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


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#1 dTraderB

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Posted 18 October 2018 - 05:56 AM

Started early again today, 3 trades so far. 

News of the Chinese market plunge, a 2-year low, and the frgile rally we have enjoyed so far may not last long if 

SPX 2830 is not taken out, soon.

 

Phase 2 of the Crash may resume sometime this week.

 

ST short

Large daily ranges recently have resulted in an IT flat signal; it could be the actual state of the market with wild gyrations each day. 

 

SPX 2800/2790 is a critical support zone. 

 

Still looking for the bounce to continue but then another leg down. 

 

Financial Times · 3 hours ago
 

 



#2 dTraderB

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Posted 18 October 2018 - 05:57 AM

China's stocks are plunging again — falling 3% to near 4-year lows as ...
Business Insider-2 hours ago
Chinese stocks plunged once again on Thursday as fears about the trade with the US brought turmoil back to the country's markets following a ...

 China stocks suffer sharp sell-off on multiple investor worries

Reuters-1 hour ago


#3 fib_1618

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Posted 18 October 2018 - 07:39 AM

At this stage, it's very important that you don't get distracted and remain focused on what is truly meaningful.

 

Fib


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Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#4 dTraderB

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Posted 18 October 2018 - 09:06 AM

That 4-lot (2-1-1) NQ short from 8:58 to 9:36 made my day & week, so far

 

This is my 1-m NQ trading environment, not a trading system, and not a moving average trigger indicator

 

 By the time averages cross I may be in and out of a trade! 

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#5 dTraderB

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Posted 18 October 2018 - 09:07 AM

Thanks, fib, I always respect and heed your advice & opinion



#6 PrintFaster

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Posted 18 October 2018 - 09:59 AM

U.S. market internals have been crashing for months now.

 

 



#7 dTraderB

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Posted 18 October 2018 - 10:22 AM

Closed about 60% of my QQQ puts

 

It's almost like daytrading QQQ options, not intentionally, but the big-range candles ...



#8 dTraderB

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Posted 18 October 2018 - 10:23 AM

U.S. market internals have been crashing for months now.

 

 

 

Is that extended too much down ?

 

Would like to see the historic lows, e.g. in the famous or infamous crashes of the past



#9 Dex

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Posted 18 October 2018 - 10:24 AM

Started early again today, 3 trades so far. 

News of the Chinese market plunge, a 2-year low, and the frgile rally we have enjoyed so far may not last long if 

SPX 2830 is not taken out, soon.

 

Phase 2 of the Crash may resume sometime this week.

 

ST short

Large daily ranges recently have resulted in an IT flat signal; it could be the actual state of the market with wild gyrations each day. 

 

SPX 2800/2790 is a critical support zone. 

 

Still looking for the bounce to continue but then another leg down. 

 

Financial Times · 3 hours ago
 

 

 

Emerging Markets hit a high in Jan and have been declining since.  

 

https://finance.yahoo.com/quote/EEM/


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#10 Dex

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Posted 18 October 2018 - 10:25 AM

At this stage, it's very important that you don't get distracted and remain focused on what is truly meaningful.

 

Fib

 

The sky?


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16