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Strategies & Market Trends : Zman Market Timing
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From: POKERSAM6/7/2014 3:24:00 PM
  Read Replies (4) of 15903
 
This is my view of the future. It looks like most everyone here has made up their mind and gone LT bullish. Look to the sky - recognition wave and all that.
I need more evidence to be as certain as most seem to be now.. Before I will know for certain, we will dip (about 50 points S&P) bounce to higher high.
Then we drop to 1680-1700 (it all depends on how high that higher high goes). This large drop is the point I will find out.
You see the bullish count needs a wave 4 to that 1680-1700 area and the bearish count will break through that area to the downside. So it can go either way..
I do have to give the odds to breaking through the 1680-1700 or so area. But I will, of course, accept either decision the herd makes. We will see.

I have to admit that it would be a shame for the perma bulls if the bearish count ( one more leg to under 666) is proved correct. It would be a shame for someone to be wrong three times in a row and probably check out with that kind of final record. The perma bulls totally missed the 2000 and 2007 tops.
On the other hand they say the third time is the charm. So maybe this time the perma bulls will accidently get it right. Since perma bulls are always bullish they will be right most of the time long term. But it is always an accident.

As I said, we will see. But I don't think before that drop to the area of 1680-1700.
As Dennis Miller always says, " That is just my opinion, and I could be wrong".
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