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1178 and 1159.4 are the next visits.
24 hr shows a much more defined broken bottom and a yet to be broken top...much different. I am watching 24 a bit more because of what's been going on with the night monkeys. 1186 is where it will be when we open tomorrow.
Broke the line though when you look close. Nice drop overnight into the late push. It has to get through 1186 overnight to avoid forming a DOWN trend for the week. That's all I would look at now. Your green line and this weeks DTL.
BTW...mail sent
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Oh that would mean today.
Wow...
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Can you believe how big that move was tomorrow???
heehee
Tomorrow...I promise:) or maybe later tonight which I doubt...beat!
Yea....down.
Look at Russell and Gold. No more higher highs with the leaders...all smoke and mirrors dude. S&P to follow.
I will send you an e-mail Sunday. I am packing so I can get out of here and go look at a remodel job in Landfall. I will be back Sunday morning.
like now here at 1078.5
Better...lol
Getting some good work but still having to fly under the radar so who knows what's next.
BTW...if it breaks up instead of down you better just quit. Every thing is saying we either crash here or I pay for golf because 1200 will be history in no time if we break out here. We are right on 161.8% extension right now. Break it and 200% is right on old high from 4/26 (1219) Safe bet if yesterday,s high gets taken out.
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Confirmation...
S&P higher high
Russell lower high
Gold much lower high
Gold leads usually a day or even two
Russell leads S&P always
bye - bye
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Yea...
The chart may not show it at first glance but today was the death sentence. The big boys are flying out. I can't believe the prices held up today. The breadth did a big shift. Load up the truck brah...
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$NYMO - big move tomorrow...
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Down I hope
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Some time tomorrow I think we get a waterfall hit.
You guys ready to pay for my golf...lol
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I have the Dow, S&P, Gold, NYA, and Oil ALL showing bearish patterns completed at once. Never have I seen this in all my trading days. The only two indices I follow that aren't giving bearish pattern signals are the Naz and RUT. 16 of the 28 stocks I am following are giving the alert as well...very strange indeed. They may very well push this thing forward but if they pause or run out of bullets you need to be ready.
Your giving up hope just strengthens my beliefs. That is exactly when "IT" usually happens...they drive most small traders off then "pull the rug"
Good luck and good trading
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Haha
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Just a few days ago the Bang was the most bearish on the board and I was the most bullish. Too funny
1175 -
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If I was mean I would have said 1224.
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Yes...
Just been burned too many times. You know my signature on most boards is "bottoms come fast - tops take forever"
The ONLY reason for it to turn that I see is that it is "toppy" but that happens to drag on and on like it did 9 months of '09. The ABC is extended already so what's in the way of at least 1170's?...I can't really find any overhead places for the pressure to come from.
The monthly chart was looking neutral for a while but is flipping bullish on nearly all my charts. The weekly...6th week in a row being bullish on all my stuff. Daily - all charts still bullish for over a month. Some show divergence but that means nothing except to guard the profits with stops.
No doubt the economic picture will cause implosion but you know it's going to keep right on stroking until it POPS. If you want to short (I would be tempted if I traded) a great play would be to start hitting it here all the way to the 1171 area (it's only a 10 point window now). You know that old high right after the waterfall in May. Just place a stop and reverse 2 points above the high. Make that trade on another future (as a hedge) and continue to buy the lows on your normal future. That way you hedge even all the way up to the high if we get there and ride the bull or the bear from that point...covered flat at worse...nice profit at best. Placing straddle trades here on separate instruments with good stop placement is the way to go for sure. There is a BIG ONE coming.
Head says be long...gut says short...LOL
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Draw a line on a monthly chart using the 10/07 top and the 04/10 top on SPX.................LOL
To the moon we go...
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ABC???...
done??? or 1170???
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Gotta wait for breadth numbers before changing my stance.
Never a doubt (lol) since it never got below 1130.
Holy cow dude!!!
That is crazy
22 inches...that was more than from any other storm in recorded history in Wilmington.
Told ya to bring a snorkel...lol
Not sure how much but the real damage on the coast was from the sound backwashing in from the back side. BAD flooding. Some dude was driving his boat down canal street. It was 3 feet under water. The sound / Intercoastal was four feet above flood level.
You guys are way the hell west. Believe it or not you are even west of me and I am 150 miles from the coast. How bad was it there?
You guys were lucky it stayed west and peckered out. Tides stayed low and all the damage was on the sound side. Otherwise the waves and surf would have been crazy at Hatteras.
Blast or "Sandblast"
Free micro-abrasion...
Women pay for that stuff
Large move tomorrow???
Yes...most likely
4th day in a row....
$RUT making new highs while $SPX is consolidating. We are heading to my numbers.
75.............it ain't done yet.
You will pass it one day if you decide to hike the Appalachian Trail. One of the most beautiful places on earth.
I have a helipad next door too......
Too bad you don't have a helicopter to go with it ;)
Market up a little over 2% since this post. Portfolio up over 14.5% in the same time. That's even with one down over 20% (FEED) and one down over 30% (NGAS)
so it seems...hard to believe right now. It absolutely poured here yesterday but today has been perfect...75 degrees without a cloud in the sky. They are saying it gets offshore - reforms and the skies open back up later. Too bad, you can't ask for better weather than right now.
Next time for sure. I was really looking forward to it.
I hate to say it but it probably isn't going to happen. Yesterday they were saying it was going to end tomorrow but now they are saying Thursday and the worst of the rain coming on Wednesday.
I will look at noon tomorrow but I wouldn't hold my breath. It sucks. I was looking forward to it too.
The next line up on your chart ought to converge with the top BB here in a few and just so happens to be right at my numbers from my post two weeks ago. I am still sticking to it.
OK...got there so now we need to wait and see. A close above 1130 and then we probably hit 1170-1175. It just depends on whether or not we can close above. If not we go back to 1080 or 1040. It's in a box now for sure.
My logical guess for now is we can't close above so we retrace.
Just got in...sorry. Back at both of you
OK...one more to go