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

To: POKERSAM who wrote (3493)	6/9/2014 11:07:45 AM
From: BEARS GROWL	Read Replies (2) \| Respond to of 15903

I beleive he was looking for 1973 as invalidation and around 17060 dow

To: POKERSAM who wrote (3493)	6/9/2014 10:01:16 PM
From: Kimston	1 Recommendation Recommended By Fintas Read Replies (3) \| Respond to of 15903

1973.72 is the limit for the ED count on the SPX to remain valid. These EDs can always morph into some other pattern, so that is certainly a possibility with the current presumed EDs in SPX and DJI. Based on some geometric price projections I'm looking at, I think the more likely point to expect a top of some sort is in the 1950 to 1965 range. The chart below shows some of the near-term projections to 1965, but there are very long term swing points that project to this 1950 to 1965 range. Of course, this blow-off type action in stocks could blow right through all technical analysis. I think the most compelling geometry I'm looking at is a confluence in SOX index around 630. I'm planning/hoping to key off the SOX hitting this 630 area to buy some some SOXS ETF as well as accumulate some long-term VIX and SDS calls. Kimston