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That was the best chance for a crash


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#1 CLK

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Posted 02 February 2021 - 05:14 AM

I was shorting the morning after breadth turned down, right before the 3% drop.

I was not expecting the rally the next day to be so much, then Friday  I added to shorts at the new low close. NYSI came in at -60 points drop that day, Monday was down an additional 26 points,

The now 140 point reversal, which was done mostly in globex, makes no sense from a breadth standpoint.

 

That was the best chance for a crash since last Feb. and it looks like someone wanted to avoid it, we got 30 points in cash and 110 in globex where no shares changed hands.


Edited by CLK, 02 February 2021 - 05:15 AM.


#2 CLK

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Posted 02 February 2021 - 11:35 AM

I guess this was why the market put in a low. Internals and sentiment were made useless by a simple trend line.

 

https://invst.ly/tobrh


Edited by CLK, 02 February 2021 - 11:35 AM.


#3 q4wer

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Posted 02 February 2021 - 11:41 AM

Market is marching higher, and higher and higher, looks like.



#4 q4wer

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Posted 02 February 2021 - 11:43 AM

3660 was a bottom Sunday night. 



#5 q4wer

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Posted 07 February 2021 - 08:48 PM

higher and higher,   bearish thrust being made if it runs so quick