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Post by abdogman on Nov 4, 2010 10:01:21 GMT -5
BB's spreading on 1m xlf fas drn and they are riding the top band xlf 14.97 on 1m macd's all above +
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Post by abdogman on Nov 4, 2010 10:06:37 GMT -5
xlf 14.98 on 1m
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Post by actuarynomore on Nov 4, 2010 10:12:44 GMT -5
Elle, do you remember last time FAZ was $10+ and you were wondering if it was time to buy? I think that before they drop this thing we are going to see a massive, quick push down on the bear ETF's to an obscenely low level. That's when I plan to buy. So here's the amazing thing!!! Last time FAZ closed below $11 was on 4/14 at $10.96 - 5.6% lower than where we are now. FAS closed at $39.12 or 62% higher!!! I'm going to double check but I'm sure I've got it right.
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Post by abdogman on Nov 4, 2010 10:13:55 GMT -5
macd now neg on 1m xlf fas drn xlf 14.96 on 1m
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Post by elle on Nov 4, 2010 10:14:53 GMT -5
out C at 1212-1213
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Post by jack on Nov 4, 2010 10:14:53 GMT -5
Hey Bros!
ELON beat analyst's earning estimates - now up 14% "Yaaaay!!!"
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Post by actuarynomore on Nov 4, 2010 10:19:00 GMT -5
Elle, do you remember last time FAZ was $10+ and you were wondering if it was time to buy? I think that before they drop this thing we are going to see a massive, quick push down on the bear ETF's to an obscenely low level. That's when I plan to buy. So here's the amazing thing!!! Last time FAZ closed below $11 was on 4/14 at $10.96 - 5.6% lower than where we are now. FAS closed at $39.12 or 62% higher!!! I'm going to double check but I'm sure I've got it right. Should have added that on 4/15 we were also at: - DOW - 11,144.57
- SPX - 1,211.67
- RIFIN - 902.26
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Post by elle on Nov 4, 2010 10:24:30 GMT -5
Elle, do you remember last time FAZ was $10+ and you were wondering if it was time to buy? I think that before they drop this thing we are going to see a massive, quick push down on the bear ETF's to an obscenely low level. That's when I plan to buy. wow, faz is that low - I had thot to start buying vixx at 12. Funny how now it is way below that, finding it harder. tried to draw new C, but have to "make up" a pt to do so, would like to see b/t of old one hold
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Post by elle on Nov 4, 2010 10:31:53 GMT -5
anyone betting we put in new spx 52 wk high today?
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Post by Rich on Nov 4, 2010 10:34:38 GMT -5
good chance we roll right up to it, Elle.
Then leave us guessing for tomorrow.
add......excuse me, we have rolled right up to it!
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Post by deadmoney95 on Nov 4, 2010 10:36:30 GMT -5
ukarlewitz No +1000 high ticks and low tick is just -500 with most lows nearer -200. Issues 5:1 positive and volume 8:1 positive. Set up to grind up
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Post by abdogman on Nov 4, 2010 10:38:44 GMT -5
macd on 1m xlf and fas has been + last 3 mins on 1m macd on drn is just trying to get over 0 line xlf 14.97 on 1m
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Post by elle on Nov 4, 2010 10:42:45 GMT -5
feb fork, white line is play-out of W. who knows if this is it, the fed move major manipulation, but certainly feeling really, really cautious here. Uploaded with ImageShack.us
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Post by jack on Nov 4, 2010 10:44:57 GMT -5
ukarlewitz No +1000 high ticks and low tick is just -500 with most lows nearer -200. Issues 5:1 positive and volume 8:1 positive. Set up to grind up I dunno about you DM, but I REALLY like those "+1000 high ticks"! ;D ;D ;D (...and thanks to you and A2L for relaying the prodigal son's observations.)
