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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 687.70+0.7%Jan 5 4:00 PM EST
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To: GROUND ZERO™ who wrote (45819)2/8/2013 9:27:36 PM
From: Fintas1 Recommendation  Read Replies (1) of 221325
 
What I learned with decision point PMO is that when it rolls it's not brief and the outcome is usually deeper than one thinks and takes more time than one considers before the bottom is reached. Here and now where we are starting from such a high point I am expecting a drop, a bounce and then down down down and under that zero line. .

The decision chart I've been looking at for just the spx with a shorter time line shows we are close. VERY VERY CLOSE Whether we do one more touch and go (my terminology) or finally roll under we are near.

Then we will see how it plays out. As I stated it is usually deeper and ends up finishing UNDER that zero line and as it finishes there's a bounce or touch and drop, eating up time until a touch and thru.

I'm comfortable the zero line will be breached. The depth is the unknown and the time under. That is why I have given consideration to some lower numbers than most. My work considers the depth and it's supported by strings, sector position,, rs and starting point. Meaning if I were on the 2nd step how far would I fall. But we are at the 11 th step of a 12 foot ladder and I'm trying to step up onto that 12 step. Very simple analogy for those who want to see it. Those that do not . OH WELL.

So the question is as I have pointed out. WHO FEELS LUCKY. If you do and are so sure this market is going to zoom to 1900 this year. How about paying me 28 for my JDSU now.

Fintas
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