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Post by abdogman on Nov 11, 2010 10:56:54 GMT -5
macd + on 1m xlf fas drn xlf 15.16 on 1m
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Post by brosin on Nov 11, 2010 11:06:55 GMT -5
I see a lot of stubbornness after an 18% rally. How is that not being greedy? Please explain!
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Post by abdogman on Nov 11, 2010 11:06:58 GMT -5
xlf 15.12 on 1m
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Post by abdogman on Nov 11, 2010 11:08:25 GMT -5
macd neg now on 1m xlf fas and drn xlf 15.12 drn 54.30 fas 24.43 **all on 1m
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Post by abdogman on Nov 11, 2010 11:15:36 GMT -5
macd now + on 1m drn xlf fas xlf 15.15 on 1m
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Post by abdogman on Nov 11, 2010 11:39:21 GMT -5
xlf 15.17 on 1m fas 24.57 on 1m drn 54.57 on 1m
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Post by elle on Nov 11, 2010 11:50:49 GMT -5
let's get this party started - only 2.5 people at the nyse today, they can take the market anywhere they like.
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Post by brosin on Nov 11, 2010 11:52:51 GMT -5
LOL elle, sounds about right!
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Post by abdogman on Nov 11, 2010 12:00:50 GMT -5
Dogs and Lunch......Good Luck to ALL......back as usual
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Post by elle on Nov 11, 2010 12:04:57 GMT -5
I'm sure they're in a tough position, can't drop the dollar with G20 and can't look unstable with a too sucky stock market.
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Post by brosin on Nov 11, 2010 12:24:12 GMT -5
i think today is that monster red candle we haven't seen in a long time - maybe upwards of 200 pts down at the close - but i'm just a mean old bear now
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Post by ask2lern on Nov 11, 2010 12:53:23 GMT -5
Hey Gang................just checking in...............looks like there is an algo at 121.25....................did work up the #'s I would be watching on SPY S 120.99 PP 121.19 R 121.48.................I have not been watching much but I would expect a rush to front run tomorrows POMO later today..............vix getting slammed................. ?/........................the energizer market just keeps on going.................GLTA
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Post by ask2lern on Nov 11, 2010 13:05:04 GMT -5
NEWS ALERT......................CNBC VXX does not track VIX..................LMAO
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Post by deadmoney95 on Nov 11, 2010 13:22:25 GMT -5
lord help me i got another lobster roll for lunch today. hoping the markets rise with my cholesterol levels.
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Post by elle on Nov 11, 2010 13:37:32 GMT -5
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Post by elle on Nov 11, 2010 13:47:08 GMT -5
C again
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Post by elle on Nov 11, 2010 13:52:36 GMT -5
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Post by elle on Nov 11, 2010 14:00:15 GMT -5
"I give em a chicken"
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Post by brosin on Nov 11, 2010 14:04:31 GMT -5
Elle - this is the core reason I am worried about a big flush today: To that point Sabin, I believe the veterans day holiday in 2008 provided a "flying blind" scenario that the equity market completely seized on with the bond market and everything else closed. The few days before it were down massively, and on Veteran's day the market was up 1000 points on the dow. I hope we don't see anything like the opposite of that occurance. Actually, sorry I just looked and it was 10/13/08 (columbus day) that provided that spark
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Post by brosin on Nov 11, 2010 14:27:27 GMT -5
I've built into a fairly decent position in the Dec $123 SPY puts today
We'll see how that goes - I had sold half my Nov $124s for nice gain today, but rather than go back to those with only a week until expiration, I figured I'd take them out a little further:
Date Opened Contracts Buy Price Sell Price Total Cost 11/11/2010 SPY Dec $123 puts 100 $3.47 $34700 11/11/2010 SPY Dec $123 puts 100 $3.59 $35900 11/11/2010 SPY Dec $123 puts 100 $3.68 $36800 11/11/2010 SPY Dec $123 puts 100 $3.77 $37700 11/11/2010 SPY Dec $123 puts 100 $3.73 $37300 11/11/2010 SPY Dec $123 puts 100 $3.78 $37800 11/11/2010 SPY Dec $123 puts 100 $3.96 $39600 11/11/2010 SPY Dec $123 puts 100 $3.95 $39500 11/11/2010 SPY Dec $123 puts 100 $3.94 $39400
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Post by elle on Nov 11, 2010 14:39:09 GMT -5
hurry, abs, you're missing all the fun
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Post by brosin on Nov 11, 2010 14:40:01 GMT -5
we are right there - me thinks key spot now
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Post by abdogman on Nov 11, 2010 14:46:48 GMT -5
macd neg on 1m xlf fas drn on 1m xlf 15.24 on 1m fas 24.95 on 1m drn 55.28 on 1m
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Post by ccash04 on Nov 11, 2010 14:50:50 GMT -5
Confusing, all this negative talk yet markets are about 1% off intraday 52 week highs...
Just get into high beta names until we see a substantial break.. The rest is noise.
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Post by abdogman on Nov 11, 2010 14:50:58 GMT -5
BB's narrow on 1m xlf bottom band on 1m fas tipping down
xlf 15.23 on 1m
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Post by brosin on Nov 11, 2010 14:52:57 GMT -5
Confusing, all this negative talk yet markets are about 1% off intraday 52 week highs... Just get into high beta names until we see a substantial break.. The rest is noise. Why would you wait until we see a substantial break since that would inevitably mean quite a bit of money lost on that break? All the signs are there. Just sincerely curious why everyone is being so stubborn.
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Post by rex on Nov 11, 2010 14:58:47 GMT -5
Confusing, all this negative talk yet markets are about 1% off intraday 52 week highs... Just get into high beta names until we see a substantial break.. The rest is noise. Why would you wait until we see a substantial break since that would inevitably mean quite a bit of money lost on that break? All the signs are there. Brosin, are you really looking at a sell off today, or are you seeing it sometime in the next few days? Just sincerely curious why everyone is being so stubborn.
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Post by abdogman on Nov 11, 2010 14:59:34 GMT -5
macd on 1m xlf fas drn turning around to 0/0 from neg xlf 15.23 on 1m
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Post by brosin on Nov 11, 2010 15:02:41 GMT -5
Why would you wait until we see a substantial break since that would inevitably mean quite a bit of money lost on that break? All the signs are there. Just sincerely curious why everyone is being so stubborn. Brosin, are you really looking at a sell off today, or are you seeing it sometime in the next few days? Both - might not come in the final hour. If not I'd definitely think tomorrow into Monday will see a flush. I don't think the market *can* move higher as it currently stands - there's no one left to buy, and it seems like we're on the edge.
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Post by elle on Nov 11, 2010 15:07:51 GMT -5
Bro, I don't know much about EW, but that chart looks perfect to me - we would be in 4 up, then small 5 down and b/o
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