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#11 alexnewbee

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Posted 07 December 2016 - 03:12 PM

 

Gents, don't get too cocky wink.png

I could be wrong - you could be right.

 

Well...it's hard to be cocky when you're right all the time! yes.gif

 

Fib

 

well, in a bull market, especially in the last stage, you are right most of the time. Untill you are suddenly wrong ;)


"we do G.d's work" Lloyd Blankfein

#12 qqqqtrdr

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Posted 07 December 2016 - 03:15 PM

It is really tough to know....    AAII is very Bearish, but Rydex Ratio is saying record low investment in Bearish positions...      How bullish is Christmas Sales?



#13 fib_1618

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Posted 07 December 2016 - 03:27 PM

 

 

Gents, don't get too cocky wink.png

I could be wrong - you could be right.

 

Well...it's hard to be cocky when you're right all the time! yes.gif

 

Fib

 

well, in a bull market, especially in the last stage, you are right most of the time. Untill you are suddenly wrong wink.png

 

 

A 40 + year track record, that covers both bull and bear markets, is hard to ignore.

 

<shrug>

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"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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#14 fib_1618

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Posted 07 December 2016 - 03:29 PM

How bullish is Christmas Sales?

 

Well if UPS, FED EX and USPS are any indication, their trucks have been filled to over flow for the last 3 days with Amazon packing tape on them.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"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.

Technical Watch Subscriptions



 


#15 alexnewbee

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Posted 07 December 2016 - 03:37 PM

 

 

 

Gents, don't get too cocky wink.png

I could be wrong - you could be right.

 

Well...it's hard to be cocky when you're right all the time! yes.gif

 

Fib

 

well, in a bull market, especially in the last stage, you are right most of the time. Untill you are suddenly wrong wink.png

 

 

A 40 + year track record, that covers both bull and bear markets, is hard to ignore.

 

<shrug>

 

Fib

 

I respect your opinion and your experience. 

But I have my as well. And expressed it - it is finally FF board, right? 

And of course you could be right and I could be wrong. :)


"we do G.d's work" Lloyd Blankfein

#16 LMF

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Posted 07 December 2016 - 03:37 PM

Investing is ZERO percent about trying to pick a top......EVER. 

 

Even around a short term top.....VIX has to be hanging out above the 20 day EMA, day after day.  Not right now....

And UVXY above the 15 min 200 MA for just the beginning of a start.....it's buried.

 

My equity put/call plot is showing the bottom was completed back in January this year.....and the next shot for a significant bottom looks like some time in 2018.



#17 NAV

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Posted 07 December 2016 - 03:42 PM

BTW, took 30 points my SPX long trade from yesterday. Maybe i caught the Top too. LOL !


Edited by NAV, 07 December 2016 - 03:50 PM.

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

 

https://twitter.com/Trader_NAV

 

 


#18 tsharp

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Posted 07 December 2016 - 08:24 PM

Some may remember the discussion in recent past regarding Dow Theory and the transports.  I suggested then that though the transports had not yet confirmed the new highs in the Dow, there was a RH&S formation, which if it played out, would take the transports to new ATHs... that happened today,  and also confirms the new ATHs in the Dow.  The target on that formation is still a bit higher, though there are also DTLs on the indicator line, which will likely present some resistance, before it gets up to the ~1000 level.

 

Link to SPX 60-min chart: http://postimg.org/image/a7ehnb3rt/

 

DTX_W_12_7_16.jpg



#19 pisces

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Posted 07 December 2016 - 09:23 PM

Gents, don't get too cocky wink.png

I could be wrong - you could be right. 

GS and JPM are the leaders, I know - well, check nov 2007 smile.png

Internals - well, again, check 2007. I think we are in last gasp, before Tramp comes in.

Boyz just need to unload on someone - and these will be funds and you looking at your TA. Show me rich TA expert. smile.png

 

Of course I could be wrong. But this is my opinion. 

 

Atta boy keep fighting it all the way to the top,



#20 alexnewbee

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Posted 08 December 2016 - 08:54 AM

a bit of correction.

well, I made some calculations today. probably best target for dow would be 19802-19820 +-

So some upside is left.


"we do G.d's work" Lloyd Blankfein