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Post by huh on Apr 13, 2015 11:02:14 GMT -5
...And besides we got you, huh, as our very own Chief Market Strategist!!! Wha-hoooooo! Thanks, Jack Go back and look at my calls on DDD, then decide if I should be paying YOU $100/mth to keep posting here. LOL
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Post by huh on Apr 13, 2015 11:07:00 GMT -5
Raining outside, so can't work in the yard. So I turned on CNBC. First thing I heard was "S&P trading at 2100. Do we have a disconnect between the market and reality?"
LOL
Well, let's see, S&P trading at a p/e of >$20, a Schiller p/e ratio of 27.36 (only higher in 1929 and 2000) and an all-time high price/sales ratio of 1.82.
I turned it off. The simple answer is "Yes, just like before previous market crashes. Caveat emptor."
It doesn't take a panel of talking heads and 1/2 an hour to say that.
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Post by Herceg on Apr 13, 2015 11:17:48 GMT -5
It doesn't take a panel of talking heads and 1/2 an hour to say that. they like to stroke their own egos.................When things fall apart and finally do pull back, hopefully within the next 20 years, they will say they saw this coming..............never ends............LOL......... JMO and BOL.........
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Post by huh on Apr 13, 2015 11:24:13 GMT -5
It doesn't take a panel of talking heads and 1/2 an hour to say that. they like to stroke their own egos.................When things fall apart and finally do pull back, hopefully within the next 20 years, they will say they saw this coming..............never ends............LOL......... JMO and BOL......... Cramer: "Buy! Buy! Buy!" Then 3 months later, "It was obvious the market was overbought and trading at high valuations. And that's why we always take profits..." Then 3 months after that, "Sell! Sell! Sell!" to mark a bottom.
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Post by huh on Apr 13, 2015 11:25:55 GMT -5
IWM trying to go parabolic here. If it fails, then back to the 200dma. If it succeeds, it'll be a fast move up to ~128.50. Looks as if IWM is failing the parabolic breakout. Should get one more pop from the 125.90-126.00 area, then downside target ~116.85 (200dma). That would put SPX in the 1965-1985 range. (S&P futures also failed a bullish break out) ...unless of course it squeezes to a new HOD in the last 3 minutes. LOL Welcome to OPEX BBL & BOL
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Post by Herceg on Apr 13, 2015 11:37:56 GMT -5
Cramer: "Buy! Buy! Buy!" Then 3 months later, "It was obvious the market was overbought and trading at high valuations. And that's why we always take profits..." Then 3 months after that, "Sell! Sell! Sell!" to mark a bottom. LMAO !!!!!!!!!!!!! Spot on accurate..............then you wonder why I get frustrated when one cannot trade on true fundamentals because of these A-Holes who seem to keep the sheep in check.............. JMO and BOL.........
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Post by huh on Apr 13, 2015 12:28:08 GMT -5
GPRO working on a bullish pattern, upside target 52.80. Already broke out and confirmed with a backtest. Only needs to close over 44.85 today. Looks as if GPRO is failing that bullish pattern. Fell below the backtest then came back up from the underside to test it again and failed to break over it. GPRO trying for an intraday double-bottom here on FIB support for a higher HOD. Stop if short is >44.47 in case it succeeds.
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Post by huh on Apr 13, 2015 12:29:29 GMT -5
Sell away, Mr. Market. Sell away.
Catch ya guys later
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Post by jacksrbtr on Apr 13, 2015 12:49:04 GMT -5
Gareth, ITMS, just shorted IBB Short IBB Entry: $359.70 Stop: Confirmation Above $375.50 Target: $329.90
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Post by jacksrbtr on Apr 13, 2015 14:13:18 GMT -5
Hiawatha 101 just came out of the shop - smoke unit now causing global warming bigtime:
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Post by huh on Apr 13, 2015 15:03:34 GMT -5
Sell away, Mr. Market. Sell away. Catch ya guys later Good boy
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Post by novie08 on Apr 13, 2015 18:24:10 GMT -5
Hiawatha 101 just came out of the shop - smoke unit now causing global warming bigtime: That is just unbelievable and beautiful!
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