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Post by jack on Jan 11, 2011 11:57:56 GMT -5
I can feel the energy flowing into FAS's veins by it passing its 200ma Good Luck Jack and Gang.... Doing Dogs and Lunch ....back as usual!! ....sorta wonder if Abs's wife will lock him out again....  |
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Post by jack on Jan 11, 2011 12:02:30 GMT -5
UUPs double touch off low last few candles
Note that FAS dt'd off its fib and now in downward candle at least for the moment
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Post by jack on Jan 11, 2011 12:09:33 GMT -5
UUP even
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Post by cosmic on Jan 11, 2011 13:14:19 GMT -5
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Post by ccash04 on Jan 11, 2011 13:21:54 GMT -5
Did waddell and reed just sell 3 e-mini contracts?
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Post by brosin on Jan 11, 2011 13:22:19 GMT -5
wow i hadn't even seen that big drop, you guys weren't kidding
TICK went crazy low on quite a few readings in the past 20 min - LOD was -1204
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Post by cosmic on Jan 11, 2011 13:26:55 GMT -5
Did waddell and reed just sell 3 e-mini contracts? All at once! |
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Post by ccash04 on Jan 11, 2011 13:31:09 GMT -5
Did waddell and reed just sell 3 e-mini contracts? All at once!  |
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Post by ccash04 on Jan 11, 2011 13:48:28 GMT -5
Per zero hedge:
Market Stutters As $6 Billion In ES Goes Through
Submitted by Tyler Durden on 01/11/2011 13:19 -0500
New York Stock Exchange
We are hearing that the recent market downdraft and volume upswing occurred as a major block of just about $6 billion in E-Minis hit the bid. What is odd is that such a big order would go as a block and not be split. Either this was a fat finger or someone is making a statement. In the meantime the NYSE cume TICK hit -1,313, indicating just how much of everything trades as one, and the second there is any selling for whatever reason, the house of cards is once again in jeopardy.
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Post by natsalilfly on Jan 11, 2011 13:57:01 GMT -5
It was like an earthquake foreshadowing a bigger one
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Post by ccash04 on Jan 11, 2011 13:57:46 GMT -5
This is great.. I stupidly shorted RIMM yesterday.. this downdraft maybe could get me out from underwater  |
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Post by natsalilfly on Jan 11, 2011 13:59:09 GMT -5
yeah I stupidly did not sell my 14.98 TZA at Friday or Monday when the opportunity presented itself, but am now green again with some good prospects
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Post by brosin on Jan 11, 2011 14:04:15 GMT -5
yeah I stupidly did not sell my 14.98 TZA at Friday or Monday when the opportunity presented itself, but am now green again with some good prospects nice job nat! i'm currently underwater on all 3 of my 3x bear funds (DRV, FAZ, TZA) but only barely now... hoping to get out for very nice trades in the next couple days |
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Post by natsalilfly on Jan 11, 2011 14:05:34 GMT -5
DRV was leading the bear pack earlier today, do you know why?
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Post by brosin on Jan 11, 2011 14:07:10 GMT -5
DRV was leading the bear pack earlier today, do you know why? if i had to guess... because it was down the most yesterday?  LOL, i'm really not sure. owning any/all of these funds (rather than shorting the bull ones) is a non stop  even if you end up green on it  |
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Post by ccash04 on Jan 11, 2011 14:10:27 GMT -5
DRV should be great b/c its just a swap on the POS insolvent SPG.
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Post by ccash04 on Jan 11, 2011 14:12:03 GMT -5
So do we go down until they announce the new POMO schedule tomorrow afternoon? Maybe a $12 billion purchase on Thurs. will reenstill confidence.
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Post by ccash04 on Jan 11, 2011 14:29:15 GMT -5
looks like selling may have abated and now we can melt up for the next 3 months.
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Post by cosmic on Jan 11, 2011 14:29:53 GMT -5
Wellllllllll... as T4D would say - everyone is hedged with puts - do you really think the Masters of the Universe are going to pay off all those insurance policies?
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Post by jack on Jan 11, 2011 14:29:56 GMT -5
macd's across the board have or will very soon cross into positive territory:
FAS
XLF
GS
JPM
SPY
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Post by jack on Jan 11, 2011 14:33:15 GMT -5
...wish I were smart enough to know how to play the interdaily rips & dips like Cashfilly - this woulda been a lucrative one today.
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Post by jack on Jan 11, 2011 14:36:10 GMT -5
looks like selling may have abated and now we can melt up for the next 3 months.
"Looks like selling may have abated and now we can melt up for the next 3 months."I'd like to nominate that one by ccash as the best post of the day! Do I have a second the motion? |
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Post by brosin on Jan 11, 2011 14:39:01 GMT -5
I'd like to hope so! But I doubt it  |
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Post by brosin on Jan 11, 2011 14:39:59 GMT -5
Wellllllllll... as T4D would say - everyone is hedged with puts - do you really think the Masters of the Universe are going to pay off all those insurance policies? no but they will a good job of dragging those positions towards even... but only to give them a taste of victory before decaying them back down again   |
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Post by Rich on Jan 11, 2011 14:40:13 GMT -5
I like cosmic's better...
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Post by jack on Jan 11, 2011 14:42:02 GMT -5
I like cosmic's better... Yeh I liked Cos too BUT I REALLY LIKE THE NOTION OF MELTING UP OVER THE NEXT 3 MOS!!!! |
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Post by Rich on Jan 11, 2011 14:42:49 GMT -5
what am I gonna do with all you damn bulls?
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Post by jack on Jan 11, 2011 14:43:44 GMT -5
GS's macd went south fwiw
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Post by brosin on Jan 11, 2011 14:45:39 GMT -5
what am I gonna do with all you damn bulls? the mkt is asking itself the same thing   |
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Post by jack on Jan 11, 2011 14:46:26 GMT -5
I like cosmic's better... Guess we'll let Cos & Ccash duke it out. |
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