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elovemer
Market Wizard-
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Everything posted by elovemer
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thursday was the buy point ... 10 below however .... bear market !!!!! ... at the previous high taylor is tough in a bear market .... very important to flip longs to short .. .at the high
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tuesday was buy day .... and was a gap up short sell day ... thursday could be the buy point on a gapped up buy day closed at the low which was also the low of thursday looking for a long 5-10 points below the trading hours low .... during globex or during thursday morning session ... for a long today the long below friday low .... played ... but did not hold
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tuesday buy day ..... was not a test of previous cycle low so still can't rule out a test of friday low .... for wednesday
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34.25 high already 7 points off the high during globex session ..... r 9-10 should be interesting as well as the 3 am time slot
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... much appreciated bro
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tuesday..... for buy day ..... hit previous low setting up for a 50% short from the highs
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for next buy day monday and wednesday lows are still doable .... ... monday
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for friday possible short above tuesday high market holiday monday possible rally into 3 day weekend for weakness on monday
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wednesday .... almost reached prev high same session so ... have to take profit possible short above tuesday high
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there was no previous low ... so that is why you have to take profit .... went to the previous low .... of last two sessions...
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today is tuesday friday buy point .... buy , sell , short short hit .... but there was no previous low ... on monday is 50% the buy point ? or should one wait to buy below the today low ... during globex or on wednesday ? if it had closed at the low.... i would say buy below the low ... during globex however this moved up off of the 50% ... with volume .... a globex buy point maybe be mute.... however don't rule it out
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enter at british open .... look to close at british close and then look to re-enter if possible into us close exit at us close re-enter during globex if discount .... if not ... wait until next british open
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1300.5 288 contracts bought after the close .... below the trading hours low amateur .... pro ? target is break down low .... 1308 look to flip short again at 1309--1310 around 3 am careful with going long now .... getting heavy. tight stops close to a capitulation for a 20 point short squeeze ...... which will be a nice chance to get short
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thursday .... long below the current low during globex bec closed at the low flip to short at resistance ... during globex or during morning session should be +10 by 12 night .... if short fails .... then look to short again 10 higher on point for 100 points support from highs... on thursday
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tuesday ... same below prev low ... flip at resistance ....................................................... closed at the low ..... so buy below ... is 10 below the low ... during globex
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monday on buy day .... below prev low which was wednesday low if it closes near the low .... then the buy point becomes ... during globex session below the current low the tough part about a down trend is ..... you would like to short prev highs.... but it doesn't make it to prev highs except for random short squeezes so just stick to buying below prev lows.... and reverse to short at resistance level resistance is either a previous high... or a 50% from prev high
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prev low ........................................
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not so easy in a down trend prev low is at march 6th
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below prev low below prev low
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support is at 1135 spx
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below prev low .... again
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instead it is buy action below the prev low first target is 10 2nd target is gap fill 3rd target.... if still in , is see what the closers do with the remainder
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taylor says take profit same day wednesday won't be short sell action
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wednesday ..... for short day action close out longs tuesday.... unless you take profit and hold partial
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monday buy day action tuesday... either continuation for sell day action or ... another long below the low of monday buy lows.... sell highs