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Post by ask2lern on Dec 14, 2010 13:01:34 GMT -5
I have 1416 as a key level on gold.........a couple of closes above that we should retest highs IMO.............Gold and the 1400 level are acting a lot like gold and the 1250 did IMO...........took several attempts to break above then there was one good back test before the march to current levels................ I am sure it is just because the levles are pretty obvious...........from an article just out.. ""I think we will probably probe and test that $1,400 range but really I think we've got to get over $1,416," says Phil Streible, senior market strategist at Lind-Waldock. "If we get a two day close over that I think we're going to advance making new all-time highs." Streible thinks the new high could be $1,464 whereas his support level is $1,331." www.thestreet.com/story/10946199/1/golds-latest-rally-fakeout-or-breakout.html?CM_VEN=AD|TWR|JC...................................... ;D ;D ;D |
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Post by ask2lern on Dec 14, 2010 13:25:19 GMT -5
I see the clock on the lower left of my CNBC screen indicating an upcoming "Fed Decision" .......................just what exactly are they deciding?........................I thought all decision were made and this is just going to reiterate what they have alreadysaid...............  ....................I guess I am just an idiot.......sorry............................. ;D |
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Post by brosin on Dec 14, 2010 13:45:52 GMT -5
;D +1 for making me bust out laughing ask!
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Post by ccash04 on Dec 14, 2010 14:52:06 GMT -5
Another zigzag day?? More consolidation or a topping process, me thinks its a topping process due to breadth continuing to diverge from price.
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Post by abdogman on Dec 14, 2010 14:54:09 GMT -5
macd on 1m iyr drn neg
macd on 1m fas xlf nearly +
iyr 54.57
drn 50.73
fas 26.46
xlf 15.665
on 1m
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Post by abdogman on Dec 14, 2010 15:00:44 GMT -5
macd + on 1m iyr drn fas xlf
iyr 54.63
drn 50.63
fas 26.38
xlf 15.68
on 1m
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Post by abdogman on Dec 14, 2010 15:01:11 GMT -5
BB's narrowing on 1m iyr drn fas xlf
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Post by Rich on Dec 14, 2010 15:05:05 GMT -5
my gut says short the crap outta this...so we're probably going higher
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Post by Rich on Dec 14, 2010 15:08:15 GMT -5
you guy's see that ad? The bots are watching  |
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Post by abdogman on Dec 14, 2010 15:08:16 GMT -5
BB's still narrowing on 1m iyr drn
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Post by abdogman on Dec 14, 2010 15:12:24 GMT -5
BB's on 1m iyr drn spreading now
they are on the bottom band
macd on 1m fas xlf just went neg
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Post by ccash04 on Dec 14, 2010 15:12:27 GMT -5
Yay bigger ticks to the downside |
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Post by abdogman on Dec 14, 2010 15:12:59 GMT -5
you guy's see that ad? The bots are watching What Ad is it Rich? |
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Post by abdogman on Dec 14, 2010 15:16:51 GMT -5
macd neg on 1m iyr drn fas xlf
iyr 54.45
drn 50.40
fas 26.42
xlf 15.655
on 1m
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Post by abdogman on Dec 14, 2010 15:18:45 GMT -5
at 1458 eastern from DK
The drop in fixed-income prices is accelerating.
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Post by ccash04 on Dec 14, 2010 15:18:46 GMT -5
Not that I want to the market to crash, but it just doesn't make sense, breadth gets worse and ISE is insane and yet it keeps rising... Makes a mockery of all the indicators lol
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Post by brosin on Dec 14, 2010 15:20:02 GMT -5
you guy's see that ad? The bots are watching What Ad is it Rich? maybe it was something about parachutes |
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Post by abdogman on Dec 14, 2010 15:20:05 GMT -5
BB's spreading on 1m fas xlf also now and they are on the bottom band
iyr 54.37
drn 50.25
fas 26.31
xlf 15.63
on 1m
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Post by ccash04 on Dec 14, 2010 15:20:31 GMT -5
10 yr testing 3.5% and 30 yr over 4.5%.. granted the 10s30s has been flattening but thats not a good thing for bank earnings.
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Post by ccash04 on Dec 14, 2010 15:21:42 GMT -5
VIX is subdued, does that mean too much complacency.. if you are short vol (don't know why you would be) now is a decent time to cover to play it safe.
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Post by abdogman on Dec 14, 2010 15:23:22 GMT -5
xlf 15.61 on 1m
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Post by brosin on Dec 14, 2010 15:23:46 GMT -5
we've had 4 TICK readings that were under -1000 in the past hour
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Post by ccash04 on Dec 14, 2010 15:28:21 GMT -5
lol S&P is down .01% and it feels like way more of a victory for the bears
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Post by abdogman on Dec 14, 2010 15:31:25 GMT -5
macd appx 0/0 on 1m iyr drn fas xlf
xlf 15.62 on 1m
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Post by abdogman on Dec 14, 2010 15:34:43 GMT -5
macd + on 1m iyr drn
macd back to neg on xlf fas
iyr 54.24
drn 49.81
fas 26.14
xlf 15.59
on 1m
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Post by abdogman on Dec 14, 2010 15:36:21 GMT -5
macd neg now on 1m iyr drn fas xlf
xlf 15.58
on 1m
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Post by ccash04 on Dec 14, 2010 15:36:45 GMT -5
VIX almost up a whole 1%.. Almost.
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Post by cosmic on Dec 14, 2010 15:39:32 GMT -5
Hallo Bear Cave ;D
You guys are at least seeing what I'm seeing.
The pressure is intense, I can feel it.
There's 'too much' out there in TP, we are going to need to do something here.
There need to be some decisive moves one way or the other or it's gonna just hurt.
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Post by abdogman on Dec 14, 2010 15:39:36 GMT -5
xlf 15.55 on 1m
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Post by cosmic on Dec 14, 2010 15:40:07 GMT -5
VIX almost up a whole 1%.. Almost. May fly here into the close. I saw $TRIN running on afterburners |
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