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Post by ukarlewitz on Jul 20, 2010 13:40:17 GMT -5
Sector breadth is really excellent. Almost all green. Only exceptions are regional banks, semis and health care. Steel, metals and coal lead.
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Post by ukarlewitz on Jul 20, 2010 13:41:23 GMT -5
Spy has 4 waves in place today. One more would be ideal. After a blow out set of ticks, this is very nice consolidation wave 4.
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Post by abdogman on Jul 20, 2010 13:45:37 GMT -5
BB's have closed to narrow on 1m and since 1439EDT have stayed level xlf 14.15 on 1m
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steel
Futures Trader
5th Place - Road to Opex 4
Posts: 370
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Post by steel on Jul 20, 2010 13:48:16 GMT -5
Getting ready for another pop
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Post by abdogman on Jul 20, 2010 13:50:22 GMT -5
xlf 14.19 on 1m macd 1m xlf and fas pos last 3 mins
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Post by ccash04 on Jul 20, 2010 13:54:04 GMT -5
BIDU now up .5%
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Post by ccash04 on Jul 20, 2010 13:57:00 GMT -5
Dual I exalted you for an excellent trade... As I mentioned earlier got that put spread down and I should have waited to sell the calls on the call spread till now
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Post by ukarlewitz on Jul 20, 2010 13:59:07 GMT -5
You can see the selling pressure at 108. The 15' candles all have high wicks. Those sellers need to get cleared out.
Final 60' is here. We have 10 out of 11 solid final hours in our favor.
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Post by abdogman on Jul 20, 2010 14:12:07 GMT -5
xlf 14.21 on 1m macd pos now for xlf fas
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Post by jack on Jul 20, 2010 14:14:31 GMT -5
xlf 14.19 on 1m macd 1m xlf and fas pos last 3 mins I'm seeing some +1200 ticks
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Post by jack on Jul 20, 2010 14:16:41 GMT -5
SPY OBV on steroids like my tomatoes.
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Post by ukarlewitz on Jul 20, 2010 14:17:29 GMT -5
not to be too greedy but a close above 108.2 would put us squarely back in the pre-Fryday bull zone. The skeptics will be looking for some small amount of consolidation in this area for the rest of the week to show that the market is capable of holding gains.
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Post by ukarlewitz on Jul 20, 2010 14:19:21 GMT -5
+1360. high ticks in the final hour are great and as it comes late in the day do not normally result in a sell off.*
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Post by jack on Jul 20, 2010 14:19:40 GMT -5
This keeps up we might bust the SPY 200ma which if I got it right is 108.3ish on the 10min
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Post by ukarlewitz on Jul 20, 2010 14:21:26 GMT -5
Breadth with 40' remaining.
Ny is now 3:1 pos, nearly 4:1 on vol. Wow. Nq: 1.3:1 pos and 1.6:1 vol.
That's an impressive t/a. Crack that whip.
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Post by jack on Jul 20, 2010 14:21:45 GMT -5
+1360. high ticks in the final hour are great and as it comes late in the day do not normally result in a sell off.* Ah yes I read that piece you put up last week! Good post: EXALT!
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Post by Dualism on Jul 20, 2010 14:23:14 GMT -5
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Post by ukarlewitz on Jul 20, 2010 14:24:34 GMT -5
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Post by abdogman on Jul 20, 2010 14:24:50 GMT -5
xlf 14.23 on 1m
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Post by ukarlewitz on Jul 20, 2010 14:26:38 GMT -5
This would wave 5 for today. Bwahahaha.
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Post by jack on Jul 20, 2010 14:28:38 GMT -5
SPY 200ma touched and backed off
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Post by Dualism on Jul 20, 2010 14:31:10 GMT -5
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Post by jack on Jul 20, 2010 14:31:11 GMT -5
"Federal Reserve to take steps to spur lending."
"Hey buddy can you lend Uncle Sam a $dime?"
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Post by ukarlewitz on Jul 20, 2010 14:31:17 GMT -5
MarketTells New post: NYSE TICK Hits Multi-Year High Second Time in a Week bit.ly/bXzyc7
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Post by abdogman on Jul 20, 2010 14:31:43 GMT -5
xlf 14.27 on 1m
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Post by jack on Jul 20, 2010 14:32:29 GMT -5
SPY 200ma touched and backed off Now testing the 200ma like a teenager on a date.
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Post by jack on Jul 20, 2010 14:33:37 GMT -5
SPY 200ma touched and backed off Now testing the 200ma like a teenager on a date. She may have given it up early... ;D
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Post by ukarlewitz on Jul 20, 2010 14:34:10 GMT -5
alphatrends so true RT @jfahmy I was wrong about today, never expected this rally, why u should have ur own conviction and not blindly follow ANYONE!
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Post by Dualism on Jul 20, 2010 14:36:44 GMT -5
alphatrends so true RT @jfahmy I was wrong about today, never expected this rally, why u should have ur own conviction and not blindly follow ANYONE! He is an excellent technician, but for some reason he doesn't look at some very useful market breadth indicators for forming directional bias.
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Post by ukarlewitz on Jul 20, 2010 14:36:58 GMT -5
Spy, impossibly, has climbed back above its 5dma and is sitting right below the top rail on the daily chart that everyone is staring at. Looks like a higher low has been made. Top rail, be gone!
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