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Strategies & Market Trends : Zman Market Timing
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To: zman69 who wrote (259)10/19/2013 1:02:22 PM
From: Fintas   of 15903
 
I never concern myself with any two day or week movement for things can be manipulated and have been in the past so why not in the future? Here and now the thugs manipulate the upside. After all they want to show everyone how good the market responded.

What I look at is what are the numbers saying and I'm sticking to mine. I'm NOT seeing what you are seeing re breadth. That's why that bell curve is constrained at the 64 ish. That's why the near term momo is rolling over.

So whether we pushed to 1756 doesn't matter to me nor would 1762. What matter so me is 1944. That's why I put up the 108. In fact I looked at long ago and discussed it with my gang so we could see HOW high to see HOW LOW once it turned. Keeping in mind the 54's call for a 1782. To get there ya got to get passed 1756. And to get to 1944..Well that's not happening with so many indicators at areas needing to roll. Whether it be bp spx at 87 and a 90 peak or a Nyse doing similar.

So come monday/tuesday and thru the month. I'll be looking where to exploit from my generous longs. Sell a covered call? Buy a spx put. Sell a covered put against a put. So many choices to do at record highs.

Until that 1944 happens 1458 is a LOCK. And 2014 is as good as any year to get there. And what I'll do is. HMM well I've already been doing it. GIGGLE.

Oh and for the guy who is lurking or your buds, you can write that number down as I suggested you did with 1220 POG against your 1335 POG bottom. You were wrong then.

You will be wrong again with the spx as you have been for the last 5 years and dow 16k. One of these days you'll get that dow 16k. Just as one of these days you'll get your POG 3000. Until though you can pretend..

Fintas
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