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

To: Kimston who wrote (274)	10/19/2013 10:49:48 PM
From: Fintas	Read Replies (1) \| Respond to of 15903

Ok here's my view re Nasdq 100. My strings would allow for a 3402 as a milestone and 108 above would mean nada. I call that fluff. To the flip side I'm working off a 2916 so a return to there should be expected whether we get that 3402 or 3510. Once we get to that area then under 2916 by 162= 2808 and probably more but that's safe. Now as I look at the RSI patterns it's begun to ROLL OVER. Once again for all the buying the RSI patterns are rolling over. A little detail the perma bulls tend to not see for their tools don't see it. Now looking at the near term momo, ten week momo and 30 week momo the near term has begun to roll, so too the 10 week and the 30 week hasn't but will as the near term and 10 week continue. The HI LOW peaked at 90 and is at the 80 and rolling down. The bp is at an area that allows for it to drop. So my view re the nasdq remains constant. It will drop under 3000. If you take your work, consider some of these details it may help you to tighten things up. As you will note we are seeing similar things re the near term top area. I just give a bit more and thinking who cares. Ex if one sells at 78 or 81 big deal when the down is 50. I don't sweat today or next month. I just look for where I'll be in 2014. UNDER 3000 is coming. IMO Fintas