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ALSI ominous....stop.

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That Hourly Chart wants to give birth to something.Rosemary's Baby ?...OK..back in cash.Blink.
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24 REPLIES 24
Fredsed
Super Contributor
It's OK to go short now. I won't look.
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In this Mkt...it's where to next ? Not a clue.It should dump.It's jumped 2000 points from the bottom.But hey, it's the ALSI and can rocket to a 28500 Trendline Resistance...before dumping.Yeah,I'll short at 27 000.(if it gets there.).He wrote...just before an amazing infusion of hedge-fund greed.My ulcers...
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It's a Tight-rope on the TOPI P&F chart at Close of Play on Wednesday.TOPI back to Resistance.New BUY signal at 27 100 with resistance after that at 27 799.Alternatively, a new SELL signal at 27400.....and an out-of-body experience of note, as we head for the last downleg>>>Support at 23 600.Yup.Something is going to Flash !Crash. I say...RED.Dead ahead.And short 2.If it drops back to 25000,I cover.That's what I love about Shorting.It's Quick and it's Dead and it's CASH.Yeah !.Bob Marley calls....pretty baby.Stir it up...
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...that's 26400 as a new SELL.Damn ! that Herb be good.
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We can safely say that we have a NEW P&F sell signal....and my eyes keep falling to 23500 on the ALSI as a cover-point.Sep2010 prices.Support.
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Could we see a 2000 point drop today ?Surely not...
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yadav
Contributor
So, are we gonna see another 1000 points drop today?? maybe yes..
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She can easily drop her bottom below 25000...today.But we shall see.
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yadav
Contributor
Nice.. I like the way you think. cheers!!!
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It is just dropping, think we will see what happens when US opens.
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4900 on the FTSE is THE signal for the bears.
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Monday 22 Aug.Capt's Log.StarGate 7. Protocols update:FINI P&F sees 7800 High as a new BUY signal.Could happen.Possibly, a second chance to stagger some Shorts...or so me thinks.
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ALSI.FINI....still RESISTANCE.Could be a Big Wednesday coming.Helicopter Ben at Jackson's 'Harvard HillBilly ' Hole annual conference sees the worlds' press agape.What will the sage have to say ? Are there any spare helicopters ? Or will the dreaded Elliotticians have the final word and Deflate the world's BathTub.Many crying babies await us in the coming Moons.Once were Men,etc.....Blub! I want my Hedge-fund back !!!...(calling Dr Phil,calling the good Dr...)### And so we have the ALSI snake coiling and shakin' that nervous tail.Squeeeeeeeeze me.Yeah.Yeah.Just like that...much better.To be SHORT,as at.
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It has to be a green day tomorrow?
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It doesn't uh....have to.But it can.The ALSI's an Action-Girl.Just keep an eye on her Tail and 20/20 vision is assured.Right now at 26 000,twixt Cup and lip.
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The TOPI has to hit 26600 today or a NEW Supply signal will be added to the operating SELL signal = an immediate bearish bias.So let's see...P&F.Point and Figure Chart.Deadlier than a flatulence Cloud after a day in Parliament.Eish!
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More green please "Market", give us more...
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yeah,so we ended up as above with a twist coz the FINI popped a NEW buy signal on Wed.Now what ? Short-term rally before the Dump ?Tweak-tweak...little charts.
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yadav
Contributor
Time to add more shorts...
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