41 replies to this topic

[CLK]

Monday will be up, led by the Q's. After that, who knows ?


Nasdaq diverging with equal weight.


http://stockcharts.com/h-sc/ui?s=$NDX...&listNum=23

[arbman]

Once somebody came here and predicted that the market would go down something like 300 points the next day and it was accurate to the point. Of course, he didn't put his money where his mouth was. I hope you did.

[Rogerdodger]

Once somebody came here and predicted that the market would go down something like 300 points the next day and it was accurate to the point. Of course, he didn't put his money where his mouth was. I hope you did.

Hi Kisa. I was wondering if your previous post still holds for a decline at the end of January then up.
I think we went a bit lower than your projections.

Projections

Edited by Rogerdodger, 31 January 2015 - 11:17 PM.

[4caster]

[quote name='fib_1618' post='716344' date='Jan 31 2015, 05:31 PM'][quote name='csw2002' post='716339' date='Jan 31 2015, 02:01

As far as my being bullish or bearish, whatever the market tells me to be I follow its lead...I'm market neutral every single day.

Fib[/quote]
What a great statement. This is exactly why I'm a day trader and don't carry trades over night. This is why
yesterday I did 4 trades to the upside and 3 trades to the downside. As you know price is the ultimate
indicator.

[arbman]

Once somebody came here and predicted that the market would go down something like 300 points the next day and it was accurate to the point. Of course, he didn't put his money where his mouth was. I hope you did.

Hi Kisa. I was wondering if your previous post still holds for a decline at the end of January then up.
I think we went a bit lower than your projections.

Projections

I will post an update tomorrow, but the market broke the lower envelop for that projection to hold...

It did try to rally last week and got sold back down, currently a selloff below SPX 1960-1970 spells big trouble.

Any rally to rescue this market should come immediately.

[Rogerdodger]

Thanks buddy.
Here's one more possibility:

A Mini Crash Wave Is On The Horizon

What's Next: We should see a Feb 2 swing Low. If we decline below 1988 SPX, we will see a fast drop to test the Dec 16 Low at 1972.85 SPX and this decline below 1988 SPX opens the window for a Mini crash wave in February on the basis of a Crash pattern that is being followed very precisely. First, however, after the 2/2 Low, we should see yet another rally to another swing lower High. It is good to be on the right side of this move at the right time, are you ready?

[NAV]

This board has got the worst reputation for calling crashes. 99 out of 100 times, it's wrong - 1% odds. It's so bad, that it's like a weatherman calling a snowstorm in the middle of a warm sunny summer day. Yes, the 1% odds will also come true someday. Crashes happen when nobody forecasts it, nobody expects it. Just like what happened to the Swiss Franc couple of weeks back. I have learn't over the years, these crash calls have no basis in TA or FA, but are mere emotional outbursts when traders sense uncertainty and fear. Price declines brings out the primal fears in humans. Fear starts manifesting in various ways. Remember the Ebola scare on this board when we were making the Oct lows. The scare becomes so intense that even the die hard bulls disappear. When the markets recovers and starts making new recovery highs, the fear dissipate, the bears hide in shame and the bulls come out of the woodwork. Seen this play out over and over again. But who wins in all this madness ? - Somebody who can hold their head above shoulders, ignore all the noise, pull the trigger and have their stops in place. It's easy to get scared. That's what separates the men from the boys.

Edited by NAV, 01 February 2015 - 01:19 AM.

[MDurkin]

[quote name='4caster' post='716358' date='Jan 31 2015, 11:52 PM'][quote name='fib_1618' post='716344' date='Jan 31 2015, 05:31 PM'][quote name='csw2002' post='716339' date='Jan 31 2015, 02:01

As far as my being bullish or bearish, whatever the market tells me to be I follow its lead...I'm market neutral every single day.

Fib[/quote]
What a great statement. This is exactly why I'm a day trader and don't carry trades over night. This is why
yesterday I did 4 trades to the upside and 3 trades to the downside. As you know price is the ultimate
indicator.
[/quote]


What time frame are you trading?

[Data]

Can't really say that the Fed has lost control when they just started removing liquidity by shrinking the balance sheet ($ 12B).

http://www.ny.frb.or...ccholdings.html

[SemiBizz]

This board has got the worst reputation for calling crashes.

Yeah but look at all those page views, it's good for the site.