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#1 pisces

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Posted 04 January 2017 - 11:45 AM

When all the shortcovering is done as most of the indexes make new Alltime highs , we will see some sort of marketdecline,count on it.   zorro.gif



#2 alexnewbee

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Posted 04 January 2017 - 12:32 PM

around 10th of Jan ;)


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#3 AChartist

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Posted 04 January 2017 - 12:41 PM

the RUT daily merely looks like a short correction low at 26 to 32 days away in middle of Feb

 

it can right translate some more time probably ok until inauguration then for end of month seasonality.

 

I was able to find some good stock charts to buy low are working for now.


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some of them, and they don't work"  M.Jordan


#4 gm_general

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Posted 04 January 2017 - 08:34 PM

20170104_notcheap_0.jpg

 

http://www.zerohedge...at-happens-next



#5 redfoliage2

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Posted 05 January 2017 - 09:41 AM

around 10th of Jan wink.png

May not need to wait that long.  The day is coming sooner...........


Edited by redfoliage2, 05 January 2017 - 09:41 AM.


#6 alexnewbee

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Posted 05 January 2017 - 09:57 AM

 

around 10th of Jan wink.png

May not need to wait that long.  The day is coming sooner...........

 

could be. but I feel they want that 20 k story and some time for it. 

well, as for the date I have a period from 6 to 12 for a turn. Price should tell it as well.

time will tell.


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#7 tsharp

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Posted 05 January 2017 - 10:27 AM

FWIW, there is a RH&S on the SP00s... looks to carry upward to the ~2310 range if it plays out... time will tell.

 

Link to SP00 240-min chart:  https://postimg.org/image/41ilkl9ll/

 

SP00_240_min_1_5_17.jpg



#8 tsharp

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Posted 05 January 2017 - 11:10 AM

And this from yesterday's update:

 

Link to SPX 60-min chart:  http://postimg.org/image/nupng6gnt/

 

SPX_60_01_04_17.jpg



#9 redfoliage2

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Posted 05 January 2017 - 11:15 AM

FWIW, there is a RH&S on the SP00s... looks to carry upward to the ~2310 range if it plays out... time will tell.

 

Link to SP00 240-min chart:  https://postimg.org/image/41ilkl9ll/

 

SP00_240_min_1_5_17.jpg

 

No inverted H&S seen from your chart.  I guess it's just your projection.   SPX made a lower high and was rejected from the trend line resistance.  Now I'd expect a lower low........


Edited by redfoliage2, 05 January 2017 - 11:25 AM.


#10 pedro

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Posted 05 January 2017 - 11:04 PM

Not until nearer to end of month, is my take.

$ about to resume climb.

Bonds about to resume tankage.

Along with non $ fx and PMs.

 

Moreover, if and when we do see an IT turn, it will be a correction, not a top.

Tradeable correction though.   Quite.