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The information contained on this website and from any communication related to the author's blog is for informational purposes only. The analysis and commentary do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading or investment strategy. The materials on this website do not constitute an offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
2 comments:
I know you like to look at Jim Cramer as a contrary indicator but the best contrary indicator on that site is Rev Shark. At every turn he harps on about how you shouldn't try to call the turn. What is he doing now? Shorting. When he covers his shorts and starts going on about not calling turns the time to go short will be here.
I agree, Rev Shark is not someone that I like to be on the same side of the trade on. But I think we're very close to the end of this first up thrust and I see a 30 point pullback coming at anytime here.
Once I put back on my short, I will not cover until we at least fill the gap from 1075, but probably will wait for 1060-1065.
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