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big move update, part 8

Started by tommyt , Oct 20 2009 09:47 AM

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9 replies to this topic

#1 tommyt

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Posted 20 October 2009 - 09:47 AM

M Osc close +20 yest, today -40 at the moment...the spring is coiling up.

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#2 NAV

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Posted 20 October 2009 - 10:49 AM

And if we close with this breadth plurality today, then that ominous looking Summation ledge that i mentioned last week, will perform a cliff dive.

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

https://twitter.com/Trader_NAV

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#3 tommyt

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Posted 20 October 2009 - 10:49 AM

[quote name='tommyt' date='Oct 20 2009, 07:47 AM' post='488118']
M Osc close +20 yest, today -40 at the moment...the spring is coiling up.

vix unch...no one believes, maybe they are right, not here though.

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#4 porsche911sg

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Posted 20 October 2009 - 11:14 AM

I think we are in a blow off top and in for heavy plunge

The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

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#5 selecto

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Posted 20 October 2009 - 11:21 AM

How do we plunge without a liquidity contraction? Stocks know the news. (Not a challenge, serious question.)

Edited by selecto, 20 October 2009 - 11:23 AM.

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#6 porsche911sg

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Posted 20 October 2009 - 11:26 AM

With a fall dollaring MANY BIG foreign investment companies are going to stay withdrawing, Thats the withdrawal of liquidity. Fed alone is not pushing the market the investment arms, Saudi Arabian govt is starting their withdrawal from US market this week as far as I know. LOTS of SWF are also withdraw.

The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

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#7 goldswinger

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Posted 20 October 2009 - 11:27 AM

How do we plunge without a liquidity contraction? Stocks know the news.

(Not a challenge, serious question.)

As markets drop around the world, a rush to the dollar occurs and sucks away any liquidity left, specially now that the FED currency swaps are nearly eliminated.

GS.

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#8 tommyt

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Posted 20 October 2009 - 11:29 AM

[quote name='selecto' date='Oct 20 2009, 09:21 AM' post='488144']
How do we plunge without a liquidity contraction? Stocks know the news.

again, plunge, crash? lets start with a garden variety pullback, 4-7% and see how things develop...the SPX is building something up here, combined with the summation sideways for days, a move is coming.

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#9 porsche911sg

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Posted 20 October 2009 - 11:36 AM

I am expecting a plunge based on many factors....But sure, we can discuss further after the 3-7% fall.

The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!