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Intermediate term update


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#1 NAV

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Posted 18 May 2017 - 12:13 AM

We had a dramatic sell-off today, but not enough to create a Intermediate term selloff. Any trend turn is a function of price and time erosion f(p,t). We either need sufficent depth of sell-off (brexit like selloff) or time based erosion where the price slowly rolls over. We have neither, as of today's close. It's still day one and the price action is safely above IT pivots. We are back to square one, where we were a few weeks back, when we found support near SPX 2330 area and took off. We might trade down a bit lower and fill the gaps. We need to trade below 2350 and spend some time below it, before we can call it a IT sell. 

 

Again i am not trying to say my IT turn is superior to others or my IT sell is absolute. To me, if my IT indicators does not allow me to milk the rally to the fullest, it's a shame. If my indicators didn't allow me to participate the last 2 months of fantastic rally, it's a shame. An IT buy or sell signal need to allow me to capture the large advance or decline. It's not about catching the TOP or BOTTOM.

 

Will update if i see an IT turn.


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#2 NAV

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Posted 18 May 2017 - 01:48 AM

the last 2 months of fantastic rally, it's a shame.

 

 I mean't last 6 months.


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#3 dasein

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Posted 18 May 2017 - 07:34 AM

 

has anyone seen these "crypto currency" moves? any thoughts on big moves coming?

 

thanks


best,
klh

#4 gismeu

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Posted 18 May 2017 - 07:50 AM

Thanks NAV,

 

gis


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#5 kssmibotm

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Posted 18 May 2017 - 01:56 PM

 

has anyone seen these "crypto currency" moves? any thoughts on big moves coming?

 

thanks

Thanks for posting the askSlim video.  I never heard of this guy before.  If you can get past his 60's hippie appearance, he provides some pretty interesting analysis.



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#6 pisces

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Posted 19 May 2017 - 07:30 AM

 

 

has anyone seen these "crypto currency" moves? any thoughts on big moves coming?

 

thanks

Thanks for posting the askSlim video.  I never heard of this guy before.  If you can get past his 60's hippie appearance, he provides some pretty interesting analysis.

 

 

Agree,found out about him a few month ago , i like his cycle analysis...



#7 dasein

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Posted 19 May 2017 - 10:39 AM

glad you like him - hey I have a ponytail too! I had a bd yesterday and I am of that era - but did anyone notice any crypto currency moves - I dont follow that!


best,
klh

#8 Venatici

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Posted 19 May 2017 - 01:32 PM

The hype of crypto currencies, no future in them.

Why? Because what they all have in common is that they exist only in finite amounts. Do we need another gold alternative?

Yes crypto currencies provide anonymity, but that is it.

Fiat currency is the thing. So far the only way to accommodate expanding economies.



#9 kssmibotm

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Posted 19 May 2017 - 07:01 PM

glad you like him - hey I have a ponytail too! I had a bd yesterday and I am of that era - but did anyone notice any crypto currency moves - I dont follow that!

 

Check out GBTC.  I have a small position.



People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.