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Post by ccash04 on Aug 26, 2010 9:21:55 GMT -5
Jack, I have a weird feeling we get a pump job and a crash anyway, regardless. Might be separated by a day or two. I would expect it to be a mid-day reversal where the market gets whacked with the ugly stick. Like 100+ to close 79-. Monday or Tuesday. Don't know from what height. I get that feeling too, but if I get that feeling then maybe it wont happen b/c that's the way the market works?? So confused. |
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Post by jack on Aug 26, 2010 9:24:29 GMT -5
I don't understand freestockcharts' VIX-X which is different than Eturd's "CBOE Mkt Volatility SPX Implied."  Eturd shows its $VIX on the rise now; frs shows it on the decline |
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Post by abdogman on Aug 26, 2010 9:28:25 GMT -5
BB's narrowing on 1m xlf fas faz and uup
macd neg on xlf fas
xlf 13.645 on 1m
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Post by deadmoney95 on Aug 26, 2010 9:29:50 GMT -5
Jack, I have a weird feeling we get a pump job and a crash anyway, regardless. Might be separated by a day or two. I would expect it to be a mid-day reversal where the market gets whacked with the ugly stick. Like 100+ to close 79-. Monday or Tuesday. Don't know from what height. I get that feeling too, but if I get that feeling then maybe it wont happen b/c that's the way the market works?? So confused. ccash, i always feel the same way. am i the only one who constantly thinks of this scene whenever attempting to "analyze" the market: "i know that they know that i know the market should go down and therefore will go up but therefore will go down, unless it goes up, in which case they'll make it go down . . . ." |
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Post by jack on Aug 26, 2010 9:30:43 GMT -5
Jack, I have a weird feeling we get a pump job and a crash anyway, regardless. Might be separated by a day or two. I would expect it to be a mid-day reversal where the market gets whacked with the ugly stick. Like 100+ to close 79-. Monday or Tuesday. Don't know from what height. You characterize a delta of 179pts a "crash"? No problemo if so... |
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Post by ccash04 on Aug 26, 2010 9:32:48 GMT -5
RHT making a run at new 52 week highs.
Stupid algos, if there is no volume they just chop the market back and forth on momentum..
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Post by ccash04 on Aug 26, 2010 9:40:03 GMT -5
"i know that they know that i know the market should go down and therefore will go up but therefore will go down, unless it goes up, in which case they'll make it go down . . . ." You can't sum up my daily toils with the market better than that, Exalt! (Seems I've already blown my exalt load, I will get you as soon as it gets reset lol). |
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Post by abdogman on Aug 26, 2010 9:40:29 GMT -5
macd pos on 1m xlf fas last 4 mins
xlf 13.695 on 1m
BB's spreading on 1m xlf fas faz
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Post by ccash04 on Aug 26, 2010 9:41:04 GMT -5
Parabolic?
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Post by deadmoney95 on Aug 26, 2010 9:44:28 GMT -5
"i know that they know that i know the market should go down and therefore will go up but therefore will go down, unless it goes up, in which case they'll make it go down . . . ." You can't sum up my daily toils with the market better than that, Exalt! the unintentional irony of my always thinking of that scene is that, in the end, the dread pirate roberts has of course totally rigged things so that he always wins, no matter what . . . . and an exalt right back atcha! |
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Post by abdogman on Aug 26, 2010 9:53:11 GMT -5
macd neg last 8 mins or so on 1m xlf fas
xlf 13.67 on1m
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Post by ccash04 on Aug 26, 2010 9:54:06 GMT -5
You can't sum up my daily toils with the market better than that, Exalt! the unintentional irony of my always thinking of that scene is that, in the end, the dread pirate roberts has of course totally rigged things so that he always wins, no matter what . . . . and an exalt right back atcha! Lol! So true, pirate roberts and a vampire squid no difference. |
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Post by ccash04 on Aug 26, 2010 9:59:56 GMT -5
TLT could be basing, not the follow thru you want to see after yesterdays action.. So we're just going to zig zag between 1058 & 1062 today? I can live with that.
