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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday, 6 September 2013

S&P

here is my ideal scenario (so guaranteed something else happens ,lol)







it is adapted from this chart posted in July ,which did a decent job nailing the high (time and price)


Posted by at

9 comments:

  1. Trading Sunset6 September 2013 at 16:46

    hey CR, I'm with you on those.

    Despite the dumb Friday morning bounce..I think things are looking good for the bears.

    Indeed, I shorted the 'dumb bounce' at sp'1659.

    Have a good weekend

    ReplyDelete
    Replies
    1. Chartrambler6 September 2013 at 17:33

      Hey PD,yeah bit choppy and I got a bullish twin towers on the 2 hr now but daily doesnt look particularly bullish (hanging man below 50 dma ?) so we'll have to see.Have a good one yourself

      Delete
  2. Anonymous6 September 2013 at 16:50

    A CF pattern again. Deep pockets attempting to shore up the Fuku Market ? Kept my shorts although SQQQ is getting close to a stop. FXP stopped out a couple days ago and I redeployed those funds into EDZ today, since it took a larger hit and made LL. EWV (Japan short) has been the best performer. About ready to grab some PMs on evidence of a breakout.

    In the grand scheme, this move is noise:
    http://scharts.co/Z7sQkq

    Spank 'em down and put a sale tag on 'em:
    http://scharts.co/19pv7se
    Thank you, and thanks for the "frequent shorter bux" coupon. "I'll be back" next week. W

    ReplyDelete
  3. Anonymous6 September 2013 at 17:20

    Some secret video of a training program mandatory for all FED office workers and some of the G20 labor pool as well. (Note they speak Mandarin too.)

    http://www.youtube.com/watch_popup?v=BOjOGKu3jTc&feature

    W eee C

    ReplyDelete
  4. Anonymous6 September 2013 at 17:44

    Nope, CR. Just sick of dis Boole.

    Note TGG has converged with GLD at some lines of support.

    http://scharts.co/19pHG6Y

    ReplyDelete
  5. Anonymous6 September 2013 at 20:02

    "Ding!" That 1500x Dow tag was what I thought would be the top. A significant move above that and I'll be throwing towels with Permie and reverting to a paper trader.

    Implode!! u-b W

    ReplyDelete
    Replies
    1. Trading Sunset7 September 2013 at 02:51

      Well, the bears got a prime opportunity across the next 8 trading days - leading up to the FOMC of Sept'18.

      Weekly trend is still weak.
      Daily trend has seen a clear bounce...

      Bears need to whack this nonsense Mon/Tuesday...<1640..if not 1627.

      We'll know soon enough.

      Delete
  6. Anonymous7 September 2013 at 03:49

    Thank You CR for your contributions and blog this "levitating Wile" week.

    http://www.youtube.com/watch?v=kc823UD0LeU&NR=1

    ReplyDelete

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