126 replies to this topic

[zoropb]

Another day not even reaching 3 levels we got a huge day coming. Tomorrow or next one.

[gm_general]

I have been a believer of this bear market
However the breadth is on super drive
No let up

Hard to be bearish with that much strength

 

"We are now of the mind that stocks are headed a good deal higher"

 

Dennis Gartman - but even George Costanza had his day.

[chem]

Thanks for hat tip Z

 

We are at the zone but looks to need one more slightly higher high - much beyond low 2580s would throw a wrench in my assumptions.

[zoropb]

Yeah chem I thought we needed one more also, Like  I said did not like where they were leaving cash.  If this was not it just now then it is something bigger probably not ending until near 2620+-

 

I went in another quarter at high breach 67.75 and order to dump one at the 2:45 low from yesterday afternoon. 

 

avg. now 64

Edited by zoropb, 08 January 2019 - 04:36 AM.

[zoropb]

If the high sticks then a normal low would be 2502+-8.50

[zoropb]

Went over the cycles again and looks like Wed. 9th+-1 is a low of some kind. Next high the 17th+-1. Feb low now the 12th+-2

[zoropb]

Looks like they are going to extended this 5th hmm Got stopped at 1 tick below entry on the one I put in before. Back at 60,50 avg.

[zoropb]

Had a scalp 1/ stop other half entry. 

 

I added the 2q back  71.50  avg. 66

[zoropb]

Decided to dump the 2q at +3 dropping my one avg. to 63.50.     

[zoropb]

Either that was it or we bounce for another high drop and then one last one with cash.  It is getting in the land of crazy up here without some kind of large correction. Anything bought above 60 and held in the next coming hours will be nuked in the short term. 

 

If we do go up in the above scenario 2 levels from the overnight lows is 82.75 center. 

Edited by zoropb, 08 January 2019 - 07:28 AM.