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Cuomo Brings Down The Martin Act On Kennay

Ken Lewis, who drew much of our ire but never merited his own category tag, might have finally left Bank of America, but that’s not enough to get him out of Andrew Cuomo’s crosshairs: Former Bank of America Corp. Chief Executive Officer Kenneth Lewis was sued by New York Attorney General...

Taleb: Every Human Should Short US Treasuries

Avast, Nassim Taleb declares Treasuries to be aboard the failboat, thinking “Well, it’s safer than Europe” won’t bolster things on this side of the pond very long: Feb. 4 (Bloomberg) — Nassim Nicholas Taleb, author of “The Black Swan,” said “every single human being” should bet U.S. Treasury bonds will decline,...

Breaking The First Two Rules

Has it come to this? Really? Mountains of coke, dominion over millions of dollars, concealed weapons, none of that is quite enough to provide today’s Modern Banker with the rush he needs to keep his heart beating a la Jason Statham? Now he has, in the hours away from the...

Thursday Morning Quick Links!

- Banker Fight Club 2007 was for the lulz. Banker Fight Club 2010 is more about taking your mind off your financial failures. -  The biggest real news: the unraveling at Club Med? (The Eurozone, that is.) -  Meanwhile, there’s no joy in Club Fed (Washington, DC, that is), as China prepares...

Barney Frank, Porker Of The Year. Mmmm, Pork…

I don’t envy anyone tasked with identifying the politician that perpetrates the most pork projects. Sensibly, Citizens Against Government Waste usually puts it to a vote, and the winner of the “Porker of the Year” title is none other than Massachusetts’ own Barney Frank. Some of the achievements on his roster: Frank...

Happy Groundhog Day!

Punxatawney Phil saw his shadow, so we’re expecting six more weeks of winter. And Australia failed to hike their interest rates as expected this morning (theirs, incidentally, is at 3.75%), so we expect the US to not start hiking for quite some time. Well, we expected that anyway, but the...

Complacent Panda

Closed

Sorry to keep the page blocked for so long. I'm reopening the content but not the site. Thank you to everyone who visited while I was open: a lot of you have helped me grow.If you want to visit another trading site, check out riding the noise. Also, every site...

Side Project

Two people wanted a newsletter or newsletter-like service. Even though that is a relatively small number, I’m going to give it a shot. If you would like to join, for $1 you will be given access to view CP's Letters from Wednesday until Saturday (March 17th – March 21st). Also,...

A Check Up

I think it is partially luck, a bit of excess caution, growing confidence, psychological development, and some nice charts, but I haven't had a losing trade since I tried to trade the after hours emini market several weeks ago (I wasn't used to the speed and the limited liquidity). All...

A Few Charts

Check out Trader Mike for several good charts as well....

Velocity, Acceleration

It's really hard to show the "speed" of stock movements without recording trading in action. I'm guessing that's why most sites don't talk about the speed of a movement very much. For those without trading software (it's a necessity for serious trading), you will have an even harder time getting...

Newsletter?

Anyone interested in purchasing a daily (weekly optional, for a lower price) newsletter? Each evening, before 9PM PST you would receive an email containing a PDF file, the newsletter. In the newsletter: - I'll discuss what happened in the markets that day and how I interpret the price movement (e.g....

Stock Picks and Discussion at iBankCoin | The Fly

Death and Destruction to All and to All a Good Night

Capital losses aside, I am having a “field day” with this market sell off. It’s one thing for the bears to get all riled up when the market is lifting off. It’s an entirely different animal when this fucker is tanking, 1929 style. I must admit, I lost millions today,...

Friendly Reminder: You’re Not Qualified

Why do you care if I lose oodles of money? I’ve been doing this shit for over a decade and have survived and thrived in all sorts of fucked up markets. This one is no different. So, I am making a call. I choose, fully aware of the homos in Greece,...

Crash and Hold

Here we are aboard that fucking airplane from Final Destination. I see burlap everywhere, as men with small brains and big balls make directional bets based upon the sovereign debt load of, ummm, Lithuania. For the record, The PPT has just dipped below 2.30. I knew we had another flush...

