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 …
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! 🙂