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Sell signals abound. Every bounce should be sold.


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#11 ogm

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Posted 08 August 2013 - 08:51 AM

Exxon is green after being down 11 consecutive days


nice :)

Watch AMZN, lets see how many consecutive days down it can do.

Bezos should buy out JCP :)

#12 andr99

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Posted 08 August 2013 - 08:58 AM

How do you expect to profit from shorts when retail stocks like Victoria's Secret are bursting to new highs?

http://stockcharts.c...75968688671.png

Posted Image


hey printfaster.............fron now on, please more girls' photos and less TA :D :D

By the way..............she has a couple of terrific bbbbbbbbbbb.......eautiful eyes

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#13 ogm

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Posted 08 August 2013 - 09:13 AM

Looks like a good old fashioned gap and crap this morning. Lets see what they can do after the European close. They'll probably try to wrestle this circus back into the green, but the way its acting I wouldn't hold my breath.

Edited by ogm, 08 August 2013 - 09:16 AM.


#14 jdjimenez

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Posted 08 August 2013 - 09:46 AM

How do you expect to profit from shorts when retail stocks like Victoria's Secret are bursting to new highs?

http://stockcharts.c...75968688671.png

Posted Image


hey printfaster.............fron now on, please more girls' photos and less TA :D :D

By the way..............she has a couple of terrific bbbbbbbbbbb.......eautiful eyes


Indeed, very beautiful eyes, and bbbbbbbbbb.....reast not bad either!

Agree with more pictures less charts, LOL.

#15 jdjimenez

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Posted 08 August 2013 - 10:01 AM

The market is rolling over. Internals on all indexes have rolled over and are in a downtrend mode.

Every bounce is a selling opportunity.

Seasonal weakness in September October.

Fed taper guaranteed now.

Retail investors are euphoric, pouring record amount of cash into stocks. Margin borrowing at all time highs.

SPX earnings estimates keep coming down, while PE's keep going up.

Greed isn't going to pay off.



ogm,

With all due respect if you continue to call for a lower market you will be right one day. On July 29th you had the S&P on an all out sell and it shot straight up to 1705 and you have been running against this Bull for what seems like forever. Of course SOMEDAY you'll get that turn and the market will indeed fall but a paper trade account on your trades must look terrible.

I've learned that if I want a constant Bear view go to your post, and if I want a constant Bull view go to Printfaster's post. I've also learned that if you get ingrained in the I must be right attitude it's very easy to turn your money into $hi+.

My motto: Don't turn money into $hi+!!!

JDJ

Edited by jdjimenez, 08 August 2013 - 10:07 AM.


#16 PrintFaster

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Posted 08 August 2013 - 10:08 AM

Well, looks like the "bottom fishing" going on in a few names.

http://stockcharts.c...75974367789.png

http://stockcharts.c...75974512120.png

#17 ogm

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Posted 08 August 2013 - 10:13 AM

The market is rolling over. Internals on all indexes have rolled over and are in a downtrend mode.

Every bounce is a selling opportunity.

Seasonal weakness in September October.

Fed taper guaranteed now.

Retail investors are euphoric, pouring record amount of cash into stocks. Margin borrowing at all time highs.

SPX earnings estimates keep coming down, while PE's keep going up.

Greed isn't going to pay off.



ogm,

With all due respect if you continue to call for a lower market you will be right one day. On July 29th you had the S&P on an all out sell and it shot straight up to 1705 and you have been running against this Bull for what seems like forever. Of course SOMEDAY you'll get that turn and the market will indeed fall but a paper trade account on your trades must look terrible.

I've learned that if I want a constant Bear view go to your post, and if I want a constant Bull view go to Printfaster's post. I've also learned that if you get ingrained in the I must be right attitude it's very easy to turn your money into $hi+.

My motto: Turn turn money into $hi+!!!

JDJ



There is no need to argue with me. The chart says sell. Russell or NYSE never flinched even on that spike up.

Posted Image

#18 zoropb

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Posted 08 August 2013 - 10:32 AM

I think this is a good time to use bounces to build longer term short positions.

Depending on what Longer term is to you, we do not know since you did not say what it was.

If your taking the next 65 es points from 1690 yes. We will see 1625 before 1755 by 8 to 1.

Have a nice day.

Edited by zoropb, 08 August 2013 - 10:33 AM.

I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#19 denmo83

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Posted 08 August 2013 - 10:58 AM

more girls' photos and less TA


Is that even possible?

#20 SemiBizz

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Posted 08 August 2013 - 11:10 AM

Take the internals off your screen, you will continue to be mis-led by them as long as volume stays light. I'll let u know when it's ok to turn them back on... somewhere around 2B Nasdaq, then you will have enough flow to get a reasonable readout. In the meantime the $Yen is leading the market. Figure that one out and you got it made... I bot YCS (short Yen) this morning at $Yen 95.80, if it tests 95, I am out. YCS 59.50 entry.

Edited by SemiBizz, 08 August 2013 - 11:13 AM.

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