iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

SEPTEMBER IN A NUTSHELL

PAIN TRADE DEVELOPING HERE TONIGHT. STOCKTOBER?

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29 comments

  1. mr_peartree

    Don’t let anyone tell you it’s easy

    https://www.youtube.com/watch?v=m_MaJDK3VNE

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  2. Dr. Fly

    lol

    Wait for it

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  3. Jon v

    Bearshitting.

    The Carl Icahn bottom

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  4. WhatAboutTheTwinkie
    WhatAboutTheTwinkie

    Might as well just head here: https://www.youtube.com/watch?v=8c1BQkKUsx0

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  5. canalsrb

    Hahaha…. I think Bluestar left you a present on his way out.

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  6. linmoo

    IMO, this is just prolonging the eventual sweep of the lows, hopefully by next week.

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    • Option Addict

      Dude, that is denial talking…

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      • gauts

        so flush scenario out of the equation?

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        • Option Addict

          Did you catch AHWOA? Seems like a pain trade.

          If the USD/JPY breaks out, the bottom is in. It’s right there tonight…testing.

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          • gauts

            yeah. was hoping for one more flush but it looks like just deploy the rest of the cash on any mini pullback, if any.

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        • Bchu

          Seriously. Haha. Thought that’s what was laid out. A final flush. Who knows

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          • Option Addict

            I can’t wait for these types of comments to roll in. The emphasis will be on the lack of taking out the low, rather than the overall idea so far out in advance.

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          • gauts

            Doesn’t matter. A couple of 100 points doesn’t mean much in the grand scheme of things. I just have to deploy the rest of the cash and forget abt it for next few weeks.

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      • linmoo

        Well, I did most of my buying late Tuesday, so I’m good if not as long as I want. But 98, 2010, 2011, they all swept the lows eventually. And these gap ups have been consistently filled throughout 2015. Just because we’re deviating exactly from the ’98 analog doesn’t mean we don’t still have that OMFG moment. It the defining feature of these corrections.

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  7. velth

    Great video, really no need to write anything. With recent market action lately, you can probably do an AHWOA with just slides of charts and youtube videos of animal’s reactions following each slide.

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  8. toast

    Here I am in all cash waiting for the retest and the futures are jacking higher. This bounce should be sold tomorrow but what do I know.

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  9. hawaiifive0

    OA,
    Just in case you don’t know this. You probably do. The cycle guys say the normal daily cycle from trough to trough runs 35-45 days. We’re at 27 now. So it’s still possible to get that final low in another week or so.

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    • Bchu

      Haha. I guess to OAs comment above, the comments of re testing the lows are already coming in. It sounds like the epic rally has begun

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  10. Dan

    I have no idea which way we go, but just so we’re all clear Jeff, you are now telling us everything is clear and the face-ripper is coming?

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    • Option Addict

      Here’s from my last post…

      “Ultimately, I still think there is another move lower to trade, but tying this out and getting thoughts out is helping calm my nerves a little.”

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  11. JPMorgains

    After watching the video, the cover pic made sense. Nicely done.

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  12. kidstock

    Strong bid in Crude — would like to see contract trade 46.5+ for confirmation

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  13. WhatAboutTheTwinkie
    WhatAboutTheTwinkie

    Heavy pressure on USD/JPY this morning.

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    • berniecornfeld

      Anyone have a level in USD/JPY that’s significant here?

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      • k_melancon

        I don’t know if it is significant, but watching below 119.5 and above 120.5 for a decisive move….had a few head fakes in either direction If yen hits 119.5 today I am looking for he reversal

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      • Option Addict

        Under 119.5, Over 120.3

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  14. Steve

    you better have all bought that open

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