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#1 da_cheif

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Posted 07 March 2018 - 03:40 PM

http://www.siliconin...?msgid=31514826



#2 OEXCHAOS

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Posted 07 March 2018 - 04:20 PM

From my comments last night:

 

"This evening, the market was hit for about 35 points on the Cohn news. That fits with our plan pretty well. I don't think that you can or should trade on news, save to, generally, fade it. The action today turned the ITBM back up and it's a hair from confirming a Buy. ST and IT Momentum have confirmed Buys. We've got a VIX P/C Buy. This decline is fairly likely to be bought, subject to review."


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#3 cycletimer

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Posted 07 March 2018 - 04:26 PM

From my comments last night:

 

"This evening, the market was hit for about 35 points on the Cohn news. That fits with our plan pretty well. I don't think that you can or should trade on news, save to, generally, fade it. The action today turned the ITBM back up and it's a hair from confirming a Buy. ST and IT Momentum have confirmed Buys. We've got a VIX P/C Buy. This decline is fairly likely to be bought, subject to review."

You nailed it Mark on the buy signal



#4 fib_1618

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Posted 07 March 2018 - 06:12 PM

I'll throw this in from yesterday's chat session:

 

fib1618: so...
fib1618: it looks like the boys on the floor are providing a gift to the longs
fib1618: especially if the TRIN numbers are high...let's look
fib1618: NYSE TRIN at 1.21
fib1618: Open 10 at 1.12
fib1618: still "oversold" there
fib1618: NASDAQ TRIN at .97
fib1618: Open 10 at .96
fib1618: so not technically "oversold"
fib1618: but given the current price structure
fib1618: this would suggest that prices are finding good underlying support at these levels
fib1618: so unless the market decides that the economy can't move forward without the guidance of one individual
fib1618: any sell off here would likely be an important buy point

 

We'll look at today's action within the hour.

 

Fib


Edited by fib_1618, 07 March 2018 - 06:16 PM.

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#5 SemiBizz

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Posted 07 March 2018 - 09:14 PM

From Today's (3/7/18) SPX Forecast (posted ahead of Cohn News yesterday afternoon)

 

SPX - MARGINALLY HIGHER HIGH AND CLOSING HIGH as it closed at 2728 on short term resistance , closing up just a marginal 7 points coming on LIGHTER VOLUME/BEARISH UPTHRUST... So this looking a little bit tired here... we expect that we could see some downside testing, but as long as volume remains light, we could still see some further upthrust... Today was a neutral.  SPX closed at 2728.  Now we did get ANOTHER EXTREME CLOSING PLUS TICK of 587.00 and that cumulative plus tick continues to grow... a stronger pullback is expected... This time we expect to see that overnight and a gap down tomorrow.  We'll see if we're wrong...

 


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#6 NAV

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Posted 07 March 2018 - 09:40 PM

Looks like i was the only one wrong today. cry2.gif


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#7 da_cheif

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Posted 07 March 2018 - 10:04 PM

Looks like i was the only one wrong today. cry2.gif

u wernt wrong .....the market was.......



#8 claire

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Posted 07 March 2018 - 11:18 PM

Looks like i was the only one wrong today. cry2.gif

Or, you're the only one willing to admit it!  BTW, thanks for your updates on your trades.



#9 Shaggies_View

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Posted 08 March 2018 - 04:08 AM

Rocketman was the only one who I respect for putting his forecast out there for free - Kudos to the Rocketman.



#10 OEXCHAOS

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Posted 08 March 2018 - 09:07 AM

Looks like i was the only one wrong today. cry2.gif

 

Shut up! You've been tearing the cover off the ball lately!!!

 

M


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