lucca and my daughter (oldest) had the opportunity to study abroad in Florence. MY PEOPLE! 🙂

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