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Post by elle on Oct 12, 2010 12:55:23 GMT -5
that sure was a sad little pullback, was hoping to buy back my other half, news better be good
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Post by elle on Oct 12, 2010 12:56:11 GMT -5
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Post by abdogman on Oct 12, 2010 12:58:19 GMT -5
macd neg now on 1m xlf fas xlf 14.715 on 1m
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Post by abdogman on Oct 12, 2010 13:03:21 GMT -5
macd back + on 1m xlf fas xlf 14.74 on 1m
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Post by abdogman on Oct 12, 2010 13:09:14 GMT -5
Fomc BReifing .com comments (last of several)
In light of the considerable uncertainty about the current trajectory for the economy, some members saw merit in accumulating further information before reaching a decision about providing additional monetary stimulus. In addition, members wanted to consider further the most effective framework for calibrating and communicating any additional steps to provide such stimulus. Several members noted that unless the pace of economic recovery strengthened or underlying inflation moved back toward a level consistent with the Committee's mandate, they would consider it appropriate to take action soon... With respect to the statement to be released following the meeting, members agreed that it was appropriate to adjust the statement to make it clear that underlying inflation had been running below levels that the Committee judged to be consistent with its mandate for maximum employment and price stability, in part to help anchor inflation expectations. Nearly all members agreed that the statement should reiterate the expectation that economic conditions were likely to warrant exceptionally low levels of the federal funds rate for an extended period. One member, however, believed that continuing to communicate that expectation in the Committee's statement would create conditions that could lead to macroeconomic and financial imbalances. Members generally thought that the statement should note that the Committee was prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate. Such an indication accorded with the members' sense that such accommodation may be appropriate before long, but also made clear that any decisions would depend upon future information about the economic situation and outlook.
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Post by abdogman on Oct 12, 2010 13:10:05 GMT -5
xlf 14.75 on 1m
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Post by abdogman on Oct 12, 2010 13:12:10 GMT -5
xlf 14.78 on 1m
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Post by brosin on Oct 12, 2010 13:12:32 GMT -5
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Post by deadmoney95 on Oct 12, 2010 13:14:59 GMT -5
UK: Wow. +1360 tick. Very high. Highest in more than 10 days. $SPY popped to 116.9 (yesterday's high). Careful.
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Post by ask2lern on Oct 12, 2010 13:15:02 GMT -5
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Post by brosin on Oct 12, 2010 13:17:02 GMT -5
I don't think it does - I stand by my stance that if the market truly believed QE were possible/probable, that would be interpretted as a bad thing and the market would test the Fed into seeing if they would actually do it (i.e. we would've had the bottom fall out). The market moves - the news tries to find the reason. That's all people can come up with, but I find it very hard to swallow the logic.
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Post by ccash04 on Oct 12, 2010 13:17:13 GMT -5
Fedamentals i mean fundamentals.
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Post by brosin on Oct 12, 2010 13:18:12 GMT -5
paper world, sold half 2/3 of my FAS @ $22.92, letting the rest ride. it has had a huge day for me (entered last portion this am at $22.30..)
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Post by abdogman on Oct 12, 2010 13:18:26 GMT -5
xlf 14.80 on 1m
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Post by ccash04 on Oct 12, 2010 13:18:28 GMT -5
Sold AAPL puts for gain of +1.00! Jk sold for loss of .30 lol
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Post by elle on Oct 12, 2010 13:19:49 GMT -5
i think we head back to green territory at some point here today, or at least try to make it close Brosin the Magnificent
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Post by brosin on Oct 12, 2010 13:21:32 GMT -5
sold 60% of my AAPL $280 calls from yest for 12%
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Post by abdogman on Oct 12, 2010 13:21:42 GMT -5
macd now neg on 1m xlf BB's narrowing on 1m xlf fas faz xlf 14.77 on 1m
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Post by ask2lern on Oct 12, 2010 13:23:40 GMT -5
From stocktwits
ukarlewitz After a very high tick, the indices will continue to run/consolidate 30' or so But high tick often taps out buying Reverse on low tick $SPY
.............GLTA
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Post by brosin on Oct 12, 2010 13:26:54 GMT -5
paper scalps - bought back 1/2 the FAS shares just sold, 22.84
AAPL calls didn't drop enough yet, almost grabbed some of those back too
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Post by abdogman on Oct 12, 2010 13:29:10 GMT -5
BB's narrowing on 1m xlf fas faz xlf 14.76 on 1m macd still neg on 1m xlf fas
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Post by ask2lern on Oct 12, 2010 13:29:29 GMT -5
Still holding..........................my current SPY #'s are S 116.59 PP 116.81 R 116.96.............GLTA
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Post by ccash04 on Oct 12, 2010 13:32:08 GMT -5
Short the GOOG 520 2:1 ratio calendar put spread net debit of .20 on 8/4 contracts.
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Post by abdogman on Oct 12, 2010 13:34:40 GMT -5
xlf 14.7225 on 1m BB's on 1m xlf fas faz spreading now xlf 14.74 on 1m
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Post by brosin on Oct 12, 2010 13:36:19 GMT -5
paper scalps - bought back 1/2 the FAS shares just sold, 22.84 AAPL calls didn't drop enough yet, almost grabbed some of those back too bought back other 1/2 of FAS $22.75 and all AAPL calls I had sold $16.90 let's see - as reminder, all paper trades only
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Post by elle on Oct 12, 2010 13:38:11 GMT -5
iwm in danger breaking i/d r/wedge
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Post by elle on Oct 12, 2010 13:39:00 GMT -5
Still holding..........................my current SPY #'s are S 116.59 PP 116.81 R 116.96.............GLTA here you are, Ask, now what?
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Post by abdogman on Oct 12, 2010 13:43:00 GMT -5
1.6 mil share green candle last min on 1m xlf macd just over the line + xlf 14.769 on 1m
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Post by elle on Oct 12, 2010 13:43:38 GMT -5
that choke was SO good!!! better than fotolias anyday - mucked up my paws in the olive oil, so shower alert! crazy buy/sells in, not playing around in the middle here, see you at the close
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Post by ask2lern on Oct 12, 2010 13:44:56 GMT -5
Still holding..........................my current SPY #'s are S 116.59 PP 116.81 R 116.96.............GLTA here you are, Ask, now what? Well now its all changed........... S 116.44 PP 116.73 R 116.97......................GL
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