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Change in market character


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#21 NAV

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Posted 31 January 2018 - 09:40 AM

Made 10 points on 1/3rd and lost 7 on 2/3rd. Pretty much a breakeven trade. Will wait for the next setup.


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#22 SemiBizz

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Posted 31 January 2018 - 09:43 AM

It seems to work well, give the bears an inch, then take a mile...

 

nasdaq013118d.thumb.JPG.6bcb6d7b6e8d286c

 

This time was more than an "inch"

 

So, the size of this pullback is pretty large...

 

We're either going to push a little higher, maybe test the high and tank...

 

Or we're going to see another very fast move here about 300 points higher targeting 7700...


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#23 NAV

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Posted 31 January 2018 - 10:00 AM

Gap fill at 2851.7 is possible. If we don't fill the gap and collapse here, it could get very busy on the downside.


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#24 NAV

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Posted 31 January 2018 - 10:01 AM

Shorted SPX 2833 with 2840.5 STOP


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#25 NAV

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Posted 31 January 2018 - 12:23 PM

No follow thru. Looks like a consolidation day.  Moved Stop to breakeven.


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#26 salam

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Posted 31 January 2018 - 12:38 PM

My trailing stop hit @2830 flat


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#27 CLK

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Posted 31 January 2018 - 01:32 PM

The last brick volume is high enough that even if the trend has turned down, it should print at least one up brick

if not more from here.

 



#28 SemiBizz

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Posted 31 January 2018 - 01:37 PM

I would not be surprised at all to see the market go into a BUYING PANIC before this is done...

 

Sort of it's own little "bitcoin blowoff" move.

 

There are a lot of ducks out there lining up.

 

FOMC 20 min

 

FB/MSFT tonight

 

Superbowl of Earnings Tomorrow Night AMZN, AAPL, GOOGL etc.

 

Friday Jobs report...


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#29 NAV

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Posted 31 January 2018 - 02:36 PM

Once 2818 breaks, there will be selling panic. Buying panic is over - it's been going on for over a month now.


Edited by NAV, 31 January 2018 - 02:44 PM.

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#30 CLK

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Posted 31 January 2018 - 03:05 PM

Five waves down from the top, they can still turn it here. I'm neutral on the market, but 2600 wouldn't surprise me either.