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


To: GROUND ZERO™ who wrote (3698)6/24/2014 3:57:03 PM
From: zman69  Read Replies (2) | Respond to of 15903
 
No 7 year top, just needs more time to digest, wasn't ready for new leg higher with pull from ST cycle low due 6/30 +/- 3 TD.

I shorted the morning pop right around 11:00 EST, and covered about 3:30.



To: GROUND ZERO™ who wrote (3698)6/24/2014 8:59:25 PM
From: Vitas  Read Replies (1) | Respond to of 15903
 
I've heard of four year cycle bottoms, what is a seven year top?



To: GROUND ZERO™ who wrote (3698)6/24/2014 9:06:03 PM
From: Kimston  Read Replies (1) | Respond to of 15903
 
Per my comments here, I think it's a very high probability a major top is in the making. If the ED interpretation is correct on DJIA, it may need to make one more new high after a pullback to 16,000 area (+/- a couple hundred pts). Otherwise we may just head down from here. Weekly close above 17,340 probably invalidates major top thesis.

Kimston