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Index Trading, xjo, dow, dax, ftse
joules mm1
post Posted: Dec 4 2019, 10:30 AM
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In Reply To: joules mm1's post @ Dec 4 2019, 10:17 AM

when price pops, like today 11.19am, you want to see if the length of the pop is the same as the previous swing
a 1:1 ratio is a continuation signal, a fake lift, very easy to pull on late arrival STO's weak shorts




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Dec 4 2019, 10:17 AM
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In Reply To: early birds's post @ Dec 4 2019, 10:10 AM

i'm holding and adding to sells
min target is 6545
suggest much lower than that, xjo has a very big channel to retrace within the larger bull cycle




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

Said 'Thanks' for this post: early birds  nipper  
 
early birds
post Posted: Dec 4 2019, 10:10 AM
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In Reply To: joules mm1's post @ Dec 4 2019, 09:34 AM

set stops and trade it-----long or short. the swing will be big today's session.

one win one loss so far---------------work hard for nothing. angry.gif

any level in mind----long or short???





 
joules mm1
post Posted: Dec 4 2019, 09:47 AM
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not even a taxidermist can lend a hand today
swift impulsive sells like this, daily basis, need to be respected when in position





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Dec 4 2019, 09:34 AM
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In Reply To: early birds's post @ Dec 4 2019, 08:34 AM

trend is your friend
if that's true, where's the most risk, with the impulsive sell or with the bounce?
look to see how hard and how long it takes for the pause in major direction to resolve, that should give a clear indication of the coming/continuing directional strength
which is down
and here's the double wedge throw over, very rare in any market but big signal when it arrives
see if it makes sense, the structure is there, repeatable pattern

Attached Image






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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
early birds
post Posted: Dec 4 2019, 08:34 AM
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expecting a rebound at current level today for asx200, really strong support at 6625---6675 zone.
my target is 6715ish iwithin two session. imho

not for fainted heart though. and remember set stops if one wants to trade this rebound!!



 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


joules mm1
post Posted: Nov 23 2019, 02:35 PM
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$spx " Stock Market Commentary 11/22/2019

By Lawrence G. McMillan The broad market, as measured by the S&P 500 Index ($SPX) has continued to rise, making new all-time intraday or closing highs on six consecutive recent trading days, culminating (so far) with November 19th. This move has not been reflected in some of the technical indicators, however, and so there are some divergences, sell signals, and extremely overbought conditions arising.
For now, though, the $SPX chart is positive. There are higher highs and higher lows, accompanied by strongly advancing trend lines. There is minor support in the 3065-3070 area, with strong support at 3025-3030 (the area of the previous highs).

Equity-only ratios continue to decline, as call buying has remained heavy and steady.


These ratios are at their lowest levels in over a year and are thus very overbought but still bullish.

Market breadth has been our most negative indicator. Both breadth oscillators rolled over to sell signals recently.

So, the above paragraphs have laid out some pretty negative data, from extremely overbought put-call ratios to sell


signals in mBB and breadth. But the one area that is not turning negative is volatility.


$VIX remains at low levels and hasn't even peeked its head up on recent down days. As long as that is the case, it's bullish for stocks.

In summary, short-term bearish positions are in order, but the intermediate-term remains positive as


long as the $SPX and $VIX charts continue to remain in the bullish camp.

charts:


https://www.optionstrategist.com/weekly-cha..._eid=c5d2a13444



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 22 2019, 12:43 PM
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In Reply To: joules mm1's post @ Nov 22 2019, 11:55 AM

2 of 2
$xjo price needs to close below 6651 to confirm the resistance has held ......not looking likely at this time




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 22 2019, 11:55 AM
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$xjo needs to break thru this 2 x ratio resistance to cull the sell side view
thus far today has been a very clean bid so my sell-up is looking a tad suspectstill worth the effort to hold

STO's while running small longs against the bigger view
#jackbeveryfriggingnimble
Attached Image





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 21 2019, 11:27 AM
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In Reply To: early birds's post @ Nov 21 2019, 11:23 AM

am holding STO's on $xjo and $dax but very small size, awaiting a bounce to give a larger signal, if the bounces struggle we can look for a larger sell
all the high beta US indexes + the DJTA are major laggards v. the $SPX .....no need to rush but i'd be uber cautious on longs
keep in mind "news fits the trend"
keep an eye on the $BEAR etf, liquidity flowing into the $SPXU (US) and $BEAR funds are a good sign of sellside expansion

liquidity has to be put to work, the question is where?



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

Said 'Thanks' for this post: early birds  
 
 


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