Now its time to get short

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99.99999% traders fail

are you smarter than the market?

oh....you know the top???

LOL

today....11,765 traders blew up their 10k account

trend is your.........

forget it

LOL
 
Be very careful from here, there is a good chance we have put the bottom in and start the rise to new highs. However, if we drop from here and break approx 1620 on cash then the fall could be fast and aggressive. Stops moved to Breakeven on this.
 
Time to get short in which one - if you are referring to the commodities then may be yes but still i would prefer to be along the long term market sentiment but at what level is confusing me.
 
Quote from Pipflow:

Time to get short in which one - if you are referring to the commodities then may be yes but still i would prefer to be along the long term market sentiment but at what level is confusing me.
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Do you have ADD? Read the first post. The answers to all your questions are there. ..is this what elite trader has come down to?
 
Quote from chaykapwr:

Do you have ADD? Read the first post. The answers to all your questions are there. ..is this what elite trader has come down to?
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Well, to be fair you started this thread with a short call and today your are warning about a bottom being put in.

In terms of longer term technicals and the larger trend there is no failure as of yet.
 
Quote from bone:

Well, to be fair you started this thread with a short call and today your are warning about a bottom being put in.

In terms of longer term technicals and the larger trend there is no failure as of yet.
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Thats no excuse, my original post gave all the answers to his questions.

I then warned that today might be the next stage in the run up HOWEVER if it fails we should fall fast so my stop has been moved to break even

Please explain the confusion
 
The run-up you're talking about would be to 1720-1750 area, followed by a 200-240 points drop from there? I mean,is the first post still valid?
 
Quote from pfranz:

The run-up you're talking about would be to 1720-1750 area, followed by a 200-240 points drop from there? I mean,is the first post still valid?
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Thats a valid question.

If we run up from here, I would be very very hesitant to short until much higher (>1750) unless I see the price action indicative of a top.
 
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