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Post by crumbdon on Nov 1, 2011 9:31:24 GMT -5
Not that I think it will happen, but what a psychological kick in the filberts it would be to the bears if this simply got bought slowly and steadily alllllll...daaaaay....looooong...
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Post by natsalilfly on Nov 1, 2011 9:33:17 GMT -5
Negative MACD/Stochastics divergence showing up on the FAS chart...flattening RSI...morning bounce looks to be weakening or moving to consolidate - getting bought - pretty much weakness seems to be getting bought this morning.
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Post by crumbdon on Nov 1, 2011 9:33:36 GMT -5
Relative strength slowly but steadily improving on FAS since the open. Hmmmm....
A month ago, FAS would have been down twice this amount on a day like this.
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Post by Clinton SPX on Nov 1, 2011 9:42:43 GMT -5
dip buyers are ignoring the fundamentals for the gap down. Dangerous game, probably betting on QE3
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Post by Clinton SPX on Nov 1, 2011 9:43:33 GMT -5
market is nothing but speculators betting on bailouts of dif kinds
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Post by natsalilfly on Nov 1, 2011 9:44:25 GMT -5
A dollar gain in FAS since the open, but that was risky for whoever played it.
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Post by crumbdon on Nov 1, 2011 9:53:17 GMT -5
A dollar gain in FAS since the open, but that was risky for whoever played it. Yeah- the bummer for me is that I had a lowball buy in for 12.70 at the open that I missed by less than a dime. Kinda like last week when I had a similar attempt at FAZ that I missed by less than a quarter. My cheapskatedness has cost me two really good trades lately.
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Post by natsalilfly on Nov 1, 2011 9:53:36 GMT -5
negative divergence holding with RSI now slightly angled down again on 30m 10 day chart, it takes a while for indicators to reliable show what's going on after a drastic move and answer like this
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Post by natsalilfly on Nov 1, 2011 9:56:27 GMT -5
VXX, on the other hand showing positive divergence and flat RSI, sorta struggling here though
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Post by natsalilfly on Nov 1, 2011 9:59:11 GMT -5
VXX FAS divergences playing out now, I love watching those on the 10d 30 min charts and find they mostly follow through as expected.
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Post by natsalilfly on Nov 1, 2011 10:13:01 GMT -5
FAS is pretty stubborn here, it's a testament to the strength of our last bull run.
I don't know if I'll do anything in the market today. Some of you may remember I homeschool my daughter who is now a 9th grader. Sometimes she's very independent but sometimes not. She's dragging her sleepy behind to school now so we'll see how the next hour goes for us.
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Post by ask2lern on Nov 1, 2011 10:23:38 GMT -5
Got busy.......anyway here is what I am watching on SPY.......watching 122.69 as S and 123.87 as R................scalping in that range both calls and puts......breakes either that is the wat we go IMO...............GLTA
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Post by natsalilfly on Nov 1, 2011 10:37:18 GMT -5
an order of 1,000,000+ just flashed on SPY
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Post by ask2lern on Nov 1, 2011 10:50:03 GMT -5
Back to watching to see if 121.69 will hold........................GLTA Nite nite Greece..................
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Post by ask2lern on Nov 1, 2011 10:52:20 GMT -5
an order of 1,000,000+ just flashed on SPY In years of watching level 2 I have neve found those big blocks to provide any edege IMO...............now if you get several crossing on the ask that I have found is bullish ST.....................GL
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Post by ask2lern on Nov 1, 2011 10:57:31 GMT -5
If the margin chatter on the Italian bonds comes to be it could get real ugly real fast IMO.................stepping to the sidelines for now................GLTA
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Post by ask2lern on Nov 1, 2011 11:46:07 GMT -5
grassosteve Steve Grasso by Mark4124NH on a daily basis , now watch 1215 to hold or its lower lows 16 minutes ago Favorite Retweet Reply
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Post by Clinton SPX on Nov 1, 2011 11:47:40 GMT -5
I knew this would happen the second I sold my SSN
11-01 12:32: KKR (KKR) said to hold exclusive talks to buy Samson Oil (SSN)
but Im not going into a shit storm long
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Post by Clinton SPX on Nov 1, 2011 11:48:46 GMT -5
11-01 12:32: Ford Motors (F) October total US light-vehicle sales up 6.2%
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Post by Clinton SPX on Nov 1, 2011 11:54:13 GMT -5
This is funny
News Headline Summary
(Economic commentary)
Greek referendum is not the right move according to a Spanish government spokesman
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Post by ask2lern on Nov 1, 2011 12:01:55 GMT -5
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Post by ask2lern on Nov 1, 2011 12:02:56 GMT -5
looks like we lost the 121.69.........better get back quick or sellers should show up.......................
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Post by Clinton SPX on Nov 1, 2011 12:13:38 GMT -5
DJ Mercedes-Benz USA Oct Sales Up 28.2% From Yr Ago
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Post by ask2lern on Nov 1, 2011 12:15:43 GMT -5
DJ Mercedes-Benz USA Oct Sales Up 28.2% From Yr Ago Corzine bought all his employees one and thats why they cant find the $$$$..................
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Post by Clinton SPX on Nov 1, 2011 12:19:53 GMT -5
Big Money is playing here. I think they flush it out into the close
maybe close -400
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Post by exabi on Nov 1, 2011 12:33:41 GMT -5
Someone hit the buy switch....100 pt gain on the dow in 4 minutes
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Post by natsalilfly on Nov 1, 2011 12:35:11 GMT -5
Someone hit the buy switch....100 pt gain on the dow in 4 minutes I know, I just got back and switched computers, was having trouble logging in, etc, and that's when it jumped. So weird.
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Post by Clinton SPX on Nov 1, 2011 12:36:03 GMT -5
probably detected too many shorts w tight stops so they dropped the dollar to trigger the black boxes
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Post by ask2lern on Nov 1, 2011 12:37:02 GMT -5
weeeeeeeeeeeeeeeeeeeeee
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Post by Clinton SPX on Nov 1, 2011 12:38:06 GMT -5
cant change the fact the EU is imploding
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