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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.670+5.9%Jan 16 9:30 AM EST
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To: yard_man who wrote (2521)8/26/2022 5:14:16 AM
From: Bull RidaH  Read Replies (3) of 4446
 
... things sure feel dicey here.

Yes they were... but we hung in there, and out came the hard six... as in nearly 600 SPX rally from our last discussion. The chart below shows my current read. Yes... it will be 600 full points before it's said and done, courtesy of that tight little reverse head & shoulders pattern that formed right at the June lows. The target of that pattern is.... drum roll please... 4361!! I don't expect a move above that number for the foreseeable future, and will be exiting ALL long positions, once again, on the achievement of 4350 SPX. Would also be a good spot to consider going thermonuclear short for the long haul, but I may need to change my handle back to Bear King BEFORE I'm emotionally prepared to push that button. <g>

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