christopherbrecher
Short

A break of 196.48 opens the door to much lower.

AMEX:SPY   SPDR S&P 500 ETF
401 26 8
Everyone I know is leaning long. Time for a real washout.
www.simplerstocks.com
2use
2 years ago
Exclude me and probably timwest on being long - i have my doubts still and am mostly on sidelines
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Tom_Killick
2 years ago
I'm looking to enter any minute now...
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2use
2 years ago
There she blows
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timwest PRO
2 years ago
I'd love to see the real list of who is bearish, how bearish they are, what their stops are, what % of their account they have at risk = then I could get a real grip on things. 196 was a big level to break for sure.

I can't wait until TV has sentiment where we can all vote each day on where we think the market is going and, better yet, how much we have at stake in that idea.
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2use timwest
2 years ago
Good idea! Other sites have such a sentiment already. I'll refrain from saying for others from now on - that was just my feeling of your opinion. You may turn bullish at any moment ;)
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timwest PRO 2use
2 years ago
I think sentiment is the "one big thing" we can harness at TradingView ---- to collect the "trading" "view" ----and graph it.
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timwest PRO timwest
2 years ago
I got the breakdown at 196 on SPY and the retracement back up to sell on SPY, but getting a much bigger decline hasn't yet happened.
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christopherbrecher PRO timwest
2 years ago
Off by a few hours..:)
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timwest PRO christopherbrecher
2 years ago
Thanks Chris
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2use timwest
2 years ago
Agreed with 2 thumbs up.
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christopherbrecher PRO timwest
2 years ago
I use Stock Twits sentiment all the time as a negative indicator. I actually publish a Stocktwits sentiment indicator on my favorite stocks once a month. I also look at the cboe put-call ratio realtime on tradestation.
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2use christopherbrecher
2 years ago
Mind sharing links to these?
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Go to Stocktwits, and follow me..christopherbrecher..I have over 23,500 followers!
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2use christopherbrecher
2 years ago
thats a lot!
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It's free.
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2use christopherbrecher
2 years ago
Yes, but i find a lot of people commenting in the chats being...spammy, overhyped, and sometimes clueless. Correct me if im wrong? I read the twits here on charts at TV
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Just follow the people you like..
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2use christopherbrecher
2 years ago
Ill actually do that - i have to say youll be the first ill subscribe there. thanx for the tips!
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timwest PRO timwest
2 years ago
Imagine a chart that shows where everyone's stops are.... Well guess what! The brokerage firms have that already ... They just don't share it with anyone. How do you think they make so much money trading?
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2use timwest
2 years ago
Actually, i had exactly the same thought many times this part of the year. If any, they know best what will happen and where the bets are - i could only imagine the possibilities of anyone who knows this. And not on chart, but from real money bets.
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helpmoeny timwest
2 years ago
Or even better, if virtual trading was integrated into TV. Then you can all trade what you think is appropriate and decide what you share/publish. Then Tv could make analysis of what you've endured and like you said about risk/voting.
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chartmojo PRO
2 years ago
Notice how they are pumping news now to keep it above support...
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chartmojo PRO chartmojo
2 years ago
whoops that was for the AAPL chart.
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2use
2 years ago
I like how if you press play on the chart the "this is about to get real ugly" is exactly in the gap...
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timwest PRO 2use
2 years ago
Good one.
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christopherbrecher PRO timwest
2 years ago
I wish I were that good!.
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