You can not predict markets with any high degree of success, or the duration and extent of a market move, but you can anticipate and pinpoint high probability reversal or acceleration price and time zones with a positive mathematical expectation of success.
However, when a market nears a potential turning point you must look for confirmation from other technical evidence that indicates either an O/B or O/S condition to determine if a reversal is indeed supported.
In order to be successful at pinpointing these high probability zones where you identify key market turns and pinpoint highs and lows, I use specific primary tools such a Square Root Relationships, Fibonacci, and Pi.
You can successfully time the markets regardless of whether you are a money manager, investor, trader, or analyst by using this clearly defined methodology. It’s based on the principle that markets move in cycles just like many things in the universe, and they will trade geometrically over time, which is why you must use the primary market tools mentioned above to anticipate the key market turns in advance.
The most current example of using the primary tool symmetry confirmed by other technical evidence to identify a high probability reversal zone is the recent 5/22/1687 bull cycle high which has declined -5.3% so far to a 1598 intraday low as I complete this commentary on 6/6/13.
The SPX monthly 5 RSI was extreme at 91.30 in May, as were most any other momentum or sentiment indicators, and the market was obviously O/B on a long-term, intermediate, and short-term basis, as indicated on the monthly, weekly, and daily charts. Just on a momentum basis why would anyone be surprised that the market would sell off at some point when the technical evidence was so lopsided regardless of the Fed?
The O/B condition was obvious, and there was also a 5 RSI negative momentum divergence on both the weekly [intermediate] and daily charts [short term] so the technical evidence would confirm any significant price and time symmetry which I have outlined below.
The SPX made a 1687 high on 5/22/13, which is +153% in 1538 CD`s from the 3/6/09 667 bear cycle bottom. On the Square of 9 Calculator chart you can see that 1687 is a major angle [225 degree] measured from the 3/6/09 667 bear cycle bottom.