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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?
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#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 ! 


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#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 


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#14 Chilidawgz

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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.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil