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Strategies & Market Trends : Zman Market Timing
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From: Fintas10/21/2013 11:18:48 PM
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toccodolce

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TOPPING processes time after time look the same.

There's a bell curve avg finally in the 65.02 area. The stack of sectors pushes right a bit more. Savings , Wall street are just about to touch 90. And if one looks at the BP NYSE HI LOW there are a series of lower highs. Each failing to take out the previous high but on every decline the peak stops several boxes lower. Picture it.

For all the movement to the right of the bell curve it barely moves a .5 from the 64 area into that 65.02. Can it move more? Sure but now we see each sector becoming more and more vulnerable as each sectors number can not be supported by the underlying data. Biomeds, drugs, household, oil service look sick

Exception? BP PREC. The numbers there are making positive upward moves across the board and suggesting the want of a rally. Which I have given ranges up for that rally. The only problem with such at this point the POG is not acting as it should re the rally. Meaning where is the power to 1350. There's always tomorrow or the next day. However once the range up is completed whether it be 1405 or 1350 the next down will retest POG lows.

But back to spx.. the bp spx has yet to take out 80 And given the supporting data even if it does there's just not enough room to get much more % up. I presented % up days ago and for all the noise SPX has yet to reach the peak of that % consideration. I presented the 108 box. Now I'll present the 97.20. Once again if one can count UP. One can also count down. It would be better for the bulls if we sell off soon for the counts with a 97.20 will cause some serious heartburn to the the down.

So the bulls best enjoy the green for the TOP is coming and will drop. I can see many are now considering the drop. WISE.

But for those who think that drop will be like any drop they miss the details that say that the drop comes from a point where there is little support below. Any with access to DW tech indicators can run the numbers whether it be all sectors, bp nyse, bp spx and there it is.

Finally as I look at sector upon sector and view each sectors data points those to the far right are near or at highs and simply do not support to much more up. That is those who think savings or wall street are going to 100 have a better chance of hitting the lottery. WHY? 100 has never been seen and will not be seen.

Similar applies for ranges of the bell curve. OR as much as I want GE to go to 100 tomorrow or heck this year it's not going to happen. PERIOD. While here GE RSI is now at .95. Once again it needs a 1.13 to give a buy signal. It's in x's re RSI but there's a double top at the 1.03 ish. Register that 1.13 and the sound of 30's will soon be uttered. Keep in mind GE gapped down from the 36 area after it's miss. So expect it to be filled a year from now is possible or sooner.

So use the data or not.

As I said the other day, one can see the range of the spy with a 9.72. or one can use similar with a 97.20 for the spx. UP ....and ... DOWN

All to say have I mentioned SPX is going to 1400's in 2014.

IMO

Fintas
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