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Post by birthmark on Aug 26, 2015 12:29:37 GMT -5
Wait and see if we close below his number on Fri/Mon...then IF that happens, buy some more when we see 12,000; also says there's strong support at 13,900. More amazingly, he's talking the top could be 23,000 now; that is quite a fall from 38-40,000 he was saying possible just two months ago. But it is double 12,000. I don't think he means by Monday tho Jack; he's saying in Oct. if it happens. Novie-- I'm a little confused. Is he saying 23,000 before 12,000? Thx
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Post by crumbdon on Aug 26, 2015 12:36:34 GMT -5
LOL. Actually, unless something drastically changes today, it sure looks like Herc may have been correct all along with his low 1800's target Impressive buying the last 30 minutes, but I won't chase it.
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Post by walnut on Aug 26, 2015 12:38:02 GMT -5
I don't know, intuitively pretty inconclusive looking chart, but the market is up today and seems to be trying to stabilize. Don't hate me because of my non-bearish thinking.
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Post by huh on Aug 26, 2015 12:37:47 GMT -5
LOL. Actually, unless something drastically changes today, it sure looks like Herc may have been correct all along with his low 1800's target And of course straight up since I posted it. It took both my stops getting blown AND me capitulating on the whole squeeze idea. Shutting up now (& finally) Catch ya guys later
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Post by jacksrbtr on Aug 26, 2015 12:55:33 GMT -5
Etrade in its Market Update has the following: "Learn how you can remain calm during a volatile Market."
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Post by Herceg on Aug 26, 2015 13:07:16 GMT -5
LOL. Actually, unless something drastically changes today, it sure looks like Herc may have been correct all along with his low 1800's target Huh, I'm just going off of the charts that I see and the mkt. sentiment......................however, we know with all the manipulation things can turn on a dime with some BS to prop the mkt. further......................That is why I play individual stocks as the mkt. has fooled me too many times in the past............that being said I don't think the Fed has anything left and I don't believe they can hide this forever..............companies already warned of a slow down particularly in Asia so I cannot see how our mkt. will not take a hit................all this phony money which you were spot on when you said companies were just hoarding it which is becoming more apparent to the general public...............in the end this will tumble whether next week or next month but I still stand by low 1800's and possibly worse as more things come to light.............. JMO and BOL.......
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Post by jacksrbtr on Aug 26, 2015 13:08:51 GMT -5
I couldn't have said it better, Novie. You nailed it. (BTW, Autocorrect turns you into "Movie") Cool. If Novie was a Movie which movie would she be in? Well y'all know that Novie was a wild child who rode Harley's in her prime - it'd have to be the chick on the bike in the cult classic "Vanishing Point".
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Post by crumbdon on Aug 26, 2015 13:14:22 GMT -5
Lol, Jack. Your imagination is a funny yet scary place!
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Post by jacksrbtr on Aug 26, 2015 13:18:59 GMT -5
Lol, Jack. Your imagination is a funny yet scary place! GildaTexter was her name!
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Post by crumbdon on Aug 26, 2015 13:27:14 GMT -5
I'll bet that with some green makeup, she could play Gamora from Guardians of the Galaxy
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Post by novie08 on Aug 26, 2015 13:43:09 GMT -5
Wait and see if we close below his number on Fri/Mon...then IF that happens, buy some more when we see 12,000; also says there's strong support at 13,900. More amazingly, he's talking the top could be 23,000 now; that is quite a fall from 38-40,000 he was saying possible just two months ago. But it is double 12,000. I don't think he means by Monday tho Jack; he's saying in Oct. if it happens. Novie-- I'm a little confused. Is he saying 23,000 before 12,000? Thx Oh, no. Not at all. See the links in the Lounge. Saying down possible through Oct., depending on Monday's close. But he's a trader; it's always IF this, then that. So, IF we close August below 15961, it opens the door for correction into October. Need to close above 16461 tomorrow to suggest a temporary low is in. Is that confusing enough for ya? Covers a lot of bases.
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Post by novie08 on Aug 26, 2015 14:02:28 GMT -5
I couldn't have said it better, Novie. You nailed it. (BTW, Autocorrect turns you into "Movie") Cool. If Novie was a Movie which movie would she be in? Well y'all know that Novie was a wild child who rode Harley's in her prime - it'd have to be the chick on the bike in the cult classic "Vanishing Point". You guys are so funny. "Movie" is good; not sure about "Vanishing Point"...the Harley was in California as was the Triumph! Perhaps a better title would be "Trading Places"!
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Post by jacksrbtr on Aug 26, 2015 14:36:38 GMT -5
If Novie was a Movie which movie would she be in? Well y'all know that Novie was a wild child who rode Harley's in her prime - it'd have to be the chick on the bike in the cult classic "Vanishing Point". You guys are so funny. "Movie" is good; not sure about "Vanishing Point"...the Harley was in California as was the Triumph! Perhaps a better title would be "Trading Places"! That was my second choice!!!
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Post by walnut on Aug 26, 2015 15:03:57 GMT -5
The VIX is headed south. But VXX is kinda hanging in there.
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Post by birthmark on Aug 26, 2015 15:06:43 GMT -5
Ho-hum... what's another 600 point day... The new normal.
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Post by walnut on Aug 26, 2015 15:08:57 GMT -5
But if they raise rates, I really think bear market is unavoidable.
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Post by birthmark on Aug 26, 2015 15:12:18 GMT -5
My guess is that they won't. THough they should. Let the next administration deal with it.
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Post by novie08 on Aug 26, 2015 15:43:24 GMT -5
Yep, this didn't hurt at the close and you know the bots knew: news.ino.com/headlines/?newsid=352111164Dudley "less inclined" to support a rate hike in Sept. and he's the #2 man on the FOMC which sets rates.
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Post by crumbdon on Aug 26, 2015 18:48:15 GMT -5
I found this interesting. The best Elliot Wave guy that I follow (who also has had quite a few good calls the last few months, but not as good as BamaTrader) posted this right as we began that spectacular ascent into the last hours of trading. I haven't seen him post any retractions or addendums, so I have to assume that he believes it still stands. ElliottWaveTrader @avigilburt · 5h5 hours ago $INX $SPX Ending diagonal points to strong low into tomorrow our turn pt, then very strong reversal when ED completes His target puts us back to the mid 1800's again. Today was a powerhouse move, with the volume to accompany, but I still see a few chinks in the armor that could allow one more flush in the next 2-3 days. It will be fun to see if his forecast comes to pass. Here is the link to his post if you want to see the chart he posted with it. twitter.com/AviGilburt
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Post by jacksrbtr on Aug 26, 2015 20:02:27 GMT -5
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