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Strategies & Market Trends : Zman Market Timing
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To: zman69 who wrote (202)10/17/2013 7:48:01 AM
From: Fintas1 Recommendation

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toccodolce

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Tech indicators as I presented on another site are set to allow POG to rally. What I'll be looking at is how high they can push it.

That will be important for how deep on the next drop.

So for those who are day trading gold long. enjoy the green.

And as a helper for those who use PNF.

1296 is a milestone I use.

Sooooo 1296+162=1458 That 162 represents 3 completed 54's Soooo 1296+54= 1350. A number that can easily be seen on charts.

SOOOO 1350+54= 1404 would be two completed 54's. Yet as all of this is being determined. 3 -18's to complete 1- 54 or that 1350 And as this happens what are those TECH INDICATORS doing.

Well they dropped from the 35 bp prec to the 14 and change. That hit my downside of 16 and then some. So a decent amount taken out and as that was done the near term momo, 10 week, 30 week were taken down significantly. And that helps to fill that glass to get the POG HIGHER.

Yet as I often say sectors that are in the chit can stay there for a long time. So this may be just another rally that runs out of gas to come back down. BUT...there is room for a nice rally of 10-20% off the recent low.

Bottom line is I'll be waiting to see if they can take out 1458. Oh and what would it take for me to change my downside? 1560-1620. Oh and if the bp prec bounces from 14 ish to the 30 ish then I'll be expecting another run down. Keeping in mind I've a reasonable time line for POG to determine it's bottom. I.E end of 2nd quarter 2014.

Fintas
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