Zman Market Timing Message Board

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Strategies & Market Trends : Zman Market Timing

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To: Kimston who wrote (3564)	6/22/2014 7:40:36 PM
From: Kimston	Read Replies (1) of 15903

I posted here about some very long-term timing symmetries that point to 6/10/14 basis the DJIA for a potential major top. While doing some analysis this weekend on the Valueline Arithmetic Index ($VLE), I found some very compelling long-term price projections to 4575 area (current price as of 6/20/14). I'll probably post charts showing this time and price analysis at some point. My best guess, based on this major confluence of price and time projections with the backdrop of near tulip-mania sentiment, is that we are currently making at least a multi-month top and possibly a multi-year top in this 6/20 to 6/24/14 area. Per the potential ED pattern I've posted about recently, it's possible we get one more new high in the DJIA after a several hundred point pullback, but I don't think I would wait around for that. Ideally they can pop the DJIA to 17,000, or a few points over, since we are so close. That would probably push sentiment to the next level.... if there is another level. I would say that weekly closes 2% above 4575 on VLE or 2% above 17,000 on DJIA would invalidate the presumed importance of these projections. Kimston

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