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Phase 2 of the Crash: Chinese stocks hit 2-year low


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#21 AChartist

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Posted 18 October 2018 - 02:45 PM

last I said cycles were bad right translating would probably be late drop in fall.

been 66% cash 401k deployed just a little on last low and today, not sure about more until

I work cycles again but my next plan was to add by Nov 5, run-the-table season.

the cycles go bad before last price attempts they really work on breadth although only price based

I guess characteristic of fake markets but good for breadth depended 401k mutual funds.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#22 dTraderB

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Posted 18 October 2018 - 03:07 PM

That's a bullish close on a 1.5% down day, SPX close is about 20 points above the day's low 

moved above the 200ma, and did not break below the critical 2760/70 zone. 

 

Of coursse, in this wildly gyrating market environment, what happens tomorrow may have absolutely nothing with what happened today or yesterday or....

 

Had only 3 trades in the final hour, not bad, but minor compare with 9 big trades in NQ earlier today. 

 



#23 K Wave

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Posted 18 October 2018 - 05:22 PM

Trannies with UGLY rejection at 200 day MA....if they do not rally them tomorrow, then odds grow for full on crash type move on that index...

 

UTIL had a very similar setup at the very beginning of this year and then proceeded to swiftly complete the move through the crash window into February....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#24 K Wave

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Posted 18 October 2018 - 05:25 PM

NYA didn't even make to the 200 day MA before it rolled back over...crash window still wide open on that one as well


Edited by K Wave, 18 October 2018 - 05:32 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#25 K Wave

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Posted 18 October 2018 - 05:31 PM

NQ 7160 looks like the key zone now VST...

 

Would not be surprised to see a little throwover above that level overnight...and then another vicious swoop down....methinks that close under 217 on AAPL is No Bueno for bulls tomorrow

 

If bulls manage take and hold 7160 overnight, then possible gap up tomorrow....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#26 PrintFaster

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Posted 20 October 2018 - 11:17 AM

Giant rally opportunities always materialize when things look really black.

 

China might be nearing that stage, the question is how deep of a dive first?

 

FXI could get cut in half yet again, back to the 2009 lows of $20