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Post by Cosmic on Aug 26, 2010 19:33:39 GMT -5
I dunno... doesn't look good. I want to play a straddle.
Baby bear or baby bull.
Trend is down.
Opex is tomorrow.
coin flip is: Baby bull
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Post by Clinton SPX on Aug 26, 2010 19:44:32 GMT -5
Baby bull, SPY to 103 then a rally to DOW +20
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Post by demanuel2001 on Aug 26, 2010 19:53:16 GMT -5
Nothing's working for me this week - so it's cow patty time and I vote BEAR.
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Post by Rich on Aug 26, 2010 19:55:07 GMT -5
Man, it's goin down.
Bear.
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 26, 2010 19:56:34 GMT -5
fun trivia - FAS and FAZ are the same price... talk about on the fence... LOL!
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 26, 2010 20:12:36 GMT -5
fun trivia - FAS and FAZ are the same price... talk about on the fence... LOL! Well, look at that... you are right...FAS/FAZ $17.40 AH... too funny. I would like to call that the upside down death cross with a coffin on top... even worse than the 50mda penetrating the 200mda... lol Looks like the 50 and the 200 have started to distance themselves again over the past few of days... not a good sign either. I think we are definitely headed south for the winter. Good luck, sowolf-
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 26, 2010 20:13:07 GMT -5
Forgot to make my call for tomorrow... BEAR sowolf-
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Post by cosmic on Aug 26, 2010 20:16:39 GMT -5
FAZ and FAS the same price? Not even relatively speaking lol.
After splits, FAZ is still a whopping 1.70, up from a low of .85. FAS I have no idea, but on the 3fer basis, it's at 51, which is pretty darn low. Scary low.
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Post by cosmic on Aug 26, 2010 20:17:15 GMT -5
Down from a high of like 1000, to 1.70. Poor etfking.
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Post by blueskies on Aug 26, 2010 20:34:07 GMT -5
tough one...I'm watching ES right now, it's weak. we didn't close the upper gap, so guess we're leaving it for some other day. we closed under 1050 and under 10K.
may trade in a range.... 1037.50 to 1050. sigh....
toss up between baby bear and full bear suit but think i'll wear the full bear suit tomorrow.
blue
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Post by blueskies on Aug 26, 2010 20:34:55 GMT -5
of course there are so many bears... it'll be bull. LOL.
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 26, 2010 20:35:14 GMT -5
Down from a high of like 1000, to 1.70. Poor etfking. Too True...hope you caught my lol... According to my records FAZ's high ( adjusted split price) was $1655 compared to FAS's high of $53 - translated another way a 99% decrease for FAZ verses a 68% decrease for FAS (from their highs). But you can make money on either (up and down). In fact if you think about it... shorting FAZ "stock" from its high would have yielded 940% on your money, while shorting FAS stock from its high would have only yielded 204%.
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Post by Rothschild on Aug 26, 2010 20:47:25 GMT -5
Well I voted baby bull yesterday and got the baby bull and bailed quickly. We are likely gonna get some bad news Friday and maybe the big boys from behind the door were tipped off and they exited??? I thought it could be a fake out after the bell but with the moving averages all declining and with the pattern of lower highs and lower lows the evidence suggests we are in for a nice gap down and then possibly we might get some bargain shopping? I am voting bear for friday; at least the first hour of trading and then we will see.
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Post by ccash04 on Aug 26, 2010 21:03:35 GMT -5
Going Bull. Move to 1300 has begun. This is it
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 26, 2010 21:03:38 GMT -5
oh in regards to Fas/Faz - I'm holding FAZ so - BEAR BABY!
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Post by brosin on Aug 26, 2010 22:07:06 GMT -5
Good lord, 8 bears to 3 bulls?
The Bear Bus is well on the road. Futures are only christmas red (I had to go look)!
I don't feel bullish tomorrow, but I can't let us get overpowered like that. Big Torr Poupon Bull!
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Post by deadmoney95 on Aug 26, 2010 22:08:36 GMT -5
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Post by brosin on Aug 26, 2010 22:11:45 GMT -5
Down from a high of like 1000, to 1.70. Poor etfking. Too True...hope you caught my lol... According to my records FAZ's high ( adjusted split price) was $1655 compared to FAS's high of $53 - translated another way a 99% decrease for FAZ verses a 68% decrease for FAS (from their highs). But you can make money on either (up and down). In fact if you think about it... shorting FAZ "stock" from its high would have yielded 940% on your money, while shorting FAS stock from its high would have only yielded 204%. How can you short something and make over 100%?
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Post by zabee on Aug 26, 2010 22:30:06 GMT -5
ccash a +1 Karma for you for being positive :-)
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Post by zabee on Aug 26, 2010 22:31:28 GMT -5
Oh by the way I am a baby bull...too many crappy days plus we may need some spending money for the labor day weekend. So the market will turn positive starting tomorrow. The SECRET!!
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Post by Rich on Aug 26, 2010 22:42:47 GMT -5
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Post by bellevuetrader on Aug 26, 2010 22:45:17 GMT -5
Brosin...make that 9 bears vs. 3 bulls. I do thing this bear run is comin to an end though!
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Post by theMIST on Aug 26, 2010 22:48:12 GMT -5
As V would say -- fall off a cliff! Final flush out before we bounce! V BEAR!
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Post by benvestor on Aug 26, 2010 22:49:03 GMT -5
It seems too obvious, too simple, too logical.. but going with BEAR
Could somehow be bull as well.. Ben spins a good tale, GDP not revised uber low, ppl buying the bottom with vigor.. we will see, but momentum is to the downside atm
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Post by puurfectten on Aug 26, 2010 22:50:31 GMT -5
...
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Post by blueskies on Aug 26, 2010 22:51:08 GMT -5
As V would say -- fall off a cliff! Final flush out before we bounce! V BEAR! [/quotel as it's a large bowlful, it may take more than one flush! ;D
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Post by Clinton SPX on Aug 26, 2010 23:27:47 GMT -5
They better stop buying the futures, they are going to screw everything up.
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Post by Clinton SPX on Aug 26, 2010 23:40:35 GMT -5
If they run the futures over 1055 then they're going for a gap up bear trap. Holy shit that will be ballsy if thats what they are up to. 12 bear votes.atm Attachments:
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Post by torrentio1 on Aug 27, 2010 0:34:47 GMT -5
BULL
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Post by benvestor on Aug 27, 2010 0:57:17 GMT -5
wow 12 to 4.. ask the audience is right most of the time
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