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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

A Robotic Rally

chessNwine Tue Oct 21, 2014 3:39pm EST 6 Comments

picture_of_the_day_2

The V-shape rally cometh again, as last week’s lows have led to a sharp rally in the tape ever since.

I have been laying off the short side for a while now, but am looking to get involved tomorrow if I catch a whiff of weakness.

As I will explain in my video market recap after the bell, I do not believe we are out of the woods.

See you there.

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6 comments

  1. operator1
    operator1
    October 21, 2014 at 3:42 pm

    Couldn’t agree more. Looking forward to the video.

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  2. Mr. Cain Thaler
    Mr. Cain Thaler
    October 21, 2014 at 3:43 pm

    Thanks Chess

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  3. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor
    October 21, 2014 at 3:51 pm

    This is different from other v shaped rallies in 2013 and 2014. Its speed and distance in time is very bearish in my opinion.

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  4. paradox
    paradox
    October 21, 2014 at 3:55 pm

    Robotic rally indeed. The move down was a 3-4 standard deviation occurrence, and this rally seems to be in about the same ballpark.

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  5. mtpennybags
    mtpennybags
    October 21, 2014 at 4:34 pm

    indued

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