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Post by abdogman on Aug 26, 2010 10:06:15 GMT -5
xlf 13.62 on 1m
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Post by deadmoney95 on Aug 26, 2010 10:08:18 GMT -5
Boy it goes down so much faster than it comes up.
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Post by abdogman on Aug 26, 2010 10:08:52 GMT -5
aud/jpy on 1m dropping
eur/usd on 1m dropping
vix on 1m rising
xlf 13.58 on 1m
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Post by ask2lern on Aug 26, 2010 10:12:05 GMT -5
Out of SPY puts...............looks like we may catch a bid here at least for s/t like minutes................GLTA
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Post by ccash04 on Aug 26, 2010 10:14:25 GMT -5
Done for the morning session, will be back after lunch, guess asking for a follow-thru day was just too much.
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Post by abdogman on Aug 26, 2010 10:21:25 GMT -5
currencies and vix leveled off on 1m
macd pos now on 1m xlf fas
xlf 13.61
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Post by abdogman on Aug 26, 2010 10:26:03 GMT -5
BB's narrowing now on 1m xxlf fas faz
macd 0/0 on above
xlf 13.595 on 1m
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Post by brosin on Aug 26, 2010 10:29:08 GMT -5
"i know that they know that i know the market should go down and therefore will go up but therefore will go down, unless it goes up, in which case they'll make it go down . . . ." Exactly! ;D ;D Cash, I hit DM with the exalt stick for ya, and then I'll hit him with another from me later on haha |
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Post by jack on Aug 26, 2010 10:40:55 GMT -5
Is a red topping tail worse than a green one?
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Post by abdogman on Aug 26, 2010 10:41:19 GMT -5
Going to do Dogs and lunch early today......see ya about 1400EDT
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Post by jack on Aug 26, 2010 10:42:11 GMT -5
So just becuz we didn't fill the whole gap we gotta do it now? Jeesh!
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Post by brosin on Aug 26, 2010 10:46:36 GMT -5
DM, that's gotta be the funniest post I've read in awhile - I've read it now what like 5 times, and each time I still get a kick out of it.
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Post by Clinton SPX on Aug 26, 2010 10:50:02 GMT -5
Is a red topping tail worse than a green one? Depends on scale Jack IMO. On an hour chart a tall wick is usually a reversal. On a 10 min if the rev candle is green then I like to see 2 reds to confirm it. Where as a red reversal stick only 1 to confirm. thats the way I like to do it. Important thing to me is 2 reds back to back, that makes it a 20 min down trend. |
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Post by Clinton SPX on Aug 26, 2010 11:03:25 GMT -5
Using this methodology. This rev candle needs to be followed by a greenie otherwise down trend may still continue. Im told this method works about 80% Attachments:
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Post by Clinton SPX on Aug 26, 2010 11:04:57 GMT -5
And two greenies under a support line have less power than 2 sitting on a support line.
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Post by Dualism on Aug 26, 2010 11:29:11 GMT -5
CHICAGO (MarketWatch) -- Rates on fixed-rate mortgages hit another low this week, after recent reports showed drops in existing- and new-home sales, according to Freddie Mac's weekly survey of conforming mortgage rates released Thursday.
The 30-year fixed-rate mortgage averaged 4.36% for the week ending Aug. 26, down from 4.42% last week and 5.14% a year ago. The 15-year fixed-rate mortgage averaged 3.86%, down from 3.9% last week and 4.58% a year ago.
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Post by ask2lern on Aug 26, 2010 11:47:30 GMT -5
They were talking about Silver on fast money halftime report and they also talked about it last night on the show.....................Dennis Gartmen said the sudden rise in silver is a good sign indicating industrial demand must be picking up and that is the reasoning behind the sudden rise and why it has outperformed gold....................I completely disagree with this thesis.............silver is currently outperforming due to lease rates on the LME (London Metals Exchange) being lower then gold making collateralizing costs lower and the trade more appealing and also because it has broader retail participation vs gold because of cost...............I do not actively trade PM's on a personal basis but as most know I do trade it for my business daily................I am NOT currently covering new silver commitments at this level...........all gold trades are being covered immediately.............I am very leery of moves in gold but I really think I will cover my silver orders at a lower level in the near future.............this is not a recommendation just sharing my opinions...................GLTA
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