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A TOP: ST, and possibly IT


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#1 dTraderB

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Posted 26 September 2024 - 12:31 PM

Heavy selling above ES 5800 today.

Helene Meisler (@hmeisler) posted at 6:52 AM on Thu, Sep 26, 2024:
AAII Bulls steady. Bears fewest since 8/21

Mostly nothing done though. https://t.co/tUxw4Z0SfH

#2 dTraderB

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Posted 26 September 2024 - 12:33 PM

Barron's (@barronsonline) posted at 8:51 AM on Thu, Sep 26, 2024:
The Stock Market Is Having a Melt-Up. There Wont Be a Meltdown Anytime Soon. https://t.co/7AKibwu456


Heavy selling above ES 5800 today.

Helene Meisler (@hmeisler) posted at 6:52 AM on Thu, Sep 26, 2024:
AAII Bulls steady. Bears fewest since 8/21

Mostly nothing done though. https://t.co/tUxw4Z0SfH



#3 12SPX

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Posted 26 September 2024 - 12:35 PM

I'm sure the chief will flip those sentiment numbers bullish somehow lol!!!  The Barrons article though isn't a good sign lol!! 



#4 andr99

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Posted 26 September 2024 - 01:48 PM

short term top, maybe or maybe not. IT top, I don' t think. This market is going to top out around February or March, I think. The wall of worries is 

still far from being completed and until they have finished completing it, the bull is intact. 


Edited by andr99, 26 September 2024 - 01:51 PM.

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


#5 andr99

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Posted 26 September 2024 - 02:25 PM

maybe mid October for the start of a trading range waiting for the elections ? The reason why I don't believe in an IT correction here, is that we've just got out of one 

and it would be strange to start another.  


Edited by andr99, 26 September 2024 - 02:27 PM.

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


#6 RadioHead

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Posted 26 September 2024 - 05:19 PM

Short-term pullback is probable. I doubt the IT top is here. No reason to have a sizable decline yet.

#7 slupert

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Posted 27 September 2024 - 06:04 AM

Too much resistance and funky data coming. see my post from yesterday

#8 pdx5

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Posted 27 September 2024 - 12:17 PM

"I doubt the IT top is here. No reason to have a sizable decline yet."

 

I concur. 50 basis point cut will carry the market through Nov 5th.

After that it will depend on who wins presidency.


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#9 andr99

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Posted 27 September 2024 - 12:19 PM

"I doubt the IT top is here. No reason to have a sizable decline yet."

 

I concur. 50 basis point cut will carry the market through Nov 5th.

After that it will depend on who wins presidency.

 

you should know who will win........there's no other possibility


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


#10 beta

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Posted 27 September 2024 - 12:20 PM

I looked out my Windows this morning, and saw nothing but butterflies. 

 

Gartleys, to be sure.


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