Picnic Time

Futures are pointing to a gay open. Do yourself a favor and grab a blanket, three bottles of wine, grapes and a wheel of cheese. Lay the blanket out in front of the teevee, like the stupid fucking moron that you are, and watch stocks slide on CNBC, while “noshing”...

Algorithmic Handouts

The Godly folks at iBC are working diligently on PPT 2.0. One new feature will be to identify stocks that are overbought or oversold within our system. Let’s face it, directional trading is all about emotion and momentum. A huge part of being successful is knowing when to get out...

Financials to Die For

I own a little Citigroup Inc. (C: 3.18 -5.64%) for the thrill of it. My motives are impure and I could care less about the company, truly. Some of you actually adhere to the laws and rules of proper asset management. Some of you kind gentlemen do not go...

OONR7

Google Wave

Anyone of you fine readers happen to get an invite for Google Wave? I would be forever in your debt should you send me an invite as well :)Thanks!!!...

Tuesday's trades

About my only bright spot today was SGY. But even that turned against me later in the day. My initial position was off the 5-min chart, and I doubled up after a nice pullback on the 10-min. Like I said... it was all for not as price came back down.Stopped...

Monday's trades

Quite the crazy day. Started off with a quick 3 strikeouts in IAG, HST and SSRI. Then rebounded with some nice action in AMSC and CMA. It was a bit of a roller coaster and I hope that's not a sign of things to come for the rest of the...

Friday's trade

Didn't know what to expect today with OPEX and, well, just being Friday. But I ended up in a really nice trade with BHI. I took my first trade off a break of the 10:40 bar high (nr7) and the next bar was also an nr7 so I ended up...

No trades

Not much interested me and I had a dinner to go to. Hope you all did better....

Wednesday's trades

Some good, some bad, some missed. I really missed an AGCO gimmie play on the 10-min chart. GNA did well for me and since my entry spread was so narrow I was able to double up on my normal amount of shares and make the small move to the fib....

MadeMan.com

Super Bowl Celebrity Poll

It's that time of year again – time for the annual gridiron spectacle. No, not the Super Bowl, but the 21st annual Scripps Howard Celebrity Super Bowl Poll. The rich and famous from entertainment, sports, politics and pop culture predict the winner......

Victoria Beckham

Victoria Beckham for Emporio Armani.......

Angelina Jolie

Angelina Jolie in just about the right amount of little black dress.......

14 Things Scaring Off the Ladies

Haven't had any trim in a while? You can follow our tips on how to date out of your league . You even use our handy guide to figuring out what women hear when we talk . But nothing's going to help you until you take care of these......

Super Bowl Snacks to Keep You Slim

For the health conscious, ironically, the upcoming pinnacle of athletic achievement for American football players is a day worth fearing.  This unofficial national holiday basically assures and all-day party filling you to the brim with high-calorie......

Nicole Scherzinger

Nicole Scherzinger is a golden goddess.......

Trader-X...views from a distorted mind.

BJS - 012610

Posted by Tom C.I am getting ready for vacation in February...I will be gone most of the month on 2 separate trips. I will try to finish this week off with a few posts, and then hopefully resume in March.I am posting the chart of BJS because it was a...

BK - 012010

Posted by Tom C.I don't always use trendlines, but when I see something I consider obvious I will. To me, the trendline I drew on BK was obvious; looking at the bigger picture price gapped up and after a short rally pulled back to the RZ and bounced off that...

Back to work

Posted by Tom C.It was a nice four day weekend, but now I am back at it. Here are the charts from last week's post - scroll down to read the details on entry and exit._______________...

A few trades

Posted by Tom C.I wanted to post some charts this morning, but my software is down. JCI was a good "u-turn" setup yesterday. Looking at my trade log, I entered on a break of the 6th bar high. If you plot Fibonacci lines over the opening range of the morning,...

More trading blogs

Posted by Tom C.I like to read Pradeep's blog, StockBee. Every morning, he has been posting "stocks likely to break out today". Yesterday SEED exploded at the end of the day (I had no position). Check it out - it is probably a good basis to start your morning watchlist.And...

Trading Blogs

Posted by Tom C.I am looking to clean up X's "Blogs I Read (Trading)". It looks like Anarco, Tyler, Attitude Trader, and 00NR7 haven't posted in a while - has anyone heard anything from them? I would hate to remove them if they are planning to start back up._______________...

