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      06-07-2012, 11:26 PM   #982
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Join Date: Feb 2010
Location: BC, Canada

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Originally Posted by Hisam135i View Post
I definitely think we are headed lower from here, all technical signs indicate a reversal from these few days of re-consolidation. Parabolic SAR (indicated trend reversal), Stochastic and MACD are all pointing down on the hourly chart. Everyone did not get what they wanted to here today from helicopter benny . I am sure you all saw what he had to say, so wont bother summarizing that on to the chart!

Attachment 703783

happy trading
You making more money than your professors yet?
Glad I went full short again, Japan's index is down -2% and Aus is down -1% too. After a powerful 60 handle rally on the SPX, everything is reset for another leg down. I'm thinking in the vicinity of a 50-100 sell off on the SPX. ST target anywhere from 1215-1265 from our current 1315.

Like I said before, if crash doesn't happen then we are going to rally up, and that's going to cause a much larger crash. The main body isn't even here yet because of this prop-up this week. But you can't hold back a Mama Bear.