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Post by rex on Jul 13, 2010 10:40:45 GMT -5
Thanks Abdog. Another funny is exactly one week ago today, Dow was up 170 and lost it all by days end.
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Post by ukarlewitz on Jul 13, 2010 10:43:44 GMT -5
tick has been ripping all day. That was a very shallow p/b, hitting just -600. Now revisiting upper end at +1200 (new hod - good). Tap tap on the 50dma - first time since early May.
TNX has now cracked 3.1%. Booyah.
Market is ripping irrespective of AA because there are so few believers. Sentiment was equal to the 3/09 bear low. Here we are, now at the 50dma on SPX and above on DJI and still no believers.
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Post by jack on Jul 13, 2010 10:46:03 GMT -5
Thanks Abdog. Another funny is exactly one week ago today, Dow was up 170 and lost it all by days end. True but at the moment VIX on downhill slide, Euro up the Queen's arse, and the SPY's OBV's up high too. (...sorry about that I get carried away w/ my own "rhetoric" occasionally...) LOL
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Post by ccash04 on Jul 13, 2010 10:47:35 GMT -5
And now I'm ITM!... barely! I grabbed 5 july 260 calls @ 0.85 up 10% now Ccash, thx for the headsup on AAPL We'll see definitely a day-trade I'm looking/hoping for 251-252 and then im out if it doesn't hit before 1:30 I'm looking to get out too, I averaged down to 3.92 on 375 contracts and I'm done not risking any more. GL on the trade.
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Post by abdogman on Jul 13, 2010 10:50:50 GMT -5
BB's on 1m for xlf fas faz and eur and vix narrowing xlf at 14.85 on 1m
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Post by jack on Jul 13, 2010 10:52:25 GMT -5
"Crikey!!!" ccash - even MU is up a penny now!
LOL!!!
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Post by jack on Jul 13, 2010 10:56:15 GMT -5
SPYs OBV off its high...can this be "The End"?
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Post by abdogman on Jul 13, 2010 10:56:40 GMT -5
European Markets Closing Prices European markets are now closed; stock markets across Europe performed as follows:
* UK's FTSE: +1.8% * Germany's DAX: +1.8% * France's CAC: +1.8% * Spain's IBEX: +2.0% * Portugal's PSI: +0.1%
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Post by jack on Jul 13, 2010 10:58:52 GMT -5
European Markets Closing Prices European markets are now closed; stock markets across Europe performed as follows: * UK's FTSE: +1.8% * Germany's DAX: +1.8% * France's CAC: +1.8% * Spain's IBEX: +2.0% * Portugal's PSI: +0.1% Portugal was downgraded by Moody's I heard fwiw...
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Post by abdogman on Jul 13, 2010 10:59:51 GMT -5
I'm gone 'till about 1400EDT walking Dogs and getting lunch ..........GLTA!
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Post by ccash04 on Jul 13, 2010 11:03:12 GMT -5
"Crikey!!!" ccash - even MU is up a penny now! LOL!!! lol good thing everyone sold on that "enormous pop" now its back to -.0005
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Post by ukarlewitz on Jul 13, 2010 11:07:50 GMT -5
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Post by ukarlewitz on Jul 13, 2010 11:13:14 GMT -5
It would be very surprising if SPX and NQ did not consolidate for a few days here. That's the pattern. Uploaded with ImageShack.us
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Post by ukarlewitz on Jul 13, 2010 11:16:00 GMT -5
Carl - Here is a daily chart of the September e-minis. The market is rapidly approaching the down sloping trend line (green oval) as well as the point at which its advance from the 1003 low would equal the advance from the May 25 low at 1032 (blue rectangles). I think the market is about to drop 20-25 points. After that the e-minis should rally to the vicinity of the last top at 1129. From there I think a bigger drop, perhaps 30-40 points will develop. Once it is complete I expect the market to resume its advance to new highs for the bull market.
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Post by Dualism on Jul 13, 2010 11:20:33 GMT -5
This market and its participants are consistently and chronically wrong. Just days ago, all the talk was about double dip recession. I think only the very experienced & nimble traders, portfolio risk managers, and incremental computer trading systems make money.
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Post by rex on Jul 13, 2010 11:22:09 GMT -5
Carl - Here is a daily chart of the September e-minis. The market is rapidly approaching the down sloping trend line (green oval) as well as the point at which its advance from the 1003 low would equal the advance from the May 25 low at 1032 (blue rectangles). I think the market is about to drop 20-25 points. After that the e-minis should rally to the vicinity of the last top at 1129. From there I think a bigger drop, perhaps 30-40 points will develop. Once it is complete I expect the market to resume its advance to new highs for the bull market. Yes, but is Carl forgetting that with all the shorts out there in the world right now, there will be a short covering rally today like none other?
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Post by ukarlewitz on Jul 13, 2010 11:28:31 GMT -5
This market and its participants are consistently and chronically wrong. Just days ago, all the talk was about double dip recession. I think only the very experienced & nimble traders, portfolio risk managers, and incremental computer trading systems make money. And the PPDT. Thanks to all of you I think we steered clear of all that bullsh*t. Good job everyone.
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Post by jack on Jul 13, 2010 11:31:07 GMT -5
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Post by kryptos2009 on Jul 13, 2010 11:31:38 GMT -5
I grabbed 5 july 260 calls @ 0.85 up 10% now Ccash, thx for the headsup on AAPL We'll see definitely a day-trade I'm looking/hoping for 251-252 and then im out if it doesn't hit before 1:30 I'm looking to get out too, I averaged down to 3.92 on 375 contracts and I'm done not risking any more. GL on the trade. Looks like it's starting to move
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Post by ukarlewitz on Jul 13, 2010 11:33:10 GMT -5
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Post by rex on Jul 13, 2010 11:38:45 GMT -5
So, according to that chart, the market(s) are due for a dip in the coming weeks?
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Post by cosmic on Jul 13, 2010 12:04:08 GMT -5
Cosmechanical Model says sell FAS calls at FAZ 13.99.
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Post by Dualism on Jul 13, 2010 12:03:38 GMT -5
Released on 7/13/2010 11:30:00 AM For 7/13/2010 11:30:00 AM
Auction Results
4-Week Bill Treasury Rate 0.150% Bid/Cover 4.16 Total Amount $32 B
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Post by kryptos2009 on Jul 13, 2010 12:19:08 GMT -5
Stopped out 245 FAS @ 23.27 (+3.94%)
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Post by ccash04 on Jul 13, 2010 12:19:52 GMT -5
Don't like the action in AAPL now looking at 1092 if it doesn't hold look for the exits.
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Post by cosmic on Jul 13, 2010 12:21:50 GMT -5
Cosmechanical model sell.
FAS Calls 48% FAZ short 25% (still holding) VXX puts 8% (still holding)
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Post by jack on Jul 13, 2010 12:34:25 GMT -5
FinReg essentially a done deal (3 Repuke defectors: Collins, Snowe and Brown)
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Post by ccash04 on Jul 13, 2010 12:46:51 GMT -5
Starting to unload around 4.20 around 7% gain.
AAPL calls that is. Starting to eye GOOG 500 calendar spread.
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Post by ccash04 on Jul 13, 2010 12:49:34 GMT -5
BTW jack how dare you doubt MU it tripled its earlier performance and is now up .03! .. Nevermind
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Post by jack on Jul 13, 2010 12:55:07 GMT -5
BTW jack how dare you doubt MU it tripled its earlier performance and is now up .03! .. Nevermind Dohhhhhhhhhhh! Now less 50% again! LOL!
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