| From: humble1 | 3/19/2018 12:28:39 PM | | | | | | could be a bad day
gapped below the 50 and blew out the rising wedge support and has just kept melting down. macd is down crossing. there is an island top around zman's amazing 3/13 high pivot call. if/when spx takes out 2647, there is zero h-wave support until much, much lower.
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| To: humble1 who wrote (28380) | 3/20/2018 10:13:49 AM | | From: POKERSAM | | | | | This correction since 2872 has been very nice. It is not over yet. We should get to near 2500 in five waves from 2801.90 and if we blow that out it is 1810 for a deeper drop. |
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| From: humble1 | 3/20/2018 12:23:22 PM | | | | | | It's pompano time here in west Florida, fresh delicious pompano. The best tasting fish on the planet and they are running!


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| From: humble1 | 3/20/2018 4:36:20 PM | | | | | | expectations
from my perusals i can report that expectations are widespread that there will be a 1/4 point hike followed by a dovish statement and that the equity markets will surge to the upside. look for the spike, but look what happens afterwards the spike; and there may not even be one! |
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| From: humble1 | 3/21/2018 2:45:49 AM | | | | | | probability of 1/2 point hike soars. don't think this will happen but the spike may tell us something about hawk v. dove dot plots and about powell:
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| From: humble1 | 3/21/2018 4:54:46 AM | | | | | | DANGER! On The Edge Of The Cliff
If this one blows, everything blows. Draw a line across the triple bottom now being tested and sketch in the d/t line from the 2/26 high to make a Door Stopper (tm: h1).
Look at chart #2.
What you will see is the valley floor, a long long way down.

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| From: candlestickit | 3/21/2018 11:56:57 AM | | | | | | Fed decision of 1/4 pt hike a done deal. Expect they will have dovish tone, only to talk markets up. Commodities and currencies already know this and are leading higher. Equities this afternoon going to rocket. Of course, we know this dovish talk, just that only talk. The # of rate hikes will be more than they profess. |
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| From: humble1 | 3/22/2018 3:19:14 AM | | | | | | A Shooting Star?
A SS is one of my favorite candles in the proper context and yesterday we had Event Context. A perceived dovish Fed held to three hikes this year; the market popped; then it pooped into a red close. I say "perceived" because the economy is weaker than believed, much weaker. Three down retail sales readings in a row, a debt loaded consumer, a trade war in progress, and uncertainties created by a deleveraging China do not sound positive. No hike was needed and no future hikes should have been promised.
However, given expectations, the announcement warranted a solid up-up-up-and-away day. The failure to print one produced a H1 Continuation Sell Signal.
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