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So, Will They Take Out the 50-Hour?


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#1 OEXCHAOS

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Posted 19 April 2017 - 12:11 PM

I'm 7 to the good, but the 50-hour has held thus far.

Will they give me my 10 points on the short side or not?

 

I'm going to snug my stop down a bit, because at the end of the day I don't like fighting a "Secret Hedge Fund" Buy in a Bull Market.

 

I think we have some more work to do first, but soon, we should be off to the races higher.

 

M


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#2 OEXCHAOS

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Posted 19 April 2017 - 12:55 PM

Above, below, above!

 

GAH! It would be easier to just put bamboo under my nails!!!

 

M


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#3 SemiBizz

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Posted 19 April 2017 - 01:07 PM

I can't tell you the day, but soon... expecting intraday spike on VIX...

 

500 Dow point decline, like that.


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#4 Geomean

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Posted 19 April 2017 - 01:28 PM

I just closed my ESM17 short at the 1.618 extension of the a-b from this am in the 10 min chart.


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#5 OEXCHAOS

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Posted 19 April 2017 - 01:52 PM

Just closed mine at 233700 for 10.

 

Frankly, I'm tempted to look long at 233475, except that we don't officially have an hourly Buy, and won't until 3:30, which is late.

 

In any case, the performance keeps coming in, 3 steps forward, one step back... I'll take it.

 

M


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#6 pedro

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Posted 19 April 2017 - 02:29 PM

I can't tell you the day, but soon... expecting intraday spike on VIX...

 

500 Dow point decline, like that.

 

Yeah, with R holding at the 50dma (235x), it seems pretty reasonable to expect a test of the 200 next.

And that's quite a ways down.    I doubt the recent lows hold, either way.    And when they don't .....



#7 OEXCHAOS

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Posted 19 April 2017 - 02:55 PM

No long possible at 3:30, as we closed under the Bollinger Bands.

 

Just 10 points for the day, then.

 

M


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