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

To: Fintas who wrote (278)	10/20/2013 11:26:32 AM
From: Kimston	Read Replies (3) \| Respond to of 15903

Fintas, Yes, the market could overshoot, undershoot or ignore this confluence area completely. It's all probabilistic and I think if NQ nearby contract gets a couple weekly closes over 3450, that would indicate to me that it's probably gone too far with regard to this set of projections. Looking at the run-up to the 2000 top we can see that extreme parabolas have taken place in the past. I imagine lots of projected confluence points were sliced through like butter on the way to that top. In my work, I think it may be a warning worth listening to if the market decides to move significantly through this very tight confluence of 10 projections. I think a super parabola is a low probability in the current market, but any thing is possible. Also, sometimes time is more important than price. It may be best to let price play out until the next time confluence and see where we're at. We're at a potential CIT point now (Friday/Monday), and my work agrees with Zman regarding late Oct to early Nov for a potential turn (not sure on polarity). After that, the next few CIT areas for me are as follows: 11/29/13 +/- 2 tds (guessing top), 1/4/14 +/- 2 tds (guessing low), and late Feb to early Mar (guessing top). Polarity is the most difficult part to figure out in advance and all of these guesses could be incorrect as to highs vs. lows. Of course the other potential outcome is that no discernible CIT occurs at all on or near a projected date. As mentioned above, it's just probabilities we're dealing with here. Glad to see you also have projections to the 3400 area on NQ. Kimston