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Strategies & Market Trends : Zman Market Timing
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To: Mario :-) who wrote (229)10/17/2013 10:49:28 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (1) of 15903
 
First most still do no get my sense of humor. It's dry, it can be dark but it's always intended to bring a smile and cause one to THINK.

I know, you do not understand what I'm doing. If you did you wouldn't be asking me the questions you do. No biggee. I'll try to explain it again..

So my work considers many variables you do not have. More importantly once a sequence is understood in a sense it's like a magnate. That is why I have presented what controlling boxes are in place.

There are smaller boxes and then there are controlling boxes. At this moment re GOLD the 162 down is the controlling box and that count is taken from the 1458. To reverse that would take not just the 162 UP but other variables. The indicators would have to have the potential to go higher. Here and now to the novice it might look that way but the novice doesn't understand those indicators. It takes YEARS and for some year isn't enough. No different than those good with Ewave, Lindsey etc. That's what there's all this back and forth. Each thinks they have the magic bullet. Truth is the magic is in the WORK. Few have the discipline or time required and even then the understanding of a number, pattern etc.

Looking at supporting data this eve. Some nice activity for the bull.

YET nothing I looked at suggested to me that 1620 was going to be taken out and at this moment as I look at smaller boxes the longs will be lucky if 1458 can get hit. More importantly to get to that area smaller strings of 9.72/6.48 have to be taken and those run into trouble a long ways from 1458. So where do I think this puch can end. Well there's plenty of room to get to 28 on the bp precious. And that will help the near term/10 week and 30 week. BUT I won't be surpirsed if 1368-1386 is where the wonder ball ends or sooner. If sooner than the down longer term is deeper than I put up. IF that 1368-1386 is hit or can go then I'll stick with the 1174 and a shade lower. WHY? I know you think buyers will come in to prevent that from happening. However those indicators when they roll have their range and the set up would be to go LOWER than that bp 15. That requires selling and takes it under a level previous.

I know you don't understand it.

I know you and others say, experience has taught me etc.

Yet this is not guessing and it's not pie in the sky. I rarely miss a target. When I do it's because someone bought the company for less than expected. Ex Maxtor.

Or to the down someone stepped in and bought the company for it was a bargain. Ex SUNW.

So it's good to see you here.

We shall see how this plays out re POG.

On another note I'm very comfortable that GE is going to take out 29.16 before this time next year. In fact probably a lot sooner but I'll keep it SAFE.

So if one wants 20%. There it is.

I read somewhere that someone was buying IBM because it was a bargain. HMMM NO IBM was a bargain when I bought in way way back in the early 90's when I sized in to bring the cost down to 50.38 PRE SPLITS. The low was in the 40.58. Now that was a bargain. BUffet stepping in with a cost basis of 170 and some thousands higher is no bargain nor is 173. 165-145 are possible for IBM.

When ms spx rolls there will be some bargains. When hasn't happened yet but it's coming. Whether it be jpm at 38-42 or Bac at 11.34-12 .. Patience is something one is taught and learned. It's not a gift as many think.

Be well

Fintas
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