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Strategies & Market Trends : Zman Market Timing
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From: Fintas11/5/2013 8:44:47 AM
1 Recommendation

Recommended By
toccodolce

   of 15903
 
Here's some fodder.

On 11/16/2012 the SPX touched 1343 ish.

That's not quite a year ago.

Why was it there?

Just near month earlier i.e 9/14/2013 the spx had touched 1474

That move came off lows of 1010 ish in 2010. I.e 1010 to 1474 or approx 40%.

So a pull back at that time to 1343 was no biggee. In fact it might have been better had it gone a bit deeper at that time. WHY? SUPPORT is a GOOD thing. It helps to keep things from toppling.

So lets go back to the 1343. The spx has moved from that 1343 to the 1770 ish. Time line not even YOY.

Yet where are the areas of support.

It's not on this last thrust of the spx from 1648 to 1770. Fact is there a bit more at the 1626.

Even then there's not much. How about 1557?

Bit more..

1512.. OK a bit more

1480.. OK a lot more

1458..

1405

1350

Here's the point... HUMBLE put up a 1343.

For those who are not able to understand some of my posts.

NO ONE HAS HEARD ME SAY HUMBLE IS WRONG. re his 1343. WHY? HE IS RIGHT!

To get to that 1343 in 2014 , the spx MUST come down past 1480/1458/1404..

Off the top of my head and with the understanding that most do not understand that 1458. Yet if one were to look very carefully one will see that 1458 pops it's head up often as do certain numbers to get there.

I've put it up before, I'll do it again.

1458+162=1620+162=1782 1458+486= 1944

OR how about 486+486=972+486=1458

So if one can see it up. Then one should see it down.

We are at 1770. Zman has put up where he initially saw the wonder ball ending. Humble got a bit enthusiastic and began discounting 1458+486=1944 and then he consider derivatives of that 486 to get or 1944+162=2106=54=2160+54=2214+ a directive of the 54 (36) and 2214+36=2240..

However that number 2240 was AMBITIOUS from where we travelled YOY or 1343 with very little support.

And ya got to have support. Ya got to take a breath. 2240 didn't consider it.

So he quickly grasped that and he CHANGED. HE is RIGHT to do so.


The downside will pay out and one should be able to see the 1620 down, then the 1566.. TAKE A LOOK at your charts... THEN 1512/1458. It's there IF one wants to see it. And yes to get to it one has to go past 1480.

From that 1458 will be the 1404 and under that is 1350. Once again where were we LAST NOV.. And where were we LAST Jan.

If one simply understood the mechanics of the market they would understand 1450.

Bottom line. The tech indicators I monitor strongly support we turn down.

Ya can fight it and try to get that last bit to that 1782 or the fluff beyond.

OR one can sit back and be objective and say ...1343 last NOV 16 and here we are near 1770.

UPSIDE is ? Downside is?

C YA at 1458 in 2014.

Zman, Humble and the gas bagger see 1400's in 2014..

HOPE many are paying attention.

Fintas
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