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No POMO day... wonder how it goes. Chart.


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#21 tommyt

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Posted 24 May 2013 - 10:11 AM

PF, I don't get why you waste your time evangelizing.

The SPX is down 47 handles right here.

You could have spent some time educating yourself in trading

And added to your account, instead of just watch it shrink.


You are preaching to the choir here,

This site is full of bagholders

Only the traders are making money in this environment.

The bagholders are sucking wind.


You can do both you know... B)


The cheerleaders are normally the ones who dont trade.

#22 PrintFaster

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Posted 24 May 2013 - 10:12 AM

Worried about an economic slowdown? How about an unruly market for JGB's? Worried about tapering? Just shuck it off and buy funeral homes!! :o :o :o [attachment=20928:sci0524.png]

#23 risk_management

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Posted 24 May 2013 - 10:14 AM

PF, I don't get why you waste your time evangelizing.

The SPX is down 47 handles right here.

You could have spent some time educating yourself in trading

And added to your account, instead of just watch it shrink.


You are preaching to the choir here,

This site is full of bagholders

Only the traders are making money in this environment.

The bagholders are sucking wind.


You can do both you know... B)


The cheerleaders are normally the ones who dont trade.



+1.


BTW, I've always wondered if he even bothers dressing up or he sits in his underwear all day long.

Edited by risk_management, 24 May 2013 - 10:16 AM.


#24 ogm

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Posted 24 May 2013 - 10:27 AM

Yeah, we'll probably have a few bounces. But now the summations have turned down finally.

So if we follow a typical scenario, we'll hesitate for a week or 2.

If we actually do make higher high during this topping process, PF will be posting violently and uncontrollably and will probably sign up on ZeroHedge and will comment there on every post too. :)

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Edited by ogm, 24 May 2013 - 10:27 AM.


#25 SemiBizz

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Posted 24 May 2013 - 10:31 AM

So just as a friendly heads up, we did have something happen out here yesterday on the lighter volume pullback in the market and that is that the SOX pulled back on STRONGER VOLUME. That's a HUGE RED FLAG... FWIW... Not trading advice, blah blah blah You are responsible for your own trades... blah blah ... disclaimer blah.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#26 tommyt

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Posted 24 May 2013 - 10:36 AM

So just as a friendly heads up, we did have something happen out here yesterday on the lighter volume pullback in the market and that is that the SOX pulled back on STRONGER VOLUME.

That's a HUGE RED FLAG...

FWIW...

Not trading advice, blah blah blah

You are responsible for your own trades... blah blah ... disclaimer blah.



Semi, thanks for your posts. I was wondering when something makes a low on volume, and you expect a retest...do you allow globex session lower volume to count towards the retest?

#27 ogm

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Posted 24 May 2013 - 10:37 AM

btw, PF , speaking of zerohedge. Tyler Durden isn't one person. Its a character from a movie "Fight Club", played by Brad Pitt. An alternate personality. There are 10+ people who post on ZH under that alias. So save your posting strength :)


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Edited by ogm, 24 May 2013 - 10:42 AM.


#28 SemiBizz

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Posted 24 May 2013 - 10:42 AM

So just as a friendly heads up, we did have something happen out here yesterday on the lighter volume pullback in the market and that is that the SOX pulled back on STRONGER VOLUME.

That's a HUGE RED FLAG...

FWIW...

Not trading advice, blah blah blah

You are responsible for your own trades... blah blah ... disclaimer blah.



Semi, thanks for your posts. I was wondering when something makes a low on volume, and you expect a retest...do you allow globex session lower volume to count towards the retest?


Sure Globex counts, but it's all low volume, so for me whatever low or high that is made is usually going to have to be retested on volume in regular session ...

Sometimes we do have big volumes overnight, we've seen that happen a few times in gold futures...

But as a rule, not.

finally getting some traction here.

I was about to take a nap.

:lol:
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#29 SemiBizz

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Posted 24 May 2013 - 12:40 PM

So, for me on this light volume day, this enough downside.

Don't want those lows tested right here.

There was a reason they didn't test those .50Rs.

Now hopefully they can have a robot bidding race to try to tag them on light volume to set up some risk/reward to short this pig.


Another all day struggle...

Somebody is DUMPING BIG TIME into these bounces here.

Edited by SemiBizz, 24 May 2013 - 12:41 PM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#30 PrintFaster

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Posted 24 May 2013 - 01:12 PM

Hilarious to watch the multitudes of soothsayers come up with crash predictions based on:

Down on Volume!
Hindenberg Omen!
Death Cross!
Puetz Window!
Lunar Eclipse!

All typed hysterically in bold red letters.

When all that is needed is to employ the Simpleton Strategy of "Buy The Freaking Dip!", or simply dollar cost average.

LOL!!!

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