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All yellow marks occur when price is above the resistance/support line of around the 1040 level. If 1040 breaks, I have to look at where the next yellow marks are. The next two that show up looking backwards are two at the 982-979 area. The yellow marks represent price congestion/inflection points. If the market breaks …

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WTF is with this market. The minute there is a potential 2 day move they rip the other way. Not just a doji, maybe a hammer, maybe some lame weak fizzle, no they rip the face off the very next day. That is what happened to me today. Mostly in my KGC calls and FXI …

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Get your helmets ready, because the bear shitters finally got a worthy down day and this time, things look different. First thing I did was sell my MSPD in the premarket for 4%. What an asshole move that was. MSPD closed up 17.87% today. Geez. Johnny Sell Early. What I did today also was retreat …

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Things that sucked : I like to start off with the bad news. The GILD chart as of yesterday was a bullish setup, however, that chart turned bearish right off the bat with the egregious gap down. Their earnings were good, but the reaction was poor. GILD ended up bouncing on the day despite the …

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For the last 8 months you probably haven’t noticed that my trading consistency has gotten much better. From my absolute fuck ups in 2008, to my current streak of “good trading” I’m proud to say that my index trading account is back to being up for the year. With the 2008 and the beginning of …

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