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"What's Beyond The Sky?"


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Was sniff just blowing in the wind this weekend?

 

HUI... bearish butterfly

Fib Date Turn...

NYSE specialists tilt to bullish short term

Watching volume for Institutional participation.

 

Besides Yosh said so...

 

It is way to early to gloat..... But it is options week.... Now if they really wanted to be mean.... They would levitate the markets this week and drop them next week.......... Poor Santa

 

Hedge Longs .... SMH & GILD

 

*** netshort***

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not even close to dover sole if one looks at cumulative ticks. Haveing said that, of course it is scam week, and the ever inportant perception of year end.the These rallys are opportunities

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I hope this rally continues, go, go...

 

10:40AM ?Lowry's Dickson does not yet see a sustained rally by Tomi Kilgore

?Richard Dickson, technical anal cyst at Lowry Research, does not yet believe the stock market is ready for a sustained rally. He thinks the market will have to consolidate or decline for another 1 or 2 weeks to create the Dover Sole conditions that usually accompany an intermediate-term bottom. "A rally beginning before these Dover Sole levels are reached should serve only to delay the bottoming process and could possibly create the potential for a more significant decline around mid-January," Dickson said in a note to clients.

 

When Santa comes next week he's gonna look like Winthorp from "Trading Places", smelly, drunk, with a fish stuck inside his coat.

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NYSE....

 

Hate to say, but errrr..that's still bullish.

 

TICK is nicely above +300 and falling TRIN. That's bullish. Until the trends reverse....we go up.

 

NAZcrapper (not shown) is also improving in strength from earlier this AM.

 

If you are trading intraday, and you dont watch these, you're gonna get spanked!

post-3-1040053979_thumb.jpg

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Reminder to myself and others

 

As I posted over the weekend on my LOB thread

 

1. Take profits

2. See #1

 

Im still in cash, having taken profits on Friday night's close

 

3. Keep an open mind, even if bearish...

 

I now have to re-examine my E wave count here... the Option 2 I briefly mentioned over the weekend might be playing out...

 

Which is:

 

Wave 1 bottomed last Friday night on Q's, NDX.

 

1155 to 1006 on NDX, wave 1 done...

Wave 2 is 4.94% or 6.5% up from 1006

 

Or... 1055 NDX or 1071 NDX

 

Again, this is option 2... not my preferred bet... but have to keep open mind to it.

 

That said, I think downside has to unfold this week and lower than Friday's close... I may game the tape at the close if high enough

 

Cash is king today

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