Ragin' Cajun

RIMM: New Long

The PPT score is giving an oversold signal, given the accuracy of the damn thing, I think it makes sense to go long here– even before the jobs report. I am buying Research In Motion Limited (USA) (RIMM: 66.17 0.00%) here, as it sits on the 100 day moving...

It’s All About Jobs

There should be a pretty clear direction to where the market is heading, near-term, after the jobs report on Friday. If we take a look at the S&P 500, we are sitting right above the 100 day moving average, but below the 50 day. The bears are licking the chops right...

Breakdown or Signs of Life

I am seeing a bunch of bearish setups taking place in the market, but I am also seeing signs of life. The market needs some follow through in order to keep stocks from falling off a clip here, names like Google Inc. (GOOG: 526.778 0.00%) & Amazon.com, Inc. (AMZN:...

LVS: New Long

I bought Las Vegas Sands Corp. (LVS: 15.37 0.00%) here @ 16.55, with a stop right below the 50 day moving average @ 16.40. Casinos had a great day yesterday, and I like the pullback, I’m in for a trade....

Precious Metals

There is one guy I trust when it comes to precious metals, and that guy is none other than Mr. jake Gint. He likes silver like I like the New Orleans Saints, and he is ready to get behind (AGQ: 45.56 0.00%) . AGQ is the double long silver ETF....

Checklist

Average Daily Hybrid Score = (PPT Members click here) I want to see the low 2.20s before I get aggressive on the buy side S&P 500 9mo Chart: Below 50 & 100 day moving average, next area of MA support @ the 200 day, Scary! Today’s Heat map,Click here: sp500_large1122.png What’s moving today,...

Technical Analysis | Danny

Breadth Update, Special Delivery

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Breadth Suggests Lower Prices…

My take is that closing at the bottom of the box, with several days of no bounce, little buy strength, and a new closing low, means that we will probably get more downside.  I’m targeting 1030-1050, on the contingency that we close below 1080. That said, this will be the third...

Into the Bell…

Yesterday’s poor breadth reading is catching up with stocks, as the S&P revisits the day’s low, additionally, leaders viz., Apple Inc. (AAPL: 192.05 0.00%) and Goldman Sachs Group, Inc. (GS: 150.68 0.00%) (among many other notables) are showing considerable weakness after this mornings surge. This combined with us still...

Platinum: Gold’s Fat Cousin, or Sexy Sister?

Last year I did the unthinkable and combined technical analysis with “fundamentals” to back a trade that ended up working out pretty well.  The trade was long bullion. Here was my methodology, which involved little in the way of “homework” and more in the way of speed mortaring and pestleling on...

Big Bad Selloff

Today there was sell strength of 352, which indicates strong distribution.  We moved exactly to the end of the box after solidly breaking the prior days lows, and closed exactly on 1115 support (box low).  Tomorrow, I expect a bounce, due to a possible capitulation reading (see next chart).  It...

Don’t Forget about the SP:DXY chart

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The Dogwood Report

Why Big Government Doesn't Work

In an economy dominated by the government, the ruling class fulfills its ambitions by serving faithful constituencies at the expense of others. It tries to address its failures by increasing control, which reduces wealth even further, in a downward spiral. It’s not in the nature of government to abandon failed...

Kate & Emily at Mackinac Island

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Bad Practice

CoffeyGrinds vents about poor Twitter behavior. Check it out here....

Lake Michigan, Unsalted

Emily at the beach at sunset Wednesday....

Pre-School Graduation

My youngest graduated from pre-school tonight. Sigh....

Trackside at Indianapolis Motor Speedway

I'm doing a freelance photography gig at the Indianapolis 500 from Wednesday to Sunday. Here is a shot I took this morning from pit row looking down the front straight of the historic Indianapolis Motor Speedway.On Sunday, those stands will be filled with 400,000 of my closest friends....

zentrader.ca - Stock Market Blog

Heavy Selling

Obviously with a day like today the selling pressure will be brutal. Today 95% of today’s volume was on the sell side. clipped from www.market-harmonics.com  ...

Go Vikes!

40 years young and having the best statistical season ever….It’s not easy being a Vikings fan for the past 24 years, and hopefully tomorrow will end our Superbowl drought. This is a great Farve compilation for any sports fan (Packer fans being the exception)....

