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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Starting it off.

    Best wishes for a Happy, Healthy, and Prosperous New Year.

    Al :--)
    RA
    rat89
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    Posts: 7,015
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    ohhh.....I see what you're saying Marcin....I would expect five waves up for (i)!
    the bigger picture requires spx up around 3292, and spy around 328.29.....it needs this lift.....what I wonder is whether wave (5) will be an ending diagonal or a classic 5 wave move?

    Originally posted by rat89

    I think we agree on the same thing, that 320.15 is now the confirmed low for wave (4), so wave (i) of (5) is pushing to a new high here....
    Click image for original size
    screen shot 2020 01 02 at 4 20 34 pm png

    Originally posted by MarcinO

    Don't want to mess with your charts, rat, but here I would also consider (i) counting starting from the move from 320.15 to 321.54. Just my two cents.
    Originally posted by rat89

    spy 5 - so which is it??


    RA
    rat89
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    Posts: 7,015
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    Click image for original size
    screen shot 2020 01 02 at 4 30 08 pm png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    This is a gamechanger.
    https://www.forexlive.com/news/!/pentagon-announces-iranian-quds-leader-killed-20200103
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Again, 8720 area comes into play for Nasdaq despite rising over 100 points before.

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    nq 2020 01 03 png
    MA
    MarcinO
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    Now it makes perfect sense to me. Thanks for explanation!
    Originally posted by rat89

    ohhh.....I see what you're saying Marcin....I would expect five waves up for (i)!
    the bigger picture requires spx up around 3292, and spy around 328.29.....it needs this lift.....what I wonder is whether wave (5) will be an ending diagonal or a classic 5 wave move?

    Originally posted by rat89

    I think we agree on the same thing, that 320.15 is now the confirmed low for wave (4), so wave (i) of (5) is pushing to a new high here....
    Click image for original size
    screen shot 2020 01 02 at 4 20 34 pm png

    Originally posted by MarcinO

    Don't want to mess with your charts, rat, but here I would also consider (i) counting starting from the move from 320.15 to 321.54. Just my two cents.
    Originally posted by rat89

    spy 5 - so which is it??



    MA
    MarcinO
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    8720 hit. It has given 40 points reaction so far, but looks like a temporary stop. 8660-70 is next.
    Originally posted by MarcinO

    Again, 8720 area comes into play for Nasdaq despite rising over 100 points before.

    RA
    rat89
    Rep: 0
    Posts: 7,015
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    intc
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    screen shot 2020 01 03 at 11 41 05 am png

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    screen shot 2020 01 03 at 11 41 16 am png
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Cool charts, guys.

    Al :--)
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Paper trading. I made a bit on a quick SPY trade, a long SPY weekly call near the open.

    Al :--))


    Click image for original size
    1918 png


    Click image for original size
    1919 png
    RA
    rat89
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    Posts: 7,015
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    Al, you caught that .786 gap open? nice work ;)
    AL
    albert
    Rep: 99
    Posts: 3,094
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    rat,

    Good one! I have also heard it as "If I had a choice of being smart or being lucky, I believe I would rather be lucky."

    Good trading,

    Al :--)

    Originally posted by rat89

    what's the saying? tis better to be lucky than smart? ;)

    Originally posted by albert

    rat,

    Thanks. I think I got lucky. I'll take it!

    Al

    :--))