Now that was an ugly bull tape today.
New All Time Highs Coming.....
Started by
RagingSpartan
, May 11 2020 02:42 PM
18 replies to this topic
#12
slupert
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Posted 11 May 2020 - 08:16 PM
Where is this mini-crash/Decline so many on this board are predicting?
I am sitting on 30% cash as well, and itching to go long if we get a min-crash.
Mini-crash....where are you? Please accommodate all the bears here?
its coming,, lets see what the SPX price is at the end of the moth, Ok?
#13
pdx5
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Posted 11 May 2020 - 08:27 PM
Where is this mini-crash/Decline so many on this board are predicting?
I am sitting on 30% cash as well, and itching to go long if we get a min-crash.
Mini-crash....where are you? Please accommodate all the bears here?
its coming,, lets see what the SPX price is at the end of the moth, Ok?
Thank you for keeping a place open for the cash which is burning a hole in my pocket.
Bookmarking for price check at end of May.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#14
tommyt
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Posted 11 May 2020 - 09:03 PM
pdx5
Are you really waiting for others crash calls to be right to put the rest of your hole burning cash to work? Thats crazy, you know gotta do your own work.
#15
pdx5
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Posted 11 May 2020 - 09:09 PM
I only go long when others are selling. It is called contrarian operation. Still solvent after 57 years of trading.
I am just jesting about the crash calls. With this news driven market no one has a clue, because no one can forecast next days and next weeks news.
Edited by pdx5, 11 May 2020 - 09:11 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#16
tommyt
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Posted 11 May 2020 - 09:33 PM
Cumulative Vol on SPX and now NDX is not confirming....we are going south for a bit folks. It starts tomorrow or after May primary expo this Friday. I'm on record now, not a crash call, but a decline of some sorts for now.
#17
gannman
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Posted 11 May 2020 - 11:42 PM
it is interesting here because there are several counts it could be
all the way from very bullish to we are done and heading into a bear market
i dont know i am leaning towards the bullish side
feeling mellow with the yellow metal
#18
pdx5
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Posted 12 May 2020 - 08:46 AM
gannman, stay bullish so long as Trump is president. Not any more complicated than that.
Go America First! And I say that as a naturalized US citizen since 1970.
Edited by pdx5, 12 May 2020 - 08:46 AM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#19
typicalbear
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Posted 12 May 2020 - 10:16 AM
Cumulative Vol on SPX and now NDX is not confirming....we are going south for a bit folks. It starts tomorrow or after May primary expo this Friday. I'm on record now, not a crash call, but a decline of some sorts for now.
In the 35 days of this rally the daily SP-14RSI has been below 60%.
