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I didn’t post last night, but I went short the NDX and SPX yesterday at the close. Looking for my levels we got the automatic test of 907-903 range with the break of 919 yesterday intraday. That is where I went long SDS as well. I sold that this morning too. I was heavily short …

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This was the train track the SPX was chugging along as of last week. This is how the same chart this week is shaping up. The point of this is that this mini channel caused back in November 2007 signaled the beginning of a bear market. The SPX then had a bear market rally (didn’t …

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SPX is right around some major inflection point, but both the RUT, and the COMPX have considerable upside room which makes me think we are going to see the SPX break this trendline to the upside. After the break I think it will selloff to test the line causing a break even for the week …

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I know it sounds fucking ridiculous, but I knew when I got trapped in the long trade, that it was going to be one I’d have to wait out quite awhile. I’m ok with that. I’ve been making the mistake of diddling around with these little stocks all on the long side. However, there has …

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Nobody likes the way the market is trading. Everyone, and I mean e–ry-ne, will be apathetic and give up. Starting today. Those weak hands will be crushed and they won’t eat their dinner or breakfast for two days. Enjoy Apathetic Wednesday. Is it time for me to post the Smokey and the Bandit video to …

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