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Complex Bottoming Process in October/November -- Still Advantage BEARS


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#51 K Wave

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Posted 03 October 2022 - 10:48 AM

Finally starting to get kinkage in the 3 hour 200 on TSLA.

 

Sell the rips....long term tide is turnin'

 

tsla.png

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#52 K Wave

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Posted 03 October 2022 - 10:52 AM

the moves on "boring" stock are kind of cray cray.

 

Dillards moving up and well over 10% every few days..GameStop wannabe :lol:


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#53 redfoliage2

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Posted 03 October 2022 - 10:52 AM

The market is bouncing up as the SPX key support 3590 holds I mentioned last week........................  

It's very possible that the market may have made a bottom at the key support.....................


Edited by redfoliage2, 03 October 2022 - 10:58 AM.


#54 K Wave

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Posted 03 October 2022 - 10:59 AM

IF apple mages to get back up towards 145, should be a sell again....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#55 K Wave

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Posted 03 October 2022 - 11:07 AM

Rusty trying to get something going of the 1 min 200 test..

 

now see if it can finally take out Friday high...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#56 pdx5

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Posted 03 October 2022 - 11:10 AM

Unless FED gives up on inflation reduction, the "bottom" is much further ahead. My guess is around September-October 2023.


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

#57 dTraderB

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Posted 03 October 2022 - 11:13 AM

NASDAQ still lagging... if it catches up to SPX then a 3+% return today is possible

Waiting on AAPL to catch a bid .. still weak 

 

 

NQ lagging ES, must catch up & move ahead ... or else rally dies 

Up 2.52% today

 

Skittish ... will take some profits but holding at least 75% of current LONGs ....  reopen lower 

 



#58 K Wave

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Posted 03 October 2022 - 11:19 AM

Rusty trying to get something going of the 1 min 200 test..

 

now see if it can finally take out Friday high...

not showin' much gumption just yet...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#59 K Wave

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Posted 03 October 2022 - 11:20 AM

 

NASDAQ still lagging... if it catches up to SPX then a 3+% return today is possible

Waiting on AAPL to catch a bid .. still weak 

 

 

NQ lagging ES, must catch up & move ahead ... or else rally dies 

Up 2.52% today

 

Skittish ... will take some profits but holding at least 75% of current LONGs ....  reopen lower 

 

 

looks like a 145 magnet up there on Apple...but always possible it falls short.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#60 K Wave

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Posted 03 October 2022 - 11:22 AM

This market still just one failed rally away from goin' over the edge...

 

so if things do start to fail, do not overstay on playin' the bounce attempt


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy