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Where is the pain?


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#1 .Blizzard

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Posted 09 May 2007 - 02:00 PM

with more confidence.....at this point the seasonality will do the rest 100% from 1498.5 My hard stop is at 1527 and it can't be reached for sure ( :D ) Expecting a large, severe decline till late June early July Guys, fasten your seat belts, because it's going to be a very bumpy ride Let's see how the bulls really burned their money :rolleyes: Do you remenber my old post....the market turns on May 10 Well I was a bit early anticipating my short entry.....but now the time has arrived

Edited by .Blizzard, 09 May 2007 - 02:10 PM.

 
 
 


#2 NAV

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Posted 09 May 2007 - 02:11 PM

1527 - What is that stop based on ?

"It's not the knowing that is difficult, but the doing"

 

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#3 .Blizzard

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Posted 09 May 2007 - 02:17 PM

1527 - What is that stop based on ?


161.8 fib extension from 2/22 high and 3/14 low
 
 
 


#4 .Blizzard

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Posted 09 May 2007 - 02:54 PM

1527 - What is that stop based on ?


161.8 fib extension from 2/22 high and 3/14 low


1527 and I am gone. 1566 should be the next natural target

Above 1527 and this thing can't be shorted till mid/late June (inverted cycle)

.....but I am still confident that we are approaching the market turn
 
 
 


#5 CLK

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Posted 09 May 2007 - 06:35 PM

Can't remember who posted this chart, but here is an update.

If new highs don't turn up here the downside could pile up
quick.

I might have to add to hedge here.



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#6 market speculator

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Posted 09 May 2007 - 06:51 PM

Price volume is telling me there is a negative divergence between the two...it also says we are going to move higher. Until we get more downside pressure with volume we are going higher.