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#1 CLK

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Posted 14 February 2020 - 10:00 AM

It was pointed out that participation is dropping in this rally according to the $VLE. I haven't used this

in a long time. Looking over the last year, whenever it diverged with a new price high, SPX went on to

add another 100-300 points before correcting, this latest case was Oct. through Jan, for an additional around 300 points. So, this might fit with a March or April top, I don't think we drop more than 5% though.

 

http://schrts.co/QJZNdFxy

 



#2 CLK

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Posted 14 February 2020 - 10:11 AM

Breadth is positive so far on a down day, MACD has crossed up, I think next week is higher.

 

 

http://schrts.co/xwNjCxHx



#3 JamesE

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Posted 14 February 2020 - 11:54 AM

Nice to see you posting again C. I really appreciate your work. I have the same overall mindset if you will, of your analysis.

Cheers

#4 CLK

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Posted 14 February 2020 - 12:03 PM

Nice to see you posting again C. I really appreciate your work. I have the same overall mindset if you will, of your analysis.

Cheers

 

Thanks.  Basically, I've stopped looking for short opportunities in a bull market, I will just go to cash and wait to buy the next low.

The amount of wrong trades is not worth catching the one that works.



#5 CLK

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Posted 14 February 2020 - 01:28 PM

Maybe they sell ahead of the long weekend, hourly no signal, but 15 min. looks like they may run it back into the close.

 

 

https://invst.ly/pv4nq



#6 CLK

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Posted 14 February 2020 - 01:38 PM

Five point stop looks good here.

 

https://invst.ly/pv4ql



#7 CLK

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Posted 14 February 2020 - 02:19 PM

And that's why I don't like stops, they are only good in hindsight, and stick to the hourly signals and higher timeframes,

be willing to take the drawdown, don't sell for a loss.

 

 

https://invst.ly/pv4-0



#8 CLK

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Posted 14 February 2020 - 07:33 PM

Stops are the closest thing to a guaranteed loss there is.  Get stopped and then end up right, hey that sounds a lot like options.

 

 

https://invst.ly/pv6gc


Edited by CLK, 14 February 2020 - 07:37 PM.