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    Baffled

    LOL!!
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    Baffled

    I agree with you for intraday trading, but I like to predict market direction for my swing trade account (which has almost every trade getting stopped out lately).
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    Baffled

    About the only thing certain in this market is that when it finally corrects, it will likely correct hard. Call buying remains relentless, unlike anything seen in last September's rally, with the equity-only put-call ratio hitting a very bearish .30 today before rising to close the day at a...
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    Baffled

    Oh my god, now I am super bearish. What the hell are you smokin' anyway? Naz not re-testing 5000 is the same thing?? THE BUBBLE IS BACK!
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    Baffled

    Markets never go in a straight line.....
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    Baffled

    We all know that eventually gravity will take over the bearish rising wedge and drive it down. I have to admit that I am shocked at the price action. This mutha just won't go down......yet. What is really crazy is almost all the indicators point down... 1.) really super duper overbought...
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    American Express Financial Advisor??

    You're young, go and try it out. The experience can only be good for you. A job is a job at this point, you can try to find another one while you are working for AMEX. After all, you are not going to MARRY them....
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    The BEST inidicator available

    I love it when we have a rally off the lows and everyone is proclaiming the next bull market. I think we all know where this market is headed.
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    Frustrating Day....

    PPT: http://www.washingtonpost.com/wp-srv/business/longterm/blackm/plunge.htm
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    DRIFTING down AUG 20

    Just keep your stops tight....:)
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    Frustrating Day....

    That's it publias.....pull in as many suckers as possible and leave them holding the bag while things get very ugly....
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    Frustrating Day....

    because it is watching over our shoulders, waiting for us to make a move. I had a few small winners today, but most of my positions got stopped out. Everyday now it seems the tick is hitting +1200 and +1300. Doesn't matter how bearish the trin is it seems..... Could this be just an...
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    Frustrating Day....

    What was that bullshit that happened at the close today? Someone is keeping this market propped up.....ticks jumping around like a mexican jumping bean. Gotta be the PPT if you ask me....
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    DRIFTING down AUG 20

    I think the biggest indicator here is volume. This entire rally since the July lows has been on lower and lower volume. Today wasn't that great either, but yesterday was extremely light.
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    DRIFTING down AUG 20

    I think we get a decline over the next day or two to about spx 920. Then another big runup to spx 980 to lure in all the suckers. Then things get really ugly. JMHO.
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    Short/Intermediate Term Top

    I'm getting more and more bearish.....:)
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    Short/Intermediate Term Top

    One of my trading buddies is a great EW analyst and junkie. He says we are putting in a bearish rising wedge and it is going to get really ugly. Kind of scary, but it is a bear market. Funny how complacent people get after only a few weeks and a small rally....
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    Short/Intermediate Term Top

    Looks like we may have put in a short to intermediate term top today. --equity put/call is ridiculously low --vix is very very far away from its 10day MA --ticks in the 1200-1300 area --double-top on the spoos today --key resistance levels overhead --60min macd rolled into a sell...
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    About to give it up after 3 years of trading

    I don't think there is a single pro trader out there who hasn't been through what you have been through. I grinded several accounts into parking meter change before I really got the hang of it. Just take some time off, get yourself together. Get away from the markets and go work on your...
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    QLGC and semi's

    I think QLGC is looking more and more like a great short here....we are starting to top out and the sp cash is nearing resistance. Interesting how semi equipment stocks didn't really participate in today's move. Semis are going to die soon.
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