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02/16/2019 Weekend Update

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Cobra
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02/16/2019 Weekend Update

Post by Cobra »

Up 3 weeks in a row, 81% chances higher high ahead the next week.
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tsf
Posts: 527
Joined: Tue Feb 15, 2011 7:49 am

Re: 02/16/2019 Weekend Update

Post by tsf »

SPX, fascinating Fractals and Geometric structures repeating 2009 Vs 2019.
This move here is proportionately larger and may go for 43-66 days and a good correction for (2) after TBD. We need to allow more time? Enjoy the ride..

Source:
https://twitter.com/coolbizone/status/1 ... 4701555712

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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/16/2019 Weekend Update

Post by Al_Dente »

% performance since the December low (12/24/18)
Best are banks (red) internet (pink) and semis (gray)
I want to see the internet (pink) make a higher high like everybody else… at the moment it’s the only negative divergence in these “indices”,
and it can be easily “cured”
216 perf since dec low.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Joined: Tue Feb 22, 2011 3:47 pm

Re: 02/16/2019 Weekend Update

Post by BullBear52x »

From It is what it is department : Buy until it fails, so far, if you are trend following using Hourly chart it is clear the HH and HL trend is still intact and nothing to worry.
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Last week I mentioned the sell volume, and this week the bulls counter bought and take care of that bearishness.
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This is a fearless market, but the old man once said "be fearful when everyone is fearless" once again the options side of thing is in a complacency state again.
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For the early bird move we are now back up over top of overbought area, the area where high probability of price to correct to mid band area (20DMA)
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We can move on as high as 2800 before a correction taking place, this is my wishful thinking for now. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 02/16/2019 Weekend Update

Post by BullBear52x »

Long term (weekly) is in sell the rips zone, the last buy the dip failed, so now it's bear's turn, in any case the short term day traders, we will get a pull back, the question is how deep? that will required crystal ball to answer correctly :P
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/16/2019 Weekend Update

Post by Al_Dente »

VERY LONG TERM, monthly chart
Bottom panel is the one to watch; latest data is 2 Jan
It may just be a temporary-shutdown blip, but long-term folks have it on their radar
217long term.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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