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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,409 Blog Posts

Cashin: We Dodged a Bullet

Dr. Fly Wed Jan 20, 2016 3:47pm EST 7 Comments

Rumors of derivatives in Hong Kong. Today’s reversal from -566, allowed us to avoid the ominous “Dow Theory sell signal.”

Watch what happens in Asia tonight.

Oil’s rebound is what drove today’s rally.

Had we broke 1,801 on the SPY, there would’ve been dragons in these lands.

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7 comments

  1. zerosum
    zerosum
    January 20, 2016 at 3:58 pm

    Why should it stop here? What has changed today? Nothing I can see.

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  2. blahblahblah
    blahblahblah
    January 20, 2016 at 4:00 pm

    i’m supposed to be excited about down 244. okay. LOLZ

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  3. t.c.
    t.c.
    January 20, 2016 at 4:08 pm

    More bear carcasses to come.

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    • 0 Deem this to be "Fake News"
  4. boyaj
    boyaj
    January 20, 2016 at 4:29 pm

    It sounds like he’s saying there’s some large derivatives held here that are tied to the Hong Kong market. Am I misinterpreting him? Thanks for clearing that up.

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  5. jpmorgains
    jpmorgains
    January 20, 2016 at 5:35 pm

    I WANT DRAGONS!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. J Adabese (your pen pal)
    J Adabese (your pen pal)
    January 20, 2016 at 8:34 pm

    Art Cashin is a GOD.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

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