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

To: Kimston who wrote (3396)	6/5/2014 6:34:14 AM
From: POKERSAM	Respond to of 15903

Kimston - We agree completely on the ED. We agree completely on the probable longer term decline to below the 09 low before the secular bear ends, though we arrive at that conclusion a little differently. I think the secular bear counts best as an expanded flat due to the five wave structure I see of the decline from 1576 to 666. For the secular bear from 2000 to count as an EWave pattern (a reverse symmetrical triangle) your pink 1 would need to be placed where your pink 2 is now. That would leave the pink 5 down to go.

To: Kimston who wrote (3396)	6/8/2014 8:13:37 PM
From: Kimston	1 Recommendation Recommended By Fintas Read Replies (2) \| Respond to of 15903

The ending diagonal patterns in the DJIA and SPX appear to be completing 5th wave throwovers, which is typical for EDs. The invalidation points (where wave 5 would be longer than wave 3) are: DJIA: 17,061.49 SPX 1973.72 Wave 1 of the ED was longer than wave 3 in both indicies and wave 3 cannot be the shortest wave. In my price projection analysis, I see two areas of interest in the SPX. The first is the 1950 area, basically where it closed 6/6/14. If that is exceeded, then 1965 area has a significant confluence. In the SOX, which is nowhere near all time highs and probably has the largest divergence out there, the key confluence area is 630 (+/- 10 points). This index closed at 617.25, so it's pretty close. Lastly, the long-term chart of the VIX appears to be completing an ED to the downside. If so, it portends a huge ramp up in volatility in the months ahead. Kimston