Friday Update

Tony is back everything is going well. He’ll do his normal posting in the next few days.

To answer some of the questions that keep being thrown my way. First I’m his daughter and he is in the later stages of COPD. So, if you know anything about it, it means some absences here and there. Please keep being positive, respectful and considerate!

Thank you for your patience in the last few weeks!

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234 Responses to Friday Update

  1. torehund says:

    Good to have you back Tony.
    Stance on market remains the same, macd histogram on weekly has been subzero and started to decline in late 2017, now back to zero and macd lines are ready to hock. No way we will decline from here in a significant way. Very bullish and indesputably so😳🤓😎

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  2. phil1247 says:

    CL
    free fall continues
    extensions of extension shorts
    64.28 target hit
    now bounce or continue collapse

    looks like ending diagonal call was correct 2 weeks ago
    now with typical rapid collapse back to the origin near 59

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  3. I gave permissions to everyone who wanted to open the John Murphy chart. It would not copy and paste and I ended up saving it to my Google drive.

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  4. vivelaamo says:

    I think we might get some slight consolidation here or maybe a small pb. Above 2741 and I’m a buyer of dips.

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  5. mcgcapital says:

    Sell the gap up today on SPX with 10 stop.. see where it goes. FTSE showing signs of 7600 coming up

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  6. H D says:

    The bottom line is most EW’rs have been playing an edge based on price, pattern, and time. It’s been working all year. Is it over? Maybe. Can we adjust and move on? yes. Not sure why there is any bashing of calls or opinions. Triangles are the least predictive and least reliable pattern. The fact that it worked so long is incredible.
    Tony’s has always been a community of ideas. IMO, objectively, the triangle idea now has the lowest probability. Stay classy & GL

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    • vivelaamo says:

      Agree. Let’s all respect one another. We are all just trying to make money at the end of the day.

      It may just be the internet. But insults can still hurt right?

      I’ve been guilty as most. Can’t take it back.

      Good luck to all.

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  7. wanderer says:

    Looks like everybody got it wrong … except Fred.

    The reasons for the drop were:
    1. Planetary alignments (Jupiter and Saturn in the wrong places relative to Mercury)
    2. Elliott Wave (some sort of magical ratios, such as 1.618 and 3.14)
    3. Geometric patterns (a triangle embedded in a pentagon iterwoven in an irregular zig-zag)
    4. Italian politics (Catalonia wants to separate from Spain and join Italy)
    5. Ancient Japanese mythology (shooting stars above the hanging man)

    I wonder what Fred uses for his analysis?

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