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Post by kryptos2009 on Oct 14, 2010 9:21:18 GMT -5
Gang,
Sorry I couldn't provide the PP's today.
Urgent roadtrip, no access to the system with the application on it to run them today.
Will be out for the next few days.
GLTA
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Post by ask2lern on Oct 14, 2010 9:23:17 GMT -5
SPY 117.81 seems to have some overhang today and currently is the # I am watching.............solid move above that holds for a few minutes we could go green IMO.......................Sold out SPY NOV PUTS ++18% no position currently but have had an order for SPY OCT 117 Calls @ .92 when SPY was around 117.50 that got real close but no fill................will be watching close so no position for now........................GL
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Post by ask2lern on Oct 14, 2010 9:23:54 GMT -5
Gang, Sorry I couldn't provide the PP's today.
Urgent roadtrip, no access to the system with the application on it to run them today.
Will be out for the next few days.
GLTA No prob I will get things going.................hope things are well............GL
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Post by abdogman on Oct 14, 2010 9:29:18 GMT -5
Gang, Sorry I couldn't provide the PP's today.
Urgent roadtrip, no access to the system with the application on it to run them today.
Will be out for the next few days.
GLTA No Problem Krypt.....Gotta do what ya Gotta Do!! Good Luck!
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Post by abdogman on Oct 14, 2010 9:35:51 GMT -5
BB's narrowing slightly macd stil + on 1m xlf fas xlf 14.66 on 1m
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Post by abdogman on Oct 14, 2010 9:39:30 GMT -5
BB's spreading now on 1m xlf fas faz 1m xlf fas on top band xlf 14.69 on 1m
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Post by abdogman on Oct 14, 2010 9:54:06 GMT -5
MACD neg now on 1m xlf fas BB's narrowing on 1m xlf fas faz xlf 14.68 on 1m
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Post by abdogman on Oct 14, 2010 9:58:08 GMT -5
Petroleum Stats at 1100EDT
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Post by abdogman on Oct 14, 2010 10:01:35 GMT -5
1100EDT briefing .com
Dept of Energy reports that:
•Crude oil inventories had a draw of 416K (consensus is a build of 1450K) •Gasoline inventories had a draw of 1769K (consensus is a draw of 1500K) •Distillate inventories had a draw of 255K (consensus is a draw of 1150K)
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Post by abdogman on Oct 14, 2010 10:03:54 GMT -5
Bb's have spread over last 10m or so on 1m xlf fas faz macd on 1m xlf fas is neg xlf 14.64 on 1m
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Post by ask2lern on Oct 14, 2010 10:11:07 GMT -5
Spy altough it did get above the 117.81 for a bit to me it is still a # to watch...................my DT pivots have 117.86 as the PP S LOD R 118.28......................I am back in NOV 117 PUTS @ 2.36..............will be off for now.................GLTA
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Post by deadmoney95 on Oct 14, 2010 10:12:49 GMT -5
Carl F looking ahead: carlfutia.blogspot.com/2010/10/three-peaks-and-domed-house-redux.htmlI last discussed George Lindsay's Three Peaks and a Domed House formation in this previous post. Since then a new point 14 has developed. You can see how I have relabeled the formation with its new point 14 - the August 25 low - in the daily chart of the Dow above. The schematic below the Dow chart locates the market within the entire formation. A breakout above point 7 is due soon. The top of the domed house, usually the end of the bull market, is due 7 months and 10 days after point 14. This project to roughly April 6, 2011 by my calculations. A top then would also be a little more than 2 years after the start of the bull market in March 2009. This is the time span of one of Linday's basic advances and this reinforces the expectation of a bull market top in April 2011. The entire corrective move since April 2010 looks like a classic Lindsay middle section which we later can use to apply the Lindsay counts from the middle section. But these counts are really only useful for predicting the date of the next bear market low and can't be produced until we see where and when the bull market high is established.
