39 replies to this topic

[salam]

Dear all

 

My work suggests we may have a little more upside on this low volume squeeze; perhaps a spike as high as 2110, but no higher. A close above 2112 and the rally from 2026 may take us to ATH in June.

 

I am positioned short Average price 2092 (having been stopped out @2072 from my previous swing short)

 

I will add on a break of 2072. Hard stop 2112; I dont normally accept a 20 point drawdown, but as I said, upside appears limited on this move.

 

Regards

 

Salam

[SemiBizz]

WSOP this year?

[alexnewbee]

thks.

I see it as a retest of high from 20th of April. So shorted 2088, stop above 2100. Also think the upside is limited.

[salam]

Dull market waiting for yellen to confirm rate hike....

 

2097/8 should hold (crosses fingers)

 

Semi; Work pressures prevent me going to WSOP this year, but I will definitely be there next year. Ive been having mainly minimum cashes this year on the UK tourney circuit, but will definitely post a big win

 

Also, I'm getting Married this Summer; Santorini, Greece....big decision big year!

[SemiBizz]

Dull market waiting for yellen to confirm rate hike....

 

2097/8 should hold (crosses fingers)

 

Semi; Work pressures prevent me going to WSOP this year, but I will definitely be there next year. Ive been having mainly minimum cashes this year on the UK tourney circuit, but will definitely post a big win

 

Also, I'm getting Married this Summer; Santorini, Greece....big decision big year!

 

Congratulations... it is a big decision, kids will be next...

[gameover]

IT is bullish

 

be careful

 

b.berg agents telling me they have 19k pegged for June quarterly target

[gm_general]

Another nail in the coffin I see popping up.

 

See first case vs. earlier case last Fall below for SP500. - the perfection of the analog pattern was marred a bit today as it crossed over the resistance.  On the other hand STO on SP500 is over 95, and I have no proof it matters that the line has to hold I have only the other example.

 

 

[Iblayz]

I think that we are in yet another B wave from an e-wave perspective. I do not think that this is the beginning of a Wave 3 up. The move has been too labored with two red candles in 6 days since the last bottom. Yes, they are small candles but......two red candles in the early stages of a Wave 3 up?......I doubt it. From a pure price perspective, I could see today as a top. But, I think it goes higher with my next target date as June 1st (for a high). Remember, it is "permissible" for a new local high (or low) in a B Wave. If I am right, and admittedly that looks like a big "if", then we are on the cusp of yet another Big C wave down. But, you just gotta love it. Players who wouldn't buy a thing 40-50 points ago are suddenly falling all over themselves to buy an overvalued market near it's highs in a sluggish economy.

[clueless]

I think that we are in yet another B wave from an e-wave perspective. I do not think that this is the beginning of a Wave 3 up. The move has been too labored with two red candles in 6 days since the last bottom. Yes, they are small candles but......two red candles in the early stages of a Wave 3 up?......I doubt it. From a pure price perspective, I could see today as a top. But, I think it goes higher with my next target date as June 1st (for a high). Remember, it is "permissible" for a new local high (or low) in a B Wave. If I am right, and admittedly that looks like a big "if", then we are on the cusp of yet another Big C wave down. But, you just gotta love it. Players who wouldn't buy a thing 40-50 points ago are suddenly falling all over themselves to buy an overvalued market near it's highs in a sluggish economy.

sluggish is an understatement. withdrawals are at record highs. not saying the fed banks cannot keep buying the index etfs to hide it. but reality has to set in sometime soon. 

http://www.moneyandm...ey-stocks-78575

 

Exhibit A: Stock funds around the world bled another $9.2 billion in assets in the week ended May 25, according to tracking firm EPFR. That raised total outflows to more than $100 billion for 2016 overall.

Exhibit B: A report from Lipper clocked outflows of $4.8 billion from U.S.-based equity funds in the most recent week. That boosted total U.S. outflows to $76.4 billion. Moreover, stock funds have NEVER seen so many assets walk out the door as they have in the last 22 weeks.

Exhibit C: It doesn’t seem to matter much whether stocks are up or down. Investors are yanking their cash regardless. Domestic equity mutual funds bled $23.8 billion in assets in April and $9.9 billion in assets in March, according to the Investment Company Institute. Those were both strong months for the S&P 500.

[AChartist]

RUT daily basis,

 

peak in 3 days, low in 14 days, absolute tear up starting about June 16

 

we'll see with another week if the weekly abides and it probably will be

 

able to reset a cycle low with a drop from 4 to 14 days.

 

I will be absolutely levered up if it looks this way dropping in a bit at mid June.

Edited by AChartist, 27 May 2016 - 09:02 PM.