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Post by abdogman on Feb 19, 2010 11:06:34 GMT -5
wOOf UK
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Post by ukarlewitz on Feb 19, 2010 11:09:15 GMT -5
Mikey, how do you embed a chart. That's really cool. I'm going to have to exalt you later on for that. I agree with all your dot points and would add that if we finish in this tight area here below the 50dma then I'll remain bear into Monday, esp if UUP holds above 23.77-.8
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Post by worldclass422 on Feb 19, 2010 11:13:09 GMT -5
OH NO!!! Tiger is about to talk....what impact will have on stocks??? just kidding Hi Merrill, You know I was wondering the same thing.
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Post by merrillstanley on Feb 19, 2010 11:15:59 GMT -5
damn, the markets need Tiger to talk more often
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Post by doglover on Feb 19, 2010 11:21:43 GMT -5
XLF at HOD.
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Post by worldclass422 on Feb 19, 2010 11:40:34 GMT -5
Hi Everyone, I'm a little confused. This market seems a little Bear & a little Bull today. I can't figure it out which it is. I'm not sure which way to move. Any opinions? Thanks in advance!
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Post by merrillstanley on Feb 19, 2010 11:48:59 GMT -5
Class, its OPEX, no other reason than that
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Post by worldclass422 on Feb 19, 2010 12:15:22 GMT -5
Class, its OPEX, no other reason than that Merrill, thanks for the guidance. I exalt you ! WC
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Feb 19, 2010 12:18:06 GMT -5
Mikey, how do you embed a chart. That's really cool. I'm going to have to exalt you later on for that. There might be an easier way, but I've got this down to a 30-60 second process: 1) Hit CTRL-print screen to save your screen as an image 2) Open MS Paint or another basic photo editor 3) Crop out all the other crap on your screen 4) Save as JPG (not BMP - it's a larger file) 5) Post reply in M/B, click Browse...then select your JPG and click the HOST IT button 6) Copy/paste the "Forum code" into the message. Testing...testing...Euro at 50hma:
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Feb 19, 2010 12:20:22 GMT -5
Edit #2 above to read
Open MS Paint or another basic photo editor and hit CTRL-V (or Edit-Paste) to copy in your screen print
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Post by elle on Feb 19, 2010 12:22:20 GMT -5
Checking in. Almost to the most outer circle edge - who'd a thunk it. Edge at 111.70,.80 depends on when/if we hit it today. That's all I have other than we are almost at uka wolf wall top already. No good lines other than that, because we are going through everything with barely a pause.
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Feb 19, 2010 12:23:37 GMT -5
Another test - dollar index at rising 20hma:
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Post by merrillstanley on Feb 19, 2010 12:56:05 GMT -5
being that its OPEX, take this in appropriate consideration:
NYSE A:D 1.6:1...vol 3:2
S&P A:D 3:1...vol 2:1... half of its normal volume activity intraday, but that would be expected on opex day
what lower vol is beign thrown into banks has for the most part been in accum mode
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Post by worldclass422 on Feb 19, 2010 13:17:30 GMT -5
being that its OPEX, take this in appropriate consideration: NYSE A:D 1.6:1...vol 3:2 S&P A:D 3:1...vol 2:1... half of its normal volume activity intraday, but that would be expected on opex day what lower vol is beign thrown into banks has for the most part been in accum mode Merrill, Thanks for the more in depth explanation! It all makes more sense to me now. You've helped to understand more clearly. Next OPEX day, I'll be more prepared. Have a good day! WC
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Post by merrillstanley on Feb 19, 2010 13:19:34 GMT -5
Yw WC you have been exalted
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Post by elle on Feb 19, 2010 14:30:18 GMT -5
sad i sold my TXN, but now looking to short it soon - or IPI, so many stocks at R1
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Post by ukarlewitz on Feb 19, 2010 15:08:29 GMT -5
My my, what happened to the DX? Sitting on the next S of 23.7.
