|
Post by brosin on Feb 23, 2010 10:07:47 GMT -5
Good bounce off 1100 - thought we'd dip to that level today, so I'm hoping it holds.
|
|
|
Post by merrillstanley on Feb 23, 2010 10:12:59 GMT -5
thx WC...Disco, making my FAZ overnight lookin good now...mikey does a pretty good job of reminding us of the bearish point of view
elle/uk, wondering if we take out some lower S levels today as has been the case in the past runs down...anyone have any thoughts
Gang be cognizant of the VIX levels....
A:D 2:5, vol following S&P 1:3, vol similar, anemic to start
|
|
lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
|
Post by lookingherethere on Feb 23, 2010 10:14:11 GMT -5
FDIC Bank info....on top of the bad confidence.... Consumer Confidence - Level 55.9 55.0 52.0 to 57.0 46.0 ouch
|
|
|
Post by kingdisco on Feb 23, 2010 10:15:15 GMT -5
haha yeah it does help to have a bear or two in the mix. gotta be able to swing both ways.
i just love to watch those violent swings...... as long as i'm not caught on the wrong end LOL!
i'm hoping gold breaks below 1100 today.... that would be nice.
however i have been thinking S&P, Gold, Crude all stuck in a range.
Gold 1050-1150
Crude 70-80
lol haven't bought faz in quite a long time
|
|
|
Post by kryptos2009 on Feb 23, 2010 10:15:43 GMT -5
XLF broke S1
|
|
|
Post by cashfilly on Feb 23, 2010 10:20:27 GMT -5
Brookfield bidding against Simon Property for general growth
14.49 acting more like r1...will it hold
|
|
|
Post by kryptos2009 on Feb 23, 2010 11:07:25 GMT -5
bouncing back and forth quite a bit today
|
|
|
Post by merrillstanley on Feb 23, 2010 11:14:08 GMT -5
yeah krypt, the fun usually occurs in the first and last quarter of the trading day... however, once the tone has been set, you may capitalize on 'sudden' lunch hours moves
|
|
|
Post by cashfilly on Feb 23, 2010 11:17:45 GMT -5
That was fun... Question is....was that a bounce --- bear flag for further decline? looks like it....
|
|
|
Post by kryptos2009 on Feb 23, 2010 11:21:29 GMT -5
Seems to be consistent buying coming in around XLF 14.49/50 FAS 72.95 area
|
|
|
Post by abdogman on Feb 23, 2010 11:21:59 GMT -5
Just wanted to make u guys aware that there are two threads going this am and uk elle jack etc are on the other one at XLF Pivot Points - Feb 23
|
|
|
Post by elle on Feb 23, 2010 11:29:19 GMT -5
I am SO jazzed! First time I drew a fork without any points on it yet and it went right there! Probably a coincidence, but rather encouraging. SPY channel 109.30 - guess that's close to Carl break for lower?
|
|
|
Post by merrillstanley on Feb 23, 2010 11:34:10 GMT -5
cash, think we're taking small steps down here, this may last into the week
A:D 1:3, vol 1:6 S&P A:D 1:10, vol 1:9, we're at a 1/3 of previous 10 day vol avg
was looking at sector index specific charts: with the exception of h/care, we're back at levels prior to the 7% correction, w/o any buying vol we're not looking good in passing those R levels. my concern is that if the tute part did not occur when we sropped down 7%, why in the world would they participate now, after missing the run up. right not we're at itms intraday support levels 1097...
for those who play THC, its tempting, but if the market continues to head south, you get a better entry under 4.70....with that being said, I missed a good portion of the S run-up last week, thought 3.13 would not hold, but it acted as S
|
|
|
Post by elle on Feb 23, 2010 11:34:20 GMT -5
SPG below 61.8, but support here, 77.90. Better support 77.60s
|
|
|
Post by cashfilly on Feb 23, 2010 11:40:04 GMT -5
Yeah bounced back nicely....small bites here....worked for a nice scalp though....Really all I'm doing....back and forth
|
|
|
Post by merrillstanley on Feb 23, 2010 11:44:12 GMT -5
seeing buying in spx at the levels
|
|
|
Post by cashfilly on Feb 23, 2010 11:49:42 GMT -5
Financial reform bill delayed ?
JPM coming up on 200 day ema on the 200
|
|
|
Post by cashfilly on Feb 23, 2010 11:52:21 GMT -5
xlf 14.46 would be the 200 on the xlf too...
|
|
|
Post by kryptos2009 on Feb 23, 2010 12:06:02 GMT -5
Broke thru XLF 14.49 with vol
|
|
|
Post by kryptos2009 on Feb 23, 2010 12:19:39 GMT -5
cash, just hit 14.46
|
|
|
Post by merrillstanley on Feb 23, 2010 12:34:44 GMT -5
what is interesting is the p/t in faz during this run, xlf is seeing heavy distrib as well....not seen that b4
|
|
|
Post by abdogman on Feb 23, 2010 12:48:37 GMT -5
EUR TANKING
|
|