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Post by huh on Apr 14, 2014 13:18:26 GMT -5
...and VIX Scams acting like tree huggers cause they're going green.
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Post by huh on Apr 14, 2014 13:36:41 GMT -5
C's not falling like I thought it would (yet), but S&P and NDX look like rounded tops today - and probable H&S patterns. If a H&S, would expect S&P to bounce back to ~1829 from here (<1823) before resuming downtrend. Under 1822.50 and the Mulligan is over.
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Post by walnut on Apr 14, 2014 15:15:27 GMT -5
Anybody ever watched this creepy little gem
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Post by jacksrbtr on Apr 14, 2014 16:04:41 GMT -5
This looks like as good a thread as any to say: I dumped a ton of shares of various and sundry biotech today. I am not sure what I will do from here but commodities are definitely on watch. This was a piss poor bounce ( especialy in the IBB biotech etf.) I sustained some rather painful losses but am not going to quit trading. I still own STEM. Yep I know that is crazy. I just want cash for when I decide what I do want to buy. I am NOT going to cry. I am NOT going to cry. I am NOT crying. Okay a few tears... Oy! Ive been worried about the biotech slaughter and you...and wish I'd have sold my ROSG 3-4wks ago...craps.
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Post by huh on Apr 14, 2014 17:29:11 GMT -5
Well, I was way wrong. What happened? I wasn't around for the close, but looks like everyone suddenly went bullish...? Here's that small H&S/Rounded Top I mentioned... Didn't form a full RS, so looks like it may go up for a head test instead. Would expect to at least hit the 38.2 FIB (circle), and good odds it will happen with a gap'n'crap. IWM bounced off its 200dma today, so maybe that will could the market some lift. But I doubt it. This recent sell-off was steep, so the market has a lot of resistance on the way up. And I'm not seeing anything beyond that yet to say the sell-off is over. Looks like only FIB retracing here.
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