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Registered User
Joined: 3/16/2006
Posts: 2,214
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Registered User
Joined: 3/16/2006
Posts: 2,214
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as of Thursday, October 30th 2008! sorry
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Registered User
Joined: 3/16/2006
Posts: 2,214
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what I've noticed today is that from now on, upside is limited because of th 200/233 ema hourly (see 60 min dj30) and the VIX 60 came thru late, I saw a bounce @ that 56 level (see orange line above left) @ 3:30pm, a greenspike was noted and the dj30 dropped hard from up 250 to only up 36!!! this market is getting ready for a nice pull next week, specially if Mr. Obama wins! thanks for your time, Signaltap
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Registered User
Joined: 9/25/2007
Posts: 1,506
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To be honest sig ....
I think just about everybody has factored in Obama winning ...
Even those of us who never thought that we'd live to see a card-carrying socialist as POTUS of the good ol' US of A ...
I guess I shouldn't be surprised ...
Even I see a lot of parallels to a time of about 80 years ago ...
And back then ... a lowly corporal rose to a position of power by spreading a message of hate and class warfare ....
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Registered User
Joined: 3/30/2008
Posts: 77
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QUOTE (signaltap) what I've noticed today is that from now on, upside is limited because of th 200/233 ema hourly (see 60 min dj30) and the VIX 60 came thru late, I saw a bounce @ that 56 level (see orange line above left) @ 3:30pm, a greenspike was noted and the dj30 dropped hard from up 250 to only up 36!!! this market is getting ready for a nice pull next week, specially if Mr. Obama wins! thanks for your time, Signaltap
I have some questions about your wording. What do you mean about "a nice pull"?
Now as you might of guessed form my other posts I'm a beginner so any comments will be welcomw. I have been day paper trading DDM/DXD with what I've taken from your system. I've made at leat 10% a day and have never made a buy that went lower before I felt that I could of made the proper stop (or sell). But I am paper trading so I can't be certian that my buy/sells will go through as hoped.
Anyway you have helped me a great deal. I'm sure that I'll have an awaking when I try to go live with my system. I'm sure that much of my success has been from the volatility.
Looks to me like the VIX is trying to trends down which is Bullish. But it consoldating too so (to me) it's up in the air.
I saw a buy signal too a 15:30. Here's my charts.
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Registered User
Joined: 2/5/2006
Posts: 1,148
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QUOTE (realitycheck) To be honest sig ....
I think just about everybody has factored in Obama winning ...
Even those of us who never thought that we'd live to see a card-carrying socialist as POTUS of the good ol' US of A ...
I guess I shouldn't be surprised ...
Even I see a lot of parallels to a time of about 80 years ago ...
And back then ... a lowly corporal rose to a position of power by spreading a message of hate and class warfare ....
there's probably still a lot of money that will wait until after the election before committing, regardless. question might be what happens in the congressional election. don't think the market will like a filibuster-proof senate. as far as cardcarrying socialists go, what were bill and hillary? hopefully, obama gets a republican congress in 2011.
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Registered User
Joined: 10/7/2004
Posts: 319
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The market has already told us the 30 year Reagan bull market has ended. (refer to the S&P 500 double top of 2000 and 2007).
Now the question remains, how long will Obama's socialism last? The market could be entering a protracted period of stagflation......or worse. If so, how are you guys positioning your finances for that probability? I prefer hiding but that ain't gonna cut it. lol
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Registered User
Joined: 2/17/2008
Posts: 132
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i too am confused about what sig means when he says the market is getting ready for a nice pull! does he mean pullback down, or continuing a rebound up?
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Registered User
Joined: 9/25/2007
Posts: 1,506
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QUOTE (survivor) Now the question remains, how long will Obama's socialism last? The market could be entering a protracted period of stagflation......or worse.
Well ...
The short answer is .... forever ....
History has shown us that virtually every civilization in recorded history has followed approximately the same path from rise to fall ... and this one will be no different ... things just don't move backward ...
As the government exerts more and more control over business ... then they will either be driven away ... or fold ...
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Registered User
Joined: 3/16/2006
Posts: 2,214
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please look @ the chart above, from Oct 30th close, on the 60 min chart, the 233 ema (brown line) was 9,667 and last Tues 11/4 the hi that day was 9,653 , so close of a top missed by 14 points! sharp Sig
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