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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
And that was, indeed it, right there, and it did have the serious trouble I expected. Very, very cool how technical it is trading.
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jimkane
Rep: 3,058
Posts: 33,089
This sell here is awesome.
JI
jimkane
Rep: 3,058
Posts: 33,089
Die, pig, die!
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jimkane
Rep: 3,058
Posts: 33,089
Hmmm, first confirmed case of Ebola just diagnosed in the U.S. Market should be up +300 tomorrow on such good news...
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jimkane
Rep: 3,058
Posts: 33,089
As an aside, although there is nothing 'fundamental' that would indicate this (by that I mean nothing has changed with 'the system'), I am still fully aware that the top may be in on this 'bull'. Yes, there is a great case for a near doubling from here over the next year for a monster blow off crack up boom top, but many, many people are calling for that. There really aren't many people (well, I'm the only one I know of...) who are saying that might be the top. You have to take out those people who say that's the top every step of the way for the last three or four years.

Of those that may be taken seriously, the word is that this has a ways to run because so many say a correction is due any time now. But not one says the 'bull' is due to be over now. And the AAII is max'ed out on bulls and the lowest on bears ever I think I heard. So, how could this fool the most people? How about the top is in, those calling for immediate higher prices are fooled, then it continues to drop and they all say the correction has started, and then they buy all the way down, calling the end of the correction, just like they did in the big crisis, not realizing it's a bear market. By the time they accept that, most of the down move will be done. When they all finally say it's all over, stocks are done forever, that will be it, of course, just like in the crisis. Just some thoughts.
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jimkane
Rep: 3,058
Posts: 33,089
Well, they got the LOD there. Suh-weet.
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jimkane
Rep: 3,058
Posts: 33,089
I think that this is a very low probability event, but recall how I said this will need a triggering event, it will rise until that happens? Will that be Hong Kong, Russian war, Ferguson, and so on. Well, wouldn't it be just insane, I mean plain dog nuts crazy, if the triggering event for the worldwide collapse was Ebola spreading through the U.S. and the 'civilized world' like wildfire? Probably not going to happen, but when you look at what the Spanish flu in WWI did, you can see it is entirely possible for a pandemic to arise in this country. Imagine if historically they looked back and that was the triggering event...
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jimkane
Rep: 3,058
Posts: 33,089
Watch the ES here on say the 1-min to see if it rolls. It's clue time.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, the long is looking good now, it was able to break out from that area with ease. Now I watch to see if that's a snap trap fake out, or if it's really going to go.
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MarcinO
Rep: 67
Posts: 5,506
1950.50 looks nice
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jimkane
Rep: 3,058
Posts: 33,089
The generals are leading, and the troops aren't following. This, usually, is a very bad thing.

http://www.zerohedge.com/news/2014-10-03/market-breadth-has-collapsed-around-world