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#1 NAV

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Posted 27 September 2016 - 11:10 AM

http://www.traders-t...=+uber +bullish

 

C'mon folks the third waves can't be this bad !
 
My point is not to ridicule anybody here or their analysis. We all get it wrong at times in the markets. The point is that when too many people converge on this board with the same idea, it's game over ! It's a 200% fade. Even a long term breakout could not get a follow thru. Pretty much everyone were calling for a third wave blast of some sort from minute to primary degree. The move turned to be flaccid than a ...never mind :-)
 
And those big blasts occur when the board is quiet without any prognostications and chest thumping. Like the blastoff from Brexit lows.
 
 
China
 
Where are the china Uber bulls these days? Punter, who called China the greatest buying opportunity of our lifetime disappeared. Nobody discusses about the super-power of 21st century anymore laugh.png  ? Jim rogers is horribly wrong. China is the largest fastest credit bubble in the history of mankind.
 
UBER
 
Now that leaves us with the biggest ponzi tech business of our times valued at 60 billion. They are burning a billion a year. I am watching with interest.
 
 
 

"It's not the knowing that is difficult, but the doing"

 

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#2 NAV

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Posted 27 September 2016 - 11:33 AM

SPX 2161.5 will turn my swing bullish and i will flip long. Below that level, swing remains bearish.


"It's not the knowing that is difficult, but the doing"

 

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#3 Charvo

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Posted 27 September 2016 - 10:33 PM

I agree with the China credit bubble.  One of the consequences of the credit bubble in China has been rapidly increasing housing prices which might be destabilizing.  When the PBOC reins in the liquidity to stem the housing price increase, the Chinese stock market will have be negatively affected.

 

I read Snapchat is going to do an IPO next year.  I cannot fathom the Nasdaq dropping big until Wall Streets dumps Uber off on the public.



#4 NAV

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Posted 28 September 2016 - 08:56 AM

Today the bull-bear line to go long has been shifted to SPX 1265. Shorts below that. Long above that.

 

If longs are trigerred, STOP would be SPX 1256


"It's not the knowing that is difficult, but the doing"

 

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#5 gm_general

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Posted 28 September 2016 - 05:52 PM

 

http://www.traders-t...=+uber +bullish

 

C'mon folks the third waves can't be this bad !
 
My point is not to ridicule anybody here or their analysis. We all get it wrong at times in the markets. The point is that when too many people converge on this board with the same idea, it's game over !
 

 

 

Hahahahaha! I see what you did there. :)