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Strategies & Market Trends : Zman Market Timing
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To: Bert who wrote (72)10/13/2013 9:44:07 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

   of 15903
 
Actually if you had access to Dorsey Wright's bell curve avg you would see that bp prec and bp metals are the two lonely sectors to the left of the 50. PM is in the 15 area. Yes it looks sick.

Metals are in the 20 or 30.

Yet there are a couple ways to look at this.

That means the majority are to the right and the avg is in the 62-63 area. MOST of those sectors are not as strong as they look and are soon to roll left and that will cause selling and bring that bell curve from 63 to 55/50/45/40-35 which is an area I project.

And that will take spx down to 1450-1350 with a 2014-2015.

As that is happening BP PM should begin shifting RIGHT. That means there should be a rally in POG.

But here and now the BP although sick can still travel lower to the left and that is where many should be careful. Just because a sector looks tired, sick and washed out doesn't mean it can not go lower.

BUT..at some point PM will move RIGHT. But POG could be moving right from 1100/1020/972/810 before that happens. I'm on record for 1174 POG. I'm very comfortable with that number. What I'm not comfortable with is where is the BUYING.

Be well

Fintas
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