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Post by rex on Jul 7, 2010 11:07:20 GMT -5
How about.... "The Fastonian Institute"
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Post by jack on Jul 7, 2010 11:20:46 GMT -5
How about.... "The Fastonian Institute" ...dunno...sounds somewhat "institutional" to me - LOL!!!
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Post by cosmic on Jul 7, 2010 11:21:42 GMT -5
But if it was the Fastopian Institute of Lower Learning, you could get your FILL there.
;D
Cheese 101
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Post by jack on Jul 7, 2010 11:22:19 GMT -5
Red topping tail last 10min FAS...will be inneresting to see hoe THAT plays out...
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Post by jack on Jul 7, 2010 11:24:11 GMT -5
But if it was the Fastopian Institute of Lower Learning, you could get your FILL there. ;D Cheese 101 Fastopian Institute of Lower Learning That's pretty good - "I like it!" said Mikey.
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Post by cosmic on Jul 7, 2010 11:24:18 GMT -5
It's kind of a stand-off right here at Meat's 1 0 4 2.
No one is actually 'sure.'
Bears are making their bets, Bulls are making theirs.
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Post by ukarlewitz on Jul 7, 2010 11:26:57 GMT -5
Gold stocks - ABX back at the bottom of its channel. Anyone have a view? Uploaded with ImageShack.us
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Post by cosmic on Jul 7, 2010 11:27:06 GMT -5
Well, we have a Saloon, a Mercantile Exchange, an about to be demolished General Store, the Gallows, and the Cobblers Hut. Sort of an old-world trading theme.
The Fastopian Outpost? Fastopian Tulip Patch?
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Post by jack on Jul 7, 2010 11:28:55 GMT -5
Red topping tail last 10min FAS...will be inneresting to see hoe THAT plays out... VIX's macd's converging for a neg trend...?
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Post by ccash04 on Jul 7, 2010 11:36:44 GMT -5
It's kind of a stand-off right here at Meat's 1 0 4 2. No one is actually 'sure.' Bears are making their bets, Bulls are making theirs. The bears won't like those bets when the b/p's come in this afternoon. ;D ;D
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Post by ccash04 on Jul 7, 2010 11:38:17 GMT -5
Gold stocks - ABX back at the bottom of its channel. Anyone have a view? If they could re-buy back all of their hedges on gold then I would say gold is topped
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Post by ask2lern on Jul 7, 2010 11:39:38 GMT -5
Tug-of-war struggle in the S&P 500 July 7, 2010 Wed 11:26 AM CT As the indexes rally back to yesterday's highs, there is an interesting force/counter-force play setting up. In the S&P 500, two elements are coming into play--the 10-day moving average, last at the 1050 area, and a potential bearish "flag" pattern. (The 10-day is shown in magenta, and the potential flag in yellow.) Uploaded with ImageShack.usThe case with the 10-day is the simplest from a signal perspective: If price moves back above it, it is a short-term bullish "buy" signal. If it does not, the moving average remains resistance, and the moves of the last several sessions have just been a counter-trend play against the larger prevailing downtrend. The bearish scenario here would be a reversal and a break in the next day or two that snaps below the lower bound of the flag. Today that would mean a move back below the 1019 area and, in the next day or two, it would ratchet up to the 1023 area. A break, triggering the flag, would see downside potential to the 935 area, as shown by the light blue line. In some respects, if there were a reversal following the "death cross" of the 50- and 200-day moving averages, it would be a textbook scenario. It would be a contra-trend move in the face of a relatively rare bearish signal, which apparently fails to produce a bearish response. However, at the very moment when they are ready to claim victory, the floor could give way instead. That is how flags work--slow moves against the prevailing move that then snap quickly back in the direction of the previous trend. (Chart data provided by Thomson Reuters) By: Mike Yamamoto From www.optionsmonster.com..........GLTA
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Post by ccash04 on Jul 7, 2010 11:39:54 GMT -5
ZeroHedge doesnt have many uplifting articles... interesting but kind of depressing.
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Post by cosmic on Jul 7, 2010 11:43:12 GMT -5
ZeroHedge doesnt have many uplifting articles... interesting but kind of depressing. Have they ever?
