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we obviously differ on our phasing and points of lows.
Link to post 46893
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75246778
Check out the SPY:GLD chart on say 30min over a month and apply cci or another indicator. IMHO it is rolling over and lending force to the selloff.
Oddlot
Pls review post 46893 on user group/Short Term Trading Using TA. The potential downside is catastrophic.
Oddlot
My work suggests the consolidation above 136 SPY included the 20 week low, and we are below that reference so the longer cycles are headed down.
Oddlot
Yes, but with price under your 5week ref point you must consider trends longer than 5weeks to be down. If a trendfollower (arnt we all?) then the buy side is ignored in favor of future short trade.
Oddlot
Apparently a possible Greek exit from euro is freaking out the big investors. Trin climbing and high.
SPY SDS added SDS in same quantity $ as the leveraged gold etf I am holding. The SPY:GLD chart is rolling over from very extended levels, indicating short SPY vs long gold is the right way to be.
SPY: Facebook IPO will be done at top of a rally, if the mktmakers can make one. My bet is for a peak Thursday, which I will sell if it occurs.
Oddlot
SPY: Facebook ipo, IMHO, will come at the top of a rally if the marketmakers can create one. In this mkt of manipulation, my bet is on a high near Thursday which I will sell if it occurs.
Oddlot
GLD obv still looks suspicious. JPM covering shorts while they can??
Oddlot
SPY thinking rally may last into early next week with potential channel high.of approx 138 then. Would begin scaleup sales at 138.00 prior to reversal.
Oddlot
FCG long 17.00 natural gas producer ETF
SPY SDS for the remaining SDS, I will close if SPY hits 133.20 on this downswing.
Oddlot
Mike Mac: one of the short term cycles/patterns is approx 10-11 days from low to low. This is due, and why I lean towards the short term rally. How we get there is up to you. When it comes, I am a seller.
Oddlot
SPY comment: 10min trin cci(256) was grossly overbought and slipped into neutral, while the price 10min cci(256) was grossly oversold and recovered into neutral. This sequence is a buy in an uptrend, but NOT in a downtrend. Holding 1/2 unit SDS and awaiting reflex rally for short on failure. Ideally, stochrsi and cci geared to the 5 day cycle will sequence and the short can occur on the cci signal.
Good luck, and good trades.
Oddlot
SPY SDS closed half of SDS at 15.995 with SPY under 136.20. Would consider a failure from 138.00-138.50 as opportunity to add bearish positions.
Oddlot
SPY SDS closed half of SDS at 15.995
Good luck, and good trades to you. We will talk again for sure.
Oddlot
Well, if you like it at 137, you will love it at 127.
Oddlot
Thanks. Even a blind squirrel sometimes.......
re shorts: if rates climb, it will be because of a shortage of cash (kind of unbelievable) and stocks are a good source of funds. This thing is going down in a 3 step down one step up steep trend. d
Oddlot
Marishipu: holding shorts with targets of June and Sept lows. Prelim target of 132.5-133.25 SPY and later targets 125-130.
Oddlot
The bears are just starting. Take a rally to 138.5-139.0 and short for drop to 133 SPY.
Oddlot
AAPL target 485-500
DJP can not be added to "my stocks" because no stock/ board found but you have a quote and the issue is actively traded. Please resolve the problem.
Thanks, Oddlot
$CRB index is a buy. Best alternative IMHO is DJP. Orders in 40.87 GTC vs 40.77 close.
Oddlot
$CRB index is a buy. Best alternative IMHO is DJP. Orders in for 40.87 or better, GTC vs close at 40.77.
Oddlot