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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

1812 – The Perfect Touch

RaginCajun Thu Feb 11, 2016 2:07pm EST 6 Comments

Can it be this easy? Do we double bottom off 1812, the low put in last month?

Screen Shot 2016-02-11 at 1.01.18 PM__

As long as oil stays depressed and the financials continue to hit new lows, I’d say we continue our march lower. Look at $BAC today, concerning no?

Trade accordingly.

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6 comments

  1. matt_bear
    matt_bear
    February 11, 2016 at 2:51 pm

    1810 seems to be it.

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  2. MSGT HARTMAN
    MSGT HARTMAN
    February 11, 2016 at 2:54 pm

    You’re not buying this correction? You’ve got to be kidding me.

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  3. JewishMantis
    JewishMantis
    February 11, 2016 at 3:25 pm

    Is it ever that easy ? I think we have to make new lows in order for any rally to commence. This is sucking in longs.

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    • MSGT HARTMAN
      MSGT HARTMAN
      February 11, 2016 at 3:53 pm

      Seriously, do you think the Fed is going to let the market crash?

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      • Noni Kavuri
        Noni Kavuri
        February 11, 2016 at 4:33 pm

        I went long $LABU at close for a trade, I hope it isn’t a bull trap. That’s evil.

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  4. Ragincajun
    Ragincajun
    February 11, 2016 at 9:33 pm

    I’m net long

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