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#1 NAV

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Posted 10 November 2017 - 09:38 AM

IT: Uptrend 
ST: Correction
Intraday: Bias is down
Position: Cash
 
No change from yesterday. Those who bid up yesterday, got caught again in a gap-down. Twice bitten...

It's not the knowing that is difficult, but the doing. 


#2 Geomean

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Posted 10 November 2017 - 11:11 AM

There was a caller on Larry Pesavento's show on TFNN yesterday who very accurately outlined all of Tommy DeMark's exhaustion sell signals that are/ have been printing in the dailies and weekly charts of a number of US stock indices, which conform to the prints on the Trade Station platform. Consequently, we may begin seeing trade entry signals that will hit if the uptrend is over. This is not a high confidence outlook, personally my positions are or will be small starters and long volatility. The monthly DeMark signals generally have not triggered but can at lower prices later for the TDSEQ but not the TD Combo. Also, the Hurst models are giving inconsistent signals, with runs starting at the 1966 high generally showing tops, and runs starting with the 1921 low generally showing more weeks of up. The Russell is another story. It topped on Oct 5th at 1514.94 in conformity with this post on Oct 3 http://www.traders-t...-here/?p=770537The Hurst modeling on the Russell regardless of the start date is consistently bearish at this point.
Opportunity knocks on your door every day-answer it.