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Multi Week Sell-off Likely Ahead

SPX GDX

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#1 blustar

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Posted 06 October 2017 - 11:28 AM

I'm giving an IT timing sell signal on the SPX and NASDAQ COMP and NDX 100 (QQQ).
 

SPX target is 2465 by Oct 30/31 (the ten week low). March 1 to June 19 top = 76 TD's.  76 TD's from June 19 equaled Oct 5 (Hadik has a top due on the NDX between Oct 5 and 6). The NDX topped on July 27 and went down 17 TD's.  On March 1 the SPX went down 18 TD's.  This times a low around Oct 30/31 down about 3.4%. Oct 30/31 is the 10 week low from August 21.

 

GDX is on a strong buy signal.  Same with gold. I bought GDX 23.00 calls Oct 20, 2017 this morning at GDX 23.05.


Blessings,

 

blu

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#2 redfoliage2

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Posted 06 October 2017 - 12:11 PM

The bull just had too much sex recently and needs to take a little rest..........


Edited by redfoliage2, 06 October 2017 - 12:14 PM.


#3 12SPX

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Posted 09 October 2017 - 10:20 AM

This is so interesting lotsa very bullish people and I'll say lotsa bearish people, who to follow...... I'll just sell option premium lol!  I respect everyones opinions as long as your not sounding arrogant because both have valid points just like economists!  At the least if we ever get some volatility, everyone will be right and make money, yay lol!!  







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