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Never fails with a volume candle like that
Makes sense too. Too many people got on and off with that much volume. It will be tested. Go look at other bars like that.
Just like that May "fat finger" trade that they "said" was a mistake. Well we sure came back and tested it too.
Awesome ...
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When the weather is too...lol
May 18th candle. First the bottom gets tested and if it holds we then test the top. Way too much volume to not get tested...imo
Sorry!!!
75
Nothing...we still have more paper and ink
ZERO wind chill here tonight. So cold there is still snow from 10 days ago and only an inch and a half fell..lol
Screw this
I wouldn't doubt that with all that is going on. Today looks like a reversal day even though we should open about 5 points up
I guess so. Everything is a block of ice here. We still have show on the ground....yuk
S&P...most volume since we were plunging back in May.
Hehe...that's me...eom
CHGS...SHZ...eom
Peas in a pod still...
They still hang
Haha ...
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I can read that mumbo jumbo and tell ya "heck yeah" that's him...LOL
Cap has him pegged
I thought you and easy were playing those picks... ; )
Us working class stiff will always be able to take care of ourselves and when inflation gets out of hand and there is not enough to "go around" would you rather be hanging around bankers or hard working stiffs. Who will win that fight for supplies??? LOL
The people with real life skills will finish on top.
I promise you that when only the rich have money the money will be of NO VALUE.
cat got your tongue...?
Wise choice ...
Way too crazy and pumped
Hmmm ...
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1200-1202 maybe then up to 1232ish then???
It will go on like this as long as we put NO value on $$$ and the big boys play along. Within a year or two it won't matter how much money you have anyway. Money want buy the things you really need...like food...lol The chit is just the same as Monopoly money because there is no value to it's base. We have printed TRILLIONS of dollars to "loan" this year alone.
If you can't trade something that lets you get stopped out at 3:00am then you best be real cautious. It might be at 1500 six months from now but investors may go to sleep one night and wake up in the morning with very little left.
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My take...
Within two years...(before dick head is run out of town) it will be survival of the fittest when it comes to what you need to live. Do you think people will give a crap what the rules or the law says when they are trying to feed their family? Wake up cause it's just around the corner.
75
and a 700 Billion dollar rescue turned into...
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9 Trillion dollar....WTF?
http://money.cnn.com/2010/12/01/news/economy/fed_reserve_data_release/
Guess what ...
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My ass is rosy too. want some of that???
LOL
Probably going up to around ...
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1600 to finish off the megaphone top we started in 10/97...lol
The cat still has 2 more years... 8~{
Of course that $1600.00 you will have from your original $1200.00 invested now will only take you down the first 2 isles of the supermarket by the time we get there...unless we CRASH first.
75
No stopping the night monkeys. Times are sure different. In the last year more than half of all the gains have come at night. Tonight is over 18 points and counting.
Eventually it will catch up and instead of a decline it will be a crash even worse than before. Eventually no normal people will "invest" long term in the market. We just went from nearly taking out a month of support to a breakout overnight. Just like 12/18. Glad I ain't trading...good luck if you are.
75
Maybe a Tuesday push to get the bears shook out first. Seems to have formed a base today. I wonder if it holds.
Ha...
you think...lol depends on the stop / exit plan.
I would short here at 1190 all day cause 1205 would be my exit which is tight enough. You know when it gets under 1172.50 it will hurry downward. Take half off at 1167...hold half for 1145??? Hmmm...
75
There's 1190...
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resume decline...here?
Think so...uhuh
75
BTW ...
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Those horizontal lines are the fibs based off the '07 high and the '09 low. Notice how they work their "magic".
Have a good one all. Later...
75
I see that now. Personally, I will still use TL's after they are violated unless a new high or low develops after violation. In this case a new low developed so I would have deleted that one but it has been touched quite a few times and over/under seems to work on this line fairly well.
I will allow you to use this one for now...LOL
First daily fib at 1176...where we are bouncing now. Maybe 1185-1190 before we continue? Still see the ABC clearly.
Huh??? what time frame?
Have a safe and happy holiday...75
And if you look at the long term charts of the $$$ we could easily see a melt down there. For the market to go down as well we would need a complete disconnect of the reverse correlation between the $$$ and the markets.
The other scenario is that the dollar makes it's final push here while the markets drop. Then we see the dollar completely collapse and take the markets down in the swirl.
75
Looks like that is where we are heading
August 18th close is just like Friday's close in many ways. Check it out. If so we begin a nice C wave down NOW....to 1167 then 1145 then ???
75
Stuck................. ........ ..............
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1158 if we can't take 1202 out. Oversold quick though so a power move past 1202 could blast us off.
OK...1200 here now let's see.
With my DTL and help from Rays chart (since I'm not a fib guy) it was a good trade.
I would say yes but retrace probably done here (1193..TL lays and 38% retrace sits) but 1200 is 50% retrace of down move...LOL
1202.2 and higher and it's back where T/A means nothing. Down here and traders still have a chance.
Kick ass guys...
75
OK...late this week
1200 .
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WILL be tested again...NO DOUBT
soon? probably early this week? 25 points