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Biggest Bear Trap of All Times? (Friday's Pullback)

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#11 SemiBizz

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Posted 29 December 2018 - 01:04 PM

These trading ranges are enormous... you have to dial in the hourly chart to get a read on it... This is truly one very FAST MARKET... so you have to adjust your targeting for it...


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#12 brucekeller

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Posted 29 December 2018 - 01:49 PM

I haven't collected any of the data myself, but I thought in general that most of Trump's positive tweets in regards to China have been met with selling or not much reaction.

 

https://twitter.com/...1022720?lang=en

 

That was was on December 4th, talking about negotiations and a warm dinner with Xi etc. The market just went kind of flat into this next downturn afterward. 



#13 SemiBizz

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Posted 29 December 2018 - 02:42 PM

Can always count on GS to suck a few more bears in...Just out today...

 

Goldman Sachs slashes growth forecasts

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#14 leverage4

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Posted 29 December 2018 - 04:43 PM

I haven't collected any of the data myself, but I thought in general that most of Trump's positive tweets in regards to China have been met with selling or not much reaction.

 

https://twitter.com/...1022720?lang=en

 

That was was on December 4th, talking about negotiations and a warm dinner with Xi etc. The market just went kind of flat into this next downturn afterward. 

 

Bruce,  I also haven't collected data, but I remember thinking trade news would still be a market mover in the last several weeks like it was earlier in the fall, only to be surprised by the small blip it turned out to be.  I think China is a huge deal that "should" impact the market but at this juncture it has been overshadowed by the Fed, re-balancing and just plain fear.  Maybe it will resume it's "rightful" importance with this announcement, but my betting on it is just 60/40.  twt.

 

Lev



#15 tsharp

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Posted 29 December 2018 - 05:26 PM

 

I haven't collected any of the data myself, but I thought in general that most of Trump's positive tweets in regards to China have been met with selling or not much reaction.

 

https://twitter.com/...1022720?lang=en

 

That was was on December 4th, talking about negotiations and a warm dinner with Xi etc. The market just went kind of flat into this next downturn afterward. 

 

Bruce,  I also haven't collected data, but I remember thinking trade news would still be a market mover in the last several weeks like it was earlier in the fall, only to be surprised by the small blip it turned out to be.  I think China is a huge deal that "should" impact the market but at this juncture it has been overshadowed by the Fed, re-balancing and just plain fear.  Maybe it will resume it's "rightful" importance with this announcement, but my betting on it is just 60/40.  twt.

 

Lev

 

 

Please remember the last time we had trade news was at the summit (early December), then within 24-hours the state department (read deep state) arrested Meng Wanzhou, a top executive at Chinese tech giant Huawei, while in Canada... they completely undermined the good news on trade!

 

I wouldn't be surprised to see some attempt at something similar again.



#16 pdx5

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Posted 29 December 2018 - 07:10 PM

In other words no one has a clue where market is headed next! giveup.gif


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#17 saltlake

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Posted 30 December 2018 - 12:50 PM

In other words no one has a clue where market is headed next! giveup.gif

lol, exactly! I think we head up in short order to test the underbelly of the breakdown at 2600 ES, it can go back down from there for a bit.



#18 Waver

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Posted 30 December 2018 - 02:00 PM

Saltlake
Is this a bear market and last weeks low is taken out?

#19 saltlake

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Posted 30 December 2018 - 04:33 PM

Waver, right now Im in the bear market camp, new lows coming after this momentum V bottom is over with. Im not married to that thought though. Im super interested how we trade this week, should be a big up day tomorrow or Wednesday.

#20 Waver

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Posted 30 December 2018 - 04:37 PM

Interesting
Thanks