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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (30423)	9/11/2018 10:35:17 AM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 41551

Hopefully da crooks stop supporting the market Lie. Its time for these markets to crash !

To: POKERSAM who wrote (30423)	9/11/2018 10:43:21 AM
From: Robohogs	1 Recommendation Recommended By Mongo2116 Read Replies (1) \| Respond to of 41551

You know you should show Robert some respect. I mean come on man. He obviously disagrees with a lot of your stuff but he is always calm and respectful. I hate to say it but you come across as a first class jerk. That is why you keep having these fights. Ski (edited) - ban me now. Jon

To: POKERSAM who wrote (30423)	9/11/2018 11:09:10 AM
From: robert b furman	4 Recommendations Recommended By codfish23 da_cheif™ da_spot Robohogs Read Replies (2) \| Respond to of 41551

I would disagree with that assessment. today has a + 5 offset and tomorrow has a + 6 offset. Those are modest offsets. With the market opening down 100 plus points at the open, there is a reversal that clx suggests will happen today or tomorrow. To overcome the modest offsets a normal up day would create a number equal to the next 2 offsets.'So it doesn't take a rip roaring up move to neutralize the offsets for today or tomorrow. After tomorrow the offsets get very supportive as the next 5 of 6 days are negative offsets, with the positive offset being a mere +1. So starting thursday the offsets make the 10 day very positive - the 30 is off again on again with negative and positive offsets clustered in groups. So timers took advantage of today's down open and are willing to wait a day or two for the 10 day supportive winds to take effect. The stocks I watch showed me a several (1-2)day possibility of a dip to extend. If today closes green clx, was plus or minus 1-1 1/2 days - I do not consider that useless at all. WWW is tomorrow and historical options settlement will have been accomplished. That gives the Market makers inventory to sell stock on Calls they sold with a mark up that goes into the 21st expiration. Since the 10 day is supportive after WWW and into the 21st, it suggests up and then my guess is, noise and sideways from the 21st to the time earnings begin to reinforce great corporate profits - especially in the US. That should be good for global money flows and a continued bull market that is very healthily showing us rotation. Yesterday transports hit a new high as did Qcom and more new highs than there were in new lows. This bull breathes in and out. Especially when it coincides with options expiration - which is pretty much a monthly cycle - excepting the rarer corrective wave that must happen in a bull market. Some fang stocks are getting distributed tesla,facebook while others are making new highs. Trade talks with Canada are going on today. AAPL announces the new product tomorrow - both of which can be a catalyst for a nice runup. I often think your over reliance on the EW "grail" blinds you from openly looking at other well proven studies that when taken in totality provide a safer path of investing. There is no need to discredit other studies that have been proven over time to be of great value on this thread. As another great contributor here at SI has said with common sense and exceptional wisdom (IMO) - " you can't build a house with just a hammer". I am not in a position where I want to increase my exposure - so I'm being a chicken thief and hoping/waiting for a bigger negative climax before I increase my long exposure with selling more puts. Perhaps I should have been more aggressive and sold puts on this mornings dip. At least clx studies didn't put me in at a worse time. I'm patiently waiting as time decay rewards my existing positions. Remember, not all of us like to pay regular personal income tax rates and are more oriented to investing vs your more speculative trading style! Bob

To: POKERSAM who wrote (30423)	9/11/2018 11:44:31 AM
From: skinowski	2 Recommendations Recommended By da_cheif™ kimberley Read Replies (2) \| Respond to of 41551

So, 10 30 are "useless", and another indicator is also "another nothingburger". Speaking of IMHO's -- I think one must be particularly careful NOT to sound offensive during online conversations. We don't see facial expressions, or body language, which may be important... we don't hear the voice. We only read the words. Like in the old saying - if you don't have something nice to say - say nothing. Haven't you heard and read hundreds of times that EWP is quasi religious mystical bullshit? I have. EWP is more vulnerable to "BS criticisms" than any other type of TA. And, try backtesting EW calls... don't think I've seen one call in thousands where well meaning readers would be in agreement. As EWP followers, we truly live in a glass house. So, let's be respectful to each other. You have an opportunity to speak your mind here - kindly give others a chance to do the same.