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Bully trapped....Douches happy

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:mellow: I've been buying a little.

VZ (for the div & bec a major player of two);

FRX (no div. but cld be a nice grower).


I was buying (and selling) HSY & CMCSK regularly, but took last profits on news and no desire to

buy back. The last has the stink of NBC in it. And the former, not the best major player in new choc world.


Lots of cash for deleverage central while playing daily.


I still think that deleverage is central issue.

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What the bears want is for the current impulse to end as wave 1 of a higher degree, a corrective bounce as wave 2, then a collapse into wave 3.

I donut understand them wurds


ya mean she goin' down?

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Gold down 11, SPX up over 5 in the night session.


Are they going to be moving inversely again?

:huh: Feb Real Money: 1098.80 +9.10


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Same basic end result, but I re-labeled your chart w/ the way I'm viewing this. My relabeling shows the more common extended 3rd wave, which we already had. Larger fourth and fifth wave still to come. In this scenario, the 1125 zone should not be violated on the upside during the coming 4th wave. Lower degree 4th (labeled 10-12 on your chart) should offer substantial resistance.



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