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Market Update: August 2, 2017

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#21 draggen33

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Posted 03 August 2017 - 02:19 PM

 

 

Today my data is telling me we go higher into early August 8 on the SPX and late August 7 for the Dow Indu.  A drop to 2265.22 roughly is my call for the bottom on August 14. I'm sticking to this one.

 

Do you pay attention to breadth at all?  You are now looking for strength exactly when you should be looking for weakness.  NySE McClellan went below 0.  NDX McClellan is getting quite weak.  Ok summation is really high for both and any kind of down move is not going to stick but if one was looking for weakness in order to short short term, this is the time.  BWTFDIK

 

Yup.  My sentiments exactly!

 

why must people attack someone over predictions this is why this web site has less and participants !!  Why cant we just say thxs see what happens instead of calling them out ,we have all been wrong (GOD knows i have) !!this web site or forum would be much better if people stop calling someone out because their wrong ,be happy they are sharing !! If not than you'll reap what you sow!!!


Edited by draggen33, 03 August 2017 - 02:21 PM.


#22 blustar

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Posted 04 August 2017 - 08:54 AM

 

 

 

Today my data is telling me we go higher into early August 8 on the SPX and late August 7 for the Dow Indu.  A drop to 2265.22 roughly is my call for the bottom on August 14. I'm sticking to this one.

 

Do you pay attention to breadth at all?  You are now looking for strength exactly when you should be looking for weakness.  NySE McClellan went below 0.  NDX McClellan is getting quite weak.  Ok summation is really high for both and any kind of down move is not going to stick but if one was looking for weakness in order to short short term, this is the time.  BWTFDIK

 

Yup.  My sentiments exactly!

 

why must people attack someone over predictions this is why this web site has less and participants !!  Why cant we just say thxs see what happens instead of calling them out ,we have all been wrong (GOD knows i have) !!this web site or forum would be much better if people stop calling someone out because their wrong ,be happy they are sharing !! If not than you'll reap what you sow!!!

 

Thank you! People in glass houses shouldn't throw rocks. Jesus said it best, "You who are without sin cast the first stone" (as he was writing down their sins on the ground).

 

What is amazing about most people that are quick to criticize is, they are seldom quick to apologize.


Blessings,

 

blu

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#23 12SPX

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Posted 04 August 2017 - 12:04 PM

Gotta agree Blu, as I understand it this is supposed to be a "Traders" site so people should have respect for each others calls right o wrong.  I can say that from my 30 plus years of experience that the way this market is set up it could easily fall -5% at any time and then bounce right back.  Its easy to be continually bullish forever in a market that has no volatility but it wont last forever and then we'll see how these guys do then!



#24 SemiBizz

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Posted 04 August 2017 - 12:36 PM

We've already seen them in this lifetime, not too many years ago...

 

They continually buy the dips all the way down !!

 

and cough them up periodically.

 

So we've already seen this movie.

 

The sequel is coming soon...

 

It will be complete with German subtitles...


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