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Post by abdogman on Jul 23, 2010 10:22:28 GMT -5
Trin on the rise as well. When does the 'news' from Europe arrive? 1200edt
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Post by jack on Jul 23, 2010 10:23:06 GMT -5
Cos, noticed last week we have non-stop squid, but we are not going down - waht's that all about? Friendly squid? They are definitely releasing them to suck out the liquidity, but when actual buyers fight back, the squid turn to the other side. I sense that their algorithms adjust to buying and selling pressure. They thrive on weakness but also on strength. The swing - from one direction to the other, seems to depend on their price discovery mechanism and how well it's working. It really feels like someone has cracked the 'squid code' and is manipulating them, rather than the other way around. It's been about 1 year since the code was stolen and financial terrorists have had plenty of time to sift through, and build sophisticated counter-squid systems. I'm beginning to think we are living in the Matrix and Neo's out there fighting the cyborg squid for us. Craps...was it the blue pill or the red one? "Here they come..." www.youtube.com/watch#!v=Wz7fL433D4s&feature=related
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Post by deadmoney95 on Jul 23, 2010 10:26:43 GMT -5
Trin on the rise as well. When does the 'news' from Europe arrive? Noon eastern time. They have released parameters for the tests, which the media is reporting have left many questioning their rigor.
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Post by ukarlewitz on Jul 23, 2010 10:32:40 GMT -5
Should we take bets on what happens at 1201p and then by eod?
a. They have manufactured this process to make sure everyone wins - market will like it and go up b. The banks are in crappy shape and no one can disguise that fact. Mr Market will see that and dump into eod.
What say ye?
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Post by abdogman on Jul 23, 2010 10:34:10 GMT -5
xlf 14.44 on 1m
BB's starting to spread and fas on upper channel
"We are either breaking the 50 down or the 200 up within an hour or so!".......Ya Think! or maybe not>
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Post by clearwaters on Jul 23, 2010 10:35:17 GMT -5
I'm guessing up on the "good" news and then next week it'll be down.
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Post by elkuta0380 on Jul 23, 2010 10:36:02 GMT -5
Should we take bets on what happens at 1201p and then by eod? a. They have manufactured this process to make sure everyone wins - market will like it and go up b. The banks are in crappy shape and no one can disguise that fact. Mr Market will see that and dump into eod. What say ye? Quick bounce to 1099 on the dot and sell hard... Would love to see 1099 break. Will go mega-long if it does (and holds)... fun stuff... tick tock tick tock
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Post by sp7015 on Jul 23, 2010 10:36:36 GMT -5
I vote that the stress test did not have what the market wanted in it and they look at it as a joke. We then have profit taking and close down below 108 on spy. Europe stress test
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Post by cosmic on Jul 23, 2010 10:37:10 GMT -5
Market reaction could be the same for a or b. Or, the reverse of a or b.
The way of the markets lately have been sell off on anything, and let bulls try to pump it back up. So I would vote B
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Post by Rich on Jul 23, 2010 10:39:09 GMT -5
I don't know, looks kinda good right now, my longs are doing well.
Disneyland killed me.
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Post by ukarlewitz on Jul 23, 2010 10:41:46 GMT -5
I added a poll. Man, you guys are all bears at heart. Makes me think (based on n=4) that we rise.
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Post by jack on Jul 23, 2010 10:42:42 GMT -5
Market reaction could be the same for a or b. Or, the reverse of a or b. The way of the markets lately have been sell off on anything, and let bulls try to pump it back up. So I would vote B Round about now (after having another BLT) would be a good time to...take a nap. ;D
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Post by abdogman on Jul 23, 2010 10:43:15 GMT -5
By this time I think that most people feel that eu/imf and stress test is a joke
Cos knows an awful lot about HFT'S
I Vote B also
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Post by jack on Jul 23, 2010 10:43:46 GMT -5
macd's getting ugly
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Post by jack on Jul 23, 2010 10:46:24 GMT -5
...but Neo always wins.
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Post by ukarlewitz on Jul 23, 2010 10:47:42 GMT -5
lod tick -1050. At vwap.
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Post by sp7015 on Jul 23, 2010 10:48:02 GMT -5
The interesting thing about today is that in the DJIA you have VZ, WMT, KFT, JNJ, PG, KO leading.
Last time I checked these are defensive names.
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Post by jack on Jul 23, 2010 10:52:16 GMT -5
That's one helluva long bottoming FAStail on the last 10min candle.
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Post by abdogman on Jul 23, 2010 10:57:25 GMT -5
European markets are now closed; stock markets across Europe performed as follows:
* UK's FTSE: +0.0% * Germany's DAX: +0.4% * France's CAC: +0.3% * Spain's IBEX: +1.1% * Portugal's PSI: -0.4%
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Post by ukarlewitz on Jul 23, 2010 10:59:40 GMT -5
Over the past 7-9 days, looks like Spy has made a nice cup and handle. In other words, exclude the weirdness from Fri-Wed and we are in a nice 109-110 range. Looks good.
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Post by ukarlewitz on Jul 23, 2010 11:02:51 GMT -5
I hope the first move isn't the wrong move.
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Post by maxi on Jul 23, 2010 11:03:08 GMT -5
All banks all countries so far passed just fine. France Germany Portugal Finland all well over the 6%
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Post by ukarlewitz on Jul 23, 2010 11:04:07 GMT -5
Breadth right now: Nq 1.4:1 Ny 2:1
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Post by sp7015 on Jul 23, 2010 11:04:39 GMT -5
Lol most of the EU banks are passing. What a joke.
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Post by ukarlewitz on Jul 23, 2010 11:05:04 GMT -5
I was worried about Finland.
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Post by ukarlewitz on Jul 23, 2010 11:05:47 GMT -5
It's like the elimination round of the World Cup.
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Post by abdogman on Jul 23, 2010 11:06:15 GMT -5
1205 Briefing.com
Spain's Espiga Savings Bank fails stress test
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Post by sp7015 on Jul 23, 2010 11:08:23 GMT -5
dollar appears to be climbing.
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Post by jack on Jul 23, 2010 11:08:41 GMT -5
I hope the first move isn't the wrong move. Its a virtual battlefield out there Uk - go ahead in - I'll cover you.
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Post by Rich on Jul 23, 2010 11:08:57 GMT -5
That's it for me, sold FAS sep 25 calls. Still holding MGM shares.
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