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 ord TEST 
 jim failed 
 Ory Hi Tim 
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 ord Hi ORY 
 Mike gm Mr Ord 
 Gary_F Hi tim 
 ord GM mike 
 Gary_F did every one get charts 
 Gary_F tim is a wyckoff expert 
 Ory y 
 Gary_F but also adds his indicators 
 ord GM Gary 
 swetz howdy Tim :) 
 Gary_F oats lower do they know? 
 ord GM Swetz 
 Ory Zack I position trade  
 ord If everyone had a chance to download the charts then I can begin 
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 Ory yes Tim or at least i did 
 ord The first chart you have seen before and is called pattern recognition 
 ord comparing current XLF chart to 1998 SPY chart 
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 ord I cover pattern recognition a couple of weeks ago and it seems to be working perfectly 
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 ord The current decline is matching up with the breaking of the support line back in SPY 1998 support line 
 ord What should come next is the most severe part of the decline 
 ord That does not mean tomorrow but should start to appear in the next week or two 
 ord Also there are four days of Hindenbury omen that has been triggered over the last couple of weeks you might google it 
 ord lets look at second chart 
 ord Second chart shows RSI (top window) is oversold short term and bottom window is the MOney Flow and also over sold 
 ord Also we are going into month end and window dressing can have a positive bias 
 ord Therefore short term there can be a bounce but should be minor 
 ord I have OBV (ON Ballance Volume) and OBV follows the trend up and down and it has been trending down even though markt has traded sideways since mid May 
 ord This shows money is leaving the market 
 ord I have drawn a trend connecting the low and to get through the lows a "SOW" will be needed to confirm the downtrend 
 ord Therefore in the next couple of weeks a down draft may be seen 
 ord I holding FAZ which is triple short XLF 
 ord The pattern on Xlf has a downside target to 10.00 range 
 ord Hieght of the patteern to support line substract from support line give 10.00 
 ord if XLF goes to 10 then FAZ may go to 47 
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 ord Don't know what kind of bounce may form over next few days but should be minor then buld of decline should start 
 ord are there any questions? 
 RB very good, thanks tim, 
 Ory Tim Faz is Please 
 joe_s ty tim 
 Gary_F great stuff 
 ord Don't unstand your questin ORY 
 Ory what does FAZ mean Please 
 RB tim- what would you be looking for that would tell you you are wrong? 
 Brian FAZ is triple leveraged Bear financials ETF 
 ord Don't know what FAZ stands for but means 3x short XLF 
 Ory o.k. Thanks guys 
 Ory Brian answered TY 
 Ory Tim.great lecture 
 ord YOu can use stops if wrong 
 Milo Anybody selling weekly calls vs. FAZ ownership? 
 swetz thx Tim, seems like the other SnP sector ETFs seems to be showing a simlar chart to XLF 
 Gary_F i post Tim ords stuff so u can review 
 ord Yes Swetz I noticed that too 
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 ord Thanks alot for having me On and I'll see you next week, All the Best, Tim 
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