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Post by Herceg on Aug 25, 2015 8:58:45 GMT -5
Low 1800's on the horizon and possibly worse.............
JMO and BOL.........
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Post by huh on Aug 25, 2015 9:09:28 GMT -5
Low 1800's on the horizon and possibly worse............. JMO and BOL......... You've been spot on so far, and I'm seeing the same potential downside now as well. And today's high sho' do like a head test of all those intraday H&S patterns yesterday. But I'm waiting for the EUR/USD to confirm it. Too big a chance for a squeeze here (and that wouldn't even occur until >SPX1973)
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Post by huh on Aug 25, 2015 9:13:24 GMT -5
Apparently I should have held onto that DUST. Why can't everything just rise together!
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Post by huh on Aug 25, 2015 9:14:48 GMT -5
Next SPX resistances ~1952.50 & 1972.50
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Post by Herceg on Aug 25, 2015 9:15:15 GMT -5
Low 1800's on the horizon and possibly worse............. JMO and BOL......... You've been spot on so far, and I'm seeing the same potential downside now as well. And today's high sho' do like a head test of all those intraday H&S patterns yesterday. But I'm waiting for the EUR/USD to confirm it. Too big a chance for a squeeze here (and that wouldn't even occur until >SPX1973) Nobody is really excited about this other than MM's and traders due to the swings.............this is going to really get scary in the near future............and not on the good side.............All the CNBC pumpers are fund managers who are fully vested and know they will get screwed when things start to tumble....... As always JMO and BOL...........
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Post by huh on Aug 25, 2015 9:27:47 GMT -5
ES broke over the final FIB resistance from the 5:30a high to this morning's low Good chance to see between 1963-1969 now ...I'd say VXX should be even under 18 pretty quick. Then lower. DJI futures up ~350 pts now. Should see at least another 400 in addition to that very soon ( ES ~1970) I'm still thinking the real battle could take place ~ES 1970 (SPX 1972.50-1975) unless EUR/USD confirms higher before then (and it's been sitting basically sideways since the open)
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Post by novie08 on Aug 25, 2015 9:29:27 GMT -5
Apparently I should have held onto that DUST. Why can't everything just rise together! Posted that Jackson Hole gathering is Thurs./Fri. so they always take a sledgehammer to the PMs. FWIW. I'm sure rate increases will be discussed and we may not get Ackerman's bounce. Of course that is not to say I bought any DUST...
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Post by huh on Aug 25, 2015 9:30:22 GMT -5
Nobody is really excited about this... That's what would make the squeeze so effective (& perhaps likely?) Don't get me wrong, I agree with you completely. We only differ about how all of this may end - and I may be on board with you even on this very shortly here. LOL
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Post by huh on Aug 25, 2015 9:31:09 GMT -5
Apparently I should have held onto that DUST. Why can't everything just rise together! Posted that Jackson Hole gathering is Thurs./Fri. so they always take a sledgehammer to the PMs. FWIW. I'm sure rate increases will be discussed and we may not get Ackerman's bounce. Although GDX lost major support, GLD filling a downside gap. I'm still hoping. I'd be very surprised if gold doesn't see at least that 1170's target.
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Post by crumbdon on Aug 25, 2015 9:31:46 GMT -5
Next SPX resistances ~1952.50 & 1972.50 Doesn't look like it's the RESISTANCES that we have to be concerned with...
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Post by novie08 on Aug 25, 2015 9:33:01 GMT -5
Next SPX resistances ~1952.50 & 1972.50 Doesn't look like it's the RESISTANCES that we have to be concerned with... It's looking like it could be the reverse of yesterday. Just sayin'.
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Post by Herceg on Aug 25, 2015 9:38:57 GMT -5
Doesn't look like it's the RESISTANCES that we have to be concerned with... It's looking like it could be the reverse of yesterday. Just sayin'. The Mkt. is losing its grip.................It would not surprise me at all if you are correct on this move Novie..........................Most by EOD will realize that there is nothing to justify this pop other than a relief rally................All my trades today were shorts on the pops.........which should not come as a surprise since I don't and have not bought into the Federally infused Mkt. for some time now............ JMO and BOL..........
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Post by crumbdon on Aug 25, 2015 9:43:42 GMT -5
All told, we've been in a surprisingly narrow range since about 5 mins after the open. Weird.
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Post by walnut on Aug 25, 2015 9:47:10 GMT -5
All told, we've been in a surprisingly narrow range since about 5 mins after the open. Weird. That may be bullish, and sorry to go against the gang here but I could use some up today haha
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Post by Herceg on Aug 25, 2015 9:51:14 GMT -5
All told, we've been in a surprisingly narrow range since about 5 mins after the open. Weird. That may be bullish, and sorry to go against the gang here but I could use some up today haha I'll make a deal with you and take turns.............you ride it up and I'll ride it down..........this way we're both happy......... JMO and BOL...................
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Post by walnut on Aug 25, 2015 9:54:10 GMT -5
I just need it to calm down so my options spreads bid asks come back together.
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Post by walnut on Aug 25, 2015 9:56:07 GMT -5
You know that some corrections end with extremely hard snap back squeezes. But this was a bigger sell-off, these usually have ripples of volatility for several weeks.
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Post by crumbdon on Aug 25, 2015 9:57:55 GMT -5
All told, we've been in a surprisingly narrow range since about 5 mins after the open. Weird. That may be bullish, and sorry to go against the gang here but I could use some up today haha I'm starting to lean that way too. Must need more altitude to produce a bigger splat!
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Post by huh on Aug 25, 2015 9:59:55 GMT -5
EUR/USD finally within a whisper of backtesting that neckline
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Post by walnut on Aug 25, 2015 10:01:35 GMT -5
Today was already framed as a recovery last night, by the MSM. So this is what they want.
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