gap and run. up.
70% probability of a gap down tomorrow...
Started by
kinga200
, Jan 17 2017 03:59 PM
14 replies to this topic
#11
alexnewbee
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Posted 18 January 2017 - 05:58 AM
"we do G.d's work" Lloyd Blankfein
#12
CLK
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Posted 18 January 2017 - 06:17 PM
I doubt it, looks like another doji up for tomorrow. They had their chance today and bought it again.
Looking for selling tomorrow, shorted the close.
#13
pisces
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Posted 19 January 2017 - 05:05 AM
A trade called the Jan Defect goes short at close tomorrow and exits 1/27 in QQQ. Seasonality in presidential cycle says we go up during the same time period. Can't do both, but looking for the down move, since accurate cycle analysis by R Smith calls for down from now until July in markets. Minor correction in the March\April time period. This analysis was surprisingly very accurate in last years behavior. I will use DIA or IWM to short instead of QQQ, since they appear to be weaker.
Who is R Smith ? TIA.
#14
opinionated
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Posted 19 January 2017 - 07:44 AM
Bottom 1-30 -2-1- 17 then strong rally into mid feb and a deep decline mid march...
Write it Down...
#15
CLK
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Posted 19 January 2017 - 07:02 PM
Have we even got a 1% down day since the Nov. lows ? I thought today would have
at least held the lows. I think what is going on is that since we went up on the Trump
win, a lot of people are expecting fireworks tomorrow when he is put in office.
I think just the opposite, sell the fact. Whatever is going on, the dips are getting
bought big time. The more times this happens and it is a top, the farther and quicker it will fall
when it happens for real, many will be trapped at the top. We need a 50% retrace of the run to reset this market at least.
I didn't cover, maybe I should have, but I will wait and see what happens.
