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

To: Fiscally Conservative who wrote (128)	10/14/2013 10:15:05 PM
From: Fintas	2 Recommendations Recommended By KatayamaGorobei toccodolce Respond to of 15903

Shhh just between us for I know there's a bunch who are peeking.. SHHHH. But I just took a peek at the near term bp spx momentum chart and it's formed a nice wedge. Any bounce would simple run a bit up to either bust up but since it's so high re the placement of the wedge it would mean nada re upside of significance. Especially when looking at other indicators such as 10 week, 30 week, rep, rep, pt and bp six. UGH. BUT when as I suspect, Zman and a few others see this wedge breaks DOWN...under neath that wedge is very little support and that detail supports Zmans and a few others of some large % down. Now I know many of the bulls don't want to hear it or accept it. Yet phew since I'm a perma bull I'll point out a simple ex that I just passed on to another. REMEMBER not long ago when a few bulls were pumping INTC.. PUMP PUMP PUMP. Yet for all that pumping over the last year plus ol INTC can NOT get past where I sold it in the 27.75 area. HMMM if things are that great in semi land or if the bell curve is so strong then why oh why can't INTC go to the sky. HMM sounding like Judy Garland and somewhere over the rainbow. So I'll leave you with this. Stay close to this site. It's beginning to attract some free thinkers as well as some very good at TA. Zman is very objective. Can see both sides of the trade and will pass it along. Zman doesn't pump. He doesn't need to pump. His work is easy to understand and more importantly he can carry on a discussion re much more than waves, a's of b's or a third or a 20 th of a 33. SMILE IMO Fintas