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World Stock Markets Trading Discussion - Listless leaching


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you and Madness are killing it

 

keep up the good work and

 

have a good weekend......

 

Thanks MisFit....been a good run +200 on NQ to go with +100 on SPY during the bat sh*t crazy swings....Having mentioned this almost got steamrolled a few times with the monkey hammer 350 point NQ swing the past few days.....

 

Longer term holding [email protected] and a little [email protected] these are attempts to hedge longs I am locked out from selling but become available every 3 months which I promptly dump with an equal weight of the hedge.....If I could outright short the longs I would but not kool according to policy.....

 

This is far from a healthy correction dare I mention a beeeeeeeeeeear market.......

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It's very unusual the indexes are down well over a percent and they feel like they are up.  Just me I suppose.

 

The reason is, I look at charts, daily, with moving average lines and all the action for 2 weeks and most of the action since the Jan. 30 plunge has been below those lines, and now they are turning up. 

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Biotechs have been consolidating below their 200DMA already and it looks like we are finally going to leave behind that support band and the 3 year B-wave channel up.  Still leading the Dow,NDX.SP today in loss. Watching closely for them to help guide the bear downward!  Been playing BIS today as usual.

post-10689-0-49402600-1523038820_thumb.jpg

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Biotechs have been consolidating below their 200DMA already and it looks like we are finally going to leave behind that support band and the 3 year B-wave channel up.  Still leading the Dow today in loss. Watching closely for them to help guide the bear downward!  Been playing BIS today as usual.

 

Great patience solid 10% gain on this pig since you recommended....Me thinks there are very few of us bears remaining after such insane short term "market" moves...so many lost along the way....no one but pig faced bulls left.....

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