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Post by elle on Nov 4, 2010 10:47:14 GMT -5
moved out of bfr for now, jrcc still trapped there from skip over stop, other than some vxx, not going to short uness we break S
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Post by abdogman on Nov 4, 2010 10:54:23 GMT -5
Good Luck Gang ......gonna do Dogs and Lunch ...back as usual
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Post by elle on Nov 4, 2010 11:00:19 GMT -5
bullish fork redraw assuming we are now in uptrend instead of sideways, I like forks, use them a lot, but they take a long time to play out and often look good in hindsight
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Post by ask2lern on Nov 4, 2010 11:03:00 GMT -5
Whistling through the grave yard I picked me up some SPY 123 PUTS @ 2.44...................here are the current SPY levels I am watching..............S 121.10 PP 121.34 R 121.45............. GLTA Well I am busier then a one legged man in a butt kicking contest today so I will be checking out.......................did add to the SPY 123 PUT position so avg is now 2.31...................here are the numbers I am watching (sort of watching would be more accurate).............S 121.47 PP 121.72 R 121.90 Will ck back later..................................GLTA
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Post by actuarynomore on Nov 4, 2010 11:13:23 GMT -5
bullish fork redraw assuming we are now in uptrend instead of sideways, I like forks, use them a lot, but they take a long time to play out and often look good in hindsight Same thing I was thinking while looking at Fib Retracement lines as well - 10 days ago, we extended above the 78.6 line on the daily and just about hit the 100 at 1219 - Where do we go then after 1219 - UFB!!!
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Post by actuarynomore on Nov 4, 2010 12:08:56 GMT -5
Actuary, I've read in two different places that the 61.8% fib retracement number is 11287 and they both suggested down, in a big way, from there. Scotturd only lets me look back 12 months on the daily so the FRL I'm looking at run from March '09 low through April '10 high (soon to be current high - ergo 100% line). If I look at FRL on weekly over 5 years, Scotturd shows 1,225. Please clarify your 11287 number
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Post by deadmoney95 on Nov 4, 2010 12:12:48 GMT -5
ukarlewitz Looking for a nice place for longer posts, go to fastopia.proboards.com Nice group of traders, dogs, squirrels and a fellow with hemorrhoids
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Post by deadmoney95 on Nov 4, 2010 12:14:27 GMT -5
ukarlewitz No +1000 high ticks and low tick is just -500 with most lows nearer -200. Issues 5:1 positive and volume 8:1 positive. Set up to grind up I dunno about you DM, but I REALLY like those "+1000 high ticks"! ;D ;D ;D ;D
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Post by clearwaters on Nov 4, 2010 12:22:37 GMT -5
" Correction waves are shorter than their corresponding with trend waves. The current ABC wave with extensions has reached a high of 11,210 in March 2010, just short of the standard .618 Fibonacci correction up of the entire wave 1 down which would be at 11,287 basis the Dow."
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Post by clearwaters on Nov 4, 2010 12:45:51 GMT -5
I would like to ask a question to everybody who thinks they might have an educated answer. Since we've had low volume lately, would this be considered a blow off top indicating that we're about to turn down?
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Post by deadmoney95 on Nov 4, 2010 12:58:10 GMT -5
I would like to ask a question to everybody who thinks they might have an educated answer. Since we've had low volume lately, would this be considered a blow off top indicating that we're about to turn down? Hardly educated, but I've read enough to at least opine that it's probably not. First, I don't think this is a big enough move today. Second, much of this move is likely a result of popped stops at 1200 following the post-QE2 boost. Third, no huge ticks from what I've seen--it's been a slow grind up from the morning gap. I associate a much bigger move, greater euphoria, and little obvious causation with what most people refer to as a blow off top. With that said, the market may now proceed to fall precipitously.
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Post by deadmoney95 on Nov 4, 2010 13:26:44 GMT -5
ukarlewitz (10 minutes ago) This, believe it or not, is the low tick of the day (-600). NYSE breadth is still 5:1 issues, 7:1 volume $SPY
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Post by brosin on Nov 4, 2010 13:27:00 GMT -5
I would like to ask a question to everybody who thinks they might have an educated answer. Since we've had low volume lately, would this be considered a blow off top indicating that we're about to turn down? I'm not sure, but I would think a blow off top necessitates high volume. That's one of the bigger reasons I don't think we're quite there yet.
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Post by abdogman on Nov 4, 2010 14:04:09 GMT -5
BB's narrowing last 5m or so on 1m xlf fas faz macd + on 1m for xlf fas and drn xlf 15.035 on 1m
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Post by abdogman on Nov 4, 2010 14:10:01 GMT -5
BB's spreading last 3m's on 1m xlf fas drn xlf fas and drn moving along top band xlf 15.05 on 1m
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Post by abdogman on Nov 4, 2010 14:13:28 GMT -5
Drn's macd neg now on 1m 1m xlf fas macd still pos xlf on 1m 15.045
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