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Post by abdogman on Oct 14, 2010 10:17:27 GMT -5
xlf 14.62 on 1m
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Post by abdogman on Oct 14, 2010 10:26:39 GMT -5
xlf 14.60 on 1m BB's spreading on 1m xlf fas faz xlf fas on 1m on lower band
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Post by brosin on Oct 14, 2010 10:31:42 GMT -5
2 paper buys on FAS in scalp account today @ $23 and now $22.56
i'm still expecting a strong up move today into the 1185/1190 range
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Post by abdogman on Oct 14, 2010 10:39:21 GMT -5
BB range on 1m xlf now 14.638-14.575 macd 0/0 o 1m xlf fasf faz xlf 14.58 on 1m
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Post by abdogman on Oct 14, 2010 10:46:14 GMT -5
xlf 14.57 on 1m
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Post by abdogman on Oct 14, 2010 10:47:33 GMT -5
xlf 14.555 on 1m
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Post by brosin on Oct 14, 2010 10:51:32 GMT -5
oops make that 2 poor entries today
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Post by abdogman on Oct 14, 2010 10:56:53 GMT -5
macd back + last 5m on 1m xlf fas xlf 14.57 on 1m
********************************
Dogs and Lunch .....back as usual !! Good LUCK!
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Post by brosin on Oct 14, 2010 11:03:13 GMT -5
TICKs got pretty bearish for awhile although didn't see any -1000 or less
now seem to be stabilizing a bit
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Post by ask2lern on Oct 14, 2010 11:10:15 GMT -5
I now have 117.41 as a key level..................if it fails for a few minutes I think lower..................current SPY #'s I have are S117.41 PP 117.65 R 118.10..................still holding PUTS.....GLTA
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Post by ask2lern on Oct 14, 2010 11:15:25 GMT -5
Since these dips are generally very short I thought I would share a moment of joy for the bears................ ;D It is actually considered a "fine art" piece by some scuplturer............... Uploaded with ImageShack.us
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Post by brosin on Oct 14, 2010 11:16:17 GMT -5
LOL
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Post by Rich on Oct 14, 2010 11:18:38 GMT -5
I sold my shorts here, maybe too soon, but I think we bounce soon.
watching....
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Post by ask2lern on Oct 14, 2010 11:23:05 GMT -5
So yesterday they kill the puts and now the calls.......................gotta love opex................GL
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Post by deadmoney95 on Oct 14, 2010 11:23:22 GMT -5
Carl something of a chatty cathy today:
I normally don't talk about economic considerations on this blog. But the current situation calls for a few words.
Six months ago there was hope that fiscal policy - government spending - would pull the U.S. (and the world) out of the recession. At the time various Federal Reserve governors were giving speeches which indicated that the Fed would soon start contracting its balance sheet and withdraw liquidity from the U. S. and world economies.
But now it seems clear that there is no hope of any more government "stimulus" either in the U.S. or abroad. Partly for this reason the Fed Governors have started talking about adopting a price level of nominal GDP target instead of an interest rate target to guide their policies. This sort of change would mean a lot more quantitative easing ahead, liquidity injections that would continue until economic growth resumed and unemployment dropped.
More liquidity in the U.S. economy means a lower dollar and a higher - much higher- stock market. You may not agree with the Fed policy, but if it is implemented you can expect to see the dollar index at 66 (currently 77) and the S&P at 1500 (currently 1170) within the next 9 months.
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Post by brosin on Oct 14, 2010 11:26:44 GMT -5
ooh boy FAS scalp trade kicking my butt -2.55% on it right now
holding on for dear life!
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Post by Rich on Oct 14, 2010 11:27:38 GMT -5
market down...
AAPL and LVS, up.
!@#$%^&*!
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Post by ask2lern on Oct 14, 2010 11:30:02 GMT -5
Sold PUTS +17%........................probabloy done for the day the day on scalps........................GLTA
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