Friday, October 28, 2016

Weekly outlook Oct 31, 2016

Setup in place for a hard down week with FBI taking another look at Clinton Email scandal. Expect a bottom Nov 8-9?  Amazing how cycles has pointed to this possibility for months....



GL traders

15 comments:

  1. Jeez 6 trading days left still not going down .. the then ramp up .. are cycled usually 100 percents right ????

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    1. No. cycles can vary in length (short and long), so a miss by 1-2 weeks on a 20 week cycle would not be that unusual.

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  2. Drop below 2114 on SPX as market slowly melts down

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  3. DOW Industrials below 18,000. VIX now above 20. All signs of a market decline. How much? 5% (SPX) over the next 5-6 trading days would be a shallow correction....

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  4. I'm praying we get more than. 5 percent down ...

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    1. KP -Since I was long RWM (inverse Russell 2000 ETF) I am already up over 5%, so another 5% down on the Russell 2000 should be over 10% (which is the technical definition of a correction.

      I advised that people consider the inverse DOW, SPX, or R2K about 2 months ago.

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    2. Yes inlet , I'm a big idiot shorted qqq at 99.. been stuck for many many months .. Feb... speecless will just have to get when all these cycles all collide next week

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    3. The Qs are a beast, the QID and QLD are 2X and even more of a beast (Played with then some years ago and finally decided to quit (too easy to lose $s that never got recouped)

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  5. Last time all cycles collided 2081-1812 as u know

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    1. This time 2150 13 percent we would get gap fill at 1870 yikes hope this scenario pans out

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  6. This is when usually Yellen and PPT goose the market to 18,400 DOW. Let's see.

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  7. According to the charts this week should mark the bottom. Just not sure how long it will take to get some upside momo...

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