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fehro wrote:headlines.. looked all rosy for China this morning? XLY0- Shanghai $SSEC W/D .. <20w/50w/20d nears 50d and 2yr uptrend .. china going to break first?
Which assets are likely to be impacted the most once this Chinese bubble pops? Two suggestions according to BofA are cryptos and/or emerging markets...
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Kind of ironic observation coming from a SAC Capital guy
"Trading means admitting you aren’t the smartest person in the market. Someone always knows more than you, and chances are good they are acting on knowledge you don’t have."
Thanks Boss! The hard part is whether today is the beginning of the rally or will we have another pull-back next week. Would have been easier to have had the sell-off continue. But, the market never likes to make it easy!! LOL!
Both wave counters I read see a reasonable chance of testing the General Flynn low before moving into the year end rally. In fact Pretzel Logic says the move from the high can be counted as both an impulsive and a corrective at this point.
Trades with cats wrote:Both wave counters I read see a reasonable chance of testing the General Flynn low before moving into the year end rally. In fact Pretzel Logic says the move from the high can be counted as both an impulsive and a corrective at this point.
TWC, who's the other wave counter? I follow PL too. Thx!
Some sectors, TWO DAYS ONLY
“P-bars” on XLY are quite unusual
[add two notes: 1) yes, AAPL is now its own sector, and 2) there is something in the tax bill that benefits utilities, so sorry, i don't remember what exactly it is]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Trades with cats wrote:I follow coolbizone , coolbiz1 on twitter these days. He went short after the jobs report then got stopped out.
Actually follow him too. PL is amazing, but I find his if, buts and watch outs very confusing to make a decision on. He always comes back later and says he's right, but at the original forecast he gave a lot of warnings.....
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