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Strategies & Market Trends : Zman Market Timing
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From: zman6910/10/2013 7:20:56 PM
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In e-wave parlance the decline from 9/19 to 10/9 was wave 1 down. Today's rally is wave 2 and could possibly last a few more days and up to 1700 SPX.

Once this wave 2 concludes we should see a wave 3 down which is the point of recognition where the Zman 9/19 top will be revealed as the start of a bear cycle.

Be aware that this wave 2 could possibly drag on for a while. One possibility is that if wave 2 is a complex correction it could drag out as a large choppy range between 1600 and 1700 for several weeks wearing out bulls and bears alike as Debt Ceiling "negotiations" drag on, before it finally breaks down.

Only a close above 1730 SPX will invalidate the 9/19 Zman top bear market thesis.
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