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a nice sell off into the ndx 1825 area tommorow


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#1 atlasshrugged

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Posted 03 March 2010 - 10:54 PM



#2 arbman

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Posted 03 March 2010 - 11:10 PM

I am thinking we are almost done for the day with the pull back, one last rally up to 1125-1130 on ES and then, it should be complete. This is the first time the 240 min chart is getting o/s...

#3 jjc

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Posted 03 March 2010 - 11:36 PM


Hey That's not winter park. That's OL @Killington. When I'm old and can't stand up anymore I plan on
telling all my tails to every poor soul around of my bump skiing on Outer Limits. I swear I must be a few
inches shorter now. And of course the older I get the better I used to be.

#4 jjc

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Posted 03 March 2010 - 11:37 PM

I am thinking we are almost done for the day with the pull back, one last rally up to 1125-1130 on ES and then, it should be complete. This is the first time the 240 min chart is getting o/s...



Hmm. Really?

#5 thespookyone

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Posted 03 March 2010 - 11:48 PM

I am thinking we are almost done for the day with the pull back, one last rally up to 1125-1130 on ES and then, it should be complete. This is the first time the 240 min chart is getting o/s...


The one last rally that many bulls are holding to release at, hmmm. I think a bit too convenient my friend. ES completed an EXACT .786 retrace of the prior drop today at the top at 1125-maybe it's just a coincidence.

#6 arbman

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Posted 03 March 2010 - 11:57 PM

I am thinking we are almost done for the day with the pull back, one last rally up to 1125-1130 on ES and then, it should be complete. This is the first time the 240 min chart is getting o/s...


The one last rally that many bulls are holding to release at, hmmm. I think a bit too convenient my friend. ES completed an EXACT .786 retrace of the prior drop today at the top at 1125-maybe it's just a coincidence.



I must say if we pull back straight down to 1110 or lower down to 1100, it should go over 1130 next week... As a bear, you should hope that it desperately tries higher one more time tomorrow and exhausts itself for a sharp break... You need a last rally on bad breadth and it may be coming up tomorrow...

#7 jjc

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Posted 04 March 2010 - 12:00 AM

I am thinking we are almost done for the day with the pull back, one last rally up to 1125-1130 on ES and then, it should be complete. This is the first time the 240 min chart is getting o/s...


The one last rally that many bulls are holding to release at, hmmm. I think a bit too convenient my friend. ES completed an EXACT .786 retrace of the prior drop today at the top at 1125-maybe it's just a coincidence.



I must say if we pull back straight down to 1110 or lower down to 1100, it should go over 1130 next week... As a bear, you should hope that it desperately tries higher one more time tomorrow and exhausts itself for a sharp break... You need a last rally on bad breadth and it may be coming up tomorrow...



I think up is done. Stick a fork in it. To the bottom!

#8 arbman

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Posted 04 March 2010 - 12:09 AM

The breadth is too strong, we got two breadth thrusts back to back, it should normally take several weeks to turn from here... I don't think this is THE top, but it could pull back deeper than people expect I suppose... We need a divergent breadth high, it is yet to come...

#9 IYB

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Posted 04 March 2010 - 01:02 AM

I am thinking we are almost done for the day with the pull back, one last rally up to 1125-1130 on ES and then, it should be complete. This is the first time the 240 min chart is getting o/s...


The one last rally that many bulls are holding to release at, hmmm. I think a bit too convenient my friend. ES completed an EXACT .786 retrace of the prior drop today at the top at 1125-maybe it's just a coincidence.



I must say if we pull back straight down to 1110 or lower down to 1100, it should go over 1130 next week... As a bear, you should hope that it desperately tries higher one more time tomorrow and exhausts itself for a sharp break... You need a last rally on bad breadth and it may be coming up tomorrow...

I think we are reading this about the same, ARB. In spite of weakness in FUT's tonight, I think we'll get one more {relatively weak} stab at 1130 tomorrow, then a good pullback into next week. Beyond that my humble opinion remains that line of least resistance is unmistakably up. I'm probably more bullish for the IT than you, though, but hey. Let's take it one step at a time. :) Best regards, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#10 jjc

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Posted 04 March 2010 - 01:40 AM

http://www.youtube.c...feature=related