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Post by abdogman on Sept 22, 2010 10:00:42 GMT -5
xlf 14.62 on 1m and at top BB
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Post by abdogman on Sept 22, 2010 10:07:15 GMT -5
Today, there are 570 advancing issues and 1,200 declining issues in the NYSE.
from doug kass at 1056EDT
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Post by abdogman on Sept 22, 2010 10:07:54 GMT -5
macd just neg on 1m xlf fas xlf 15.575 on 1m
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Post by deadmoney95 on Sept 22, 2010 10:11:56 GMT -5
Carl F's optimism only grows:
I think we are witnessing a breakout (blue arrow) above a slightly descending neckline of a classic head and shoulder formation. Volume is till modest, but that is largely because this formation developed at the low of a five month trading range.
I expect the market to churn in the 1120-40 range for a couple of days and then head higher. Next upside target is around 1175, the high of the trend channel and the level of the 1174 high in mid-May.
The entire head and shoulders measures a move to 1250 according to classical bar chart theory. I think this latter target is too conservative. My best guess is that this market is on its way above 1300.
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Post by abdogman on Sept 22, 2010 10:17:29 GMT -5
BB's have spread on 1m xlf fas faz xlf 14.57 on 1m
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Post by abdogman on Sept 22, 2010 10:23:30 GMT -5
BB's spreading on 1m eur/usd and uup eur dropping uup rising
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Post by abdogman on Sept 22, 2010 10:23:58 GMT -5
macd just neg on 1m for xlf fas xlf 14.55 on 1m
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Post by brosin on Sept 22, 2010 10:25:49 GMT -5
Sure does look like the bears will be eating tonight!
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Post by abdogman on Sept 22, 2010 10:27:18 GMT -5
xlf 14.53 on 1m
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Post by abdogman on Sept 22, 2010 10:34:53 GMT -5
macd back pos on 1m xlf fas xlf 14.54 on 1m
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Post by abdogman on Sept 22, 2010 10:41:46 GMT -5
BB''s narrowing on 1m xlf fas faz macd pos xlf fas on 1m xlf 14.55 on 1m
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Post by abdogman on Sept 22, 2010 10:44:06 GMT -5
BB's narrowing to tight on eur/usd uup and vix on 1m
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Post by ccash04 on Sept 22, 2010 10:50:49 GMT -5
Carl F's optimism only grows: I think we are witnessing a breakout (blue arrow) above a slightly descending neckline of a classic head and shoulder formation. Volume is till modest, but that is largely because this formation developed at the low of a five month trading range. I expect the market to churn in the 1120-40 range for a couple of days and then head higher. Next upside target is around 1175, the high of the trend channel and the level of the 1174 high in mid-May. The entire head and shoulders measures a move to 1250 according to classical bar chart theory. I think this latter target is too conservative. My best guess is that this market is on its way above 1300. Incredible! I didn't realize it was time to start the 1300 chant all over again.
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Post by abdogman on Sept 22, 2010 10:56:34 GMT -5
xlf 14.56 on 1m
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Post by abdogman on Sept 22, 2010 10:58:35 GMT -5
Dogs and Lunch ....GLTA!...back as usual
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Post by abdogman on Sept 22, 2010 13:03:37 GMT -5
3.3 mil share red candle in xlf now on 1m xlf 14.49 on 1m macd neg xlf fas on 1m
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Post by abdogman on Sept 22, 2010 13:14:37 GMT -5
macd just pos on 1m xlf fas xlf 14.52 on 1m
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Post by abdogman on Sept 22, 2010 13:21:20 GMT -5
macd back to neg on 1m xlf fas BB's narrowing on 1m xlf fas faz xlf 14.50 on 1m
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Post by abdogman on Sept 22, 2010 13:31:44 GMT -5
macd pos for the last 5 min or so on xlf fas 1m xlf 14.53 on 1m
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Post by ccash04 on Sept 22, 2010 13:36:49 GMT -5
Higher ticks showing up
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Post by ccash04 on Sept 22, 2010 13:37:37 GMT -5
Bam more ticks showing up as we push thru 1135-1135.50 area.
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Post by abdogman on Sept 22, 2010 13:39:23 GMT -5
BB's spreading on 1m xlf fas faz xlf and fas riding the top band xlf 14.555 on 1m
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Post by brosin on Sept 22, 2010 13:41:11 GMT -5
Is Matt working today? I'd like to know in advance.
Damien isn't nearly as good.
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Post by ccash04 on Sept 22, 2010 13:41:15 GMT -5
And now ticks back to where they have resided all day, maybe someone jumped the gun a little early... didn't get the memo its not 2:45 yet.
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Post by ccash04 on Sept 22, 2010 13:43:07 GMT -5
It would be great if this was all the pullback the market gives before another leg up to 1175 now that we know assets will be inflated market should follow suit.
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Post by Rich on Sept 22, 2010 13:44:03 GMT -5
Well, It does look as if 1131 is safe for today.
Now, do you buy it?
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Post by ccash04 on Sept 22, 2010 13:48:22 GMT -5
Well, It does look as if 1131 is safe for today. Now, do you buy it? I think you buy and just be sure to own puts to protect your position. We rise until QE 2.0.
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Post by Rich on Sept 22, 2010 13:48:55 GMT -5
The VIX has been falling since 11:30 am from a HOD of 23.19 to the current 22.45 Uploaded with ImageShack.us
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Post by abdogman on Sept 22, 2010 13:49:35 GMT -5
macd just neg on 1m for xlf fas BB's narrowing on 1m for xlf fas faz xlf 14.56 on 1m
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Post by abdogman on Sept 22, 2010 13:56:44 GMT -5
BB's tight 1m xlf fas faz xlf 14.55
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