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‘bump in the road on the way down to Lehman-like drop'


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#11 tradesurfer

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Posted 08 August 2019 - 09:21 PM

I see a total collapse Friday to make the weekly close very bearish.

This would align us with the September 2008 3 week plunge.

#12 dTraderB

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Posted 09 August 2019 - 06:58 AM

algos and machines in control: do not fight them, go with the flow, be prepared to exit, and reverse if needed

 

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Jim Cramer Retweeted Rob Schwartzberg

Today will be program driven, too.. You just need to watch for volume. Some major stocks, worth tens of billions of dollars will be down 2-3% on 250,000 shares

Jim Cramer added,

Rob Schwartzberg @Rmschwartzberg
@jimcramer Yesterday's early morning sell off and then rebound was so bizarre. Do you think the selling in the morning was purely program driven?
12:58 AM - 9 Aug 2019


#13 redfoliage2

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Posted 09 August 2019 - 08:16 AM

MMs need to have the prices up for OpEx next week no matter what.  I'd hold back shorting for now.  Don't fight......................


Edited by redfoliage2, 09 August 2019 - 08:19 AM.


#14 tradesurfer

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Posted 09 August 2019 - 08:45 AM

Action looks the SAME as December 4th, 2008 !!!!!!   Alert alert !!



#15 redfoliage2

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Posted 09 August 2019 - 08:57 AM

It looks that the opening drop is not sustainable and the market will be higher by the close.   For next week they are going to ramp even higher for the Aug month OpEx next Friday.  Too many put holders out there and this is not allowed by them................


Edited by redfoliage2, 09 August 2019 - 08:59 AM.


#16 tradesurfer

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Posted 09 August 2019 - 08:59 AM

Total collapse pending here guys, very bearish !!!   a bad friday close in a bearish market very bad for next week

 

this trade is almost exactly the same as DECEMBER 4th, 2018   !!!

 

dare i say it ????   huge crash potential here into next week.....  


Edited by tradesurfer, 09 August 2019 - 09:01 AM.


#17 dTraderB

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Posted 09 August 2019 - 09:16 AM

Total collapse pending here guys, very bearish !!!   a bad friday close in a bearish market very bad for next week

 

this trade is almost exactly the same as DECEMBER 4th, 2018   !!!

 

dare i say it ????   huge crash potential here into next week.....  

 

Looks very weak
Friday decline into Monday could be precarious for BULLS
 

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A $30 billion exodus puts hedge funds for the masses to the test https://bloom.bg/2KAta6h 

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6:28 AM - 9 Aug 2019


#18 dTraderB

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Posted 09 August 2019 - 09:17 AM

It looks that the opening drop is not sustainable and the market will be higher by the close.   For next week they are going to ramp even higher for the Aug month OpEx next Friday.  Too many put holders out there and this is not allowed by them................

 

I think they drop today & Monday with a ST low late Monday or early Tuesday



#19 dTraderB

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Posted 09 August 2019 - 09:20 AM

The FED is the most powerful factor during the next few months

 

They can come in anytime to change the market trend. 

 

SPX below 2750 will bring in the FED to cut 50bps and let QE flow



#20 tradesurfer

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Posted 09 August 2019 - 09:24 AM

Yes and they will cut rates in the middle of the day right after lunch.  Thats all the GDAM fed cares about is the stupid stock market !!


Edited by tradesurfer, 09 August 2019 - 09:25 AM.