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Post by cashfilly on Aug 24, 2010 9:06:37 GMT -5
Got that 17.60 and stop at cost...been waiting a while...kind of think she won't hold tho..... a girl can only try
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Post by jack on Aug 24, 2010 9:07:51 GMT -5
VIX backing off but still on upward trend $ going non-linear
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Post by cashfilly on Aug 24, 2010 9:08:33 GMT -5
banks are going lower...only the dollar drop can save this... we need tails quickly in the banks or all bets are off.... drn and tna holding up suprisingly well
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Post by ukarlewitz on Aug 24, 2010 9:09:58 GMT -5
Daily vix outside the upper BB.
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Post by cashfilly on Aug 24, 2010 9:11:34 GMT -5
There are the tails and a dt to boot...only one minute in on this candle tho
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Post by cashfilly on Aug 24, 2010 9:12:24 GMT -5
watch those tails on the uup chart....or translation: be very wary of dollar here... time for vix to come back down a bit
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Post by cashfilly on Aug 24, 2010 9:16:06 GMT -5
Just a quick note: I have to believe there is too much attention focused on market reaction and the fed here...the dollar should be an ally during trading hours....perhaps a little ppt action when necessary....
Nice 10 minute tail///almost a hammerhead in drn on that last tick
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Post by ccash04 on Aug 24, 2010 9:18:27 GMT -5
Hoping IWM will make a run at 60 and hold it.
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Post by cashfilly on Aug 24, 2010 9:18:51 GMT -5
On that vix....UK, don't u think that's mostly a sign of overreaction fears? Not much room to go higher when they do that.....especially leading into info....or am i way off there....jmo
Working that dollar to support our equity market
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Post by ukarlewitz on Aug 24, 2010 9:19:42 GMT -5
VIXandMore Now getting a better sense of how much the ugly existing home sales data had been anticipated and priced in (a lot)
I agree.
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Post by ukarlewitz on Aug 24, 2010 9:21:07 GMT -5
Yes, Cash, that's what I'm thinking. Outside the upper BB leads to mean reversion s-t 9 out of 10 times.
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Post by abdogman on Aug 24, 2010 9:25:08 GMT -5
volume in xlf now last 2 mins on 13.595 on 1m
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Post by Clinton SPX on Aug 24, 2010 9:27:27 GMT -5
I noticed last time we had a big drop. I put a fib from previous days high to the LOD and the bounce was exactly 50% If that pattern holds today then spy should bounce to 106,75 Attachments:
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Post by cashfilly on Aug 24, 2010 9:30:37 GMT -5
13.60 is S2 so this may take a bit of work but the environment is really good here...but don't fall asleep at the wheel.....we could fail and fall easily...might be a nauseous wavy kind of day
Normal fas pricing action shows that after breaking an even dollar poing it is not uncommon to fall back down to .88 pricepoint prior to climbing back up...any lower and all bets are off...thats a pricepoint play on fas....don't ask me why or how but it happens.....
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Post by jack on Aug 24, 2010 9:31:19 GMT -5
Here's to who/whatever's manipping the $:
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Post by abdogman on Aug 24, 2010 9:33:03 GMT -5
1m BB's narrowing on currencies now
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Post by elkuta0380 on Aug 24, 2010 9:34:12 GMT -5
I noticed last time we had a big drop. I put a fib from previous days high to the LOD and the bounce was exactly 50% If that pattern holds today then spy should bounce to 106,75 Be very careful watching for bounces in this part of the sell-off. Once 1050 breaks with conviction (most likely the next attempt at it), shorters will flood the market. Then, give it a week and a nice bounce will be setup. I'm seeing that everyone has been trying to call the "bounce point" these last 2 weeks at every possible support. Now that we are playing with the last real support before 1010, once it breaks, everyone will go short. That will give a little more fuel to the fire and should take us to 970-1010 by end of next week there-abouts. That is where I will be positioning for a little (maybe 50-70) point bounce in the S&P... Best of luck to all... both longs and shorts.
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Post by abdogman on Aug 24, 2010 9:34:30 GMT -5
macd just went neg on 1m xlf fas xlf 13.53 on 1m
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Post by cashfilly on Aug 24, 2010 9:34:42 GMT -5
uup bottom tail? momo coming back on uup....
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Post by Clinton SPX on Aug 24, 2010 9:35:17 GMT -5
no confirm on that reversal, wicky reds not looking good for bulls.
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Post by jack on Aug 24, 2010 9:35:43 GMT -5
13.60 is S2 so this may take a bit of work but the environment is really good here...but don't fall asleep at the wheel.....we could fail and fall easily...might be a nauseous wavy kind of day Normal fas pricing action shows that after breaking an even dollar poing it is not uncommon to fall back down to .88 pricepoint prior to climbing back up...any lower and all bets are off...thats a pricepoint play on fas....don't ask me why or how but it happens..... 17.70-ish?
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Post by ukarlewitz on Aug 24, 2010 9:39:49 GMT -5
Nikkei settled at 9000 overnight. Very strong pivot in the past 2 years fsc.bz/64rYen/Dollar right on trend support line as well fsc.bz/64sCarlFutia $ES_F Until I see strength above 1051 (have not seen it yet) I will be looking for a low today in the 1036-1041 zone
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Post by jack on Aug 24, 2010 9:42:05 GMT -5
...might be a nauseous wavy kind of day
"...MIGHT be?..."
lol!
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Post by cashfilly on Aug 24, 2010 9:43:09 GMT -5
It's all about the dollar here.....wish i knew about 17.70, but didn't get the 2nd play book....oops... can u share Jack?
How about a dt here....that would be nice....
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Post by jack on Aug 24, 2010 9:43:25 GMT -5
Nikkei settled at 9000 overnight. Very strong pivot in the past 2 years fsc.bz/64rYen/Dollar right on trend support line as well fsc.bz/64sCarlFutia $ES_F Until I see strength above 1051 (have not seen it yet) I will be looking for a low today in the 1036-1041 zone Nikkei is reportedly in another bear market now.
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Post by cashfilly on Aug 24, 2010 9:45:31 GMT -5
spg new hod....that's a good thing
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Post by ccash04 on Aug 24, 2010 9:45:54 GMT -5
OIH is reaching positive territory.
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Post by abdogman on Aug 24, 2010 9:47:16 GMT -5
BB's on 1m xlf fas faz narrowing now xlf 13.55 macd appx 0/0 on 1m xlf fas faz
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Post by jack on Aug 24, 2010 9:48:51 GMT -5
It's all about the dollar here.....wish i knew about 17.70, but didn't get the 2nd play book....oops... can u share Jack? How about a dt here....that would be nice.... I thought your earlier post meant: 18.66 (yesterday's close) - 0.80 = 17.86 (Okay I admit my maths need some work - lol!!!)
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Post by cashfilly on Aug 24, 2010 9:51:59 GMT -5
CNBC reporting a bit on state government....anyway the BTS list (back-to-school) included toilet paper somewhere.....kidk where but that isn't pretty any way u look at it... Come on lets stop the neg press please Note...17.33 is a major intraday resistance for faz.... Also a big shout out to drn for making a new hod and gapping up here...doji's on the jpm and bac to stop the bleeding? Je ne sais pas mon chere.... Don't like the dollar action...can only hope that we've slowly built up a little support on these smaller candles to get us back towards 13.60
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