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BULLS again escaped - CHINA dragging diwn global economy, markets


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#21 dTraderB

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Posted 28 August 2023 - 02:02 AM

As I said below, it is wild & frenetic VST trading both HSI & CHINESE FTSE A50 indices.

Going to get a few hours sleep after about 15 minutes into the EUROPEAN OPEN at 3am EST..

A JACKSON HOLE minor miracle as BULLS reversed earlier declines.
POWELL was firmly hawkish. Seasonslly bearish still although they say LABOR HOLIDAY is normally bullish.

My FF is markets continue rallying but with intra & daily pullbacks. But, the bears will regain control & push it lower into October.

I am LONG US STOCKS, hedged partially; building a LT LONG POSITION IN NVDA as well as CALLS IN RT PORTFOLIO.

BIG CHINESE & HSI LONG POSITION WITH FRENETIC ST TRADING IN HSI & A50 during last week.



#22 redfoliage2

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Posted 28 August 2023 - 07:40 AM

US market going to gap up, but watch out for a gap fill ..................


Edited by redfoliage2, 28 August 2023 - 07:47 AM.


#23 K Wave

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Posted 28 August 2023 - 07:47 AM

Italy held exactly where it needed to at 28K.....now we see if it can start to climb out...

 

As long as above 28K now...bulls still with advantage...

 

But any sharp reversal before climbing out could still put ball right back in bears hands...

 

1850 is the big level on Rusty now, cuz if that goes, 1830 likely would too...held it over night so far.

 


Edited by K Wave, 28 August 2023 - 07:48 AM.

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

 

 


#24 12SPX

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Posted 28 August 2023 - 07:51 AM

Love these premarket ramp ups especially when interest rates remain high.  Took profits on my long from Friday for a nice 30 point gain and now have an average short of 4425 going into the cash open...



#25 K Wave

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Posted 28 August 2023 - 07:51 AM

Pivot turn at 177 on Apple on Friday looks key on multiple shorter time frames now.

 

Bulls OK with 185 area as first target as long as it holds.

 

1 min shown here.

 

Very likely that below 177, the trap door to the abyss would open on Apple now....see how far bulls can take it here...

 

 

 


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

 

 


#26 K Wave

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Posted 28 August 2023 - 08:02 AM

Still think NVDA reasonably likely chance for test of the 15 min line perhaps sometime today.

 

And what happens there could be REAL important....

 

if it gets back above 480 first, then bulls look a bit better, but at this point still looking like possible huge cherry on top up there...

 

 

 


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

 

 


#27 K Wave

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Posted 28 August 2023 - 08:07 AM

looking reasonably likely that BTC about to make a perhaps very big decision...

 

If bulls fail to turn the corner here, then it could head for 25K, and below that is big trouble....

 

See if bulls can pull of the big turn here....35K is still potentially out there if they do.

 


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

 

 


#28 RadioHead

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Posted 28 August 2023 - 08:35 AM

Keep your eyes on the prize. This market is going up. AI!!!!!!



#29 12SPX

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Posted 28 August 2023 - 08:38 AM

Average short now 4430....  Gotta love the bulls lol!!  



#30 K Wave

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Posted 28 August 2023 - 08:40 AM

NVDA weak out of the gate...see if it can hit the target...


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