Jump to content


This topic is now archived and is closed to further replies.

Recommended Posts

Russell 2000 with a decisive break of neckline support 1080-1100 area.  A pull-back to it would provide a final shorting opportunity if you are not already in and there is a very strong chance that will happen here soon.  I am already holding SBB (short small crap) position, initial above and then added as we broke the neckline.  I will add  more on a pull-back (neckline back test). 


Share this post

Link to post
Share on other sites

Dow;  Elliott Wave ending diagonal completion confirmed with the drop out of the lower trendline. The SP has similar structure that I have posted previously.  I plan to more aggressively enter short positions if a backtest to 16580-16680 area testing the 200 DMA/Lower TL/ 23.6 FIB supportive convergence that should now be resistive transpires.  Stop will be at 17050.  Ending diagonals are quickly retraced to their origins here  @14,715.  I continue to hold SBB short small caps, DNO short crude, and long dollar USDU.


In smaller time frame Thurs / Fri formed an A-B-C with B wave triangle short squeeze,  this may be all she wrote and we make another quick wave down before a larger degree back test I am hoping for to allow low risk set up. 


Share this post

Link to post
Share on other sites

Crude can't seem to hold price above this second wave down trendline meeting a lot of selling here.  Not really any sign of a capitulation or bottoming pattern either.  Without some big buying early next week sure  looks like sub-80 is a good possibility.  Usually there is a third and final wave with an almost vertical drop once a big move down like this occurs (waterfall decline)


Share this post

Link to post
Share on other sites

Biowrecks exhibiting the most extreme Sornette bubble characteristics of any sector.  Notice the recent large double double top high is at the rarely witnessed 423.6 Fibonacci extension of the 2000 bubble!  I did some short term short trades as the first top blew off with an exhaustion gap that offers some low risk trades with reliable behavior.  With this second top and now a break down and snap back late last week,  I expect this to end shortly and provide a low risk set-up for shorting  placing the stop loss just above the highs. 
Unfortunately the only inverse biotech etf  is the double leveraged BIS.  There are a lot of individual stocks that can be used.  I will just post one of my favorites ILMN.




Share this post

Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
The Anals of Stock Proctology now!

The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.

The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

Old Stool Depository

The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us

Market Quotes are powered by Investing.com.