Time For A Poll
This is about as tough of market as I can remember, which is one reason I sit in cash. The other reason is the $IWM, or the Russell 2k. The index is still struggling with not only the 50 day moving average, but the 200 MA as well.
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This R2K needs to bounce right here, right now, or things can get ugly with the quickness.
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If a gun were to your head, gut decision, are you a buyer of the market here, or a seller? Click here to vote in this week’s poll.
7 Responses to Time For A Poll
Ragin … Mr. Ichimoku says we are likely to find a bit of SUPPORT in here !
That is to say … we (in all likelihood) BOUNCE !!!
Prolly … short-lived though !!! imo
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… uhhh … did “Mr. Ichimoku” NAIL THAT BOUNCE … or, what ???
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IN THE LAND OF THE BLIND … PERHAPS “MR. ICHIMOKU” … IS KING !!!
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It WOULD be funny … ‘cept it AIN’T !!!
LOL
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Full Disclosure :
SHORTER THAN VERNE TROYER !!!
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I think we see 1380 before 1330.
After that who knows ~ more see/saw?
>This is about as tough of market as I can remember,
We said that last july too
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Was gonna say the same thing. Chop fest.
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Didn’t get a chance to vote but would have as seller. In fact, I have already taken my short $RUT / long vol position. $RUT in confirmed downtrend from 3/26 closing high;
3/26 close @ 846.13,
4/10 close @ 784.15 (lower low than 3/06 close @ 787.09),
4/27 close @ 825.47 (lower high than 3/26 close),
6/04 close @ 737.24 (lower low than 4/10),
7/03 close @ 818.48 (lower high than 4/27 close)
