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Strategies & Market Trends : Zman Market Timing
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To: zman69 who wrote (55)10/10/2013 12:33:14 PM
From: Fintas3 Recommendations

Recommended By
ONEGOAL
toccodolce
zman69

   of 15903
 
Zman, the problem with the cheerleaders is they won't give you back your money when they are wrong.

Whether it be not realizing Apple peaked at 710 ish

Gold at 1917 ish

ETC.

You've been spot on.

And the problem with most sucker punches is that most never see it coming.

So this is a bounce as you have suggested. It has it's range.

When it is done the downside will come as those how understand FA sell to those who get foolish.

What I observed yesterday as I considered the bounce you saw, was geesh.. Ok so it bounces, it runs into a wall at x re bp spx and then it comes down. But it doesn't take as much to put in the break. PNFERS take a look at the bpspx if you have DW and fist look to where it can move up. Then down and look what happens when it breaks that down..

RUH ROO.

I'm with you on let's keep it objective. It's why I don't pump GE to 50 this week. No it will take 2-3l years for that to occur. As a long I try to keep it real.

And for some REALITY. APPLE under 500 is along ways from 700.

POG at 1300 is a long ways from 1900.

So let's put a count to all of this.

18's kicked in at 1666. A 1648 clean was needed to get to the 1626. Does the number sound familiar. It should. It's just about where it stopped before the Fed decided to not do the taper cut.

So to the flip side 1666+18=1684.. And one x. Then it needs a 1702 for the next x. BUT many of the smaller boxes as in 1.62/2.43/3.24/4.86/6.48 will be STRETCHED.

The near term momo will have turned up and begun to run out of gas..

The bpspx will have turned up to form that wedge and then DOWN.

So kiss 1900 goodbye for a long time. Ditto 1786.

It's going to take the world to stand still and ignore the FA, debt issues, taper concerns etc and that's not going to happen.

That's being objective.

Be well.

Fintas
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