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Hurst 20 week trough window. First stop, previously stated 310.50.
Hurst upwards projection of 318 not fulfilled during day session, and 324 still open, and possibly null into the trough.
~d
Cancel that previous 'gap up in the morning' post. Should have turned the computer upside down.
Or a top.~ d eom
F's?
LOL I actually understood that.~d eom
OT: Tbag, you have a pm regarding your question about Twitter.~d eom
Did you blink? :)
Well, for right now I am looking for a gap up tomorrow. After that, que sera.
I have a very bad feeling about September or October, and have had one since May. I am very intuitive and have learned to respect those feelings when the come hard.
Best regards and get some rest, doctor.
~d
Hi Glen,
The QQQ's look very bullish going into tomorrow. What do you think?
~d
Dr J, I'm no Ewaver, but doesn't it look more like a flat than a triangle to you?
~d
Are you still on long signals as it says on your blog? Do you have a sideways signals thingie?
Just got sell signal I was looking for. Just wish it had happened at 319, not here.
~d
Long and closed all shorts except for very small position. Will re-enter in a heartbeat if I get a signal short.
This gap down to 315 reset all my breadth indicators to oversold.
I actually had an up bias for today from yesterday. Dt'ing long today and will add to long term shorts at 317, and if we reach it, 318.
Interesting, Dr. Jerry, I didn't know that.
What I did know is that buying the period from ten days to the week before July Opex and selling on Opex itself tends to yield good returns. This is true even in down years.
Might be useful to hold off buying the small caps until the market drops a bit using SPY as proxy?
I will be dt'ing long against the position.~d eom
(edited) Beginning today I will be building a 1 to 3 week short position. My first goal is the 312 gap fill and then I will re-evaluate as to whether or not I think it fulfills the Hurst 20 week low. Usually a ten point drop would not fulfill a 20 week low, but as I said, market is incredibly bullish.
Edit: Mental stop at around 320 or so.
I think I'm going to disagree here.~d eom
Today seems like a good time.
Well, unless we keep going up of course.
:)
(edited) Timing is everything. What you're really saying is you have no problem being bearish in a bull market that you think according to you technical indicators is about to have a correction, not t'other.
E.g., if you have shorted the market in January of 2012 and said the same thing, you'd be facing a pretty big margin call by 2015.
For those who utilize options as their primary vehicle timing is even more important. I went long /es at the open last night and although I closed out way to early was able to offset a good deal of the loss on my July puts.
Get back to you later on that?~D eom
Will be adding to July puts tomorrow at some point, and rolling over to first week in August if not fulfilled by July expiry.
Day trading long and short.
~d
Oh, my apologies. Just checked Twitter and there are way too many bullish posts.
This is of concern.
~d
This is what I was looking for, thanks!~d eom
...
Weren't you bearish just a New York minute ago?~d eom
Looks like we might gap up tomorrow, per previous post.~d eom
Sean, I have no idea. As you well know n a bull market bad financials are shrugged off, even a pseudo bull market? However, since the Hurst 20 week nested trough is due soon (mid to end of July) maybe bad financials could kick start the trough.
There has been dark pool selling in AAPL lately, but the chart is still incredibly strong.
My apologies for not being more specific.~d eom
There were signals of about 283 and 278 generated on 6/15. Right now it looks like we are still going up so am in wait mode. I believe I posted that there were also short term signals for the rally too, and they would be in a previous post somewhere.
David Hickson has mid July as an important Hurst low, but I was doing some calculations last nigh and it could come as late as the end of July, beginning of August.
296, 292, 287, etc. are all nos that have been thrown around a lot lately. Market is so bullish, I am starting to find it hard to believe that eve 296 could come into play, so watching carefully as there are indeed technical cracks under the surface.
On weekly it shows a slightly different story.~d eom
A lot of dark pool buying on UVXY last week. Could be reflective of upcoming Hurst low. These things are always problematic due to hedging.
~d
OT: Anyone been watching "National Theater at Home" on Youtube the last couple of weeks? Some of the productions have been terrific. Some friends and I tonight watched 'Les Blancs', a play about white territorialism in Africa, written by the same playwright who wrote 'Raisin in the Sun'.
The play is somewhat dated and a bit heavy handed in the rhetoric, but this production of it is riveting and the acting is terrific. One of the best sets and production values I have ever seen.
Their Jane Eyre was the best I have ever seen in my life.
Midsummer's Nights Dream was last week - it was good, very cute and funny - but I much more liked Julie Taymor's production of it. You can get it on Amazon.
TT (is it OK if I address you as TT? Let me know...)
Haven't looked at your info yet, but what does 'clean' mean?
I have been reading a lot about spot gamma lately, your system sounds like it uses similar principles.
Best regards.
Dr. Jerry,
I really don't think this C drop of yours will come into play until after the election.
The Shanghai index just reached new highs last week, not a harbinger of a C wave, IMO.
Yay! Good job.~d eom
The Hurst nested trough window starts this week, mid-week. I am currently thinking up on Monday from a potential low then down to the nested Hurst low, or else a gap up and then down to the Hurst low.
The new highs should be in August or September.
Then....BUMP!
LOL
GLTY also.
~D
Thanks, Technitrend, much appreciated. Look forward to checking it out.
I posted recently that an indicator I developed is signalling a big move. I call it 'my big move' indicator', lol.
It's leading.
~d
Bump is right. Bump in the road to new highs.~D eom