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Post by sp7015 on Jul 20, 2010 12:54:51 GMT -5
I wish I would have bought the aapl $240 calls this morning.
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Post by rex on Jul 20, 2010 12:56:06 GMT -5
I so feel like hedging for doom here but can't bring myself to do it. What do you think? Simply ride the long train up to 1140, then figure out what's next.
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Post by cosmic on Jul 20, 2010 12:56:10 GMT -5
Your best bet for hedging for doom might be to place a far OTM treasury call as the IV is so low a sharp move towards it would be quite profitable Ok, help me through it. What am I look at? (I don't trade treasuries...)
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Post by ukarlewitz on Jul 20, 2010 12:57:49 GMT -5
Ny breadth is now nearly 2:1 pos and more so by vol. Quite an impressive t/a today.
NQ could go pos here shortly. Vol is even and issues is only 1.2:1 neg
Fu*k me, tick +1630. I think that's higher than last week, and that was the highest I've ever seen.
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Post by brosin on Jul 20, 2010 12:59:53 GMT -5
I have a sneaky suspicion the market is finally starting to tip its hat here. This move is not to be ignored.
Given all the developments (especially the more recent posts in the Charts and Chats), I think we are locked and loaded for the next power move this summer.
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Post by ukarlewitz on Jul 20, 2010 13:00:48 GMT -5
tick (bars) and spy (line). Wow.
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Post by cosmic on Jul 20, 2010 13:01:08 GMT -5
I have a sneaky suspicion the market is finally starting to tip its hat here. This move is not to be ignored. Given all the developments (especially the more recent posts in the Charts and Chats), I think we are locked and loaded for the next power move this summer. Not sure if Mwahahahah or Bwahahahaha is more appropriate here.
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Post by ukarlewitz on Jul 20, 2010 13:02:35 GMT -5
The bad news: last weeks' +1650 tick late Thursday marked the start of the crap out.
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Post by ukarlewitz on Jul 20, 2010 13:06:30 GMT -5
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Post by ccash04 on Jul 20, 2010 13:07:26 GMT -5
Your best bet for hedging for doom might be to place a far OTM treasury call as the IV is so low a sharp move towards it would be quite profitable Ok, help me through it. What am I look at? (I don't trade treasuries...) For example if you feared that treasuries would go as high if not higher than last crash.. Look at TLT you could do a call spread for the December calls I'm looking at the 115/116 calls with a bid/ask of .30/.37 for the 115 and .28/.35 for the 116. So let's assume you could buy the 115 for .35 and sell the 116 for .31. That would be a total debit of .04 with a potential profit of $1 (20:1). Not too shabby I would say.
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Post by deadmoney95 on Jul 20, 2010 13:07:41 GMT -5
The bad news: last weeks' +1650 tick late Thursday marked the start of the crap out. i was just about to sadly point that out myself. Mind you, that was in the midst of OPEX f*ckery . . . .
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Post by brosin on Jul 20, 2010 13:08:14 GMT -5
I have a sneaky suspicion the market is finally starting to tip its hat here. This move is not to be ignored. Given all the developments (especially the more recent posts in the Charts and Chats), I think we are locked and loaded for the next power move this summer. Not sure if Mwahahahah or Bwahahahaha is more appropriate here. Was wondering who would be the one to say something along those lines - I could say the same to you Let's see what happens.
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Post by jack on Jul 20, 2010 13:08:22 GMT -5
I have a sneaky suspicion the market is finally starting to tip its hat here. This move is not to be ignored. Given all the developments (especially the more recent posts in the Charts and Chats), I think we are locked and loaded for the next power move this summer. Not sure if Mwahahahah or Bwahahahaha is more appropriate here. ...or even "MwaBwahahahaha!"
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Post by elle on Jul 20, 2010 13:09:18 GMT -5
Maybe a little P.Bo fairy dust, but still good basing last couple weeks, huh. Still minding the iwm d/c later this week.
