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ding ding gap filled 2295 try a sm short here.fehro wrote:SPX into gap… some "possible" resistance.. "should" fill upper gap to 2295.
Do not be bear or bull. Learn, think, learn some more, practice (plan, paper trade, review), observe.jademann wrote:This bear is ruined. I have no more cash left to play the game now so I'm out.
I guess they will have to find other money to use to push the market up now, good luck all.
This is sad news.jademann wrote:This bear is ruined. I have no more cash left to play the game now so I'm out.
I guess they will have to find other money to use to push the market up now, good luck all.
going for the target, 2300ish.. VIX flat ishfehro wrote:ding ding gap filled 2295 try a sm short here.fehro wrote:SPX into gap… some "possible" resistance.. "should" fill upper gap to 2295.
Daniel wrote:This is sad news.jademann wrote:This bear is ruined. I have no more cash left to play the game now so I'm out.
I guess they will have to find other money to use to push the market up now, good luck all.
But, as Cobra has preached for many years, going back as far as I can remember, as techical analysts we follow. We follow. We are the humblest of men and women, we follow. The market tells us. We try to hear and understand as early as possible. And then we follow.
BullBear52 is a master of using countertrend pullbacks as a hedging instrument to his longer term models. But he too always emphasizes that the primary trend is one's friend. One cannot be a bear on US equities right now by any meaningful metric, not with price pushing alltime highs in favorable seasonality, and the XBD and BKK (broker/dealer and banking indexes) also near record highs. The MAs tell us a story, and the insiders echo it. At most, one can be market neutral.
Over-valuation or under-valuation can go on far longer than we can remain solvent.
NY advancing stocks = 4 x declining stocksAl_Dente wrote:NY advancing stocks = 3.7 x declining stocks
NY advancing volume = 3.1 x declining volume