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Post by ask2lern on Jul 7, 2010 11:44:26 GMT -5
Gold stocks - ABX back at the bottom of its channel. Anyone have a view? I know I sound like a broken record but I think it goes higher................1188 had me very tempted to play GLD for a bounce but I have so much physical I really should not add and I don't trade it.........no reason to screw up a good thing .................I just posted an interesting chart in charts and chats.................GL
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Post by ccash04 on Jul 7, 2010 11:45:44 GMT -5
ZeroHedge doesnt have many uplifting articles... interesting but kind of depressing. Have they ever? I can't read them before lunch when I am hungry it just makes me want to short the world.
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Post by cosmic on Jul 7, 2010 11:46:38 GMT -5
lol as they've been doing since 885 on the SPX. How they are holding out I have no idea.
Squids have been released. Let's see how hungry they are...
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Post by jack on Jul 7, 2010 11:50:11 GMT -5
Well, we have a Saloon, a Mercantile Exchange, an about to be demolished General Store, the Gallows, and the Cobblers Hut. Sort of an old-world trading theme. The Fastopian Outpost? Fastopian Tulip Patch? Wha? (ugh) At that rate I'll stick w/ "The Hole"
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Post by cosmic on Jul 7, 2010 11:59:06 GMT -5
Supply overhang here... gonna be interesting if we can push through or if they would attempt to gap through it overnight.
The easier direction is down (and it's the trend.)
So 'Through The FasHole With CosmicHemorroid?' Catchy, but I don't think it would sell.
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Post by ukarlewitz on Jul 7, 2010 12:09:18 GMT -5
I like ZH when I'm short, at other times it is irritating. I think he has some amazing information, so you have to watch it, but the commentary can be a bit grating.
Ask, thanks for the gold info.
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Post by ukarlewitz on Jul 7, 2010 12:13:43 GMT -5
tick is now wedging, forming a tight range between +700 and -300. It's coiling, just like price.
A close above 105 would be refreshing. There's a bigger wedge with a 109ish top rail. I think this would set up a more interesting short opportunity.
Boing.
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Post by maxi on Jul 7, 2010 12:16:28 GMT -5
Since it is a mish mosh of the saloon and the general store how about the Pit? I was going to say the FAS Pit but that is too much emphasis on FAS
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Post by cosmic on Jul 7, 2010 12:25:17 GMT -5
I was thinking we'd keep the Saloon as it is, just have the Store merged with it to make room for a new forum. That seems to make the most sense.
We can name the new forum anything... it will contain member trade blogs, fantasy (and I guess real) portfolios, and contests (maybe) and stuff like that.
The idea was to give a place where we can each set up a running commentary with a running history.
For example, I might set up a trade blog based on signals I'm watching, and what I'm thinking at the time. Sort of like the little notebook I keep here. Other members can add and provide their thoughts and commentaries.
Info would change daily, but wouldn't be like the FME where it's transient depending mostly on the day's action. And because it would be organized by member, it would be easy to use.
I don't have a fully formed idea, just a notion. The cool part is it will evolve.
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Post by cosmic on Jul 7, 2010 12:29:34 GMT -5
I'm watching UNG here - it tends to move counter the market. Also keeping an eye on MPG, which tends to lead the market but is not doing so today.
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Post by ukarlewitz on Jul 7, 2010 12:33:14 GMT -5
I like Decaying Fashole personally.
So the boing led to a crack of the 105 ceiling and a now a 1300 tick. Perhaps time to consolidate. A close here would catch many flat footed. We might well be a bear trend but everyone can't be a bear at the same time or we rally more.
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Post by Dualism on Jul 7, 2010 12:33:28 GMT -5
Second day SSEC is above its 5 dsma; in fact, last night the index found support around it. Recapturing the 10 and 20 dsma's would put it in higher gear. Uploaded with ImageShack.us
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Post by ukarlewitz on Jul 7, 2010 12:40:44 GMT -5
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Post by Dualism on Jul 7, 2010 12:41:18 GMT -5
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Post by Dualism on Jul 7, 2010 12:44:57 GMT -5
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Post by ccash04 on Jul 7, 2010 12:47:32 GMT -5
SSEC will have a tougher time going up as 2500 is a minor resistance and 2600 will be major resistance although 2600 is like 8% away so if it got up there that would be great move.
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