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Usually the market loves a war but...


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#1 diogenes227

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Posted 07 January 2020 - 09:20 PM

Maybe not this one...

 

From the link:

 

 

Setting news aside for a moment…

 

After two highs below highs on the NYMO (short-term breadth), the important NYSI indicator (longer-term breadth) turned negative today giving a sell for tomorrow’s open (see the chart below).

 

Funny how news comes along to validate what the market internals have been saying all along.

 

For more discussion and a chart:

 

Market timing a tweet and missle barrage

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 da_cheif

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Posted 08 January 2020 - 05:44 AM

what war.....one ded      and 160 on a commercial jet........commercial jetw dont fly in a war zone eh



#3 Harapa

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Posted 08 January 2020 - 08:34 AM

I am with you. But also think we may see SPX3270 or better before any meaningful correction ensues.


My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.


#4 Harapa

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Posted 09 January 2020 - 05:32 AM

... we may see SPX3270 or better before any meaningful correction ensues.

Target printed in futures market.
 


My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.