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Watch the floor ... this market will fall down


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#1 Dex

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Posted 08 October 2019 - 03:11 PM

RUT:

8.31.18  - 1740 high

12.21.18 - 1292 recent low

Today 1475

 

Trade the trend - It has been in a trading range since Dec.

 

My guess it gets to 1,000 or lower and then into a new trading range.

 

New RUT highs are a long way off.

 

 

 


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#2 robo

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Posted 08 October 2019 - 06:21 PM

RUT:

8.31.18  - 1740 high

12.21.18 - 1292 recent low

Today 1475

 

Trade the trend - It has been in a trading range since Dec.

 

My guess it gets to 1,000 or lower and then into a new trading range.

 

New RUT highs are a long way off.

 

 

 

Day 13 IWM has been below its 10 DMA and put me into a cash position....  Waiting for the next  trend change, because this one continues to move down....

 

Below it's 50 and 200 DMA too which remains ugly....

 

https://stockcharts....073&a=692015943

 

Picked up some nice beer money trading the VXX today....

 

Good Trading!

 

I'm with you and trade what I see happening and not what I think will happen.

 

Monthly data and divergence patterns.....

 

A huge divergence taking place since the last selloff. Guess which one has the best MT value for a trade?

 

https://stockcharts....348&a=682181286


Edited by robo, 08 October 2019 - 06:29 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


#3 Dex

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Posted 08 October 2019 - 07:21 PM

I like your methods.

 

Suggestion - forget the hi/low/range data points on your charts. 

 

Just use the close in a thick line and your other moving averages.

 

Simple is better.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#4 da_cheif

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Posted 08 October 2019 - 08:56 PM

the more bears the better  .....



#5 robo

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Posted 09 October 2019 - 08:46 AM

I like your methods.

 

Suggestion - forget the hi/low/range data points on your charts. 

 

Just use the close in a thick line and your other moving averages.

 

Simple is better.

Thanks.  I do use the closing prices for positions using VXF. Long or I go back to a cash position. No short positions allowed at Vanguard. However, I do trade some VXX at Vanguard, but it's not a free trade like VXF is. I currently have a position of XES in that account....  I trade using the daily data.

 

https://stockcharts....073&a=692015943

 

Good Trading!


Edited by robo, 09 October 2019 - 08:51 AM.

“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


#6 robo

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Posted 09 October 2019 - 08:52 AM

the more bears the better  .....

I agree..... A nice bounce today based on the ST sentiment..... So a nice setup for a VST trade..... Some very nice VST trading these days

 

https://stockcharts....487&a=691541744

 

 

https://twitter.com/...erp|twgr^author


Edited by robo, 09 October 2019 - 08:58 AM.

“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


#7 Dex

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Posted 09 October 2019 - 10:45 AM

the more bears the better  .....

 

eating the pie all the way down.

 

you will not see a new high in the rut in your lifetime ... way too old.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#8 robo

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Posted 09 October 2019 - 12:29 PM

"you will not see a new high in the rut in your lifetime ... way too old."   

 

LOL.... I'm old too......

 

I don't know if IWM  will make new highs anytime soon, but the current data is not Bullish. I say Bullish  for those that like to use Bullish and Bearish to talk about the market, and they are not even talking about IWM. The S&P and the DOW own those titles because the useless talking heads use those indexes when talking about the market. 

 

“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

 

 

 The pump monkeys better get IWM above the 200, 50, and 10 DMA or those in the know will continue to exit this market on rallies....

 

Good Trading.

 

I trade what I see happening, not what I think will happen....  IWM has NO BEEF!  

 

https://stockcharts....073&a=692015943

 

Been in a cash position (VXF at Vanguard) for 14 days now and day-trading VXX..... 

 

This sounds about right and good for trading....

 

thomas Retweeted thomas

And when they run up the indices, they are likely to do what? Smack down the $VIX and all things Gold... $GC $GLD $GDX $NUGT

thomas added,

thomas @*
So, usually... the way this goes... is doesn't matter the F. what is in these notes... it's all about firepower, the price-fixers are going to do their best to run it up... like we all support the F'ed, right? No, it's them running up the market to make it look that way...
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I know this is a Slow-Mo Grind going up here, but I'm pretty sure we're going to get a SPIKE in here, which way is up for grabs... this thing moves on SPURTS now...

 

https://twitter.com/VolumeDynamics


Edited by robo, 09 October 2019 - 12:32 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


#9 da_cheif

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Posted 09 October 2019 - 12:45 PM

 

the more bears the better  .....

 

eating the pie all the way down.

 

you will not see a new high in the rut in your lifetime ... way too old.

 



#10 robo

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Posted 09 October 2019 - 12:45 PM

1:30 PM Counter-Trend Rally Continues as STS Begins To Rollover


“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