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Wednesday,October 10th

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  • Wednesday,October 10th

    Markets are down 0.50 %,oil is down a bit,Gold is flat.

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    $nq_f May down to daily cloud bottom around 7328 level first then we will see if it can hold. If not, another 30pts drop at least. If hold, everything back up.

  • #2
    5ma on daily BEST indicator of all technical index

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    • #3
      mkt dropping big. ystd close candle and 5ma on daily chart already tells. not a bottom ystd so more drop coming. see if we get a bottom today, if not, any small bounce will only lead to even bigger drop into next week.

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      • #4
        NO reason to play any calls on this drop. don't buy on "dip". just let the mkt settle

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        • #5
          mkt still very bad. tech sell-off possibly into November. as i warned u all starting weeks ago, this could be worst ER season for tech names in 5 yrs. be prepared. $amzn $googl $fb $aapl $nflx $nvda $mu $baba $msft $intc $tsla

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          • #6
            We have to respect our levels. @DKellerCMT who is both a Technician & Pilot says he would rather be on the ground wishing he was in the air than in the air wishing he was on the ground. Same with markets. Better to be out wishing you were in than in wishing you were out.

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            • #7
              https://pbs.twimg.com/media/DpKPIzSWkAAcCnm.jpg $COMPQ approaching 200MA.

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              • #8
                $RUT will close below the 200, it held above the last sell off in Feb.

                Our friend Oscar is saying this is just a re-pricing due to higher yields and tops do not form like this.

                I think he is going to be very wrong.

                Does Oscar not know the bonds are now in an official bear market?

                This market is done.

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                • #9
                  https://wolfstreet.com/2018/10/09/wh...ice-inflation/ Why did QE money printing not cause consumer price inflation.

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                  • #10
                    Originally posted by froll61 View Post
                    https://wolfstreet.com/2018/10/09/wh...ice-inflation/ Why did QE money printing not cause consumer price inflation.
                    It did.

                    Compare food prices, rent, housing, auto and gas prices prior to QE.

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                    • #11
                      VIX is up a whopping 31% now.

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                      • #12
                        Sellers rushing out the door before the close.

                        Don't want to wait to see what tomorrow's open will be...

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                        • #13


                          Drop NOT over yet. Be prepared for worse in the next few weeks. Gonna see bounce in the middle but trend is down.

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                          • #14


                            SPX now has half a BILLION put premium SOLD (closed or writes), SPY has 60 MILLION sold. This is the big boys in my opinion, always ahead of retail (could be a couple of days of course). Mr M.

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                            • #15
                              https://pbs.twimg.com/media/DpK3mouVsAAI8Nl.jpg:large NYDEC,NYSE-2595,the same level as in Feb fall.

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                              • #16
                                https://pbs.twimg.com/media/DpLUp5PWwAYzKt9.jpg:large Today was down 3.88 sigma on 20 day rolling volatility. Worst day since Feb 27, 2007 (3.94). There have only been 6 occurrences of 3.5 sigma or worse moves since ES inception in 1997. Red event day and then 10 prev and 50 fwd plotted
                                Last edited by froll61; 10-10-2018, 09:49 PM.

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