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Bullish close ?


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#1 CLK

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Posted 31 May 2018 - 09:11 AM

Who else shorted the highs yesterday ? Plenty of bulls posting after the run up.



#2 alexnewbee

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Posted 31 May 2018 - 12:23 PM

Just wating for Da Fib or the Cheaf to appear - for short signal to get triggered.


"we do G.d's work" Lloyd Blankfein

#3 Data

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Posted 31 May 2018 - 12:58 PM

If you're always watching over your shoulder, then you have no strategy.  In poker, looking over your own shoulder doesn't avail to what hands they're holding.



#4 tsharp

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Posted 31 May 2018 - 01:24 PM

Welp... I'm still bullish, and here's what I see at this juncture...

 

SP00_240_5.31.18.jpg

 

Link to chart:  https://postimg.cc/image/5toup4c61/



#5 alexnewbee

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Posted 31 May 2018 - 01:28 PM

just fun. don't worry.


"we do G.d's work" Lloyd Blankfein

#6 alexnewbee

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Posted 31 May 2018 - 01:28 PM

Welp... I'm still bullish, and here's what I see at this juncture...

 

SP00_240_5.31.18.jpg

 

Link to chart:  https://postimg.cc/image/5toup4c61/

short big 2750-770


"we do G.d's work" Lloyd Blankfein

#7 CLK

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Posted 31 May 2018 - 01:34 PM

I usually see wave 2's as 80% pullback.



#8 Rich C

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Posted 31 May 2018 - 03:22 PM

Who else shorted the highs yesterday ? Plenty of bulls posting after the run up.

 

I didn't short the close on Wed., but I bought a little SDS on Tuesday.  The bounceback on Wed. was strong, but I held to see what happened today.  Net, I'm down a little, waiting for Friday.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#9 tsharp

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Posted 31 May 2018 - 05:58 PM

I usually see wave 2's as 80% pullback.

 

 

Wave-ii can be anywhere from .146 - .886, with .382 and .618 being most common, though there are also running wave-ii's to a net gain.  The reason I labeled as such, is due to coming out of the contracting diagonal triangle... a back-test to the top of the DTL seemed necessary, and two tests have held, so it seems a successful wave-ii is complete... at least at this time.



#10 CLK

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Posted 01 June 2018 - 01:46 AM

I think it's best for the summer to just day trade the gaps, any breakout will likely go a little more then turn back, so there will be too much chop for swing trading if history is any guide.