Jump to content



Photo

Big Drop Now?

SPX

  • Please log in to reply
15 replies to this topic

#1 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,180 posts

Posted 31 July 2018 - 12:11 PM

I was looking for around 2821/22 today and we got 2824.  Now I'm looking for the 2605 area by Friday and around 2553 by Wednesday next week with a bounce in between Fri/Mon to around 2744 SPX.

 

The FANG stock look ready to implode!  They are rotating from growth into value.


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#2 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 18,006 posts

Posted 31 July 2018 - 01:06 PM

maybe tomorrow...........



#3 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 31 July 2018 - 01:35 PM

Too many mysteries to be bought/sold here...

 

AAPL, F'eds, Jobs Report...

 

Gotta be patient, let your upside price targets hit...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#4 LMF

LMF

    Member

  • Traders-Talk User
  • 801 posts

Posted 31 July 2018 - 05:39 PM

New all time monthly closing high for QQQ in July.  Rising 200 day MA that ain't gonna go away yet......flat out impossible for a significant top to form under such conditions.  A top could start with the 200 day MA going sideways.  Look where price was 9.25 months ago.....



#5 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 01 August 2018 - 01:28 AM

I was looking for around 2821/22 today and we got 2824.  Now I'm looking for the 2605 area by Friday and around 2553 by Wednesday next week with a bounce in between Fri/Mon to around 2744 SPX.

 

The FANG stock look ready to implode!  They are rotating from growth into value.

 

Whoa ! More than 200 points moves in 2 days ? That's bigger than 3 standard deviations move. It means you have less than .003% odds on your side that your forecast will come true. And to add to the excitement, you throw in an another 144 point move to the upside, another 3 standard deviation move between wed and fri. And then a final climactic drop of another 200 points, another 3 standard deviation move to the downside. Three of 3 standard deviations moves in a week. It has never happened in history. Wow, i thought i had seen it all. This one takes the take the cake. I gotta bookmark it. laugh.png laugh.png


Edited by NAV, 01 August 2018 - 01:29 AM.

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

 

https://twitter.com/Trader_NAV

 

 


#6 trioderob

trioderob

    Member

  • Traders-Talk User
  • 1,295 posts

Posted 01 August 2018 - 01:41 AM

what I want to know is if he actually makes money on  his calls based on the postion of stars and planets.

 

if so - please someone tell  me in logical terms how that can be ?



#7 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,477 posts

Posted 01 August 2018 - 07:53 AM

Yes think pretty low odds, maybe a surprise rate hike today would do it.  Fed might want to say {oh yeah, I'm gonna be put on moderation} Trump don't try to tell us what to do lol!!



#8 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,017 posts

Posted 01 August 2018 - 08:00 AM

what I want to know is if he actually makes money on  his calls based on the postion of stars and planets.

 

if so - please someone tell  me in logical terms how that can be ?

 

Well, I can't speak to the OP, but I watched Arch Crawford for a long time and I concluded that Astro is essentially Cycles. And that "works" (not for me, but others find value and there is observable validity).


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#9 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,477 posts

Posted 01 August 2018 - 08:58 AM

Also used to follow him, was amazing how accurate he was actually.  He used to like to quote the Bradley cycle a lot.  Haven't seen one of those charts in some time if anyone has one please post!



#10 Spectacular Bid

Spectacular Bid

    Member

  • Traders-Talk User
  • 852 posts

Posted 01 August 2018 - 09:39 AM

The first of the revisions to the predictions will probably be out tomorrow. Just shock value. He doesn't change. It's his M. O.







Also tagged with one or more of these keywords: SPX