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Post by abdogman on Nov 11, 2010 15:10:11 GMT -5
macd + now on 1m xlf fas drn xlf 15.24 on 1m
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Post by elle on Nov 11, 2010 15:13:06 GMT -5
wait does ew wave 3 have to take out the low of wave 1?
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Post by ccash04 on Nov 11, 2010 15:13:15 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. Not stubborn just don't want to lose money, if you bought these dips the past two days, you made money, if you shorted them unless you covered at the bottom you lost. More so materials/metals/tech names but that's whats moving, I don't play banks so much so I am not as keen on their movements.
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Post by ccash04 on Nov 11, 2010 15:13:57 GMT -5
Come on FCX get to 110 today!!
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Post by abdogman on Nov 11, 2010 15:14:17 GMT -5
BB's spreading on 1m xlf fas xlf fas on 1m on top band xlf 15.25 on 1m
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Post by brosin on Nov 11, 2010 15:17:30 GMT -5
Come on FCX get to 110 today!! See FCX is a perfect example - so many of the stocks that are up today are the ones that have run so hard. When the underlying market starts going down and the short crushers are the only ones up, you know it's about that time. They are just squeezing out the final shorts before the drop. The rest of the market other than the short crushers is all down. A matter of time. I don't mind losing 1% today in my 100% short account (I'm in all the heavily shorted names) if it means I'm going to make 10-15% very quickly within a couple sessions. Timing it perfectly is very tough if not impossible All about managing risk as Dual has always taught. I see very little risk being short at this level, while I see quite a bit of risk in being long here. But that's just me. Right play is obviously cash, but I've never been that type of person
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Post by ccash04 on Nov 11, 2010 15:18:49 GMT -5
Plus I see bullish reversals all over the aforementioned higher beta names, LVS, BIDU, etc.
Even PCX
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Post by elle on Nov 11, 2010 15:20:02 GMT -5
I hear you, bro, but haven't seen the dash for trash yet (and I am the trash queen), seems that should be at the tail end.
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Post by abdogman on Nov 11, 2010 15:21:08 GMT -5
macd neg on 1m xlf fas and rolling over on drn xlf 15.23 on 1m fas 24.89 on 1m drn 55.30 on 1m
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Post by brosin on Nov 11, 2010 15:21:22 GMT -5
Hm I guess that's kind of true Elle, but some of the trash names like AIG hit new highs and have sold off pretty good
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Post by elle on Nov 11, 2010 15:21:47 GMT -5
Plus I see bullish reversals all over the aforementioned higher beta names, LVS, BIDU, etc. Even PCX and PCX is at least borderline trash so perhaps the dash is starting because the "lesser" coal stock - which I own! - are up. Every dog has its day.
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Post by ccash04 on Nov 11, 2010 15:21:53 GMT -5
FCX has a 13 PE...
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Post by abdogman on Nov 11, 2010 15:22:06 GMT -5
drn macd on 1m now neg also drn 55.14 on 1m
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Post by brosin on Nov 11, 2010 15:22:15 GMT -5
oh and ps, i own FCX and PCX in my IRA
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Post by ccash04 on Nov 11, 2010 15:23:05 GMT -5
Come on FCX get to 110 today!! See FCX is a perfect example - so many of the stocks that are up today are the ones that have run so hard. When the underlying market starts going down and the short crushers are the only ones up, you know it's about that time. They are just squeezing out the final shorts before the drop. The rest of the market other than the short crushers is all down. A matter of time. I don't mind losing 1% today in my 100% short account (I'm in all the heavily shorted names) if it means I'm going to make 10-15% very quickly within a couple sessions. Timing it perfectly is very tough if not impossible All about managing risk as Dual has always taught. I see very little risk being short at this level, while I see quite a bit of risk in being long here. But that's just me. Right play is obviously cash, but I've never been that type of person lol managing risk so being 100% short is managing risk. Now I've heard it all.
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Post by elle on Nov 11, 2010 15:23:55 GMT -5
CC, now that's true trash - I guess I meant the under $15-20 stocks I'm in
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Post by abdogman on Nov 11, 2010 15:25:08 GMT -5
xlf 15.20 on 1m
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Post by brosin on Nov 11, 2010 15:25:59 GMT -5
See FCX is a perfect example - so many of the stocks that are up today are the ones that have run so hard. When the underlying market starts going down and the short crushers are the only ones up, you know it's about that time. They are just squeezing out the final shorts before the drop. The rest of the market other than the short crushers is all down. A matter of time. I don't mind losing 1% today in my 100% short account (I'm in all the heavily shorted names) if it means I'm going to make 10-15% very quickly within a couple sessions. Timing it perfectly is very tough if not impossible All about managing risk as Dual has always taught. I see very little risk being short at this level, while I see quite a bit of risk in being long here. But that's just me. Right play is obviously cash, but I've never been that type of person lol managing risk so being 100% short is managing risk. Now I've heard it all. hey ccash you can do / believe what you want about my style of managing risk - i'm using complete house money and have scaled into this 100% short position only starting since last Thurs which was the first day I went over 50% short (market topped on Friday). I don't typically play any leveraged etfs in here. Market would sure need to start roaring if I'm going to get wiped out or anything!! Unrealized Gains/losses >-$156,617.00 -5.03% Realized Gains/losses > $383,586.50 Total Profit ------> $226,974.50 Performance -- > 22.70% 9/6/10 Close SPY 1 $110.89 $121.66 -------------------------> 9.71% I AM BEATING/LAGGING MKT BY 13.02% spreadsheets0.google.com/ccc?key=tNoiXtnahZ_NpkNVdcR1pbg&authkey=COSk6LQE&hl=en&authkey=COSk6LQE#gid=0
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Post by elle on Nov 11, 2010 15:27:19 GMT -5
$$f 3+
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Post by ccash04 on Nov 11, 2010 15:27:22 GMT -5
BTW on the low end next week there will be $25.5 Billion and on the high end $34.5 billion injected into the market leveraged multiple times...
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Post by clearwaters on Nov 11, 2010 15:29:06 GMT -5
And you have to ask yourself why they feel the need to inject that much money on a daily basis.
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Post by brosin on Nov 11, 2010 15:30:43 GMT -5
And you have to ask yourself why they feel the need to inject that much money on a daily basis. Or how that is different from the past 20 months - just because everyone finally started understanding what monetary policy is and what is going on does not mean that it is a new thing. Now that everyone is completely onto it, does it have the same effect?
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Post by rex on Nov 11, 2010 15:32:56 GMT -5
I can't beleive they're selling off today!!!! Was hoping for one more EOD rally.
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Post by abdogman on Nov 11, 2010 15:33:00 GMT -5
YO........xlf 15.17 on 1m
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Post by abdogman on Nov 11, 2010 15:33:57 GMT -5
BB's spreading now xlf fas drn all on bottom band on 1m macd neg on Above
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Post by abdogman on Nov 11, 2010 15:35:34 GMT -5
drn 54.55 on 1m fas 24.64 on 1m
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Post by clearwaters on Nov 11, 2010 15:38:26 GMT -5
Thanks for everyone's input today! Have a good one!
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Post by abdogman on Nov 11, 2010 15:41:36 GMT -5
macd now + on 1m drn macd now + on 1m xlf and fas xlf 15.19 on 1m
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Post by brosin on Nov 11, 2010 15:41:58 GMT -5
we didn't see a blowout TICK to the downside yet, for those hoping that we bounce here
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Post by brosin on Nov 11, 2010 15:46:49 GMT -5
hm we are bouncing though..
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