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Post by Clinton SPX on Nov 2, 2011 9:48:15 GMT -5
looks like everyones waiting for QE later today
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Post by herceg1967 on Nov 2, 2011 9:48:24 GMT -5
we shall just pretend oil consumption is up, house sales are up and people are getting jobs. Just my $.02............the expectation of high travel during the holidays, but I highly doubt it will come to fruition...............thanks to your other two points.............jobs and housing...............
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Post by Rich on Nov 2, 2011 9:50:02 GMT -5
transports more bullish looking chart than other indices
slightly
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Post by natsalilfly on Nov 2, 2011 9:51:37 GMT -5
transports more bullish looking chart than other indices slightly financials doing nicely
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Post by Clinton SPX on Nov 2, 2011 11:21:48 GMT -5
Low vol sell off last hour. Isnt that backwards?
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Post by Rich on Nov 2, 2011 11:25:39 GMT -5
hesitantly waiting.
I have a date with a chimney.
sexy thing
see you guys tonight
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Post by natsalilfly on Nov 2, 2011 11:29:02 GMT -5
Low vol sell off last hour. Isnt that backwards? no reason to sell today
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Post by natsalilfly on Nov 2, 2011 11:32:43 GMT -5
low vol sell off reminiscent of BTFD
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Post by Clinton SPX on Nov 2, 2011 11:38:11 GMT -5
DJ Irish End-October Budget Deficit EUR22.2B Vs EUR14.4B Year Ago
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Post by novice08 on Nov 2, 2011 11:42:25 GMT -5
No policy changes per msnbs...
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Post by Clinton SPX on Nov 2, 2011 11:47:53 GMT -5
shorting fins here
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Post by Clinton SPX on Nov 2, 2011 11:50:10 GMT -5
UUP spiking
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Post by Clinton SPX on Nov 2, 2011 11:57:37 GMT -5
mr market doesnt care
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Post by Clinton SPX on Nov 2, 2011 11:58:41 GMT -5
crude oil cares, coming down a little now
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Post by novice08 on Nov 2, 2011 11:59:53 GMT -5
don't know what you mean, he's falling.
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Post by Clinton SPX on Nov 2, 2011 12:07:45 GMT -5
delayed reaction
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Post by novice08 on Nov 2, 2011 12:11:37 GMT -5
Heckuva dollar spike, looks like a bull trap, lol. Wonder if the 2:30 statement will make any diff?
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Post by crumbdon on Nov 2, 2011 12:16:21 GMT -5
Specific stocks, or just an ETF?? Just curious what you're seeing that I'm missing. Most banks showing good relative strength today. Unless you're pretty sure of a big market drop by EOD, it seems a little risky here. GL, Clint
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Post by Clinton SPX on Nov 2, 2011 12:20:59 GMT -5
ETF
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Post by natsalilfly on Nov 2, 2011 12:46:59 GMT -5
I could be wrong, but I think financials take over from here.
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Post by Clinton SPX on Nov 2, 2011 12:50:48 GMT -5
why?
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Post by natsalilfly on Nov 2, 2011 12:53:39 GMT -5
nah, shoulda checked the BBs first (just got back from a walk). Consolidate rest of day, take over the world tomorrow. Yeah!
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Post by herceg1967 on Nov 2, 2011 13:00:52 GMT -5
I could be wrong, but I think financials take over from here. Nat, not sure of size of position in FAS, but why would you not take $.45 when it touched $13.90 if you got in yesterday at $13.45...........Just curious............
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Post by natsalilfly on Nov 2, 2011 13:13:10 GMT -5
I could be wrong, but I think financials take over from here. Nat, not sure of size of position in FAS, but why would you not take $.45 when it touched $13.90 if you got in yesterday at $13.45...........Just curious............ That is a good question and I considered it. It would have been smart. This area can really go either way, actually. But sometimes with FAS you have to give it wiggle room, which sometimes means exiting for a small loss. We'll see.
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Post by Clinton SPX on Nov 2, 2011 13:15:39 GMT -5
Charlie Gasparino says Fox Business has learnt that Congressional Democrats are discussing expansion of Volcker Rule's proprietary ban to non-bank firms
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Post by herceg1967 on Nov 2, 2011 13:15:58 GMT -5
Nat, not sure of size of position in FAS, but why would you not take $.45 when it touched $13.90 if you got in yesterday at $13.45...........Just curious............ That is a good question and I considered it. It would have been smart. This area can really go either way, actually. But sometimes with FAS you have to give it wiggle room, which sometimes means exiting for a small loss. We'll see. Thank you................I guess, I've learned to take what I can and wait...........otherwise I usually end up on the losing side due to lack of patience............. BOL to you !!!!!
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Post by natsalilfly on Nov 2, 2011 13:22:57 GMT -5
That is a good question and I considered it. It would have been smart. This area can really go either way, actually. But sometimes with FAS you have to give it wiggle room, which sometimes means exiting for a small loss. We'll see. Thank you................I guess, I've learned to take what I can and wait...........otherwise I usually end up on the losing side due to lack of patience............. BOL to you !!!!! Yeah, sometimes I think of the accounting term LIFO - since I didn't get the sub $13 low entry, "last in first out" would have been a good play. As I said, the sell sign went off in my head at $13.90, and I ignored it, too early to tell how good a decision that was
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Post by dino on Nov 2, 2011 13:43:11 GMT -5
the way things are painting, i think this breaks down. maybe a knee-jerk reaction. iyr, iwm, rifin, minis - all in either bear flags or bearish triangles. intra-day, 5-10 min.
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Post by natsalilfly on Nov 2, 2011 13:46:07 GMT -5
I'll say what I'm really looking for here is the MACD on the DOW to kiss it's signal line, uncurl & head upward forcing a stochastics reversal. I think yesterday was a pivot, and the 200ma will act like a magnet, but it will take some good strength for this to happen and of course it may not. The longer we consolidate here, today, the better.
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Post by natsalilfly on Nov 2, 2011 13:58:30 GMT -5
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