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Swing long


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#1 NAV

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Posted 05 March 2018 - 02:51 PM

Long at SPX 2720 with  stop at 2713


Edited by NAV, 05 March 2018 - 02:53 PM.

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

 

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#2 EliottWave5

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Posted 05 March 2018 - 03:09 PM

Hi NAV,

 

First time poster, long time lurker.  Specific follower of posts by you, fib, and Mark.  I've been long with Mark since his "Secret Hedge fund" buy signal was announced shortly before the market open on Tuesday Feb 6.  I have also always taken your posts very seriously--your post 'Change of Market Character' is why I had cash on hand to invest at that time!  So, thanks to both of you.  

 

Previously you had described a potential break in the opposite direction today as a 'swing short' and elaborated that you saw it as a "Wave 3"  type event.

 

Do you view this swing long as an event of comparable magnitude?



#3 NAV

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Posted 05 March 2018 - 03:15 PM

Elliotwave5,

 

This is a dynamic environment. Things change very quickly. I way i see it, if we sustain the rally into the close, we are headed towards 2800. If we fail here and breakdown, we could still have a wave 3 down kind of selloff. Right now, as it stands, i will have to go with the 2800 scenario. If it changes, i will update here.


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#4 SemiBizz

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Posted 05 March 2018 - 03:27 PM

You know it's only fitting that we celebrate the 9th BirfDay of the Bull Market with new highs tomorrow...yes.gif

 

I'll gonna channel W.D. Gann from the cosmos and wait for that higher high  zipped.gif


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#5 MDurkin

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Posted 05 March 2018 - 03:29 PM

Junk not confirming this move.