Carl has kicked Oscar's butt again. I was worried about my shorts once I saw Oscar short. Do we vote him off the island? Carl pulled 7pts out of the market yesterday as well. He's quite good. The IT guys got caught off guard on this one too. They have an X short at 53.55.
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Post by jack on Feb 19, 2010 15:14:45 GMT -5
How can you even consider kicking Oscar off by the way he can arm gesture with the best of my old Brooklynese buddies?
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Post by Steel on Feb 19, 2010 15:24:11 GMT -5
Ukarl, are you still bearish for Monday?
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Post by elle on Feb 19, 2010 15:26:43 GMT -5
My my, what happened to the DX? Sitting on the next S of 23.7. Carl has kicked Oscar's butt again. I was worried about my shorts once I saw Oscar short. Do we vote him off the island? Carl pulled 7pts out of the market yesterday as well. He's quite good. The IT guys got caught off guard on this one too. They have an X short at 53.55. Seems from your posts, Carl has been more on target. Thanks for passing them along. I thought IT covered X, so did they re-up? I'm getting to the end of my rope on DDSS, may "borrow" some of it for another trade and buy it back if it ever gets out of it's .10 envelope. Really wish we'd get a good push, just can't get to that final R level.
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Post by ukarlewitz on Feb 19, 2010 15:31:18 GMT -5
You're right. But 1). he lives in Vegas and 2). a basic criteria should be some level of accuracy. I'll let the council decide.
Meanwhile, we have a big black bar on the daily DX. That's quite bullish for equities for Monday, barring some further screw up in Europe or China over the weekend. We'll have to see how we close; it's tute time and the last 30m determines the all important weekly print.
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Post by ukarlewitz on Feb 19, 2010 15:36:19 GMT -5
Hey Steel, welcome. Join up so we can exalt you.
Elle, they re-shorted X. I missed it. DDSS seems to have a negative beta; it moves opposite the market. We tank in the next couple of weeks and it will sky rocket. Patience.
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Post by elle on Feb 19, 2010 15:40:01 GMT -5
SPG and IYR will confirm above R1, then R3 is a good jump from here. 6 days up in a row. In Dec, they did 7 in a row and then retraced down the whole move. So at this point, a rocket to R3 would be great, as opposed to No Man's Land.
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Post by elle on Feb 19, 2010 15:42:11 GMT -5
Doesn't appear the closes are worth coming back for. I think since the Prop Trading chicken game last couple weeks (which it looks like the banks won), they are at least trying to be less blatant and squeeze the buy programs in here and there.,
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Post by elle on Feb 19, 2010 15:50:01 GMT -5
Taking a swing at the ball here. Bought a pile of SRS as SPG tagged R
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Post by merrillstanley on Feb 19, 2010 15:52:58 GMT -5
Bank Of America (BAC) Mkt On Close Sell Imbalance: Shrs 2759900 Citigroup (C) Mkt On Close Buy Imbalance: Shrs 3380000 Goldman Sachs (GS) Mkt On Close Buy Imbalance: Shrs 75700 JPMorgan Chase (JPM) Mkt On Close Buy Imbalance: Shrs 734900 Morgan Stanley (MS) Mkt On Close Buy Imbalance: Shrs 208300 Wells Fargo (WFC) Mkt On Close Buy Imbalance: Shrs 1029600
all but one, volume is light, but someone is buying
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Post by merrillstanley on Feb 19, 2010 15:54:03 GMT -5
Gafisa (GFA) Mkt On Close Buy Imbalance: Shrs 104300
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Post by ukarlewitz on Feb 19, 2010 15:54:33 GMT -5
I could easily see the Spy bouncing around next week (or more) between 109 and 112 - a repeat of the Nov-Dec chopfest.
Interesting that the Nasdaq Composite and DJI might close red.
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Post by merrillstanley on Feb 19, 2010 15:57:39 GMT -5
saw that UK, but what else would one expect from the end of OPEX week
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Post by ukarlewitz on Feb 19, 2010 15:59:21 GMT -5
Elle, you saw that MCZ is the hidden gem I hope. Below 0.49.
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