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Post by abdogman on Aug 25, 2010 13:47:47 GMT -5
macd just went neg xlf and fas on 1m xlf 13.52 on 1m BB's spread on 1m xlf fas faz
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Post by ccash04 on Aug 25, 2010 13:48:21 GMT -5
That's a big ass red candle on TLT. Need follow through but low risk TBT entry with stop. That or sell put spreads and possibly buy a call spread.
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Post by jack on Aug 25, 2010 13:49:05 GMT -5
XLF's 1min macd neg
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Post by ukarlewitz on Aug 25, 2010 13:49:30 GMT -5
Ditto UCO/USO.
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Post by sp7015 on Aug 25, 2010 13:53:02 GMT -5
I was at a training class at work. Is there news out or is this a technical bounce/
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Post by abdogman on Aug 25, 2010 13:53:37 GMT -5
BB's tight on xlf faz 1m xlf 13.53 on 1m
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Post by ukarlewitz on Aug 25, 2010 13:55:10 GMT -5
Noting d/b at 28 in HTS.
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Post by jack on Aug 25, 2010 13:59:50 GMT -5
BAC d/t'd its close yest and now a little lower. If THAT goes green it'd be a good thing and there will not be any sadness for the Mudville Nine that nite.
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Post by deadmoney95 on Aug 25, 2010 14:01:19 GMT -5
Carl Futia CarlFutia $ES_F today's action has been very bullish. I expect a close above 1045 and a bullish day tomorrow. I think 1037 ended the drop from 1127
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Post by jack on Aug 25, 2010 14:02:55 GMT -5
Knock knock knocking on the PPs door
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Post by jack on Aug 25, 2010 14:04:45 GMT -5
Carl Futia CarlFutia $ES_F today's action has been very bullish. I expect a close above 1045 and a bullish day tomorrow. I think 1037 ended the drop from 1127 TG - We are Saved!
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Post by Clinton SPX on Aug 25, 2010 14:06:51 GMT -5
Every good dealer knows you got to give the junkie a taste of the good stuff before you take it away.
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Post by ukarlewitz on Aug 25, 2010 14:10:15 GMT -5
Resilience, off of a key pivot, on terrible data shows the market has priced in a lot of bad news already. It's not perfect but I think there is enough indicators in favor of at least a s-t bounce.
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Post by ukarlewitz on Aug 25, 2010 14:13:36 GMT -5
As usual, I will be looking at price relative to the 20hma and 5dma.
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Post by jack on Aug 25, 2010 14:16:33 GMT -5
"Battle for the PP" going on
So far the PP's winning
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Post by deadmoney95 on Aug 25, 2010 14:16:41 GMT -5
More from Carl "I fear no doomer" Futia:
Here is a daily chart of the e-mini futures. I thought you classical bar chartists out there would be interested in this.
Amidst spasms of pessimism the market has reached an oversold condition at the point labeled "RS" on this chart. This could well be the right shoulder of a classic inverse head and shoulders formation. I haven't noticed anyone commenting on this on the web, so I think it stands a good chance of developing an upside breakout of the neckline (horizontal green dash line). If it does the upside potential would be measured by the size of the rally from the head to the neckline, about 125 points, added to the neckline level itself. This works out to be the 1250 level.
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Post by abdogman on Aug 25, 2010 14:19:25 GMT -5
BB's on 1m xlf fas faz spreading now xlf 13.50 on 1m
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Post by ukarlewitz on Aug 25, 2010 14:19:26 GMT -5
S-t for the time being as the daily Spy pattern became pretty grim with the break lower than the late July low. So we have a lower L in place now which means we need to put in a higher H than the last one. Even so, its a 105-113 zone at best.
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Post by jack on Aug 25, 2010 14:21:19 GMT -5
t/t's FAS 10min
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Post by actuarynomore on Aug 25, 2010 14:27:52 GMT -5
More from Carl "I fear no doomer" Futia: Here is a daily chart of the e-mini futures. I thought you classical bar chartists out there would be interested in this. Amidst spasms of pessimism the market has reached an oversold condition at the point labeled "RS" on this chart. This could well be the right shoulder of a classic inverse head and shoulders formation. I haven't noticed anyone commenting on this on the web, so I think it stands a good chance of developing an upside breakout of the neckline (horizontal green dash line). If it does the upside potential would be measured by the size of the rally from the head to the neckline, about 125 points, added to the neckline level itself. This works out to be the 1250 level. Aren't we in fact completing a RS of a possible ihs when you look at the daily SPX over 3 months (LS on 5/25) - Just hoping!!
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Post by jack on Aug 25, 2010 14:28:59 GMT -5
GS, JPM & BAC on the downswing I don't see any redemption into the close at this rate.
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Post by jack on Aug 25, 2010 14:32:36 GMT -5
GS, JPM & BAC on the downswing I don't see any redemption into the close at this rate. Just call me the contrarian observer. LOL!!! FAS on steroids!
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Post by abdogman on Aug 25, 2010 14:33:37 GMT -5
macd pos now on 1m for xlf fas xlf 13.53 on 1m
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Post by jack on Aug 25, 2010 14:36:38 GMT -5
"Big Ticks!"
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Post by abdogman on Aug 25, 2010 14:40:04 GMT -5
xlf 13.56 on 1m
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Post by abdogman on Aug 25, 2010 14:44:42 GMT -5
xlf 13.575 on 1m
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Post by abdogman on Aug 25, 2010 14:49:13 GMT -5
xlf 13.59 on 1m
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Post by abdogman on Aug 25, 2010 14:50:44 GMT -5
BB's on 1m xlf fas faz narrowing now xlf 13.58 on 1m
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Post by abdogman on Aug 25, 2010 14:53:31 GMT -5
macd just neg for xlf fas on 1m xlf 13.56 on 1m
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Post by jack on Aug 25, 2010 14:55:13 GMT -5
T/t's
ttfn - laterz gang have a grt evenin'
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