for many reasons I believed and still believe the spx is not arrived yet to its final target. I have no mechanical systems in my hands, nor mine or provided to me by someone, so I just look at the whole picture Europe-America together and their respective patterns which have to be on the same side of the underlying LT trend to help me make enter a long trade or a short one. Well, actually Europe seems to be waiting for its QE besides for the greek tragedy to be over (read the elections), before launching the final bullish leg of this old long bull trend not yet finished. Recently, more for fun than for any other reason I have been following an spx analogy which was not that bad to say it all. I have corrected the previous path I projected in its last part, considering also what's going on in europe and the current path, if the analogy holds, is in the link below.
spx
nothing is for sure and that is my personal interpretation, but...........I hold my long positions in the milan stock market as I believe the bull is not over........anyone else decide on their own.
Best
Edited by andr99, 14 January 2015 - 03:35 AM.
