SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Zman Market Timing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Fintas10/9/2013 12:05:34 AM
2 Recommendations

Recommended By
cmhj2000
toccodolce

   of 15903
 
Lehman.. why do I get ill when I hear that name?

Oh that's right the exec had multiple chances to get out of the poop but chose to get stupid.

So let's think about a few things.

Yellin or no Yellin that's not going to help in the near term.

There are those times when one can bring in Rambo or Joe Montana and it won't do any good.

There is a process going on and it takes time. The political noise is just part of it.

So let's look at a few details to help understand DIRECTION.

Bell curve avg dropped a bit to the 62. ish. Long ways from 35-40 It's going there. And to the HOW DO I KNOW. Experience.

Bp spx dropped a tad into the 74 area. One it breaks under it's base say hello to lower numbers. That can happen quickly. What I'm focussing on now is if things are worse than many consider then the down will be more extreme over TIME. Meaning what could be worked out in 2014 could stretch into 2015.

The near term momentum continues to roll, so too the 10 week and 30 week.

Looking at the numbers and using some sequences, let's be objective. Returning to the 1626 area is no biggee. Those who use strings also understand the significance of 1620 and 1458.

BUT here is the detail to consider. Listen carefully for I presented this to the GOLD bulls and they hated me. HMM what else is new.

But the fact is the WEIGHT of the data is bearish.

You can have hopes and dreams re a rally. You can support it with lines and fibs, waves x's and o's.

But when the WEIGHT of data says DOWN. Don't ignore it.

Again, near term, 10 week, 30 week, bp spx, rsp, rsx, bell curve all POINT DOWN. I.E the WEIGHT OF THE DATA SAYS DOWN.

So where is the good news.

Zman is cutting edge and saw it long ago. That means at the right time he'll see the UP long before many others do. Kudos

Fintas

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext