Zman Market Timing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zman Market Timing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: zman69 who wrote (14087)	3/2/2017 2:58:04 PM
From: The Ox	Read Replies (3) of 15903

I'll be very glad to be wrong but I'll take the other side of that range....2300 first before 2600. Look at the 2nd chart below....for the last few years the target has been close to 2500.... and we're almost there. I think if we get there without a drop to the 2300 level, a 8 to 10% backfill is not out of the question to this observer. At least with SPY in the very short term, it looks like it's afraid to have a selloff. The algos and systems come charging in late in the day.... as if once the selling starts, it will never stop. I just think that this type of a momentum move is running nearer the end of it's short/intermediate move. No big kahuna or anything like that but even a 5% correction would move the many overbought conditions in the charts to a point where 2600 would be very easy to attain..... Having said this, it's not wise to get out in front these strong bull moves until they show clear signs of tiring!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next