Fool Me Once…

This is what happens when you go back on everything you said you were going to do once he got into office. This guy has “one term president” written all over him. clipped from www.cbsnews.com That rating is Mr. Obama’s lowest yet in CBS News polling, and the poll marks the...

Breakout in Non Ferrous Metals

This sector broke out last Wednesday and offered a nice pullback opportunity on Friday morning at the open. Given that we closed at the day’s high, this looks like a sector that could run higher for weeks to come. Here is my watchlist in this sector: IVN FCX PCU TIE SLT...

Decent Internals

2-1 upside volume relative to downside volume. Seems likely the rally should continue. clipped from www.market-harmonics.com  ...

Sector Strength

Breakout of lengthy downward trendline and recapturing of it’s 50dma in convincing fashion. The oil sector should deserve your attention for the coming weeks. Here is my watchlist: WFT NBR EXH RIG NOV CAM HAL NE SLB SII DO BHI TDW BJS...

Afraid to Trade.com Blog

A Quick Quad-Market Assessment of the Selloff Thursday

With all major markets falling sharply on Thursday, I though it would be a good idea to take a quick "fly-by" glance at the daily charts of the S&P 500, Gold, Crude Oil and then the US Dollar Index....

Technician’s Edge: Rounded Arc and Support on Amazon AMZN

Today’s column at GreenFaucet’s Technician’s Edge addresses the interested “Rounded Arc and Critical Support Level in Amazon.” In the column, I highlight the “Rounded Reversal” (arc) chart formation (complete with negative momentum divergence) that formed at the $145 level which formed a ‘mirror image’ decline to complete a (near) perfect arc. Initial...

A Momentum Peek Inside the January SPY Decline

It's often helpful to step 'inside' the price action, particularly if you are a swing trader and especially if you are an intraday trader to see the structure and formation of price and how it compares to momentum. Let's take a look at the 10min SPY chart and note the current...

Overhead Cradle Resistance for the SP 500 Feb 3

I wanted to highlight a critical overhead resistance level - what I call the "Cradle Crossover" - that is occurring now in the S&P 500 Index. A resolution of this structure would certainly give us clues as to what to expect going forward....

How the Three Key Market Internals Preceded Sharp Rally Feb 2

I wanted to share an educational chart on how the Three Key Market Internals formed a predictable pattern that helped forecast the odds of a sharp rally ahead, which we're seeing materialize today. Let's take a look not just at that, but the current chart of Market Internals and some...

Key Overhead Resistance Noted on Monthly Nikkei

For those of us who follow overseas markets, I wanted to share a quick reference to the overhead resistance levels and structure as seen on the Monthly Japanese/Tokyo Nikkei Index....

Move the Markets

RWT-008: Forever is a Long Time

I’ve posted RWT-008, which goes over some basic game theory as it applies to a common trading decision: taking profits vs. letting the trade ride. In a canned example, I show how you can mathematically decide which option is best, and also give a way to model the imperfection...

Understand Your Terms

I'm not sure why so many traders refuse to use accepted scientific terms correctly. Recently I've seen the terms leading and lagging used incorrectly far too often. And don't get me started on fractal!...

It’s Gotta Be the Charts

Whenever I see people on forums endlessly discussing whether or not to use indicators, I always think of the old "it's gotta be the shoes" ad campaign....

Switching to vim

Though you wouldn’t know it from the blog, I’ve been typing a lot lately. I generally type longer texts on a flavor of emacs (usually, it’s been the excellent Aquamacs on my macbook pro). Now, though, I find that my wrists are hurting, and I don’t think it’s...

MtM Team Update

Well, we're a couple months in, and where are we?...

Support and Resistance

Looks like my Wii Tennis rating found support at 1000, and is breaking out. :-)...

The Balance Sheet

The State of the Union

Stylistically, I thought Obama struck the right note last night. He seemed confident and relaxed, and I thought the moments when he stepped out of the role of speechmaker and spoke in a more conversational......

The iPad

Just a few quick thoughts on the iPad announcement: Steve Jobs’s assertion that there was no reason to build a new product unless it performed better than what’s already out there sounds obvious, but in......

