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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?


To: zman69 who wrote (2)10/8/2013 5:49:52 PM
From: zman69  Respond to of 15903
 
After the mid-October low I am expecting a multi-day bounce but then downward pressure should re-assert into the first week of November +/- 1 week. That should mark an Intermediate-term low from which a multi-week rally should ensue.

Assuming we avoid a catastrophic outcome with the Debt Ceiling between now and early November then I would expect this first intermediate-term pivot low to come in the 1600-1550 area.

I won't be playing the long side until we get to this time/price confluence.



To: zman69 who wrote (2)10/9/2013 1:23:44 PM
From: zman69  Respond to of 15903
 
Today we entered the 10/14-15 +/- 3 TD window, so this morning's low COULD possibly be the start of a multi-day snap-back rally. Not a bad time to cover some shorts and watch to see how the tape action plays out in the short-term, but I have no interest in long positions at this stage. Intermediate-term I am still looking for 1575 +/- 25 to be reached by early November. At that point it will be worth picking up some swing longs for a multi-week rally.