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Post by brosin on Jul 20, 2010 13:09:25 GMT -5
The bad news: last weeks' +1650 tick late Thursday marked the start of the crap out. Same playbook twice in less than a week wouldn't be too squiddy of them.
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Post by elle on Jul 20, 2010 13:11:55 GMT -5
Last Thurs tho we had most ma's cross, today still below 50/200s
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Post by ccash04 on Jul 20, 2010 13:15:39 GMT -5
I hope there are a lot of trapped bears, and this keeps going up. They are so sure of themselves, Cos is correct the answer is Not Sure and if you are sure of it then you are full of it
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Post by abdogman on Jul 20, 2010 13:16:28 GMT -5
BB's narrow on xlf fas faz on 1m macd has been neg on the above on 1m for about 15min xlf at 14.13 vix 1m BB's tight Aud/Jpy dropping on 1m
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Post by brosin on Jul 20, 2010 13:16:54 GMT -5
I have a sneaky suspicion the market is finally starting to tip its hat here. This move is not to be ignored. Given all the developments (especially the more recent posts in the Charts and Chats), I think we are locked and loaded for the next power move this summer. Not sure if Mwahahahah or Bwahahahaha is more appropriate here. lol everyone loves this post - FINE! I did say it was a 'sneaky' suspicion for a reason in that no one would expect it. The bear caves are crowded. But let's all point and laugh at Bros.
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Post by cosmic on Jul 20, 2010 13:17:34 GMT -5
If you look at GS, you can see clearly 3 waves up after 12:30pm.
Might be at a resting/consolidation spot.
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Post by cosmic on Jul 20, 2010 13:19:22 GMT -5
Actually I created a post yesterday with a link to some 'expert' saying the last thing the market would expect, and something that would settle down the snooty bears, was a 50 point move in SPX that would take us to around the 1100 area.
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Post by maxi on Jul 20, 2010 13:24:48 GMT -5
Lessee here... ;D I ground the coffee, shredded fresh percorino romano. Still have to chop some walnuts. All in all a good 15 minutes.... ;D
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Post by abdogman on Jul 20, 2010 13:26:08 GMT -5
BB's spread on vix 1m and vix is moving on the upper channel xlf 14.12 on 1m
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Post by jack on Jul 20, 2010 13:26:39 GMT -5
If you look at GS, you can see clearly 3 waves up after 12:30pm. Might be at a resting/consolidation spot. Previous 2 lulls were level - this one isn't so far...
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Post by ukarlewitz on Jul 20, 2010 13:26:41 GMT -5
I'd feel a little more comfortable in this being sustained if Mr Bond would get going. The move in spy was not matched by a move in Tnx.
Dr Copper is very strong, up 2 1/2% today. So there's a mix of messages.
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Post by abdogman on Jul 20, 2010 13:33:24 GMT -5
macd now pos on 1m for xlf fas xlf 14.17 and at top BB on 1m
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Post by ccash04 on Jul 20, 2010 13:33:53 GMT -5
And the NYSI continues its trek into positive territory
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Post by ukarlewitz on Jul 20, 2010 13:33:34 GMT -5
Oscar went short at 1065 with a stop at 1075. hod is just shy of his stop.
Not just snooty bears, I think the last thing almost everyone expects is a strong rally. Its like the Spanish Inquisition.
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Post by jack on Jul 20, 2010 13:34:35 GMT -5
If you look at GS, you can see clearly 3 waves up after 12:30pm. Might be at a resting/consolidation spot. Previous 2 lulls were level - this one isn't so far... Okay - I'll gladly eat my electrons very soonish...hopefully...
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Post by jack on Jul 20, 2010 13:38:17 GMT -5
Oscar went short at 1065 with a stop at 1075. hod is just shy of his stop. Not just snooty bears, I think the last thing almost everyone expects is a strong rally. Its like the Spanish Inquisition. NOBODY expects "The Spanish Inquisition!"
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