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I'm watching Naz100. Bounce is over


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#1 skott

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Posted 16 May 2019 - 12:02 PM

Crash should resume. 7640-7650 is my call the top area. 



#2 skott

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Posted 16 May 2019 - 12:57 PM

so far so good. now at 7592. 7475-7450 zone is critical support that if broken. we got a mess on our hands. Anyway the risk/reward was/is great on this trade.



#3 skott

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Posted 16 May 2019 - 02:10 PM

well, it's trying to hold that 7600 level (futures)  but testing them again. If they break 7565 should be reached quickly



#4 skott

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Posted 16 May 2019 - 02:48 PM

my guess is they take it to 7565 today. maybe right after the close. it's a guess and i"m sick. gonna go lay down.



#5 chr63

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Posted 16 May 2019 - 02:55 PM

Great calls.  Enjoy seeing your forecasts, please keep it up.  And hope you feel better!



#6 LMF

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Posted 16 May 2019 - 06:52 PM

TQQQ is on the edge of starting a daily downwave.....20 day EMA right at the 40 day MA in my system. DJIA is already in a downwave, most of the other averages are close enough to it.  Under the 40 day MA right now isn't going to work on the upside.



#7 skott

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Posted 16 May 2019 - 08:50 PM

Thnx chr63. Just remember trump doesn't want the market going down but it is time. "Solutions" are inflationary and US $ detrimental. So for me it is best to be in the miners and hold on for the turn. The move up should be huge and last a few years

#8 skott

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Posted 16 May 2019 - 11:23 PM

Hit 7568 tonight

#9 Waver

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Posted 17 May 2019 - 12:23 AM

Skott

Looking for a bear market in the equity markets?

#10 redfoliage2

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Posted 17 May 2019 - 09:45 AM

Expect AAPL market share to slide further in China as more consumers there switch to Huawei.  The trade war will further affect sales of US tech companies to China.............


Edited by redfoliage2, 17 May 2019 - 09:48 AM.