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   Strategies & Market TrendsWaiting for the big Kahuna


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To: robert b furman who wrote (94570)12/6/2016 9:17:08 PM
From: William H Huebl
   of 94614
 
I don't know whether you can get the chart in the link below.

VTX is the vortex indicator and I have drawn red lines eventually coming to a point in the future which are at the top of the red (-VI) moves and bottom of the green (+VI) moves. When the trend line(s) is/are broken, that is an indication that the move has completed and I would expect a sell-off at that point.

BWDIK

schrts.co

Another indication the move is almost over for cnnx is that all 3 type point and figure charts = traditional, percentage and atr show little possibility imho of a move up any more. In fact, atr shows the significant overhead that price needs to get through to go on to bigger and better things. It does show the possibility of a bit more on the upside, tho. But I wouldn't want to be the presidency on it (heehee).

Compare those PnFs to SPY and you will see a clear bull move up underway with no overhead.

As always, my own opinion with no guarantees and not an offer to sell, buy, or otherwise trade any stocks or other vehicle. I am not registered as such and you cannot depend on my observations to be other than IMHO.

Is that a CYA or what?

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To: William H Huebl who wrote (94571)12/6/2016 11:22:57 PM
From: robert b furman
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Hi Bill,

Link worked.

Always learn from your thorough analysis.

Yes cnnx needs a rest - I sold puts on it and it has since doubled - shows how smart I am - but it was a profit.<smile>

Not a what, definitely a CYA!

You do good work - Thank You !!

Bob

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To: robert b furman who wrote (94572)12/8/2016 12:01:55 PM
From: William H Huebl
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Thank you for your kind words.

And yes, CNNX looks vulnerable to a pull-back here.

If you look at the bottom trendline on RSI 44 you will see several hints of a breakdown coming.

BTW, RSI 44 on SPY shows the anticipated sell-off before election day and then the bullish breakout through the upper trendline recently.

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To: John Carson who wrote (89059)12/11/2016 12:30:59 PM
From: da_cheif™
   of 94614
 
why not:>:)

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To: John Carson who wrote (89059)1/16/2017 5:54:14 PM
From: da_cheif™
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this is your last post since 09 recommending a short etf .....and where have you been for the last 7 years

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To: robert b furman who wrote (94572)1/27/2017 8:38:56 PM
From: William H Huebl
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Doesn't look like it is resting at all.

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To: William H Huebl who wrote (94576)1/28/2017 11:03:03 AM
From: robert b furman
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Hi Bill,

The one that got away - now a triple in almost exactly a year.

That's the one I should've backed the truck up on!

woulda, coulda, shoulda, - all I know is you are famous for the one I always remember:

IATL = It Always Takes Longer

Bob

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To: robert b furman who wrote (94577)2/15/2017 7:51:47 AM
From: William H Huebl
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As long as you are making money, that is the key. Don't ever criticize a profit.

btw, the d- vtx plot just broke out of a down trend on CNNX which may be an indication of a pullback coming now.

BWDIK

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To: William H Huebl who wrote (94578)2/15/2017 8:24:16 AM
From: robert b furman
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Good morning Bill,

I've tracked Tom Drake's 2cs sentimeter since early 2015.

It has just registered the lowest number since I've tracked it - suggesting an IT top is happening.

It could easily continue into the option expiration - marking a rise into a third month of expiration in a row (something I've also never encountered in my short tracking experience).

We are in a very bullish market move - that is extended.

That does not mean it cannot continue.

It just gives us guidance that we are indeed fortunate to have any old long positions.

CNNX at $7.55 not even 13 month's ago vs. yesterday's $23.14 tells the story better than most.

Me not owning any of it, tells me a story I need to continue learning.LOL

Bob

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From: blitzfund2/15/2017 4:47:12 PM
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Surfs up, I thin the SPX will be at 444 by the year 2020, so grab your short board and enjoy ride.

BLITZ

PS. GeeeeZ ,...............Trump will be #1 as the president,
with the largest market percent loss in one year.

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