One Year: Overpromises

In the past few weeks, and especially now, after Scott Brown’s election, everyone has been full of advice for Barack Obama, counseling him on how he can do a better job of seizing back......

Health-Care Reform: What’s Good For the Goose . . .

Scott Brown’s surprise victory in yesterday’s Massachusetts senatorial election is being seen in many quarters as evidence that Democrats reached too far on health-care reform. Setting aside the fact that some of the opponents of......

The Massachusetts Election and Health-Care Stocks

Reading the movements of individual stocks as if they told you exactly what investors were thinking is, generally speaking, a mug’s game. Nonetheless, it seems unlikely that insurance stocks have risen sharply, far more sharply......

Why Massachusetts Shouldn’t Derail Health-Care Reform

I was going to write something about why Congress should enact a health-care reform bill (which I wrote about in the magazine a few weeks ago) regardless of what happens in the special Senate election......

Attitude Trader

I've Moved Across The Hall

I've packed up some of my things and moved across the hall (hopefully to a window office!). I'm not sure if it'll be permanent, but stop by my new place if you get a chance....

01/29 SIM [-$310.00] Fri

Today's SIM Net ROC: -$310.00 | 5 trades | 5 cntrcts      ...

01/28 SIM [+$225.00] Thu

Today's SIM Net ROC: +$225.00 | 5 trades | 5 cntrcts   ...

01/27 SIM [-$242.50] Wed

Today's SIM Net ROC: -$242.50 | 9 trades | 9 cntrcts ...

01/25 SIM [+$132.50] Mon

Today's SIM Net ROC: +$132.50 | R = +1.33 | 1 trade | 1 cntrct ...

01/24 Weekly Attitude Review

I started again last week tracking my attitude via my Attitude Index™. (I've been posting it daily on my Twitter page.)Early in the week I had two "0" days in a row for my AI but then during the last few days of the week I made it my main...

TraderFeed

The Salience Principle

Here is a little nugget of trading wisdom: the market systematically punishes salience. Show me a strategy that makes use of highly salient information (i.e., information that is likely to stick in the mind at first, casual exposure) and I'll show you a strategy that underperforms.Many mechanical/algorithmic programs...

What We Can Learn From Extreme NYSE TICK Readings

Through 13:00 CT, I calculated the number of NYSE TICK readings that exceeded +800 and the number that were lower than -800.For 800 stocks to uptick or downtick simultaneously, we need to see buy or sell programs executing. The total number of +800 or -800 readings thus gives us...

A Look at Relative Volume During a Trending Market

Here we see how current ES volume is trading relative to the median volume for the past several weeks. We started the day with above average volume and the day's relative volume has expanded through the session. That suggests that lower prices have attracted participation; we've not, to...

Trend Days to the Downside: Identifying Features

A while back, I posted on the topic of how you can identify trend days to the downside. That post is worth reviewing in light of this morning's action.To that list, I would also add a few criteria:* It's worth watching for a trend day whenever the market...

Morning Briefing for February 4th: Downside Break

9:30 AM CT - I've added the top chart to show how we've traded lower through the morning, with volume at the bid far exceeding that at the offer (bottom histogram bars). Note how we've built volume steadily lower through the morning, staying below the volume bulge referenced below....

Quick Look at the CBOE Equity Put/Call Ratio

A quick look at CBOE equity put/call ratios shows that we've come off the elevated levels from last week, but are not seeing the low levels that have been associated with recent market tops. Although this is not a primary indicator that I employ, I have found it to...

Clusterstock

Yesterday's Bloodshed Sent The VIX Soaring 20%, Which Means Today Markets Will Rebound

Yesterday's market rout sent the Volatility Index (VIX) up 20.7% in a single day. Trading the Odds shows how, historically, a 20%+ VIX move has signaled that the market is short-term oversold. Since 1990, buying right after a 20%+ VIX surge has made money over the following five trading days, as...

China Spawns An Army of 'Professional Blackmail Journalists'

Caing reports on a peculiar trend in China. It's a sort of journalism, or perhaps anti-journalism. Essentially, you find a juicy, scandalous story and then rather than sell it to the media, you ask for hush money from the story's subjects. Caing: Later last year, a dozen journalists were discovered to have...

