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ProShares UltraShort S&P500 Message Board

  • bjxxxx bjxxxx Nov 26, 2013 6:19 PM Flag

    Today's snp chart

    Can't remember last time it looked so much like the day before, with morning dip, gradual rise, then afternoon swoon. Don't know today's volume, but yesterday was weakish normal, not suggesting anything particular is happening. Btw, remember the good old days of daytrading when we talked about patterns like this? Guess the Holidays make me nostalgic. . . .

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    • ""remember the good old days of daytrading when we talked about patterns like this? Guess the Holidays make me nostalgic""
      Happy Thanksgiving BJ. There seems to be a lack of interest at yahoo finance mb's. Looks like consolidation on the 5 min. I think 1815 is possible Friday but on the daily the spx is near the top of a rising wedge Bullish sentiment and vix are at extremes as Aapl has pointed out.
      Did you read John Hussman's newsletter? He compares the spx to a " "log periodic" pattern where the general advance becomes increasingly steep, while corrections become both increasingly frequent and gradually shallower."
      The "finite time singularity pulls a bit closer – to December 2013 rather than January 2014"
      How closely the spx is following this mathematical trajectory is eerie.

    • Wouldn't bet on another swoon today at close before Thanksgiving, black Friday.

 
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