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Post by jack on Aug 23, 2010 9:20:31 GMT -5
Good morning Elk - thanks "Short the gap ups until the 4-day EMA crosses above the 5-day EMA." ...will keep that in mind - thinking about having it put on my left arm as a tatoo actually. ;D ;D It works the other way on the long side. When the 4-day is above then 5-day, then I go long the gap downs and sell-offs. Works like a charm I figured as much which is why I was reserving space on my right forearm for that.
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Post by abdogman on Aug 23, 2010 9:22:05 GMT -5
xlf 13.83 on 1m
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Post by jack on Aug 23, 2010 9:22:38 GMT -5
Gap to be closed soon it appears...
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Post by ukarlewitz on Aug 23, 2010 9:24:08 GMT -5
Carl down on the first hit. Sold 1074.
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Post by brosin on Aug 23, 2010 9:25:12 GMT -5
For those that didn't see in chats and charts, Fed Funds went back to the recent high at .20% with a bullish move overnight - it has been painting a bullish picture lately, which makes me think last week was more opex than true price action. Let's see what happens this week though. Today and tomorrow are pretty important chart-wise I would think.
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Post by jack on Aug 23, 2010 9:28:22 GMT -5
For those that didn't see in chats and charts, Fed Funds went back to the recent high at .20% with a bullish move overnight - it has been painting a bullish picture lately, which makes me think last week was more opex than true price action. Let's see what happens this week though. Today and tomorrow are pretty important chart-wise I would think. Great potential for crappy reports all week Bros...
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Post by jack on Aug 23, 2010 9:30:12 GMT -5
VIX & $ continue to be bad actors
$ now at hod
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Post by cashfilly on Aug 23, 2010 9:30:50 GMT -5
CNBC... You have one week before closing date for 8.00 dividend payout...wcrx.... 29.00 stock...I have not checked this out...it did get a pop off the cnbc blurb.... I thought it was paid quarterly so idk...I'm not much into dividend stocks....
Elk what you say plus other comments bears merit.... I have an upward slanting trend line. It is in the lowest channel I'll permit and as long as we hold that line...I'm very cautiously ok for acquiring...that being said...I'm green on those aquitisions...and will not hold if this line is broken....as it's in an upward moving line my profits will be licked in from Friday... On open we hit the top of that channel and are now heading towards the lower end...today that would be in the 18.90 range....pretty much around fas's pivot point.... This decline is dollar driven.... I have a bad feeling inside that it's an out opportunity...but the market has to show me...the trend line needs to break...wish I could post it. We just bounced off gap fill and may retest here?.. Vix and dollar makes me think we r not in the friendliest of environments here...that being said...I am still holding tza day trade....
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Post by elkuta0380 on Aug 23, 2010 9:31:39 GMT -5
I figured as much which is why I was reserving space on my right forearm for that. Now we just need figure out what to put on your forehead and we can have a nice head and shoulders pattern ;D
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Post by cashfilly on Aug 23, 2010 9:31:49 GMT -5
This is either a dt in fas here or another leg down...
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Post by cashfilly on Aug 23, 2010 9:33:41 GMT -5
Nice fas
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Post by jack on Aug 23, 2010 9:33:45 GMT -5
d/t on the FAS 20MA "this close" to the gapfill!
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Post by jack on Aug 23, 2010 9:34:17 GMT -5
Para formed under XLF's 1min
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Post by jack on Aug 23, 2010 9:35:47 GMT -5
This is either a dt in fas here or another leg down... You beat me by 2mins seeing that...not exactly fighter jet pilot material I guess: bummer.
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Post by cashfilly on Aug 23, 2010 9:35:50 GMT -5
A quick dt?... Don't u just hate the start of a possible pivot change?
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Post by jack on Aug 23, 2010 9:38:01 GMT -5
A quick dt?... Don't u just hate the start of a possible pivot change? Not when one is in FAS @ 19.74 and its lower - LOL!!!
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Post by jack on Aug 23, 2010 9:39:27 GMT -5
I figured as much which is why I was reserving space on my right forearm for that. Now we just need figure out what to put on your forehead and we can have a nice head and shoulders pattern ;D That's funny as hell!!!
