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10/25/2017 Live Update

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Al_Dente
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Re: 10/25/2017 Live Update

Post by Al_Dente »

“stocks pare losses”
But hey, it ain’t over ‘till its over
Bears still have a 3x and 2x bias… but dropping fast as the shorts cover
1025b.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 10/25/2017 Live Update

Post by Trades with cats »

This is the deepest pullback since we bottomed. Could be the longs are now covering. Based on the past I would guess we bounce along in a range here at the bottom of the 20 day Average Daily Range low, but it is a pure guess.
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Al_Dente
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Re: 10/25/2017 Live Update

Post by Al_Dente »

early HAPPY HOUR
“They don’t ring a bell at the top”
https://www.youtube.com/watch?v=xEMjTtaTzB8
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Shaishen
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Re: 10/25/2017 Live Update

Post by Shaishen »

Al_Dente wrote:“stocks pare losses”
But hey, it ain’t over ‘till its over
Bears still have a 3x and 2x bias… but dropping fast as the shorts cover
Local evening news need the DOW at less than 100 points loss - (in perspective that is 1/2% - solidly above 23K)

1 hour to get there..

.
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Cobra
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Re: 10/25/2017 Live Update

Post by Cobra »

pullback will be bought
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Trades with cats
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Re: 10/25/2017 Live Update

Post by Trades with cats »

ES 12-17 (1000 Tick)  10_25_2017d.jpg
Sorry, less mouth more charts.My feeble attempt at Cobra's measured move boxes. Do note the +DI in blue snake dancing with the -DI in red down in the ADX box at the bottom. It seems that which ever drops below 15 is the looser but at this time the ADX line is dropping down into the 'we have no momentum meaningless noise trading range area'. Maybe we get a Ramp Express when the ETFs (whoops can't type) start their end of the day balancing, assuming the retail crowd put in massive buy orders. :lol:
te_fern
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Re: 10/25/2017 Live Update

Post by te_fern »

Can it break above the line and start climbing higher??
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Al_Dente
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Re: 10/25/2017 Live Update

Post by Al_Dente »

I think the market is reacting to every “leak” about the Tax Plan negotiations
They’re still struggling with eliminating the deduction for state and local taxes (the SALT deduction), as it only screws the high-tax states.
Their goal is some kind of “revenue neutral” bullshit
Somebody will get screwed
Gee I wonder who……….
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 10/25/2017 Live Update

Post by Al_Dente »

The channel on SMALLS has morphed into a kind of megaphone (tilted down), where both trendlines slope downward.
“Downward breakouts are quite rare”
“The breakout direction is upward 79% of the time.”
“…partial rises and declines predict the breakout direction...”
http://thepatternsite.com/dbw.html
1025megaphone.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 10/25/2017 Live Update

Post by te_fern »

Al_Dente wrote:I think the market is reacting to every “leak” about the Tax Plan negotiations
They’re still struggling with eliminating the deduction for state and local taxes (the SALT deduction), as it only screws the high-tax states.
Their goal is some kind of “revenue neutral” bullshit
Somebody will get screwed
Gee I wonder who……….
The possible reduction in the amount to contribute to 401Ks is also worrying the market....
This is not investment or trade advice.
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Al_Dente
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Re: 10/25/2017 Live Update

Post by Al_Dente »

te_fern wrote:
Al_Dente wrote:I think the market is reacting to every “leak” about the Tax Plan negotiations
They’re still struggling with eliminating the deduction for state and local taxes (the SALT deduction), as it only screws the high-tax states.
Their goal is some kind of “revenue neutral” bullshit
Somebody will get screwed
Gee I wonder who……….
The possible reduction in the amount to contribute to 401Ks is also worrying the market....
:D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 10/25/2017 Live Update

Post by te_fern »

It has broken up, lets see how far the market can go in 30 minutes...
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Trades with cats
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Re: 10/25/2017 Live Update

Post by Trades with cats »

Oh No the 3:30 Ramp Express needs a new engine, they can't get it started! At least the traditional mid day melt up was working wonderfully today. And Cobra won't have to say same old same old tonight!

Wonder how the former Target Logistics guy who bets big against the VIX is doing today? :twisted:
te_fern
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Re: 10/25/2017 Live Update

Post by te_fern »

Didn't last long today....
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Cobra
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Re: 10/25/2017 Live Update

Post by Cobra »


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Cobra
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Re: 10/25/2017 Live Update

Post by Cobra »


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Cobra
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Re: 10/25/2017 Live Update

Post by Cobra »

well, guess that's it for today. Thursday tomorrow has been bear friendly but up 3 of the last 4. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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Trades with cats
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Re: 10/25/2017 Live Update

Post by Trades with cats »

New to me slang term from Zerohedge article on Chinese volatility
"The developments have left China’s armies of retail investors - nicknamed “jiu cai,” after the leaves of Chinese chives that quickly regenerate - increasingly disillusioned."
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