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Likely A Top Here


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#21 redfoliage2

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Posted 30 November 2020 - 10:18 AM

The Fed is currently reluctant to do more on liquidity, but as the stock prices getting higher and higher the liquidity is drying up and unable to support higher asset prices.

 

https://www.investin...sible-200546232

Without an increase in liquidity from the Fed I expect at least 5% correction in December............................



#22 tradesurfer

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Posted 30 November 2020 - 10:20 AM

Only 5% ?

 

That plunge in December in 2018 looks plausible too again now....  10% down into end of December and then plummet more in January



#23 12SPX

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Posted 30 November 2020 - 10:24 AM

The Fed is currently reluctant to do more on liquidity, but as the stock prices getting higher and higher the liquidity is drying up and unable to support higher asset prices.

 

https://www.investin...sible-200546232

Will be interesting to see what POMO is for the next two weeks.  Believe its at 3:00 est.



#24 tradesurfer

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Posted 30 November 2020 - 10:36 AM

I am short up to my eyeballs here... seems like the ideal zone to be short

 

Get ready for Deflaton 3.0   the most crushing deflation about to be seen in our lifetimes...


Edited by tradesurfer, 30 November 2020 - 10:45 AM.


#25 linrom1

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Posted 30 November 2020 - 11:38 AM

I am short up to my eyeballs here... seems like the ideal zone to be short

 

Get ready for Deflaton 3.0   the most crushing deflation about to be seen in our lifetimes...

Yes, I am sick of all the inflation macro trade.....makes no sense, but, it does make a narrative to pump cheaper stocks. It would makes sense for them to anchor Dow Mini at 29.1k. It's 1,000 points down from the 30.1k.



#26 redfoliage2

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Posted 30 November 2020 - 11:39 AM

Only 5% ?

 

That plunge in December in 2018 looks plausible too again now....  10% down into end of December and then plummet more in January

But for now let's see if the lower boundary of the 100-point moving range at SPX 3550 could hold in the next few days .....................


Edited by redfoliage2, 30 November 2020 - 11:41 AM.


#27 salam

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Posted 01 December 2020 - 05:31 AM

Quick update.

 

took profit on Tesla short on yesterday’s swoon, stopped out of SP @ 3645, reentering and scaling in above 3660 as I type.

 

looking to add to Vix etF depending on entry price.

 

Looking like a possible blow off today/tomorrow 


I'm not sure what my future holds... But I know who holds it.

#28 redfoliage2

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Posted 01 December 2020 - 10:28 AM

Okay, it looks that bulls refuse to concede for now ........................


Edited by redfoliage2, 01 December 2020 - 10:31 AM.


#29 12SPX

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Posted 01 December 2020 - 10:52 AM

Its the first month in Dec I wouldn't be worried about it lol!  Will be interesting to see how the day ends! 



#30 redfoliage2

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Posted 01 December 2020 - 12:01 PM

Here is why the stock market jumped up today.  They are rushing to rescue after seeing the market started tanking on Monday:

 

https://www.reuters....l-idUSKBN28B5HT

 

It may help to nullify my top calling for now  ...................


Edited by redfoliage2, 01 December 2020 - 12:10 PM.