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Post by abdogman on Oct 13, 2010 9:22:18 GMT -5
xlf 14.883 on 1m
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Post by abdogman on Oct 13, 2010 9:25:04 GMT -5
macd on 1m xlf fas back to 0/0 xlf 14.91 on 1m
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Post by abdogman on Oct 13, 2010 9:38:51 GMT -5
macd + on 1m xlf fas xlf 14.93 on 1m BB'range on 1m xlf 14.9468-14.8831
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Post by abdogman on Oct 13, 2010 9:42:45 GMT -5
BB's narrowing on 1m xlf macd now neg on 1m xlf fas xlf 14.91 on 1m
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Post by ask2lern on Oct 13, 2010 9:55:14 GMT -5
My current SPY #'s S 117.74 PP 117.83 R 117.99 ......................no new position holding SPY PUTs from yeaterday ............................GLTA
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Post by abdogman on Oct 13, 2010 9:56:10 GMT -5
macd + on 1m xlf fas for last 3 mins BB's spreading now on 1m xlf fas xlf 14.95 on 1m
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Post by deadmoney95 on Oct 13, 2010 9:58:16 GMT -5
Carl F advising caution: 4.bp.blogspot.com/_sL6ril9lDkw/TLXFC5Wp_2I/AAAAAAAACao/0tcCkf2xGBU/s1600/101013+1040+am.jpgHere is a 30 minute bar chart showing 24 hour trading in the e-minis. I last commented on this chart here. The market is nearing the top of the green trend channel and should enter the green oval today or tomorrow (1181 or so). After that a drop that matches the last reaction - about 18 points (blue rectangles) should develop and find support at the confluence of the lower trend channel line and support provided by two tops near 1164 (green dash line). I think there is reason to anticipate a bigger reaction than 18 points, though. First of all, a rally from the August 25 low at 1037 that matched the size of the initial rally off of the July 5 low at 1003 would have carried the ES to 1062, a level that so far has been exceeded by 13 points. Of even more importance is the fact that the May 13 top in the June '10 e-minis was 1074.75. Thus we have two resistance levels nearby, either one of which could easily produce a 30-40 point break. But the technical condition is more dangerous than that. On my chart page you can see that the 5 and 10 day moving averages of advancing issues are both showing bearish divergences for the move up from the August 25 low. This by itself wouldn't mean that the market is about to break, but the fact that is occurs near strong resistance makes these bearish divergences significant. My best guess is that the first break from 1181 will be followed by a slightly higher high, perhaps 1190 or so. But I also think we are entering a sideways period that will include at least one drop of 30-40 points lasting 5-6 trading days. Such a correction would end at moderate oversold levels on the 5 and 10 day advancing issues oscillators. It would be a prelude to a decisive move above the April top at 1216.
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Post by jack on Oct 13, 2010 10:00:01 GMT -5
DANG!!!!!!!!!!!!!!!!!!!!!!!! CNL jumping to 7.24 on 152K vol now! Washing machine a direct drive - no belt - craps! CNL 7.32 on 242K vol guess I shoulda bought more yest at 6.75...
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Post by brosin on Oct 13, 2010 10:03:58 GMT -5
That's awesome Jack!
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Post by brosin on Oct 13, 2010 10:08:06 GMT -5
Ladies and Gentleman
Welcome to the 1180s
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Post by abdogman on Oct 13, 2010 10:08:24 GMT -5
xlf 14.98 on 1m
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Post by jack on Oct 13, 2010 10:09:39 GMT -5
You dunno the half of it Bros! Its going to at least 15 if not 25 when a major miner such as Anglo-Gold Ashanti makes a buy-out offer. In the immortal words of Joe Tradershmuck: "Mark this Post!" lol!!!
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Post by abdogman on Oct 13, 2010 10:11:38 GMT -5
xlf 15.00 on 1m
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Post by brosin on Oct 13, 2010 10:11:50 GMT -5
LOL !!
Sounds like you have 'parrot rubbing poupon on nipples' type exhuberance for CNL!
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Post by ukarlewitz on Oct 13, 2010 10:16:33 GMT -5
This is a very good post, esp for those complaining about HFT/GS/vanilla g-men/Geitner/the beard etc etc. www.kirkreport.com/2010/10/13/lifes-not-fair-get-over-it/Good post from Carl, I thought. Also noticed the NYMO divergence. And Vix doing something it has never done in the past 3 years. My balls are not big enough to add to longs here but I wouldn't short it either. Yes, I'm lame-o!
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Post by abdogman on Oct 13, 2010 10:16:48 GMT -5
macd neg now on 1m xlf fas xlf 14.98 on 1m
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Post by ukarlewitz on Oct 13, 2010 10:20:59 GMT -5
HamzeiAnalytics remember HA-100 Put/Call closed at 0.10 yesterday (insanely bullish sentiment) TheKirkReport Only 3% of retail traders polled believe that the US dollar $UUP will appreciate (Trader's Narrative) bit.ly/c2LWTx $$ (insanely bearish sentiment)
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Post by abdogman on Oct 13, 2010 10:26:36 GMT -5
xlf 14.96 on 1m
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Post by abdogman on Oct 13, 2010 10:30:54 GMT -5
BB's spreading on 1m xlf fas faz 1m xlf fas on bottom band xlf 14.9405 on 1m
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Post by jack on Oct 13, 2010 10:33:30 GMT -5
Elle!!!
Our TSO went green!!! Up +5% today : )
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Post by ccash04 on Oct 13, 2010 10:42:32 GMT -5
This is how you lose money w/o even knowing it.
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Post by abdogman on Oct 13, 2010 10:46:52 GMT -5
time for Dogs and Lunch ....back as usual .....GLTA!!
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Post by jack on Oct 13, 2010 10:49:41 GMT -5
LOL !! Sounds like you have 'parrot rubbing poupon on nipples' type exhuberance for CNL! CNL 7.38 on 372K vol
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Post by jack on Oct 13, 2010 10:53:10 GMT -5
This is how you lose money w/o even knowing it. That's why the super rich are now buying gold bullion in significant quantities.
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Post by jack on Oct 13, 2010 11:00:38 GMT -5
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Post by brosin on Oct 13, 2010 11:10:02 GMT -5
lol Jack - my APWR is only down 35% now but that's ok I guess it was always a 5-10 year play! haha
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Post by jack on Oct 13, 2010 11:36:31 GMT -5
lol Jack - my APWR is only down 35% now but that's ok I guess it was always a 5-10 year play! haha I took the 33% loss - couldn't justify keeping it when there's a CNL double in play. ;D
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Post by jack on Oct 13, 2010 11:40:29 GMT -5
This is how you lose money w/o even knowing it. That's why the super rich are now buying gold bullion in significant quantities. A2L, I noticed you liked my comment. I heard that from a neighbor who used to be the Rockefeller's Chief Landscape Architect. He said he read about this (where the super rich are now putting their dough) somewhere. You are in the business - can you substantiate it based on your experience lately?
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Post by brosin on Oct 13, 2010 11:41:30 GMT -5
I hear ya - wish I had waited longer but I'm still stunned APWR got as cheap as it did; i did tell Timber i thought APWR at $40/50 in 5 years was in my sights and that i was hoping for even better than that, so I better just wait it out lol
gold scares the crap out of me, but i know not many would agree
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Post by brosin on Oct 13, 2010 11:43:28 GMT -5
was just thinking about it, the only gold exposure i have is through FCX - and I played it mainly as a copper play more than gold with my 2 entries in 2009. thinking back to being able to buy FCX in the teens is truly remarkable.
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