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Post by abdogman on Oct 7, 2010 9:59:48 GMT -5
As I noted on Tuesday... Kind of interesting when you look at FAS on 15 minute chart over 20 days how similar the price and MACD charts are from 9/13 thru 9/21 and 9/24 thru today - FWIW... Back then FAS dropped $3 in 2 days Thx!!!!
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Post by abdogman on Oct 7, 2010 10:07:52 GMT -5
xlf 14.71 on 1m
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Post by abdogman on Oct 7, 2010 10:27:38 GMT -5
BB range on 1m xlf for last 10 or so ....14.70-14.735
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Post by abdogman on Oct 7, 2010 10:47:35 GMT -5
BB's narrow on 1m xlf fas faz macd barely neg on 1m xlf xlf 14.71 on 1m
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Post by clearwaters on Oct 7, 2010 10:51:38 GMT -5
Thanks for all the info, guys!
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Post by abdogman on Oct 7, 2010 10:55:10 GMT -5
xlf 14.69 on 1m BB's spread some now BB range on xlf 1m 14.6844 to 14.7298
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Post by abdogman on Oct 7, 2010 10:57:28 GMT -5
Time for Dogs and Lunch .....may not be back til 1500 today.....Good Luck Gang!!!
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Post by deadmoney95 on Oct 7, 2010 11:16:49 GMT -5
Update from Carl F: beyond uber bullish. SPX1500 bullish! (crash helmets now advised) 1.bp.blogspot.com/_sL6ril9lDkw/TK3o8hj_6oI/AAAAAAAACaY/3u0zlMqXt74/s1600/101007+1130+am.jpgHere is a five point box, one box reversal point and figure chart showing 24 hour e-mini trading since the July 5 low at 1003. Above it you will find a daily chart of the e-minis. The market has recently broken above the late June and early August tops, thus completing the breakout from a head and shoulders bottom formation that I first mentioned in this post. The standard head and shoulder projection is that the rally from the right shoulder should carry as far above the neckline at 1125 as the distance from the head to the neckline. In the current situation this projects a move to 1240-50. The point and figure chart is telling the same story. I have drawn two counts I am currently tracking (horizontal green lines). Both project that this rally will continue to 1240 or so. The message is clear. New bull market highs lie ahead. In fact, I think that the S&P will move pretty close its 2007 top above the1500 level before the move up from the March 2009 low at 666 ends.
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Post by jack on Oct 7, 2010 11:51:57 GMT -5
Soooo...lemme get this right:
Today's lousey action is attributed to a better than expected Jobs report and the FEAR that this will have a negative effect on the Fed proceeding to do the quantitative easing BS(?)
Wow...what a bunch of pussy bots we have moving the Market.
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Post by brosin on Oct 7, 2010 11:58:23 GMT -5
This is odd...Fins are strong. I must be mistaken. It can't be. Was thinking along similar lines early this am. I think it is a reflection of the fins being the bear cave recently since everyone seemed confined to the fact that they would be market laggers. Crowded short trade?
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Post by brosin on Oct 7, 2010 12:13:07 GMT -5
AAPL has to test over $290 here shortly, doesn't it?
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Post by sp7015 on Oct 7, 2010 12:14:19 GMT -5
Look for a play on CRUS. It looks to be holding the new uptrend. It will probabley go higher by the end of the day. You can either swing trade it or buy Nov $16 or Nov $17 calls for a run into earnings. Uploaded with ImageShack.usUploaded with ImageShack.us
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Post by brosin on Oct 7, 2010 12:21:55 GMT -5
Thanks SP - I had forgotten that I wanted to get in.
Just grabbed some in my big cap account (a little smaller than the $4B mkt cap i like in there, but oh well) @ $16.03.
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Post by sp7015 on Oct 7, 2010 12:25:51 GMT -5
AAPL has to test over $290 here shortly, doesn't it? I haven't been able to be on that much today because I am really busy at work. In my opinion they are decaying the weekly options and you will not see aapl go over $290 for a long period of time this week. Look at the $290 weekly's that are down 21.57%. The $280's are down 1%. If you want to be risky and capitalize on the options decay you could write a spread $280-$290 weekly's. You would make money as long as aapl closes above 287.7 on friday. Normally this would be a low risk play but with the employment number coming out I would stay away from doing that. I bet MM's are writing those spreads and that is why you won't see aapl close over $290 on Friday.
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Post by brosin on Oct 7, 2010 12:29:08 GMT -5
Hmm interesting take - thanks I'll keep that in mind. It will probably mainly depend on the market I would think.
I love the ITM weeklies - there is essentially no premium! Right now I'm sitting calmly as can be in the $280s which only have about .10 of premium. Can't decay me, can only lost intrinsic value!
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Post by deadmoney95 on Oct 7, 2010 13:06:40 GMT -5
ukarlewitz ukarlewitz A very very high tick right here: +1300. Easily the highest in 10 days. Should see a retrace of last move but let it run 1st. $SPY $QQQQ
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Post by abdogman on Oct 7, 2010 13:51:30 GMT -5
macd neg since 1425EDT on 1m xlf fas BB range on 1m xlf 14.6474-14.6891 BB's spreading slowly now and xlf fas on lower band xlf 14.65 on 1m
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Post by abdogman on Oct 7, 2010 14:02:38 GMT -5
macd + on 1m for xlf fas since 1455EDT xlf 14.67 on 1m
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Post by abdogman on Oct 7, 2010 14:14:34 GMT -5
macd just went neg on 1m xlf fas BB's narrowing slowly xlf on 1m 14.66
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Post by abdogman on Oct 7, 2010 14:28:33 GMT -5
macd waffling over last 15 m on 1m xlf fas BB's range on 1m xlf 14.6577-14.6844 on 1m xlf 14.66 on 1m
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Post by abdogman on Oct 7, 2010 14:31:38 GMT -5
BB's spreading now on 1m xlf fas faz macd neg on 1m xlf fas xlf 14.65 on 1m
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Post by abdogman on Oct 7, 2010 14:35:36 GMT -5
BB's spreading now on 1m xlf fas faz macd neg on 1m xlf fas xlf 14.65 on 1m gotta take time out back in 10
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Post by brosin on Oct 7, 2010 14:37:54 GMT -5
I like the looks of this move here - Matt is that you?
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Post by abdogman on Oct 7, 2010 14:43:53 GMT -5
macd + on 1m xlf fas BB's wide on above xlf 14.69 on 1m
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Post by actuarynomore on Oct 7, 2010 14:51:53 GMT -5
Something going on with YRCWD?
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Post by abdogman on Oct 7, 2010 14:54:04 GMT -5
macd neg now on 1m xlf fas xlf 14.68 on 1m
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Post by abdogman on Oct 7, 2010 14:55:28 GMT -5
xlf 14.66 on 1m
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Post by abdogman on Oct 7, 2010 14:59:55 GMT -5
Good Evening Gang....Thx for the Input.....see ya in the AM!!!!
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Post by elle on Oct 7, 2010 15:34:53 GMT -5
allo, all gone I s'pose
checking in, $$$ flos positive 2 days in a row now
lalalala-lalalala-hey, hey, hey, hey
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Post by deadmoney95 on Oct 7, 2010 15:54:48 GMT -5
e!
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