AAA-Credit Ratings Are Dying All Over The Place

While the loss of Warren Buffett's treasured AAA credit rating for Berkshire Hathaway may be shocking to many, it's actually just the latest development in a long-term trend towards weaker corporate credit. That's because according to Standard & Poor's, while there were 60 non-financial U.S. companies with AAA-ratings back in the...

Why Your Flight From LAX To JFK Takes An Hour Longer Than It Did In 1996

Good news: Airlines are doing very well these days at getting to their destinations on time. Things seem to be a far cry from the hell days back in 2006, when the government threatened massive intervention due to interminable delays and tarmac hostages. But there's more. Airlines are building lots of extra "padding"...

It Continues: Nikkei Down Nearly 3%

Not surprisingly, the early action in Japan is not encouraging. Blame Greece. Join the conversation about this story »See Also:HURRICANE EARTHMorgan Stanley: Even We Can't Believe How Fast The Euro Has UnraveledBLAME IT ON EUROPE ...

JPMorgan Email Reveals Secret Banker Plot To Rig Markets (JPM)

Here's more fodder for people that believe bankers control the world. TheStreet.com has an email from June 2008 that raises anti-trust questions for regulators. In the email, JPMorgan appears to collude with Santander not to compete with each other to purchase for troubled banks during the financial crisis in 2008. TheStreet.com: Written...

Trading for the Masses 888-201-4201

Charlie Rose: Henry Paulson, Former U.S. Treasury Secretary – Watch the full episode now.

Revisionist galore, new book, what the hey. Expect what you expect. He told Bush in 06, but didn’t see housing, come on Hank you know you saw it all. And all for no taxes on your GS stock! Not bad more about "Hulu –...

John Mack on Saving Morgan Stanley, Inside the Bunker

Thanks @tamelarich for sharing this one. Mr. Mack very insightful and interesting as usual from “inside the Bunker” more about "John Mack on Saving Morgan Stanley, I…", posted with vodpod Filed under: Trading ...

New year lows continue on Gold and Spoos

Jobs tomorrow, I think the top is in on the SPX at least thru June now. 1150 won’t be seen at least for that time frame it appears the bears are back in control for the time being. Time to scour the charts for a coming bounce, which will come...

How To Put The Spark Back Into Your Relationship With Your Cat | The Onion – America’s Finest News Source

This is how you get a deadcat bounce! more about "How To Put The Spark Back Into Your R…", posted with vodpod Filed under: Trading ...

Market Seer Peter Schiff, on the U.S. Becoming an “Economic Wasteland”

An appropriate day for Peter and his economic Wasteland call for the STUPID countries are taking us downtown. (Spain, Turkey, UK, Portugal, Italy, and Dubai) all go with Greece! STupid is as Stupid Does! more about "Market Seer Peter Schiff, on the U.S….", posted...

Spoos Fall overnite, All markets falling, Euro new lows

Markets can’t hold 35 pt rally as we get to the all important jobs number tomorrow premarket. Will we hold the lows here @ 1066 or are we on to the next leg of 1020? Time will Tell, as long as we continue to close under 1125 the bears rule...

High Probability Trading

Squawk Trader Top Secrets Video

Ben Lichtenstein; from TraderAudio, discusses how professional traders wait patiently for activity to come to them. He uses a good metaphor in comparing Professional traders in the pit to the "local" gamblers at Las Vegas. The Locals wait for the "tourists" that are in a hurry to make a bet...

Trading Addiction Links

Disgust Yourself: A Framework For Rapid Behavior Change Craving the High That Risky Trading Can Bring Are You Suffering From Day Trading Addiction? Trading Addiction Linkfest...

The Strangest Secret - Earl Nightingale

Motivational audio by Earl Nightingale. "We become what we think about" ...

Trending Day Charts

When the market internals are heavily biased in one direction, look for pullback signals. ...

Janaury 21st is a cursed day for stocks

2 years ago,,, on January 21st is when it occurred. Is it any coincidence that the market is selling off hard again on this day. Is Martin Luther King Jr. week a bad week for stocks? If you screwed up big time this week, fear not, there are plenty of...

30yr Bond Futures at Major Resistance

The 30 yr Bond Futures contract is at major resistance from December. Here's a look at TF, the emini Russell 2000 contract. Do we have a triple top forming? ...

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