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aussiebear

World Stock Markets Trading Discussion - Crippled concessions

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Stopped out of the rest at 2731..

 

 

Good to see your real time trading, I have been so busy very fortunate that I only peek from time to time.

 

Do however have a solid short amount of a mix of TZA@9.50, SQQQ@16.00 and a little UVXY@17.00 all under water 

 

6-sigma and beyond period on the doorstep tread lightly.....

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Bought some Micron Tech MU @ 54.19. P/E 5.5 huge growth, excellent execution and guidance. Their recent conference call is on their website. They are the only company getting good yield on the newest products so far. They're stock has just been killed.

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they got to about a 50% fibo of yesterday's break. Not evenve 50% of last week's high.  38% of the decline from 6/13.

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2 day cycle due to top out here. But 5 hr cycle is running counter.  They're in synch to the downside tomorrow, from around 11 AM on. 

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Bought some Interactive Brokers IBKR @ $65.33. The stock is down from $80 and hasn't been this low since the Jan/Feb crash. I expect trading volume will be very good for their profits due to volatility in the markets. $24 Billion market cap with a P/E of 17. Many similar stocks have P/E's in the 40's right now.

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2 day cycle due to top out here. But 5 hr cycle is running counter.  They're in synch to the downside tomorrow, from around 11 AM on. 

 

Looking for 2738-2740..

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Very important short term inflection point right here. If they pop 2733, probably gonna go up for a bit.  3 day cycle projection 2750. 

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Need to take out 2728 for the down phase to take over. 

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Boingo! 

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Still a couple of cycles working against an immediate downturn. But after the holiday, look out!  

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An earlier start would suggest structural rather than cyclical weakness and would be even more bearish. 

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