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The DOW INDU is ready to invert direction


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#1 Insider

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Posted 10 October 2007 - 11:20 AM

Posted Image

Insider ;)
BEAR MARKET - JULY 29, 2011

Current Position:

Short the Dow from 12200

#2 NAV

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Posted 10 October 2007 - 11:31 AM

Insider, Do you have a stop loss in mind for any of your positions ?

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

 

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#3 Insider

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Posted 10 October 2007 - 12:17 PM

Insider,

Do you have a stop loss in mind for any of your positions ?


Where is the problem, NAV?

Enjoy the fall...Enjoy the fall...don't worry..This is clearly distribution :D

However.... to be honest I will close all longs with a DOW close (daily) above 14350

Insider
BEAR MARKET - JULY 29, 2011

Current Position:

Short the Dow from 12200

#4 snorkels4

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Posted 10 October 2007 - 12:39 PM

1998--the fed saved us - yield curve de inverting again--4 year cycle and all that

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=1996-01-01&i=p05932731845&a=116763812&r=169.png
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#5 NAV

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Posted 10 October 2007 - 12:40 PM

Where is the problem, NAV?

Enjoy the fall...Enjoy the fall...don't worry..This is clearly distribution :D

Insider


I like your style :D

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

 

https://twitter.com/Trader_NAV

 

 


#6 rkd80

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Posted 10 October 2007 - 01:30 PM

Hmm it depends how you look at those charts, no? For instance TRAN confirmed in previous peak, yet the market still tanked. So whether Tran confirms or not does not seem to be relevant in those cases. Volume peaked in previous high and market tanked, yet here volume is dropping off. So what kind of argument can be made?
“be right and sit tight”

#7 arbman

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Posted 10 October 2007 - 04:45 PM

So what kind of argument can be made?


The volume or the majority is waiting for a decline to load up?

#8 pdx5

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Posted 10 October 2007 - 08:11 PM

To throw in my 2Cents worth, majority of goods are now imported and they come in ships. And shipping volume and rates are at record levels. Mostly foreign shipping companies, so not familiar with their stocks, but my guess is they must be hitting all time highs. The trannies are not what they used to be.
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#9 cafeflorida

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Posted 10 October 2007 - 09:52 PM

So what kind of argument can be made?


The volume or the majority is waiting for a decline to load up?



They're waiting for the retracement in order to sell. J6P buying heavily at the
bottom would be news to me.