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Monday,December 24th,Christmas Eve with NO Santa rally.

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  • Monday,December 24th,Christmas Eve with NO Santa rally.

    Futures are down 0.50%,gold is up 10$,oil is dowm 1.25% ES fell to 2391 pre market. Hourly chart now trying to form falling wedge. Critical here. If falling wedge formation successfully set, see strong bounce. If falling wedge failed, drop way more...

  • #2
    AMZN reached 1353 level pre market as I mentioned last night. If not supported here, see 1334. If supported, bounce 100 pts. If continues to break down 1334, drop another 100 pts possible from there.

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    • #3
      IF $amzn dives below 1334, gonna trigger HUGE fund sell-off and we will kiss 1284 1246 1195 super fast.

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      • #4
        $SPX monthly testing support of ascending channel

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        • #5
          Markets will be closed at 1pm today.

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          • #6
            Would you buy this?

            https://stockcharts.com/freecharts/gallery.html?SH

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            • #7
              Originally posted by Jim View Post
              Not a good idea now,QQQ positive for now,we can rally to a New Year.

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              • #8
                https://rambus1.com/2018/12/23/weekend-report-173/ Weekend report.

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                • #9
                  Originally posted by froll61 View Post

                  Not a good idea now,QQQ positive for now,we can rally to a New Year.
                  Yes, I agree.

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                  • #10
                    Fear & greed:

                    https://money.cnn.com/data/fear-and-greed/

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                    • #11
                      Financial stocks:

                      https://twitter.com/sentimentrader/s...21422747901958

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                      • #12
                        https://rambus1.com/2018/12/21/aapl-update-20/ AAPL Update

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                        • #13
                          1. Bob Loukas‏ @BobLoukas 2h2 hours ago
                          2. Merry Christmas - I bet equities printed their bottom for this Investor Cycle. Could be rally time to March.
                          3. Bob Loukas‏ @BobLoukas
                            16m16 minutes ago

                            Yikes, take that one back. Ugly closing. Can you imagine what the Trump family dinner is going to be like tomorrow?

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                          • #14

                            Bob Loukas‏ @BobLoukas
                            FollowingFollowing @BobLoukas

                            More
                            Yikes, take that one back. Ugly closing. Can you imagine what the Trump family dinner is going to be like tomorrow?

                            Comment


                            • #15
                              Feels like a free fall after Christmas.Byuing a few QQQ 28dec PUTS and CALLS,just a very small LOTTO.

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                              • #16
                                Originally posted by Jim View Post
                                1. Bob Loukas‏ @BobLoukas 2h2 hours ago
                                2. Merry Christmas - I bet equities printed their bottom for this Investor Cycle. Could be rally time to March.
                                3. Bob Loukas‏ @BobLoukas
                                  16m16 minutes ago

                                  Yikes, take that one back. Ugly closing. Can you imagine what the Trump family dinner is going to be like tomorrow?
                                yep, ugly close. right on the lows. 6 minutes before the close we are just a fraction of an SPX point above a critical level IMO. If we break below about 2359.65, then the EW count I've been looking at suggests more downside, maybe A LOT more downside. If we stay above that level, you can make an argument for a bounce, but not a big one. I think the longer term--the next 2 to 4 years--will take SPX back to 1500 to 1700.
                                A human being is part of a whole, called by us the ‘Universe’ —a part limited in time and space. He experiences himself, his thoughts, and feelings, as something separated from the rest—a kind of optical delusion of his consciousness. This delusion is a kind of prison for us... Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”--Albert Einstein

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                                • #17
                                  Originally posted by pimaCanyon View Post

                                  yep, ugly close. right on the lows. 6 minutes before the close we are just a fraction of an SPX point above a critical level IMO. If we break below about 2359.65, then the EW count I've been looking at suggests more downside, maybe A LOT more downside. If we stay above that level, you can make an argument for a bounce, but not a big one. I think the longer term--the next 2 to 4 years--will take SPX back to 1500 to 1700.
                                  well, that level did not hold at all.

                                  Looks like we're in a nested 3rd wave that will need a 4th (up) and a 5th (down) three times. And that's AFTER this 3rd of the 3rd of the 3rd completes. If I make the assumption that the larger degree 3rd wave completes at 1.38 times the length of the first wave, and we get typical retracements for the 4th waves, and the final 5th wave is typical at either .78 times the first or equal to the first, then we have a potential bottom for this big move down that began at the October high of somewhere around 2000 to 2075 SPX. Timewise, this low won't get hit for another 1 to 3 months. If I'm right about the wave structure, the retracements that we do get between now and that final low (of around 2000 spx) will not be that large and probably won't carry spx above today's prices. AFTER that low of 2000 to 2075, we should get a furious retracement rally that could retrace 50 to 60 percent of the entire drop, so a rally of 500 to 600 spx points. But that's down the road. Let's see whether this wave structure plays out the way I think it will. I hope I'm wrong though!
                                  Last edited by pimaCanyon; 12-24-2018, 01:22 PM.
                                  A human being is part of a whole, called by us the ‘Universe’ —a part limited in time and space. He experiences himself, his thoughts, and feelings, as something separated from the rest—a kind of optical delusion of his consciousness. This delusion is a kind of prison for us... Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”--Albert Einstein

                                  Comment


                                  • #18
                                    Click image for larger version

Name:	
Views:	1
Size:	44.8 KB
ID:	388575 finally, here's a little Christmas cheer... :-\
                                    A human being is part of a whole, called by us the ‘Universe’ —a part limited in time and space. He experiences himself, his thoughts, and feelings, as something separated from the rest—a kind of optical delusion of his consciousness. This delusion is a kind of prison for us... Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”--Albert Einstein

                                    Comment


                                    • #19
                                      Stocks:

                                      https://www.armstrongeconomics.com/m...-the-future-4/

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                                      • #20
                                        NASDAQ:

                                        https://kimblechartingsolutions.com/...rend-starting/

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                                        • #21
                                          https://deep-throat-ipo.blogspot.com...christmas.html

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                                          • #22
                                            http://householdsavingtips.com/stock...84331448&4=870 A good read about a stock market.

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                                            • #23
                                              $SPX MACRO: LARGEST. RED. CANDLE. IN. HISTORY!!! (Again) Flushed hard to 50MA, shape of Lower BB concerning, starting to curl down, if 50MA does not hold... could be gut wrenching what follows. All metrics vastly oversold & basically at zero almost #SP500 #SPX $ES #economy

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                                              • #24
                                                #Dow Weekly: $DOW now in green target zone & 200MA is @ $21,353 (overshooting the 16.8% 2007 comparison drop)... 200MA are usually a sharp bounce zone, but can overshoot intraweek possible (i.e. Jan-Fed 2016). Getting close... #PowellPlunge #Dowjones #economy #bearmarket $DJT

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                                                • #25
                                                  NYMO::

                                                  https://stockcharts.com/freecharts/gallery.html?%24NYMO

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                                                  • #26
                                                    NAMO:

                                                    https://stockcharts.com/freecharts/gallery.html?%24NAMO

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                                                    • #27
                                                      Bitcoin:

                                                      https://stockcharts.com/freecharts/g....html?%24NYXBT

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                                                      • #28
                                                        A current Bitcoin price:

                                                        https://www.worldcoinindex.com/coin/bitcoin

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                                                        • #29
                                                          LMT978‏ @LMT978 8h8 hours ago

                                                          LMT978 Retweeted NegativePL

                                                          It still doesn’t seem like we’ve had the flush yet. High volume big drop panic selloff and reversal. Not that it’s guaranteed but we haven’t seen one yet. Just a grinding downtrend.

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