The ACD Method

SteveM said:
TSLA continuing to get slammed...think we finally may get a prolonged down move in the S&P for the first time in months...anyone seeing differently?
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still not convinced yet. Does SPY accumulate near ATH all month long to have people position for the crash? I don't think so. I say we get another leg up....i'm still looking for that blow-off top.
 
koolaid said:
still not convinced yet. Does SPY accumulate near ATH all month long to have people position for the crash? I don't think so. I say we get another leg up....i'm still looking for that blow-off top.
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Every sharp selloff on news has squeezed the shorts out. I think most have thrown in the towel. And I don't think anyone is calling for a crash. It's not binary either we go higher or we crash. I think we can pullback 3% to 5% here and rip to new highs by end of year. My number line sheet is garbage right now meaning all my stocks (2500) are falling apart at the seams.
 
Maverick74 said:
Guys, if you are looking for something to short, everytime you feel the urge to short ES, just replace that ticker with GBP/JPY. It has worked for a year now. Just automatically code it in your software so that even if you tried to enter ES into your order entry, it will automatically replace it with GBP/JPY. You can thank me later.
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GPYJPY fast approaching monthly AUP @140.127 and my indicators are showing marginal strengthening of the YEN along with weakness starting to move into the GBP. Failed monthly AUP might be a good area to get in.
 
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