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Bear Trap


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#1 TradeMark

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Posted 31 January 2018 - 03:47 PM

It seems to me that the bear trap has been set.  Past two days decline, failed rally earlier today, and now recovery from that rally failure.  Earnings after the close likely to be the spring to close the trap.  Getting interesting.  Long and watching. 

 

TM 



#2 NAV

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Posted 31 January 2018 - 04:05 PM

You could be right. Great earnings = Gap up ! That's the obvious conclusion.

 

All those who missed the rally from December will be buying the dip with both hands. And if we don't rally......

 

I am short though.


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

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)

 

 


#3 da_cheif

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Posted 31 January 2018 - 06:04 PM

oops....



#4 salam

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Posted 31 January 2018 - 06:35 PM

Could be an interesting island reversal if we gap up and hold tomorrow into fridays job numbers.

Unless we close below 2805, I'm gonna continue scalping trades with 3-5 point risk.

Missed most of the move down today, but happy with the beer money trading for two days below the 5dma.

Sadly I had a limit order buy just below 2810 which didn't fill.

The bear in me would like to short bigger, but weekend approaches and they like to close it up Fridays.
I'm not sure what my future holds... But I know who holds it.

#5 melonseed

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Posted 31 January 2018 - 06:39 PM

The gap is selling off. Before major markets open. It can' t get anymore bearish than this. Let's see if we make 4 down days and crash.


Edited by melonseed, 31 January 2018 - 06:40 PM.

Trade safe.

#6 da_cheif

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Posted 31 January 2018 - 07:58 PM

The gap is selling off. Before major markets open. It can' t get anymore bearish than this. Let's see if we make 4 down days and crash.

u shud  learn clx analysis and rsi.s and lotsa other ********



#7 da_cheif

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Posted 31 January 2018 - 11:09 PM

 

The gap is selling off. Before major markets open. It can' t get anymore bearish than this. Let's see if we make 4 down days and crash.



#8 tommyt

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Posted 01 February 2018 - 12:02 AM

"Let's see if we make 4 down days and crash."

 

Are you talking bitcoin? cause the stock market isn't crashing off of its first dip from ATH highs.