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Post by huh on Mar 4, 2016 11:07:08 GMT -5
C'mon bulls, wake up. IWM should be able to squeeze to at least ~108.50, perhaps even 112.50. Although those are big moves from here, they'd still only keep IWM in the downtrend (bearish pattern backtests and gap fills) IWM nearing that first target ~108.50 (was ~98.50 at the time of the post) ~108.70 is the backtest of a bearish pattern. If over that then it would be in squeeze mode (vs. dead cat bounce mode like it's been up until now).
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Post by huh on Mar 4, 2016 11:15:50 GMT -5
Careful of WTW, up decent today, but also nearly filled the gap left from last Friday (~15.55). But once/if >15.75 could get it ~20.
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Post by huh on Mar 4, 2016 11:54:10 GMT -5
GPRO also filling a gap today left from back in mid-January
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Post by novie08 on Mar 4, 2016 12:51:20 GMT -5
FWIW, Jim Rogers says recession within 12 mos.
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Post by huh on Mar 4, 2016 14:13:47 GMT -5
FWIW, Jim Rogers says recession within 12 mos. I think SPX at least mid-1500's by EOY, maybe even in October (remember the significances of Mar & Oct). Perhaps even mid-1300's. Gotta see what SPX does with this 2020 area first though to see how significant March highs will end up being
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Post by huh on Mar 4, 2016 14:18:45 GMT -5
Come on market, push! If SPX doesn't make a higher high today and try for that 2018, that could be bad. Really bad. PUSH!
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Post by Herceg on Mar 4, 2016 14:38:23 GMT -5
FWIW, Jim Rogers says recession within 12 mos. I believe we never left the original recession.............all inflated with QE and other BS.............Gov't a complete fraud and will use the election as an excuse for the downturn blaming one another................all the while them getting richer and putting us further in debt............yet every candidate and party claim to be the best and out for our interests...................... AND yet people are surprised by Trumps rise..............people are beyond fed up with the lies, lobbyists and rich bought politicians.......................something has to change and right now he is the only one that is showing a different channel as opposed to the same BS day in and day out.................do I think he is the answer, I have no idea..............if he does some of what he says it would be a long time coming and a welcomed change.......................if he "F"'s up............it's no different from what we've had for years..........the added intrigue thus far as well is that he has done it on very little advertisement and no $$$$ from corrupt individuals........................... All JMO and BOL...............
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Post by huh on Mar 4, 2016 14:39:42 GMT -5
Come on bulls. This is the first real test of bulls since SPX 1811. Everything else was an algo gimme.
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Post by huh on Mar 4, 2016 14:50:38 GMT -5
That's some serious crazy action in GDX this morning. Wow. Complete reversal from pre-market lows to where it is now. GDX hitting some pretty stiff resistance here. I'd be cautious of it even though gold shows higher, at least until GDX clears these 20.80's (or fills the opening gap). JMO GDX gap filled. DUST up ~15%+ since.
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Post by huh on Mar 4, 2016 14:52:43 GMT -5
Would be nice to see SPX at least close >2001.15, otherwise bulls completely fudged it up
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Post by huh on Mar 4, 2016 15:01:20 GMT -5
Careful of WTW, up decent today, but also nearly filled the gap left from last Friday (~15.55). But once/if >15.75 could get it ~20. WTW down pretty good since GPRO also filling a gap today left from back in mid-January GPRO down big since And GDX down big since. See what I mean about this market not holding a rally without pm miners?
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Post by huh on Mar 5, 2016 7:36:47 GMT -5
Come on bulls. This is the first real test of bulls since SPX 1811. Everything else was an algo gimme. Cleaned up the charts (below), and noted why I said what I did above about this being the first real test for bulls (circled). Room for some pullback here without losing upward momentum, but not much. Would need over Friday's high to begin a squeeze (up until now has only been dead cat bounce)
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Post by birthmark on Mar 5, 2016 12:12:00 GMT -5
Great charts Huh! THanks. I think it squeezes. Up we go.
GL
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Post by novie08 on Mar 5, 2016 21:03:47 GMT -5
FWIW, Jim Rogers says recession within 12 mos. I think SPX at least mid-1500's by EOY, maybe even in October (remember the significances of Mar & Oct). Perhaps even mid-1300's. Gotta see what SPX does with this 2020 area first though to see how significant March highs will end up being This is really saying something in an election year. Esp. the 1300s which would be over 30% at today's close and of course we're expecting more + S-T.
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