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spx possible path


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#1 andr99

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Posted 29 September 2022 - 03:29 AM

right or wrong......up to 3930 then down to 3750.......then up to close the gap at 4250 on the daily. Then probably even joe six pack will be convinced the bear is over


forever and only a V-E-N-E-T-K-E-N - langbard


#2 andr99

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Posted 29 September 2022 - 03:43 AM

BTW....when the spx gets to 4250 the desaparecido will get back to posting and will become ''re-aparecido''........

 

Let's see if I' m right or wrong on both predictions


forever and only a V-E-N-E-T-K-E-N - langbard


#3 pdx5

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Posted 29 September 2022 - 09:40 AM

SPX down almost 100 points today. Is this capitulation?


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 andr99

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Posted 29 September 2022 - 09:59 AM

pay attention because there are two possibilities......the first one that you like is that it is short term distribution on support before breaking it down and dropping hard, the second is that these up and downs are meant to push every long position holders out of the stock market before pushing it up


forever and only a V-E-N-E-T-K-E-N - langbard


#5 pdx5

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Posted 29 September 2022 - 10:37 AM

I wish MACD was helping to decide what to do.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 andr99

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Posted 29 September 2022 - 10:47 AM

pdx5......if you trade stocks, you must have something to rely on otherwise flip a coin and then decide what part to take or decide your part because inflation is 8% and it's too high, while navigated and succesfull traders think it's all priced in already and are long. Democracy is nice because anyone believes what he wants.  


forever and only a V-E-N-E-T-K-E-N - langbard


#7 andr99

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Posted 29 September 2022 - 11:03 AM

https://postimg.cc/CnxmGBY7

 

above you have the dax weekly macd......as you can see it is very good at pinpointing the stock markets' turning points, apart the 2020 pandemic drop which was an unpredictable event which no indicator could forecast.

Current macd level is important because from there a lot of rallies have started both with an anticipating divergence or not. Look at how much the macd dropped since late 2021 and how little the dax dropped compared to it. Is that bearish or bullish ? My answer is....bullish   


Edited by andr99, 29 September 2022 - 11:06 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#8 pdx5

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Posted 29 September 2022 - 11:07 AM

I do not use coins. I keep all money in short term bonds until there is 20%+ drop in stocks from recent highs.

Then I start switching from bonds to stocks. If stocks drop 30% from recent highs, I go completely out of bonds and 100% in stocks.

Then I go play lot of golf. Just wait patiently for bull to come alive and show 30% profit on my trades. Then I begin selling stocks and go completely out and go back in bonds. I use no charts, no TA, no funnymentals to make trading decisions. It is strictly price levels and percentage profits. Only buy SPX index funds. Those always go bullish eventually. Just a matter of time.

 

The biggest advantage of this method is I never got caught in a stock crash. When crash happens, I am in bonds.


Edited by pdx5, 29 September 2022 - 11:12 AM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#9 andr99

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Posted 29 September 2022 - 11:17 AM

I do not use coins. I keep all money in short term bonds until there is 20%+ drop in stocks from recent highs.

Then I start switching from bonds to stocks. If stocks drop 30% from recent highs, I go completely out of bonds and 100% in stocks.

Then I go play lot of golf. Just wait patiently for bull to come alive and show 30% profit on my trades. Then I begin selling stocks and go completely out and go back in bonds. I use no charts, no TA, no funnymentals to make trading decisions. It is strictly price levels and percentage profits. Only buy SPX index funds. Those always go bullish eventually. Just a matter of time.

 

The biggest advantage of this method is I never got caught in a stock crash. When crash happens, I am in bonds.

 

don' t misunderstand me please, you are a good person that always kept a more than educated behavior in this forum and I didn' t want to be critical while explaining how I take my decisions

 

best regards 


Edited by andr99, 29 September 2022 - 11:18 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#10 fib_1618

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Posted 30 September 2022 - 10:00 AM

https://postimg.cc/CnxmGBY7

 

above you have the dax weekly macd......as you can see it is very good at pinpointing the stock markets' turning points, apart the 2020 pandemic drop which was an unpredictable event which no indicator could forecast.

Current macd level is important because from there a lot of rallies have started both with an anticipating divergence or not. Look at how much the macd dropped since late 2021 and how little the dax dropped compared to it. Is that bearish or bullish ? My answer is....bullish   


What are your settings on the weekly MACD?

 

Fib


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