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Post by clinton on Sept 22, 2016 9:06:19 GMT -5
normally as price rises obv rises when things are normal when bots are involved they can rise the price but the obv drops abnormally and it indicates distribution. |
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Post by clinton on Sept 22, 2016 9:08:21 GMT -5
IWM one min obv is at the LOD
thats not normal for a stock thats above it opening price.
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Post by clinton on Sept 22, 2016 9:09:53 GMT -5
they can always turn the distribution bot off and go bullish but Ive found this a very usful indicator
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Post by clinton on Sept 22, 2016 9:11:42 GMT -5
some times tracking errors screw this indicator up too
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Post by clinton on Sept 22, 2016 9:13:26 GMT -5
going to try out the stop limit feature on robinhood today
I put one in just above B/E on WFM
Ill see how fast it triggers.if needed
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Post by huh on Sept 22, 2016 9:17:45 GMT -5
I was just going to post something about stops - be careful with them today. I just had a friend who was stopped of WFC. The stock quickly dropped 1%, right down to his stop, then popped right back up (that was a $2.5B move in market cap)
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Post by clinton on Sept 22, 2016 9:23:04 GMT -5
bearish obv rats sneaking out the back door  |
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Post by clinton on Sept 22, 2016 9:31:50 GMT -5
bots will be playing games at this point most of the buyers are in long IMO
up to the bank bots to hold it up now
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Post by huh on Sept 22, 2016 9:34:21 GMT -5
bots will be playing games at this point most of the buyers are in long IMO up to the bank bots to hold it up now I agree. I agree on the distribution too. This whole week has been distribution. But as I've said so many times, MM's sell on the way up. |
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Post by huh on Sept 22, 2016 9:45:11 GMT -5
I do still expect ES_F will see at least 2170's. Getting >2143 should get it done At least ES_F got those 2170's. It's sure playing this 2170 resistance though, isn't it? |
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Post by huh on Sept 22, 2016 9:53:55 GMT -5
My bullish patience is getting very thin. Market can't go sideways too long after a gap up without losing it.
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Post by huh on Sept 22, 2016 10:09:57 GMT -5
For confirmation of more upside, I'm watching for VIXY to fall <27.93. S&P needs to hold 2173 to avoid losing this gap up, or at least losing most of it.
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Post by huh on Sept 22, 2016 10:22:33 GMT -5
I wonder how few out there realize this market, right here, right now, is teetering on the edge of a potential 30%+ dive. A few pennies the wrong way and ...
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Post by walnut on Sept 22, 2016 10:22:42 GMT -5
A moderate correction could still loom. the pattern looks very similar to what happened in June.
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Post by walnut on Sept 22, 2016 10:23:45 GMT -5
I wonder how few out there realize this market, right here, right now, is teetering on the edge of a potential 30%+ dive I think many have been thinking that for awhile, and by now may have become complacent. |
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Post by huh on Sept 22, 2016 10:27:05 GMT -5
Oil nearing that resistance ~46.67
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Post by huh on Sept 22, 2016 10:52:46 GMT -5
For confirmation of more upside, I'm watching for VIXY to fall <27.93. S&P needs to hold 2173 to avoid losing this gap up, or at least losing most of it. VIXY has tested that 27.93 twice since I posted this, and with a rounded top/continuation pattern while getting there. That usually means it'll break. But it's almost lunchtime, so it's possible it can pop quickly to ~28.70 in order to fill the gap, then come back down. So I have to close me eyes and ignore these pivots for the next hour. Engaging autopilot. BBL & BOL  |
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Post by clinton on Sept 22, 2016 11:08:23 GMT -5
going to try out the stop limit feature on robinhood today I put one in just above B/E on WFM Ill see how fast it triggers.if needed stop triggered, yes it works LOL |
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Post by Herceg on Sept 22, 2016 11:59:20 GMT -5
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Post by huh on Sept 22, 2016 13:13:51 GMT -5
I see I didn't miss much. Is it just me, or is something strange about today's action? Maybe it's only because so many sectors aren't really participating (banks, energy, transports, materials, etc.)
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