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MrHanky

Bully trapped....Douches happy

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There is only one bounce I might try to catch....the 200 day on the spx

 

 

At 1007 and still rising,probably will get up to 1020 by the time we drop some more......

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I guess there is a slight possibility we just drop through support after support like we did last year.....Maybe another 20 long red candles on the daily chart. :o

 

Doubtful,but ANYTHING is possible.

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Doc, with this kind of cycle action that you showed in today's update, is there a chance for immediate reversal?

 

For the 4 week cycle yes, a chance. Bigger cycles would need to do a repair job first, I think. I'm hoping for that bounce. The bigger risk is that we might not get it, and therefore not get an obvious entry. This one was obvious as a short term pivot, but we've had so many, it was tough to believe on Wednesday that it might be something bigger.

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it was tough to believe on Wednesday that it might be something bigger.

the Big Blew Bedshat was the clue fer me

post-2457-1264209757.png

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This is a strange little bird

 

The Nuclear ETF

 

Almost too easy to trade this little channel monkey

 

But with the wheels coming off the market, all "EZ pay pattern bets" are off until further notice

 

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I was looking at that POS over the Christmas Holidays and thinking what a wonderful short that POS would be, that POS. Anyway, I got distracted and missed out on the medifast mudslide. :(

 

post-350-1264211988_thumb.jpg

 

I think all three of us were looking at it. There's a gap left open at $6. Just think if it's another Crox bottle rocket.

 

And Lee Whee had some kind words for MED in times past on this board. January 2007.

"This one's funny..

 

The CEO of IBD mo-mo darlin' Medifast (MED) was sacked this week after it was learned that he was pumping his diet company's stock via online chat boards, most particularly on Yahoo! Finance.

 

CEO Bradley MacDonald, using the screenname bradmed@verizon.net, used the chatboards to congratulate MED investors, bash Barron's as "the National Enquirer of the Financial Press" (even though Barron's is the "Bull Bible"), and attack a chop shop he had hired and fired after they issued an Underperform rating on MED.

 

I guess MacDonald wasn't satisfied with MED's 100-bagger performance from 2002-2003 and 10-bagger performance from 2005-2006. He wants mo, mo, mo. Most of his online adventures occurred since April 2006, a period during which MED dumped 62% from 21 to 8."

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