4 replies to this topic

[diogenes227]

I told you so! 

 

This is a follow up to a post titled "IT RHYMES" (which had no replies besides my own "talking to myself ) and was a:

 

A NOV 13th POST THAT WAS A FOLLOWUP TO A NOV 6th POST

 

It is said history may not repeat so much as it rhymes.

 

Repeats, rhymes, whatever.  This time looks more like a repeat.

 

The chart below featuring the Nasdaq Comp (the heavy green line with the diamond) shows the market action pre-election and the reaction since in comparison to the Brexit sell-off in June (the plunge on the left). Note the one-day dips before the next big run in both instances (the darker green circles) -- yeah, at least a rhyme.

 

 

In other words, said it was coming and now here it is.

 

 

And my simple master chart with the 40 sells again on my nifty-fifty stock list so obvious once again:

 

:

 

If I had to guess now I'd guess today was a blow off to the upside for the moment, might get another day or two if it desperately wants to blow some more but more likely a dip any minute or at least soon before more to the upside, continuing the "rhyme" with the post-Brexit rally.

 

Good luck and good trading.

 

 

[NAV]

Good work and good luck with your trading!

 

Unless you use words like "melt-up" or "crash" or create some drama, on this board, you would be talking to yourself. 

Edited by NAV, 07 December 2016 - 09:27 PM.

[OEXCHAOS]

I read it. I just was too busy to comment!

 

Mark

[diogenes227]

Good work and good luck with your trading!

 

Unless you use words like "melt-up" or "crash" or create some drama, on this board, you would be talking to yourself. 

 

Thanks and:

 

 

Okay I'll say it -- this market is in a M-E-L-T-U-P!

 

The only day the rest of this year that will NOT BE AND UP DAY will be -- Christmas Day!

 

Good luck and good trading.

 

P.S. Short everything.

[OEXCHAOS]

A Crash is coming! It might be a Crash UP, however! LOL!

 

Seriously, thanks for sharing your work.

 

Mark