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Thread: Oct 15, 2012: US markets enter intermediate correction cycle?

  1. #1
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    Default Oct 15, 2012: US markets enter intermediate correction cycle?

    NDX has been down trending, joined by SPX.

    DOW to join and confirm downtrend also next week?

  2. #2
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    chart or gtfo ..
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  3. #3
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    Stocks n shares dropping like flies, quick bail out and put the money in real estate.

  4. #4
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    Buy on dip
    Ride at your own risk !!!

  5. #5
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    what goes up must come down...what comes down must go up...

    and i not talking about whats between every mans legs...

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    Quote Originally Posted by radha08
    what goes up must come down...what comes down must go up...

    and i not talking about whats between every mans legs...
    for a moment....I was all ears and i thought you meant........

  7. #7
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    Quote Originally Posted by Secretariat
    NDX has been down trending, joined by SPX.

    DOW to join and confirm downtrend also next week?
    even it happens, it is not going to be significant.

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    Quote Originally Posted by Laguna
    even it happens, it is not going to be significant.
    really? how so? can enlighten me ? I feel the same, but I want to hear your view

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    Quote Originally Posted by radha08
    what goes up must come down...what comes down must go up...

    and i not talking about whats between every mans legs...
    love the banana icon

  10. #10
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    Quote Originally Posted by blackjack21trader
    really? how so? can enlighten me ? I feel the same, but I want to hear your view
    aiyaya. Ur much better than me in every respect.

    President election is on the way........then...what is your feel? share share

  11. #11
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    Key numbers for SPX:

    2002Lo=768
    2007Hi=1576
    2002-2007=808 points

    2009Lo=666
    2012Hi=1474
    2009-2012=808 points

    SPX closed at 1429 last Friday, established a twin-peak formation at 1474s over the last 2 weeks.

  12. #12
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    Nowadays China-A share is a better worldwide technical indicator than S&P500

    I will pay close attention to Monday China-A ... if it chiong for the whole week, confirm hosay pun pi pi ... if 2000 cannot hold ... then better watch out
    Ride at your own risk !!!

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    Quote Originally Posted by phantom_opera
    Nowadays China-A share is a better worldwide technical indicator than S&P500

    I will pay close attention to Monday China-A ... if it chiong for the whole week, confirm hosay pun pi pi ... if 2000 cannot hold ... then better watch out
    Agree that SSE is key index to watch should US entes its corrective cycle.

    2000 is not necessarily important to hold, and prices appear to be completing its correction cycle since 2009.

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    Quote Originally Posted by Secretariat
    Agree that SSE is key index to watch should US entes its corrective cycle.

    2000 is not necessarily important to hold, and prices appear to be completing its correction cycle since 2009.
    I am monitoring those property stocks in China-A ... as long as they are still range bound ... no big problem to our dragon head
    Ride at your own risk !!!

  15. #15
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    Quote Originally Posted by phantom_opera
    I am monitoring those property stocks in China-A ... as long as they are still range bound ... no big problem to our dragon head
    Give a shout when you see something of note...

  16. #16
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    Quote Originally Posted by Secretariat
    Key numbers for SPX:

    2002Lo=768
    2007Hi=1576
    2002-2007=808 points

    2009Lo=666
    2012Hi=1474
    2009-2012=808 points

    SPX closed at 1429 last Friday, established a twin-peak formation at 1474s over the last 2 weeks.
    (By its definition, I am not a trader, but I do follow the views of a secluded list of US-based equity traders. This is because the equity of property investment is notoriously difficult to hedge, and one has to hedge via other instrument.

    Please do your own research, the sources will not be revealed, as I suspect that they will only serve to confuse the readers as they are very technical.

    No matter how you look at the following message, you are entitled to your opinions, to which I will be interested as well. However, should you decide to murder the messenger, then of course this is the last post on this subject.)

    The Message

    Over the weekends, traders seemed to say the following, baselined to Friday's close:

    - There is an upside risk of about 80 points for SPX, heavy resistance at the 1475 level,

    - There is a downside risk of about 400 points for SPX, roughly equivalent to about 3600 points for the Dow.

    Traders trade based on price actions printed on the chart, on various time dimensions, and they couldn't care less of the reasons behind the price actions.

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    Hint, more expansion of fed balance sheet in dec after op twist
    Ride at your own risk !!!

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