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Post by abdogman on Sept 28, 2010 11:14:13 GMT -5
Ab, mau mau made me think of a card game I used to play. Is that what it's from? No...its from a 50 's rock and roll song the Surfin Bird is the song title......I corrupted it a little...LOL
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Post by cashfilly on Sept 28, 2010 11:15:29 GMT -5
Thanks Brosin...ok... Hope u all r trading great today... Grabbed the long side after the dt...3 candle theory... Holding drn, tna, and fas....
Go get 'em everyone! This much neg. News and a green market... It never ceases to amaze me!
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Post by cashfilly on Sept 28, 2010 11:19:01 GMT -5
U all prolly already know this, but just watching the dollar (uup) to signal switch...
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Post by brosin on Sept 28, 2010 12:57:20 GMT -5
Quite the reversal on the VIX today
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Post by ukarlewitz on Sept 28, 2010 13:07:01 GMT -5
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Post by abdogman on Sept 28, 2010 13:25:23 GMT -5
xlf 14.425 on 1m Bb's spreading and xlf fas on lower band macd neg for some time on xlf fas
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Post by brosin on Sept 28, 2010 13:26:46 GMT -5
thanks UK
from that article:
"And even more amazing: Up to now (144 potential occurrences/trades), the SPY was always trading at a higher level 3 month later (latest), but on 9 out of every 10 occurrences (or 89.63% of the time) already 1 month later, significantly better than the respective benchmark’s probability (or random chance) for trading at a higher level 1 (60.13% of the time) and 3 (58.67% of the time) month later.
Conclusions:
Although with respect to those session where the FED’s Permanent Open Market Operation occurred no significant end-of-day edge will be provided, FED’s Permanent Open Market Operations accumulated ( e.g. at least 9 during the last 20 sessions) historically had remarkable and statistically significant positive implications with respect to the market’s short- (e.g. at least one higher close over the course of the then following 10 sessions) and intermediate term performance looking 1, 2 and 3 month ahead (trading higher 3 month later on all of those 144 potential occurrences/trades).
This could very well be a reason for the market’s above-average month-to-date performance despite a couple of (negative) seasonalites (e.g. the historical negative week immediately following September’s triple witching) and setups (e.g. the down-day immediately following the Labor Day exchange holiday).
This signal had been triggered on close of Friday, September 14 and will be triggered during any of the following sessions until the running count of the FED’s Permanent Open Market Operations accumulated during the then recent last 20 sessions closes below 9. With the FED’s Tentative Outright Treasury Operations Schedule showing 2 additional POMO days at the end of September and at the beginning of October, the running count will not fall below 9 for the forseeable future."
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Post by abdogman on Sept 28, 2010 13:30:25 GMT -5
xlf 14.39 on 1m
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Post by abdogman on Sept 28, 2010 13:44:11 GMT -5
xlf 14.37 on 1m
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Post by abdogman on Sept 28, 2010 13:59:18 GMT -5
macd has been pos last 7 mins on 1m for xlf fas BB's narrowing slowly on 1m xlf fas faz xlf 14.38 on 1m
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Post by abdogman on Sept 28, 2010 14:02:51 GMT -5
BB's on uup 1m closing to tight now
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Post by ukarlewitz on Sept 28, 2010 14:05:21 GMT -5
Interesting that VXX is now back below the late April low that marked the SPX top. Hero trade of the week right here!
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Post by abdogman on Sept 28, 2010 14:11:33 GMT -5
BB's starting to spread xlf fas on top band
xlf at 14.395 on 1m
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Post by abdogman on Sept 28, 2010 14:13:35 GMT -5
BB's spreading on uup 1m now and it is lower
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Post by abdogman on Sept 28, 2010 14:14:58 GMT -5
xlf 14.41 on 1m
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Post by abdogman on Sept 28, 2010 14:18:46 GMT -5
xlf 14.43 on 1m
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Post by abdogman on Sept 28, 2010 14:19:59 GMT -5
gotta take break back asap
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Post by ccash04 on Sept 28, 2010 14:26:48 GMT -5
Interesting that VXX is now back below the late April low that marked the SPX top. Hero trade of the week right here! VXX certainly is a hero trade as its all or nothing, market has to tank for it to make money as a slow grind down doesn't do much b/c volatility has to spike. I'd lump it in the same company as a APWR or MU ;D Now SPY puts.. those are interesting maybe some vega expansion
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Post by ccash04 on Sept 28, 2010 14:28:57 GMT -5
Also check SPX charts looks very similar to last time we hit 1130 and couldn't get thru, I say its important to get thru 1150 or risk going back down towards 1100. Better to take out the overhang level than wait for some excuse for the bots to hit the sell button.
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Post by abdogman on Sept 28, 2010 14:35:42 GMT -5
macd pos on 1m xlf fas now xlf 14.46 on 1m BB's spreading and xlf fas on top band
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Post by abdogman on Sept 28, 2010 14:41:58 GMT -5
xlf 14.48 on 1m
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Post by ccash04 on Sept 28, 2010 14:42:10 GMT -5
I think I'm going to take it easy the next couple of days.. don't like what's going on in AAPL, or any of the big 4 (NFLX, AMZN, BIDU, AAPL). If you look at the 1 min charts you will find huge spikes in price/volume.. Seemingly someone is testing how to flash crash 25% of the nasdaq... This morning made no sense and I watched the B/A spreads on those names just blow up..
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Post by abdogman on Sept 28, 2010 14:49:23 GMT -5
xlf 14.49 on 1m
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Post by abdogman on Sept 28, 2010 14:50:48 GMT -5
xlf 14.51 on 1m
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Post by ccash04 on Sept 28, 2010 14:52:14 GMT -5
Looks like its up to tomorrow to see if we can either gap over 1150 or get over it.. I say we gap over it and trap any bulls (or anyone who still is in this market then crash it)
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Post by abdogman on Sept 28, 2010 14:56:37 GMT -5
macd just went neg on 1m xlf fas xlf 14.50 on 1m
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Post by abdogman on Sept 28, 2010 14:58:20 GMT -5
xlf 14.48 on 1m
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Post by abdogman on Sept 28, 2010 14:59:37 GMT -5
Good Evening Gang.....Thx for the Input.......see ya in the AM!
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