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Beware of Sharp Pullback Ahead of New Highs

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#11 da_cheif

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Posted 14 July 2017 - 09:59 PM

hi short interest spells doom for market.....short sellers are sophisticated traders    watch the sky



#12 pisces

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Posted 15 July 2017 - 03:10 AM

Someone once said, sometimes a picture is worth a thousand words:

 

20170714_EOD1_0.jpg

 

http://www.zerohedge...apses-2007-lows

 

Modest declines and more new HIGHS till yearend .this board is populated by folks that want to short an uptrending market .zorro.gif



#13 SemiBizz

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Posted 15 July 2017 - 10:46 AM

Probably going to see a short term high now built on an exhaustion gap, by end of week...

 

Then down through Mid-August

 

Then another leg up.

 

We did get a sharp pullback in the final 30 min that failed to meet any bearish objectives - we will see how successful that shorting barrage is on Monday...


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#14 pisces

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Posted 15 July 2017 - 01:42 PM

Probably going to see a short term high now built on an exhaustion gap, by end of week...

 

Then down through Mid-August

 

Then another leg up.

 

We did get a sharp pullback in the final 30 min that failed to meet any bearish objectives - we will see how successful that shorting barrage is on Monday...

 

agree with you , exept the comming downturn might not last till mid AUG, maybe less than 2 weeks from now.bull.gif



#15 alexnewbee

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Posted 16 July 2017 - 02:51 PM

probably this sharp pullback will start with a gap down tomorrow ;)

Just to make Fib a bit less cocksure :)


"we do G.d's work" Lloyd Blankfein

#16 da_cheif

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Posted 16 July 2017 - 04:10 PM

fib has been right for 15000 pts up....n u?



#17 redfoliage2

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Posted 17 July 2017 - 10:19 AM

NAZ is almost at the recent high but it looks tired today.  Is it the time for the sharp pullback?


Edited by redfoliage2, 17 July 2017 - 10:27 AM.


#18 SemiBizz

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Posted 17 July 2017 - 12:18 PM

Sharp pullback can come at any time... 7/19 is favored  + or - 2 days...

 

I do like 7/19 though.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#19 redfoliage2

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Posted 17 July 2017 - 01:39 PM

Sharp pullback can come at any time... 7/19 is favored  + or - 2 days...

 

I do like 7/19 though.

 

It looks there is a problem with SOX..............



#20 diogenes227

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Posted 17 July 2017 - 09:18 PM

Seven Naz days up and plenty of profits:

 

TAKING SOME OFF THE TABLE


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

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