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#1 tsharp

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Posted 07 October 2018 - 09:02 AM

Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth...

 

It may be the techs have rolled over... watching.

 

 

NDX_D_10.5.18.jpg

 

 

 

NDX_W_10.5.18.jpg

 

 

 

GOOGL_D_10.5.18.jpg

 

 

My first upper target for Apple was 234.11, and last week it peaked at 233.47... the top may be in, but I also realize all techs will not necessarily top at the same time...

 

 

AAPL_W_10.5.18.jpg



#2 tsharp

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Posted 07 October 2018 - 11:58 AM

It appears the small caps are singing the same canary-in-the-mine song... 

 

If this fractal interpretation is correct, the small caps have reached their top also and are rolling over... twt.

 

 

RUT_D_10.5.18.jpg



#3 Data

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Posted 07 October 2018 - 12:15 PM

It's been straddling the regression line for the channel for a long time before it broke and now heading for the bottom of the rising channel.



#4 CLK

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Posted 07 October 2018 - 12:42 PM

How does one trade these long dated charts profitably, are they just a guide and only mean anything in hindsight ?

 

I trade the hourly and I could see no other way to trade without losing often.



#5 tsharp

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Posted 07 October 2018 - 12:49 PM

They provide context for swing trading... I only trade off the 240-min chart. so knowing the larger trend is important for me.

 

Last publicly updated SAR chart... my SAR just reversed from the long at 2832, to short from 2922:  

 

SP00_SAR_8.29.18-1.jpg


Edited by tsharp, 07 October 2018 - 12:51 PM.


#6 Data

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Posted 07 October 2018 - 01:29 PM

NYSE stopped at.a Fibonacci retracement level of the January high.  Never made new highs.  S&P 400 Midcap also broke below the January high and in a downtrend.

 

Could see a pullback like February late this year or early next.  About the same amount of new debt is being issued as in February/March.  QE isn't able to absorb nearly 800 billion dollars in a short amount of time, but this one is spread out over 6 months with about one-third completed.



#7 tsharp

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Posted 07 October 2018 - 02:25 PM

How does one trade these long dated charts profitably, are they just a guide and only mean anything in hindsight ?

 

I trade the hourly and I could see no other way to trade without losing often.

 

Besides that, not everybody here day trades... some play options, some swing trade, some go with individual stocks... AND this forum is to discuss TA; right?



#8 CLK

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Posted 07 October 2018 - 02:53 PM

 

How does one trade these long dated charts profitably, are they just a guide and only mean anything in hindsight ?

 

I trade the hourly and I could see no other way to trade without losing often.

 

Besides that, not everybody here day trades... some play options, some swing trade, some go with individual stocks... AND this forum is to discuss TA; right?

 

 

 

No argument here, people post for various reasons.  Some would rather not post trades and short term setups.



#9 PrintFaster

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Posted 07 October 2018 - 05:39 PM

As far as tech goes, this is the one to watch as a bellweather.

 

The "Poster Child" for the 1999 mania, egged on by Dan "The Greaseman" Niles and Henry Blodgett

 


Edited by PrintFaster, 07 October 2018 - 05:40 PM.


#10 NAV

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Posted 08 October 2018 - 12:04 AM

What i don't understand is you call for a long term top in Nasdaq and at the same time call for S&P 5300 long term. That says your analysis w.r.t to one of them is big time wrong !


Edited by NAV, 08 October 2018 - 12:05 AM.

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

 

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