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Post by abdogman on Aug 23, 2010 9:41:30 GMT -5
xlf 13.875 on 1m vol increasing macd pos xlf fas on 1m BB's spreading on 1m xlf fas faz
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Post by cashfilly on Aug 23, 2010 9:43:28 GMT -5
Second opportunity from that gap fill... First one showed the bounce second one formed tail...now just needs to keep going....small caps are somewhat contrition here with the vix
This area on fas was an intraday pivot low for fas on the 19th. Support on the open and tough right now...
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Post by brosin on Aug 23, 2010 9:43:30 GMT -5
For those that didn't see in chats and charts, Fed Funds went back to the recent high at .20% with a bullish move overnight - it has been painting a bullish picture lately, which makes me think last week was more opex than true price action. Let's see what happens this week though. Today and tomorrow are pretty important chart-wise I would think. Great potential for crappy reports all week Bros... lol what else is new? Just pointing it out as my bias is planned accordingly unless a divergence widens.
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Post by cashfilly on Aug 23, 2010 9:46:23 GMT -5
Going lower..those bear flags are turning into lower lows
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Post by abdogman on Aug 23, 2010 9:46:52 GMT -5
macd back neg for xlf fas on 1m xlf 13.83 on 1m
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Post by jack on Aug 23, 2010 9:50:33 GMT -5
CNBC... You have one week before closing date for 8.00 dividend payout...wcrx.... 29.00 stock...I have not checked this out...it did get a pop off the cnbc blurb.... I thought it was paid quarterly so idk...I'm not much into dividend stocks.... Elk what you say plus other comments bears merit.... I have an upward slanting trend line. It is in the lowest channel I'll permit and as long as we hold that line...I'm very cautiously ok for acquiring...that being said...I'm green on those aquitisions...and will not hold if this line is broken....as it's in an upward moving line my profits will be licked in from Friday... On open we hit the top of that channel and are now heading towards the lower end...today that would be in the 18.90 range....pretty much around fas's pivot point.... This decline is dollar driven.... I have a bad feeling inside that it's an out opportunity...but the market has to show me...the trend line needs to break...wish I could post it. We just bounced off gap fill and may retest here?.. Vix and dollar makes me think we r not in the friendliest of environments here...that being said...I am still holding tza day trade.... Here's that chart fyi:
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Post by jack on Aug 23, 2010 9:54:00 GMT -5
VIX & $ killin' me...
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Post by cashfilly on Aug 23, 2010 9:54:28 GMT -5
Ok gotta run...take care all... Don't pay too much attention to my dithering right now... I'm not as "focused" as I should be...
I'll try to refrain from posting too much....HA! Trailing stop on tza....obviously sold fas and now selling everything else... Too critical too do "half-a#*". Good luck all....
Jpm and vac new loads is fas tna etc...addicting....help!!
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Post by abdogman on Aug 23, 2010 9:55:13 GMT -5
BB's spread xlf fas on lower channel on 1m xlf 13.81 on 1m
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Post by jack on Aug 23, 2010 9:57:25 GMT -5
Hmmm...Obama's canned Christina Rhoma his Chairmwoman of the Council of Economic something
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Post by cashfilly on Aug 23, 2010 9:57:55 GMT -5
Not vac...sorry bac Thanks Jack I'll need to learn that one.... Look for a change here....idk but looks lime a switch in tna to me....the heck with the trailing stop sold that too...I'm out and got to go...take care all
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Post by jack on Aug 23, 2010 10:04:16 GMT -5
Ok gotta run...take care all... Don't pay too much attention to my dithering right now... I'm not as "focused" as I should be... I'll try to refrain from posting too much....HA! Trailing stop on tza....obviously sold fas and now selling everything else... Too critical too do "half-a#*". Good luck all.... Jpm and vac new loads is fas tna etc...addicting....help!! Thanks Cash I'll need to codify the d/t observation: "When a d/t is formed w/ the second candle (2nd one being green) having an upper tail, be prepared to be screwed." (Ref 10min candles 4-5 periods ago)
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Post by abdogman on Aug 23, 2010 10:05:07 GMT -5
BB's narrowing on 1m for xlf fas faz xlf 13.81 on 1m BB's narrowing on 1m also on aud ......eur......vix
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