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Post by huh on Dec 15, 2015 11:15:10 GMT -5
We are headed for a major fall IMO................I know that is the same tune I've been saying for some time now, but KMT, CAT, MMM are just a handful of saying things are bad all across the board both locally and abroad.................No matter how much the Gov't puts honey on this pile of $hit.........................it is still $hit at the end of the day.............. JMO and BOL.............. More like a dive IMO. Just need to get to the highest diving board first. |
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Post by walnut on Dec 15, 2015 11:26:52 GMT -5
We are headed for a major fall IMO................I know that is the same tune I've been saying for some time now, but KMT, CAT, MMM are just a handful of saying things are bad all across the board both locally and abroad.................No matter how much the Gov't puts honey on this pile of $hit.........................it is still $hit at the end of the day.............. JMO and BOL.............. I think we are sometime pretty soon too, it's just common sense. Even now we seem to be seeing lower highs and lower lows. |
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Post by huh on Dec 15, 2015 11:29:14 GMT -5
There is strong potential here for the blow-off top phase to finally begin today - only need a higher HOD and strong close now. Dollar's already nodding in agreement at least.
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Post by huh on Dec 15, 2015 11:35:30 GMT -5
Still waiting for that AAPL 110.50 test. But remember that lately at least, market has been (eventually) following oil
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Post by huh on Dec 15, 2015 12:13:39 GMT -5
If market doesn't pullback hard here, I'd be shocked. And probably to be led down by AAPL. The question is can it hold supports now - if the dollar continues higher during any pullback, then the answer is yes IMO. Dollar futures support is now ~97.70 Next major SPX support down from here is ~2039.40 but wouldn't be surprised at all to see 2022 (as a day trader, 2050 was the spot to short with tight stop) Low on that pullback was 2039.82 - close enough? (and it did appear that it might have been AAPL that brought it down) |
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Post by huh on Dec 15, 2015 12:46:54 GMT -5
If long SPX, should have stop no lower that ~2042.50 now in case it flushes (that's from 1994 if followed from yesterday morning)
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Post by huh on Dec 15, 2015 16:39:16 GMT -5
Strange day for the big tech names. AAPL, FB, GOOG, NFLX, LNKD, BRCM, SNE, TWTR all red. AMZN & MSFT basically flat.
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Post by huh on Dec 15, 2015 16:56:09 GMT -5
Finally, at long last, CHK hit my downside target. Had 3.60's-3.70's, and today's LOD was 3.75.
Been watching this one and calling it short at least since it was >15.00. It could drop more yet, but I'm done watching this one. Dropping it from my watch list.
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Post by jacksrbtr on Dec 15, 2015 20:28:56 GMT -5
AAPL needs to hold the 110.50 area today or it would likely go quite a bit lower
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