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#1 CLK

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Posted 29 November 2017 - 09:42 AM

While people are using tight stops, going flat and shorting on a daily basis, the system is 

up 45 SPX points in two weeks. 

 

 

 

 

 



#2 NAV

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Posted 29 November 2017 - 09:53 AM

Nice chart. Did you make any money out of that chart ?


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#3 redfoliage2

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Posted 29 November 2017 - 10:01 AM

Watch GS and JPM and I'm long both.  Financial sector is getting lifted after yesterday's breakout.

Financials are catching up after the recent lagging behind ............


Edited by redfoliage2, 29 November 2017 - 10:09 AM.


#4 NAV

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Posted 29 November 2017 - 10:02 AM

S&P up 7 and Nasdaq down 25.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#5 redfoliage2

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Posted 29 November 2017 - 10:19 AM

S&P up 7 and Nasdaq down 25.

It looks to me like a ST rotational move..........



#6 NAV

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Posted 29 November 2017 - 10:28 AM

It's good to see you folks finally get bullish and not short the market, for a change. Maybe a major top is in making.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#7 redfoliage2

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Posted 29 November 2017 - 10:39 AM

It's good to see you folks finally get bullish and not short the market, for a change. Maybe a major top is in making.

There will be a major top, but it's a little early to focus on it now.  The mania is still on full force..............


Edited by redfoliage2, 29 November 2017 - 10:40 AM.


#8 CLK

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Posted 29 November 2017 - 10:41 AM

 

S&P up 7 and Nasdaq down 25.

It looks to me like a ST rotational move..........

 

 

Nice chart. Did you make any money out of that chart ?

 

 

 

I'm not trading it live right now, since it's an hourly close chart you would have to check it on the close of

every hour all day. 


Edited by CLK, 29 November 2017 - 10:41 AM.


#9 redfoliage2

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Posted 29 November 2017 - 11:26 AM

 

It's good to see you folks finally get bullish and not short the market, for a change. Maybe a major top is in making.

There will be a major top, but it's a little early to focus on it now.  The mania is still on full force..............

 

If the tax bill passes the Congress (I see it a 90% likelihood) I expect another 5% upside for SPX and then a major top may be around Feb/March next year.........


Edited by redfoliage2, 29 November 2017 - 11:29 AM.


#10 NAV

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Posted 29 November 2017 - 11:32 AM

 

 

It's good to see you folks finally get bullish and not short the market, for a change. Maybe a major top is in making.

There will be a major top, but it's a little early to focus on it now.  The mania is still on full force..............

 

If the tax bill passes the Congress (I see it a 90% likelihood) I expect another 5% upside for SPX and then a major top may be around Feb/March next year.........

 

 

Let's see if you will remain bullish until March. I doubt it though.


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

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch