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Allie

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Re: the spx at 904.

 

If you just draw a line on the 15 min. chart connecting the high of the 11th and 12th of Dec. you'll see why 904 is important. :grin:

They already broke through the trendline created by the points you mention. At this point, they are riding that broken trendline downwards. The are sliding down the slope of the trendline.

The trend line is at 904 and declining. If they can't hold above the trendline then it could be a whopsaw!

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ok, 3rd attempt to get something going in the naz.......little triple top....... we shall see.

 

timeframe 5 min...........

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I think we are establishing a new SPX trading range of 890 to 915. Until one or the other breaks, I think its gonna be safe to say.....go to sleep...if you dont plan to trade the range. That's my call.

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Forgive me my father I've sinned.

 

I had sweared I would buy MXIM calls in OE week, I broke the covenant of OE.

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Was just out for my power walk. That wasa the 5 hour cycle low just before 2 PM. Unless the 907 retest is fast and they break off hard, the 925 scenario is still in play. I really don't want to see them stay up here too much longer.

 

Which is, of course....

 

irrelevant.

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BACK ON THE BEAR SIDE!!! ahhhhh, the atmosphere is much fresher here....bull manure is in the air.

 

These spikes and retreats remind me of that carnival game where the gopher pops out of a hole and you swat it down with a hammer.

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TE,

 

Zoran makes pretty pictures. His last short call was disastrous. Cmaps avoided that mistake.

 

Historical events have very little/no impact on the markets.....Hurst. (pg 148).

 

SPX daily. Reversal candle. I want a right, frozen shoulder for Christmas.

 

engine.asp?skin=marketscreen&split=1&pri=&time=&cname=&lcprice=&symbol=spx&indicator=1,13,,;32,5,3,3;33,,,;34,,,&dur=3m&freq=6&intr=&type=4&width=480&height=360

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