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Post by Clinton SPX on Aug 10, 2011 9:22:00 GMT -5
DTR says frozen platforms are abundant
what bullshit
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Post by elle on Aug 10, 2011 9:22:58 GMT -5
gld higher hi
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Post by brosin on Aug 10, 2011 9:25:42 GMT -5
gold futures are still very slightly below yesterday's top so far
who is puking up all these positions? even with not that strong of TICK readings, this just seems like forced selling.. once they're done we roar higher, right?
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Post by Clinton SPX on Aug 10, 2011 9:27:59 GMT -5
gold daily looking dangerously parabolic
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Post by elle on Aug 10, 2011 9:29:30 GMT -5
hit sloops b/t line, if we gonna bounce, we gotta do it
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Post by elle on Aug 10, 2011 9:30:25 GMT -5
gld 5' close back below
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Post by brosin on Aug 10, 2011 9:31:15 GMT -5
dare i say
this is about to be fun? (for bulls)
;D
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Post by brosin on Aug 10, 2011 9:40:36 GMT -5
come on bulls, don't be scared.
it seems like they less scared when the market is surging than when it is falling. shouldn't it be the opposite? i guess i just hate chasing ;D
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Post by brosin on Aug 10, 2011 9:42:12 GMT -5
by the way, there is that tin foil hat in me that wonders what exactly caused that last hour rally yesterday... haven't heard much PPT talk lately
if "they" did have something to do with it, i'd fully expect a repeat today then
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Post by brosin on Aug 10, 2011 9:49:04 GMT -5
futures are back to leading today by the looks of it (market reacting to them rather than vice versa as had been the case yesterday)
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Post by ccash04 on Aug 10, 2011 9:50:20 GMT -5
yesterday was purely short covering and a function of how oversold the market is, if you bought into it, my condolences.
The 2s10s sitting right at 200 bps now, basically saying there is a recession on the way (its at recession levels), market should be closer to 1000 w/these spreads.
Also w the curve this flat, how do banks make money, well they don't really.
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Post by brosin on Aug 10, 2011 9:54:17 GMT -5
yesterday was purely short covering and a function of how oversold the market is, if you bought into it, my condolences. The 2s10s sitting right at 200 bps now, basically saying there is a recession on the way, market should be closer to 1000 w/these spreads. is your point that it's not oversold anymore after 1 day? to someone who's been saying a recession is on the way for months, i'm not surprised by the recession chatter. i am surprised that everyone thinks it's going to be easy for bears now though
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Post by elle on Aug 10, 2011 9:56:33 GMT -5
gld bull flag or i/d h&s n/l 172.30?
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Post by ccash04 on Aug 10, 2011 9:59:42 GMT -5
bounces are purely selling opportunities... its pretty easy, short spy at end of a major accumulation day and now up over 3%.
its not going straight down like it did but its not going straight up after a major accumulation day.
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Post by ccash04 on Aug 10, 2011 10:02:58 GMT -5
2s10s now under 200 bps @ 198 bps!!!
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Post by brosin on Aug 10, 2011 10:03:00 GMT -5
as much as that does seem to be the easier way to play it
i made too much on 2008 by playing not only the big down moves but the bounces as well... catching one and then the other only a couple times will make for large paydays. the last week or so has been that way for me, but of course maybe my luck's about to run out
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Post by elle on Aug 10, 2011 10:05:05 GMT -5
a little surprised, exk, kog, longs not selling off big yet, seems to just be the spy traders
tired of watching, put in crazy buy/sell and take a break
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Post by elle on Aug 10, 2011 10:18:58 GMT -5
okay, I didn't make it out the door white lines Uploaded with ImageShack.us
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Post by Clinton SPX on Aug 10, 2011 10:25:18 GMT -5
Oil still has to be purchased with fiat. Im have a feeling price of oil will drop no farther
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Post by Rich on Aug 10, 2011 10:27:03 GMT -5
fins look horrific, I think they take us lower
european banks bad bad bad.
On the Bros/flip/close green side, real estate and rut not taking a horrible hit today. Even the transports are doing better than the dow.
But the banks...
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Post by Clinton SPX on Aug 10, 2011 10:27:15 GMT -5
Gold +1.8 Silver +1.3 Oil +1.3
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Post by Rich on Aug 10, 2011 10:30:32 GMT -5
commods looking better than equities for sure, would make one think things aren't as bad as they seem.
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Post by Rich on Aug 10, 2011 10:32:07 GMT -5
except coffee.
Coffee is coming down
YAHOO!
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Post by Clinton SPX on Aug 10, 2011 10:33:37 GMT -5
Shanghai closed up nicely. commods seem safer
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Post by Rich on Aug 10, 2011 10:35:24 GMT -5
the double dip could be greatly exaggerated.
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Post by Rich on Aug 10, 2011 10:41:25 GMT -5
Uploaded with ImageShack.uschief no like this pattern, looks to be on the edge
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Post by timber on Aug 10, 2011 10:48:06 GMT -5
i believe in gold now
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Post by Clinton SPX on Aug 10, 2011 10:49:03 GMT -5
Its just so parabolic looking
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Post by Rich on Aug 10, 2011 10:49:55 GMT -5
say no to gold
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Post by Clinton SPX on Aug 10, 2011 10:49:59 GMT -5
BUT at the same time Im not a believer in fiat
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