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Post by ccash04 on Jul 7, 2010 12:48:31 GMT -5
Exalt Dual so far you've been spot on with this. |
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Post by ccash04 on Jul 7, 2010 12:50:02 GMT -5
Ok time to get mentally prepared for the futbol game.. It should be a great one! Rematch of the Euro 2008!
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Post by ukarlewitz on Jul 7, 2010 12:51:39 GMT -5
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Post by ukarlewitz on Jul 7, 2010 12:54:46 GMT -5
Oh no.
Carl - Here is a five point box, one box reversal chart of 24 hour e-mini trading going back to mid-May.
As you can see the market established an extensive sideways range during the past week right at the bottom of a trend channel. A count across this range projects to 1095. A rally as big as the last rally (97 points) would carry the market to 1100 (blue rectangles). This 1095-1100 target area (green oval) will probably be at the upper channel line by the time it is reached.
I think the market has embarked on the first rally in a new bull market up leg. The previous one lasted 13 months and carried 550 points. A rally that carries upward 8 months and 340 points from the recent low would end in April of 2011 at the 1340 level. Another 13 month, 550 point rally would end in August 2011 at the 1550 level.
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Post by commodityypro on Jul 7, 2010 12:59:56 GMT -5
when does the Spain/Germany match start?
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Post by Dualism on Jul 7, 2010 13:03:21 GMT -5
I believe this was a point you made, Cosmic, when we had the Flash Crash on May 6. www.cnbc.com/id/38108543Regulators taking aim at preventing a repeat of the May 6 "flash crash" may be missing the biggest culprit of all: exchange-traded funds. Some traders are worried that regulators are failing to address the root causes of the May 6 Flash Crash. ETFs made up about 70 percent of the bad trades the day of the flash crash. New safeguards built into the trading system don't directly address the products, though regulators are considering a few hundred of the funds for inclusion. |
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Post by commodityypro on Jul 7, 2010 13:04:06 GMT -5
when does the Spain/Germany match start? Has it already started or does it start 11:30 PST? |
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Post by commodityypro on Jul 7, 2010 13:08:06 GMT -5
when does the Spain/Germany match start? Has it already started or does it start 11:30 PST? Anyone? Bueller? Bueller? Anyone? lol |
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Post by ukarlewitz on Jul 7, 2010 13:10:05 GMT -5
1130a PST. Spain won the last time these two squads met.
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Post by commodityypro on Jul 7, 2010 13:10:31 GMT -5
1130a PST. Spain won the last time these two squads met. Thanks Ukar |
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Post by ccash04 on Jul 7, 2010 13:17:00 GMT -5
I believe this was a point you made, Cosmic, when we had the Flash Crash on May 6. www.cnbc.com/id/38108543Regulators taking aim at preventing a repeat of the May 6 "flash crash" may be missing the biggest culprit of all: exchange-traded funds. Some traders are worried that regulators are failing to address the root causes of the May 6 Flash Crash. ETFs made up about 70 percent of the bad trades the day of the flash crash. New safeguards built into the trading system don't directly address the products, though regulators are considering a few hundred of the funds for inclusion. All the people that know how to address the problem aren't regulators. |
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Post by abdogman on Jul 7, 2010 13:19:41 GMT -5
BB's on Eur 1m and vix 1m narrowing as are
xlf fas faz on 1m
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Post by cosmic on Jul 7, 2010 13:20:58 GMT -5
I'm not sure I made a reference to the ETF's...? Other than I couldn't sell my FAZ calls which went hyperparabolic.
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Post by cosmic on Jul 7, 2010 13:25:12 GMT -5
Oh, and Carl's a tool. LOL just kidding Carl. But if ever there was a proper application of Zyprexa ...
Trend callers notoriously have trouble (myself included) deciphering the message when it's wobbly. My only confidence came from a numbers game with option positions.
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Post by abdogman on Jul 7, 2010 13:26:09 GMT -5
BB's spreading on xlf fas faz and xlf fas on lower channel
xlf 14.00
all on 1m
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Post by abdogman on Jul 7, 2010 13:27:36 GMT -5
vix moving up on 1m BB's spreading
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Post by Dualism on Jul 7, 2010 13:27:49 GMT -5
Well, there was a discussion that during a severe flash crash, the bear 3x ETF's may not find buyers when the long holder wants to sell.
The selling of a bear ETF and/or its calls should theoretically provide market price support as though one is short the market and places a 'buy to cover' price supporting order.
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Post by abdogman on Jul 7, 2010 13:33:46 GMT -5
BB's on Eur 1m still closing
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Post by abdogman on Jul 7, 2010 13:46:41 GMT -5
BB's on Eur 1m still narrow
Vix 1m BB's coming in again
BB's xlf fas faz 1m narrow
xlf at 14.02 on 1m
macd pos for 6 mins on 1m for xlf and fas
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Post by abdogman on Jul 7, 2010 13:56:18 GMT -5
BB's on vix 1m finally opening and vix is dropping
BB's on Eur 1m still narrow
BB's on xlf fas faz spreading and fas and xlf on upper channel
xlf 14.05 on 1m
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Post by abdogman on Jul 7, 2010 14:03:40 GMT -5
BB's on Eur 1m spreading and Eur dropping
xlf 14.05 on 1m
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Post by abdogman on Jul 7, 2010 14:12:57 GMT -5
xlf on 1m now near R2 at 14.07 R2 is 14.0867
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Post by jack on Jul 7, 2010 14:14:43 GMT -5
Just back from stimulating the economy as promised earlier: bought $100 worth of dogfood and biscuits & a $2 KFC special for myself...what's wrong with this picture?
lol!
Congratz longs!
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Post by jack on Jul 7, 2010 14:15:57 GMT -5
xlf on 1m now near R2 at 14.07 R2 is 14.0867 FAS R2 @ 20.25 |
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Post by ukarlewitz on Jul 7, 2010 14:17:50 GMT -5
Orzil should be carded for that flop. That was embarrassing.
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Post by abdogman on Jul 7, 2010 14:19:44 GMT -5
xlf at 14.11 on 1m
BB's coming in on Eur 1m
BB's spreading on xlf fas faz 1m xlf fas on upper channel
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Post by ukarlewitz on Jul 7, 2010 14:20:13 GMT -5
Jpm is now challenging its 20dma. Strong if it can close above.
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Post by jack on Jul 7, 2010 14:22:59 GMT -5
To the Gang,
By the power invested in Fastopiary figures thank you for your contribution here - you may now all do the "Smarty Pants Dance":
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Post by Dualism on Jul 7, 2010 14:23:51 GMT -5
That was a great first half, even though it ended 0-0.
It was free of irritating 'been-fouled victim' dramas.
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Post by abdogman on Jul 7, 2010 14:24:14 GMT -5
BB's on Eur 1m stopped closing for now
Vix dropping along lower channel of spreading BB's
xlf 14.13 on 1m
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