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aussiebear

World Stock Markets Trading Discussion - Patchy prognoses

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Sell in April if you think the ape will.  

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Sell in June before the swoon. 

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Sell by July but you missed the high. 

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Sell in August when the pig goes bust

 

Sell in September if you remember.....not to be the last pig holding the bag of debt laden worthless paper....

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Your losing it Doc.
Quite a ramp job. VIX ain't dropping. 

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Covered half at 2731 for +8.

Moving stop for the rest at today’s high. 2742.

Trade safe.

 

Stopped out at 2742 for -3.

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Megaphone patterns bring out the crazy in traders, Doc succumbed but he will recover once this finally breaks out.  It didn't go below the midline on the last wave 5 down and now looks ready to break out to the upside.  If it still does soon reverse to downside again, the midline is a good place to short and keep a stop just above.   I think expanding triangles have an 70% probability of reversal rather than continuation of trend. But what I see here favors the 30% outcome.  I am going mobile early tomorrow for the weekend. Keep paying attention to the pros, Madness and Doc, I am just an amateur side show!

post-1925-0-84473300-1520544935.jpg

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At this juncture i'll honor them stops if you are short.

For the bears, a few warnings jump out at me.

 

SOX broke out to new highs and close to all time highs on this move.

QQQ been above the 50 dma and stayed there after the initial bounce.

RUT crossed the 50 a few days back and continue to stay above.

I can see S&P joining the party after tomorrow's jobs report.

 

I'm flat.  Had a great week on Tuesday Night's drop.

Good luck and trade safe everyone.

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