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World Stock Markets Trading Discussion - Memorable massacre

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Panic selling on open but expecting some stabilization later in the day:   Kiwis -2.1%, Aussies -2.6%, Japan -2.6%, Sth Korea -1.6%.

In Aussie sectors, Gold is doing ok, +1.3% but the other sectors are down more than one percent with IT the worst off, -5.4%.

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords was definitely in bear mode today with a close of -2.4%.  All sectors were down led by IT -3.9% and REITS/Healthcare -3.7%.  Probably looking a small rebound tomorrow.

Asia off the lows: China -1.6%, Hong Kong -0.7%, Japan -0.7%, India +0.8%.

UK/Europe doing the bounce: FTSE +0.1%, DAX +0.6%, CAC +0.9%.

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

  

  

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

  http://bigcharts.mar...com/default.asp

   
     

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The Rubicon is 2880 at 10 AM. 2878 at 11 AM.  Then there's a second defensive line at 2887, that hour. Bulls have their work cut out. 

 

 

Know what's coming!  Subscribe to Lee Adler's Liquidity Trader today. Choose the subscription plan that's right for you.  90 days risk free, money  back guarantee to first time subscribers. 

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8 minute ES. Almost perfect 6/8 drop to overnight lows since 8/1 high. The 1 x 1 Gann fan line at about 2872-ish would be a great place to turn down and try to head toward 2812 or even the scene of the crime overnight at 2775, but let's see what happens at 2851.If it clears the 1 x 1 line up, if my math is correct, 2895-ish near the red 2/8 line would be a 50% retracement up off the lows.. 1995341474_ScreenShot2019-08-06at8_19_34AM.thumb.png.45c1ab72ad2f37d4e8b46643811a669f.png  

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Another look--60 minute ES from Elliott Wave perspective. The blue hash mark line is about 2900. Most everything looks primed for 5th wave down soon, but that red PTI number at 31 gives me some pause. Frequently if it is less than 35 the result is a failed 5th wave or a double bottom. 

616507423_ScreenShot2019-08-06at8_41_48AM.thumb.png.7f21b9ce715a52aaa25c0ce976f0b357.png

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AMERICAN AIRLINES.......WHERE IS THE MISSING MARKET CAP?????????????????

So South West has $22 Billion in sales and a market cap of $26 Billion.

But AA has $44 billion is sales ...DOUBLE South Wests ......but only $13 Billion in market Cap.....HALF South Wests???

Thats right.......DOUBLE the SALES equals HALF the market cap.

If AA were run like SW it should have FOUR TIMES the market cap.....$52 Billion.

AA is MISSING $39 Billion in market capitalisation !!!!!!!!!!!!!!!!

Where is it hiding??????

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ARE INDEX ETF's THE ENGINE'S OF PONZI VALUE CREATION

Sadly Yes....because they are momentum funds.

They are used as engines to push stock values above their actual reality prices.

And so create large PONZI values in stocks. 

They take no account of VALUE only PRICE.

And so push value and price apart.

This will result in a reckoning for index ETF's one day.

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13 day cycle buy signal. But below the 2 day cycle signal lines. 

 

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Daily cycle indicators all set up for a breakout through this double top. Breakout would have clearance to 2900. Failure would be nasty.   

 

 

Know what's coming!  Subscribe to Lee Adler's Liquidity Trader today. Choose the subscription plan that's right for you.  90 days risk free, money  back guarantee to first time subscribers. 

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