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Bing a Bang. Bing a Boom..
shorted the Nasdaq for more than 30% gain today...Armageddon..next week
have a good Easter folks
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Expert,
your no pertains to spx only? nasdaq is already negative....
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First sell signal confirmed.
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OMan, that was what we said about RIMM last time and it took 6 months to recover.....lol
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if it were not for oil today the market would have fell to the abyss..it is a matter of time..the longer it stays in this no man's land the harder it will drop ...soon
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Sales fell short 10mil vs 13mil est
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Congrats, Blasher, hope your dream come true.
I have a boy and a girl, twins, the girl thinks about Daddy first, it a nice different relationship...
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Rab,
that really depends on the MACD settings..I use faster settings and for cash it has already crossed over...
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Deno,
(1) OEX 525, 515 are statistical numbers, you don't average them for it is meaningless
(2) From Feb25 to Mar25 there was a rise of a total of 42 OEX points, 525 and 515 are approx 1/3 and 2/3 Fib retracements
(3) Those numbers are just approx guides since the market moves up and down and so are those numbers and evaluations should be done at around those points
(3) Shorts/Puts positions should have been opened when OEX was at 540 (my previous chart showing Kaching area, it was predicted)
(4) I said it so many times when MCO>0 buy, MCO<0 sell
(5) Perhaps the difference is I am an option trader and you may be an investor of stocks, therefore, for you until OEX 515 is broken to the down side, the trend is still up, but for me, I have already made 2.5K per contract
(6) FYI, OIH is already downtrend...no market rallies can survive without oil
(7) Today, OEX, NDX and OIH with the exception of XLF (which is about to roll over) all gave strong sell signals
good luck
2bit
Big Drop coming next week.....targets OEX 525, 515
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Deno,
Are you kidding....this is as bearish as you can get...open higher and close lower...XLF has a bearish long tail candle and two consecutive closes lower signify a sizable down drift in the coming days...and so on ....
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Woo Hoo
OIH breaking down, turtlesoupsell on XLF, MCO falling into the abyss....
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Foot,
Ya, may be I should mortgage my house...all in...
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NM,
I know...since when do you get so serious...I just love to make fun of Footsister's top calling routine...LOL
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Foot,
what do you say? looks like a top and smells like a top?
Should I call it top #3 for you..LOL
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Be Careful..MCO < 0 very similar to Jan19...it is top building and can fall any time....
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Expert, my AD study is telling me to go long tomorrow the indices...I have the same strange feeling but I have to stick to my system...normally at this stage there will be 3-5 days of an upleg...and even retracements will be higher lows....no shorting for sure...
2bit
Thanks. Wonder when will the dollar decouple from the market...CNBC is a joke ...I don't watch them anymore...
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Oil has to recover before the market can go any higher...just don't know what happens to oil today, may be profit taking...
2bit
and in addition if you cross the Canadian border you get a currency which is as good as the green bag or even better....LOL
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Expert,
what does your Delta system say...
2bit
I am pretty sure a new upleg has started...anyone expecting a Jan type wedge drop may just have to wait...
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If by EOD there is no change in AD issues...this points to another leg up...
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Foot,
Shall I call the top for you, #2...LOL
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expert, that sounds about right, one final push but even the drop may be insignificant, the market can be meanderering up...
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Everything is expected...no interest rate hike...therefore dollar falls, euro rises, commodities rise and of course market goes up..it is going to be all the way up till August....according to TTheory and Bradley...
Come to think of it, why bother with day to day analysis of all these technicals (I don't mean you, I am venting here) just one trade...short when MCO < 0 and Long when MCO > 0 for one OEX option contract..5k from Jan19 till Feb10 and 5k from Feb11...still counting coins, now times the number of your contracts....to hell with all these minute by minute MACD craps...you tend to loose more when you trade in between...
have a good weekend
2bit
Fox, nice ..I agree, it looks like it won't come down until at least after FOMC next Tuesday...long term AD issues never say sell anyways...
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Worth a read...
http://carlfutia.blogspot.com/
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expert,
I guess your delta model is now in effect...turning?
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well, perhaps nothing to do with savings...Americans are still buying with credits...look at the retail sales no...sigh...
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Michigan sentiment down to 72ish...this gives the traders to take profit......may be this is it for this burn...
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Folks, everyboy is looking for a holy grail, there isn't one, all probability is pointing down, but the downside will be limited for now and if the retail sales number is good tomorrow, the down will turn to an up..we just have to deal with it like NM....
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Ya, wake up boy, you put buyers...AD has given you a day in advance...now it is all yours to take it down 10 OEX /20 SPX points ...
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Blasher,
All we need is a one-handed EWaver...LOL
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