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Bulls are acting like they have been castrated!

Pathetic Breakout

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#1 Iblayz

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Posted 23 August 2016 - 02:34 PM

They are standing in front of a heifer and literally don't know what to do. A pathetic advance. You hang around the highs for weeks and weeks and weeks on end.......and come right back to them after every single selloff and........finally break them and what do you do? For over a month's worth of trading days you average less than TWO.....yes TWO.....points a day after the big breakout. Really?

 

I haven't changed any of my expectations except as it relates to price. The way this is going they might not even break 2000!



#2 fib_1618

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Posted 23 August 2016 - 03:03 PM

Don't you love high level consolidations?

 

That said...watch the small caps...they're the leaders right now.

 

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#3 alexnewbee

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Posted 23 August 2016 - 03:14 PM

they are being sold to..


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#4 Iblayz

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Posted 23 August 2016 - 03:39 PM

Yes I have noticed the RUT trying to play catch-up as the dominoes fall one by one. But still.........pathetic. I've got lines all over my ES chart. Bulls can't even hold most of them for a few minutes.



#5 Iblayz

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Posted 23 August 2016 - 03:57 PM

They are standing in front of a heifer and literally don't know what to do. A pathetic advance. You hang around the highs for weeks and weeks and weeks on end.......and come right back to them after every single selloff and........finally break them and what do you do? For over a month's worth of trading days you average less than TWO.....yes TWO.....points a day after the big breakout. Really?

 

I haven't changed any of my expectations except as it relates to price. The way this is going they might not even break 2000!

 

Uh, was in a hurry and didn't edit very well. I meant.....they might not even break 2200.



#6 fib_1618

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Posted 23 August 2016 - 04:11 PM

 

They are standing in front of a heifer and literally don't know what to do. A pathetic advance. You hang around the highs for weeks and weeks and weeks on end.......and come right back to them after every single selloff and........finally break them and what do you do? For over a month's worth of trading days you average less than TWO.....yes TWO.....points a day after the big breakout. Really?

 

I haven't changed any of my expectations except as it relates to price. The way this is going they might not even break 2000!

 

Uh, was in a hurry and didn't edit very well. I meant.....they might not even break 2200.

 

 

High level consolidations take place to frustrate both sides of the trade while the internals ease off their imbalances.

 

Plus it's August so not much in the way of commitments.

 

Patience on SPX 2200...I would say we'll be above it by Friday.

 

Fib

 

P.S. for Alex...it's not distribution...small caps don't lag...they lead on the promise of cheaper money yet to come.


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"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#7 prognosticator

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Posted 23 August 2016 - 07:01 PM

 

 

They are standing in front of a heifer and literally don't know what to do. A pathetic advance. You hang around the highs for weeks and weeks and weeks on end.......and come right back to them after every single selloff and........finally break them and what do you do? For over a month's worth of trading days you average less than TWO.....yes TWO.....points a day after the big breakout. Really?

 

I haven't changed any of my expectations except as it relates to price. The way this is going they might not even break 2000!

 

Uh, was in a hurry and didn't edit very well. I meant.....they might not even break 2200.

 

 

High level consolidations take place to frustrate both sides of the trade while the internals ease off their imbalances.

 

Plus it's August so not much in the way of commitments.

 

Patience on SPX 2200...I would say we'll be above it by Friday.

 

Fib

 

P.S. for Alex...it's not distribution...small caps don't lag...they lead on the promise of cheaper money yet to come.

 

Appreciate your contributions. Thanks.



#8 SemiBizz

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Posted 23 August 2016 - 08:19 PM

It's the SOX that's leading here, not RUT...

 

Carving into 15 + year highs...

 

Reminiscent of the Dotcom days....

 

Pretty soon the takeover frenzy will subside, along with the chip stocks...


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#9 Iblayz

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Posted 23 August 2016 - 10:01 PM

Bulls, in the cash and current globex session, have now lost SEVEN support/resistance lines that were taken clean in last night's globex session. So what now........give up the SPX gap after ONE DAY? Whoopeeee. Instead of chasing heifers, they are sitting in the corner of the pasture playing Tiddly Winks.



#10 NAV

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Posted 23 August 2016 - 11:43 PM

 

 

.small caps don't lag...they lead on the promise of cheaper money yet to come.

 

I thought the theory was money flow is a leading indicator of future price action. Now you are saying price action is a leading indicator of future money flow. Another oxymoron, conundrum, if you will. yes.gif


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