Zman Market Timing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Fintas	10/16/2013 10:00:57 PM
	of 15903

Here's some fodder for those who like to consider more than one sided views. IBM got hit today. Yet here's the detail to consider. Although there's an area for a bounce in that 174 ish. There's more to come to the downside. I realize that many will try to do the not to worry buy it on the dip. Only if one doesn't mind watch it make it's way to the 162 with a possible 145. But wait if IBM is missing is it only IBM that will miss? The bell curve didn't do much. The Nyse hi low dipped a bit. And some of the near term numbers bounce a bit. Yet the lean is down and I stand firm on DOW making it's way to 14580/13608. The SPX bp spx bounce a bit to the 76 and change but here's the problem. It needs to take out 82 to break up. But with a BP near term bouncing off a near term low to now approaching an area of resistance, it's going to be very difficult to take out that 82. VERY DIFFICULT!!!! And that will cause that bp spx to roll and break down thru that wedge. That'll be the kiss of death to the spx rally. It's there and any who have access to the DW data base can see it. Understanding it may take a bit more. However, I'm not here to hustle anyone. Just pass along the details. A look at the Bell curve avg is like looking at a who's who of sectors. Cept they are all too far right and as I am presenting what's going to keep them up. Yes we know the FED has that open check book. That will soon close regardless of those who say it will be open forever. Does any one really thing the Chinese area stupid. I don't. They understand what was just done and also understand who's been helping out with 85 B a month. Yet who really thinks we can add another 1 trillion. Not me. While here BP PREC had a little life in it today. So we shall see if it's real. Finally with the new direction of SI it's apparent some are trying to carve out a niche. That's ok. Demeaning others is not OK and from where I sit. the game is about clicks. IMO Fintas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next