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Strategies & Market Trends : Zman Market Timing
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To: Fintas who wrote (5172)3/10/2015 1:28:09 PM
From: The Ox  Read Replies (1) of 15903
 
You appear to be all set for a doomsday scenario......... and yet, at the moment..... we are only following zman's current script to make a low between now and the next 3 days.

Can't this move the last few days be considered profit taking off the recent new highs?

A pause that refreshes vs. a complete market correction? I haven't put the target out there but 205.7 was my minimum drop in the SPY once we cracked 212. We broke below there today.

For me, it's 50/50 whether we rebound or find the next lower support level.

I see no reason why down from here has to be the next move. It might be but I'm not convinced that this downdraft is anything more than a pause.....We'll see.

Next ST cycle low due 3/10 +/- 3 TD.
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