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Post by jack on Aug 18, 2010 12:02:14 GMT -5
Jobless Claims Report tomorrow...the close may be faded because of that...
(Did I say that right?)
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Post by elle on Aug 18, 2010 12:04:26 GMT -5
iwm fib 23.6 from april hi, this has been the mid-point we hawe zig-zagged abowe and below for 3 mos.
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Post by cashfilly on Aug 18, 2010 12:08:05 GMT -5
Yesterdays high on fas is 23.78....need to reach a higher high....14.26 is only r1.... We could break 1100 today
Just an opinion...and then we need to hold that...
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Post by Dualism on Aug 18, 2010 12:08:25 GMT -5
Jobless Claims Report tomorrow...the close may be faded because of that... (Did I say that right?) I think the Leading Economic Indicator, LEI, is going to be closely watched too. It is more forward looking and it has been negative the last 2 months. A positive LEI may do much to lift the market mood. |
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Post by jack on Aug 18, 2010 12:14:53 GMT -5
Yesterdays high on fas is 23.78....need to reach a higher high....14.26 is only r1.... We could break 1100 today Just an opinion...and then we need to hold that... OKay! Its 20.79 now: CLOSE THE MKT!! |
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Post by sloop on Aug 18, 2010 12:16:36 GMT -5
FAS had a nice little run there
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Post by jack on Aug 18, 2010 12:17:54 GMT -5
I gotta get some lunch...
Geez...that "Rule of 3" thing sometimes works pretty good.
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Post by sloop on Aug 18, 2010 12:18:57 GMT -5
Whats the rule of 3?
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Post by ukarlewitz on Aug 18, 2010 12:24:40 GMT -5
Interesting that steel up on an X takeover rumor (ArcelorMittal) on the heels of yesterday's POT deal. Attractive equity valuations and healthy b/s are bringing out buyers. If you can't grow the top line organically you can grow the bottom line through synergies.
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Post by jack on Aug 18, 2010 12:43:31 GMT -5
As a general rule: There's a tendency on the 10min chart for the candles in an upward move to go up w/ 3 greenies...and take a breather before resuming upward or collapse. And I suppose the converse is true on a downward trend. Cashfilly correct me if I'm wrong Back now on the R1...feels like it should be 4pm! LOL!!! |
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Post by ccash04 on Aug 18, 2010 12:47:06 GMT -5
Interesting that steel up on an X takeover rumor (ArcelorMittal) on the heels of yesterday's POT deal. Attractive equity valuations and healthy b/s are bringing out buyers. If you can't grow the top line organically you can grow the bottom line through synergies. It would be great if any of these rumors were true.. Great timing though, gotta hand it to them for that. |
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Post by sloop on Aug 18, 2010 12:49:05 GMT -5
thats 30 min. of running up. what about that big move?
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Post by ukarlewitz on Aug 18, 2010 12:50:28 GMT -5
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Post by sp7015 on Aug 18, 2010 12:51:40 GMT -5
Holy cow. you step away for lunch and the market is up 50 pts.
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Post by jack on Aug 18, 2010 12:53:23 GMT -5
thats 30 min. of running up. what about that big move? Nuthin's sacrosanct here as you know. In a BIG MOVE you are allowed to take a nap! ;D |
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Post by jack on Aug 18, 2010 12:56:43 GMT -5
Macd's rolling over on SPY, GS, JPM & XLF
VIX moving up
Euro on downswing
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Post by ukarlewitz on Aug 18, 2010 12:57:18 GMT -5
Unfortunately, there are regulatory issues wrt to an X acquisition. But Aks is a niche player. It is also subject to these rumors but I think it will be acquired at some point. Price:cash and PBV too cheap and the need to realize synergies in the industry too strong.
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Post by sp7015 on Aug 18, 2010 12:58:16 GMT -5
Jobless Claims Report tomorrow...the close may be faded because of that... (Did I say that right?) I think you are spot on jack |
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Post by jack on Aug 18, 2010 12:58:56 GMT -5
Holy cow. you step away for lunch and the market is up 50 pts. Leftover chicken curry from the local Hunan Rest with 15 cut up cherry tomatoes (they are still comin' out the whazoo...and the cherries were all volunteers from dropped seeds last year!) ;D |
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Post by jack on Aug 18, 2010 13:00:34 GMT -5
Jobless Claims Report tomorrow...the close may be faded because of that... (Did I say that right?) I think you are spot on jack Watch Mr Mkt prove it wrong now and it'll be the 3rd green candle up nopw!!! Whahoooo! |
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Post by cashfilly on Aug 18, 2010 13:01:16 GMT -5
I'm with u Cosmic...what a day! Gotta luv Opex!
3's. Works on 10 min and even 15 minute those r usually big moves.... I like the trend for a daily chart too...in also like the tails and dt's on a daily...TNA a relatively recent move upward consisted of three dt's in a row before topping out...
Looks like consolidation before next move...R1 being approx yesterday's high...now I'm going to use the dollar and vix for major tells...the trick is if there isn't any major profit taking before the close with all the data tomorrow...aren't we due for some good news? Lending is up...M&A is taking place...we need all the catalysts we can come up with... My favorite...sorry UK...but I think the taxes will not undergo an increase for all levels and cap gains remain the same as the dem's go for one last ditch effort to hold the house and senate... That would give the bulls some real fuel...not to mention fuel of certainty for the economy...
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Post by jack on Aug 18, 2010 13:02:16 GMT -5
Macd's reversed course this sumbitch is going for SPX 1100!
Fat chance...neg ticks now
Euro losing/VIX on the rise
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Post by Dualism on Aug 18, 2010 13:02:46 GMT -5
The chasing after bond prices has been somewhat universal. Japan, Germany, SKorea, the US all went nutso, while gold has been rising.   Uploaded with ImageShack.us |
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Post by jack on Aug 18, 2010 13:19:13 GMT -5
Parabolic now over the 10min FAS last 2 candles.
...hope y'all can forgive my earlier "irrational exuberance". Tomatoes apparently have that kind of affect on me.
: )
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Post by cashfilly on Aug 18, 2010 13:22:38 GMT -5
Note: erx and uym up 1.00 off their lod...
Trying long on dt ... Might be too early but ....it was dt's on previous tick...
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Post by jack on Aug 18, 2010 13:28:20 GMT -5
Note: erx and uym up 1.00 off their lod... Trying long on dt ... Might be too early but ....it was dt's on previous tick... Nice call Cash! DANG! |
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Post by Dualism on Aug 18, 2010 13:30:04 GMT -5
The earlier in the day UST rally is being rejected.
Equities may finish strongly.
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Post by jack on Aug 18, 2010 13:36:21 GMT -5
Euro trading water... losing value
VIX moving up
...and macd's all sucky on the 5min
and even worse just had the worst tick -800 a little while ago. I hate those negative ticks - can't Commodity send them to a Tony Robbins seminar or something?
;D
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Post by cashfilly on Aug 18, 2010 13:37:47 GMT -5
Don't speak too soon Jack....I'm hanging by a thread here... Not stopped out yet but have that crash and burn feeling...
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Post by jack on Aug 18, 2010 13:42:20 GMT -5
VIX descending/Euro rising (sorta...or it was a minute ago)
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