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Someone mentioned V bottoms?


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#11 skott

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Posted 09 October 2019 - 08:43 PM

so far they can't really crash it down. could rebound strongly tomorrow and friday. just guessing



#12 opinionated

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Posted 09 October 2019 - 09:30 PM

Yes, I have held fast during each shake out, Wish I could have caught the swings but nope.  I think strong into next Tuesday actually but won't push my luck past Friday afternoon. Wow,... what a woosh after hours huh?   

 

I have a target of 2967 and as high as 2981 before I'll step in short for the big decline I expect after this week. But it may not be worth the risk as we have VERY hard resistance from 2945-2980 so that 35 points will be a grinding crawl unless the get a deal that gaps us to the top.

 

I think a short from this area will pay off

 

Good trades Scott



#13 opinionated

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Posted 10 October 2019 - 10:26 AM

Took profit today at 2944 nice swing risk getting to high here. Looking for more up but the rug could come out at anytime



#14 robo

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Posted 10 October 2019 - 12:43 PM

Waiting..... and IWM still has NO BEEF!   Day 15 that my VXF position has been in cash (IWM still remains under its 10, 20, 50 and 200 DMA).

 

https://stockcharts....191&a=692015943

 

In other news....  Which sector on the chart below will be the winner in 2020? I don't know, but some sectors are getting way undervalued compared to the S&P 500.... If the guessers think the S&P 500 is about to make a BIG move then some of the big undervalued sectors on this chart should move to, and much greater then the S&P 500.

 

https://stockcharts....527&a=692550855


Edited by robo, 10 October 2019 - 12:52 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#15 robo

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Posted 10 October 2019 - 01:14 PM

Waiting..... and IWM still has NO BEEF!   Day 15 that my VXF position has been in cash (IWM still remains under its 10, 20, 50 and 200 DMA).

 

https://stockcharts....191&a=692015943

 

In other news....  Which sector on the chart below will be the winner in 2020? I don't know, but some sectors are getting way undervalued compared to the S&P 500.... If the guessers think the S&P 500 is about to make a BIG move then some of the big undervalued sectors on this chart should move to, and much greater then the S&P 500.

 

https://stockcharts....527&a=692550855

 

SevenSentinels Retweeted The God of Trading

Excellent Point. How may times has the market celebrated it already? =)

SevenSentinels added,

The God of Trading @TheGodOfTrading
The more and more I watch these herks and jerks I'm thinking if there ever is a trade deal, it will be sell, sell, sell the news. https://twitter.com/SevenSentinels/status/1182305727555072001 
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https://twitter.com/...erp|twgr^author

 

STS SELL Signal at 2:10 PM

EGiUURiVAAAifi_.png

 

 

 

thomas Retweeted thomas

You just SAW one hell of a WHIP there... first the bears today, then the bulls... who's next?

thomas added,

thomas @*
We are in WHIPSAW COUNTRY HERE 1f920.png1f920.png1f920.png1f920.png
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https://twitter.com/VolumeDynamics


Edited by robo, 10 October 2019 - 01:17 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#16 skott

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Posted 11 October 2019 - 10:51 AM

the failure soon could be spectacular. I'm not short yet. I have to go to hospital for treatment today and will miss the second half of the trading day.
is this a setup for a massive failure over the Holiday weekend?

#17 skott

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Posted 11 October 2019 - 11:53 AM

Took profit today at 2944 nice swing risk getting to high here. Looking for more up but the rug could come out at anytime


I don't blame you for taking profits. I wish I had stayed in but it's no big deal. I have a fear factor when long these markets.
I think we might make new highs. I could be wrong but sometimes patience and lack of action is the best course. What is the saying?
Prudence is the better part of valor? I may have that wrong. Anyway my situation is complicated by having to leave very soon for treatment

NOtice how QQQ has gapped back up into the wedge I drew weeks ago if not longer. It went up toward the top trendline and then came
back and tested in a positive way the lower part of the wedge. I'm waiting for now. Tuesday next week sounds good.

https://tos.mx/HOKh3TM

Edited by skott, 11 October 2019 - 12:19 PM.