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

To: skinowski who wrote (250)10/18/2013 5:22:20 PM
From: Fintas  Respond to of 15903
 
Back in the days of cabbage patch dolls or taser or others that pushed up for reasons other than FA, there were those that blew thru upper lines when the reality set in, down they came. Meaning if spx pushes thru that upper line will mean nada to me. It would be a number already considered just as I've considered the flip side and why I put up the 108 value box for many to consider.

This rally is not of any FA influence. It's the result of the tactics, strategies and mechanics of the market.

So let them keep buying. As I presented recently the support underneath for the spx is similar to a plastic anchor designed to hold 40 lbs not the weight of spx in decline. The mistake many will make is underestimating the depth of this decline.



To: skinowski who wrote (250)10/18/2013 8:40:39 PM
From: POKERSAM  Respond to of 15903
 
skinowski - That line has been resistance for 4 yrs. It has now been hit seven times. I would say it has earned some respect. When you add the wave count of the last four years and our current position it becomes very important.


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