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Strategies & Market Trends : General market lab and commentary

SPY 671.91

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Nov 14 4:00 PM EST

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To: Robohogs who wrote (321)	4/9/2016 8:19:28 PM
From: Robohogs	of 668

The trading room I chat in is roaring this weekend. Everyone is bearish. As far as I can see, only one guy has a system that works consistently with others good at times. The consistent guy says likely gap down Monday by his model (but then ascribes a reason - makes me think he is more full of it than he lets on) but then rally all day (30% odds we don't). All the rest want the 200 dma immediately - which would double the decline so far btw. The marketwatch EW guy has a line in sand at 1995 btw. I personally just do not see it. The best chance to start a big move is to sell the up move aggressively. Second, is to use time. They used time. It may ultimately roll over but timing coming in for a rally. No rally, or very weak, and we may be rolling over. Not unusual btw. If we are still here in 2 weeks, my mind is changed. Of course, we may gap and test areas near 200 MA on a flush, then rally. That was my thought pre-skew number. Jon

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