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This market is unhealthy


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#11 Chilidawgz

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Posted 14 November 2017 - 11:25 AM

Nav, I'm not Fib but my system has Intermediate on a buy. I would need to see a drop of about 5% on the SPX and NASDAQ to turn negative longer term. That said, I am in cash currently waiting see if short term the markets can turn positive. I don't short term trade like you guys, retirement money at my end so I have to look at the market differently from most on the board. For my style that Nov 2016 run to about last week was enough to cash my chips in for a while and watch the action.


Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
 
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).
 
 

#12 NAV

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Posted 14 November 2017 - 11:28 AM

Nav, I'm not Fib but my system has Intermediate on a buy. I would need to see a drop of about 5% on the SPX and NASDAQ to turn negative longer term. That said, I am in cash currently waiting see if short term the markets can turn positive. I don't short term trade like you guys, retirement money at my end so I have to look at the market differently from most on the board. For my style that Nov 2016 run to about last week was enough to cash my chips in for a while and watch the action.

 

Good trade Chilidawqz ! 


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


#13 diogenes227

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Posted 14 November 2017 - 01:03 PM

 

If i put a gun to your head, would you call it IT bullish or bearish ?

 

P.S - If you were to put a gun to my head, i would say without hesitation, per my system, it's bullish.

 

 

Let's be aware that in a maniac stage of the market many traditional tools may not working as expected.

 

I would be willing to bet, no matter what stage a market is in, that a gun to the head, as a traditional tool, remains effective.

 

rolleyes.gif But maybe Fib will come along soon and prove me wrong.  smile.png 


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

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#14 Chilidawgz

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    A fool and his money... (the second mousie gets the cheese)

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Posted 14 November 2017 - 09:38 PM

New lows continue to expand

 

sick.jpg

sicker.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
 
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).