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World Stock Markets Trading Discussion - Fussy fiddling


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#16 MisFit Kid

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Posted 27 October 2017 - 02:51 PM

Looks like Today is all about the MEGA CAP - FANG TECH

But definitely not conscious.......or with Good Karma......

 

Today.JPG

qqqs.JPG

 

 

 

>: How many more ETF's can they devise........ :o


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#17 potatohead

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Posted 27 October 2017 - 02:57 PM

You guys are such downers!

 

:lol:

Coming from the guy who may have just coined the term "Super Crash"

:lol: :lol: :lol: :lol:


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#18 DrStool

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Posted 27 October 2017 - 03:13 PM

Here comes the down elevator. 


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#19 DrStool

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Posted 27 October 2017 - 03:13 PM

Or...

 

Maybe not. :lol: 


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#20 DrStool

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Posted 27 October 2017 - 03:14 PM

Coming from the guy who may have just coined the term "Super Crash"

:lol: :lol: :lol: :lol:

 

Nah, that was my editors. It was part of their huge marketing program for the guy who was in that seat  before me. 


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#21 Morpheus

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Posted 28 October 2017 - 12:47 PM

Looking at the Dow components I see most in two categories:

 

1) Since 2009 low have formed steady parabolic uptrends :MMM, HD,MSFT,UNH,V,JNJ, JPM   [GS, IBM,NKE along with the    biotechs also but they broke down in 2015] 

2) Late Rally Gang with sloppy uptrends since 2009 but in early 2016 took off (many in smaller parabolas now):AXP, APPL,CAT,CSCO,DWDP,MCD,PG, WMT,CHV

 

Here are 3 charts: MSFT and UNH from group 1  along with the BTK biotech parabola that busted in 2015, now wedging up to a second TOP.  My point is these parabolic trends always end as they approach a vertical trajectory with a  distinct blow off which is what I believe we are experiencing now.

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  • MSFT10.28.17.jpg
  • UNH10.28.17.jpg
  • BTK10.28.17.jpg
  • V10.28.2017.jpg

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#22 Morpheus

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Posted 28 October 2017 - 01:08 PM

CAT is in Category 2

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  • CAT10.27.2017.jpg
  • MMM10.27.2017.jpg
  • WMT10.28.2017.jpg
  • BA10.28.2017.jpg

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#23 Morpheus

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Posted 28 October 2017 - 01:20 PM

There is a 5-wave bearish wedge in SP since 2009 low that is completing.   A final blow off vertically out of the wedge is not uncommon, we could see something pretty spectacular here by years end, likely a success in tax reform would be attributed as the cause.  If this plays out EW says a return to the wedge origin occurs rapidly meaning a "Super crash"  starting in 2018 

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  • SPX10.28.17Wedge.jpg

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#24 DrStool

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Posted 29 October 2017 - 09:32 AM

Nice work!

 

Those are linear charts. In percentage terms the uptrend is slowing, no? 


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#25 Morpheus

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Posted 29 October 2017 - 10:46 AM

I don't really see the trend slowing on either weekly log charts of SP and Dow, most IT oscillators I use are overbought but not weakening or diverging.  Dow is at top of its uptrend channel however and SP in the middle.  Since the early '16 low you probably know a lot of the measures of market internals have been lousy and getting much worse along with record low volatility and record highs in sentiment indicators.  To me this feels a lot like '99 again, we have had another lengthy expansion like under Clinton, it just didn't feel quite the same since we had to climb out of such a big hole but Trumptimism's irrational exhuberance is now on full display!   

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  • DJIlog10.28.17.jpg
  • SPXlog10.28.2017.jpg

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#26 aussiebear

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Posted 29 October 2017 - 09:45 PM

---> Merry Monday

 

http://www.capitalst...showtopic=13100


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