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Post by ask2lern on Nov 3, 2011 11:17:08 GMT -5
Every indicator I watch is screaming sell BUT the price action says buy.......................
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Post by crumbdon on Nov 3, 2011 11:19:25 GMT -5
Hey Nat- I know you trade FAS too (odd how few do in "FAStopia"!). Though I would certainly not call it strong today, have you noticed how much it has improved since the open. I'll be watching it closely during lunch to see how it behaves. If we get a market dip during lunch without FAS weakening on relative strength, I may buy back what I sold premarket.... I repeat: MAY!
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Post by natsalilfly on Nov 3, 2011 11:22:08 GMT -5
VXX still lurking. I've got chores, errands, and grandbabies coming over on top of maintaining 9th grader's schedule. Someday she'll be driving and I won't get to see her as much , so I'm happy to play chaffeur as long as possible. GL for now!
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Post by natsalilfly on Nov 3, 2011 11:24:56 GMT -5
Hey Nat- I know you trade FAS too (odd how few do in "FAStopia"!). Though I would certainly not call it strong today, have you noticed how much it has improved since the open. I'll be watching it closely during lunch to see how it behaves. If we get a market dip during lunch without FAS weakening on relative strength, I may buy back what I sold premarket.... I repeat: MAY! You made a great sell premarket! Yes, things seem to be consolidating and I thought about buying back too. But sometimes I just can't pull the trigger and I don't know exactly why. I may regret it or not. BOL! EXALT on your premarket sell ;D
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Post by crumbdon on Nov 3, 2011 11:33:01 GMT -5
You made a great sell premarket! Yes, things seem to be consolidating and I thought about buying back too. But sometimes I just can't pull the trigger and I don't know exactly why. I may regret it or not. BOL! EXALT on your premarket sell ;D Thanks, that was pure luck. I figured market would give back some at the open after the bloodbath in overnight futures, but didn't count on FAS getting weak in the knees. Hey, we both made money, no small accomplishment in today's market. I understand your apprehension to buy back- I feel it too. GL with kids today-I'm teaching my 17-yr old to drive right now, and losing the rest of my hair. Glad I still have a 13-yr old to stick around several more years. Good day to you!
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Post by ask2lern on Nov 3, 2011 11:37:53 GMT -5
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Post by ask2lern on Nov 3, 2011 11:39:17 GMT -5
Now looking for SPY 124.73 as S........................
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Post by ask2lern on Nov 3, 2011 11:42:04 GMT -5
seems any selling is quickly met with a buy program.............lot of chatter about a better then expected NFP................
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Post by Clinton SPX on Nov 3, 2011 12:05:25 GMT -5
seems any selling is quickly met with a buy program.............lot of chatter about a better then expected NFP................ I noticed a euro buy program every time JPM would touch the 20ma10
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Post by Clinton SPX on Nov 3, 2011 12:06:31 GMT -5
oil is over 94 WTF we have a 2mil barrel build
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Post by ask2lern on Nov 3, 2011 12:14:27 GMT -5
There we go the VIX has started to act like it should.............Cobras looking for a pullback now FWIW...............GLTA
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Post by ask2lern on Nov 3, 2011 12:16:54 GMT -5
Ok now lets go for that gap up at 128.34...................
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Post by crumbdon on Nov 3, 2011 12:21:04 GMT -5
There we go the VIX has started to act like it should.............Cobras looking for a pullback now FWIW...............GLTA Pullback in VIX, or in broad market?
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Post by crumbdon on Nov 3, 2011 12:23:37 GMT -5
Very similar price action to last Thursday on SPY (well everything since were are almost 100% correlated) where we sold off a big gap up until 10:30 and then grinded higher...................currently watching SPY range of 124.15-125.07 for now......................GLTA Exalt for that astute observation! Another later if we close at HOD!
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Post by ask2lern on Nov 3, 2011 12:29:44 GMT -5
There we go the VIX has started to act like it should.............Cobras looking for a pullback now FWIW...............GLTA Pullback in VIX, or in broad market? Thanks for the exalt...............I was referring to the VIX getting clobbered down...............most days when BUY programs are running the vix drops are significant and rapid but up until that 1250 E mini squeeze it was not falling like it normally does............I watch it on a 1 min chart so moves appear more pronounced............I would still be cautious with it over 30..........well I am very leery of these markets and expect a "no bid" market someday but for now I am just enjoying the volatility and the money to be made.........I am all cash for the most part and close most positions by EOD.........................GL
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Post by natsalilfly on Nov 3, 2011 12:53:42 GMT -5
Nice parabolic SAR switch on FAS on 10d/30 min. Sad to be out right now but this Greek drama/tragedy may finally be squashed! This speaks loudly that the BS is done.
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Post by ask2lern on Nov 3, 2011 13:44:32 GMT -5
If this pattern continues to mirror last Thursday it dumps a bit into the close about 15 points.......I know that seems hard to beleive at this point..............GL
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Post by dino on Nov 3, 2011 13:51:19 GMT -5
If this pattern continues to mirror last Thursday it dumps a bit into the close about 15 points.......I know that seems hard to beleive at this point..............GL a 15 point drop from here would form a head and land at the neckline of yet another possible h&s on the minis. lol...
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Post by crumbdon on Nov 3, 2011 13:51:54 GMT -5
If this pattern continues to mirror last Thursday it dumps a bit into the close about 15 points.......I know that seems hard to beleive at this point..............GL That's OK...I can handle 15 DOW pts.- no big deal! Eewww, wait a minute--did you mean.....?
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Post by natsalilfly on Nov 3, 2011 13:53:43 GMT -5
If this pattern continues to mirror last Thursday it dumps a bit into the close about 15 points.......I know that seems hard to beleive at this point..............GL Comparing it to last Thursday, it appears weaker in these respects - On the 10 day 30 min, we were much higher off the 50 at this point, much better SAR & MACD. JMO
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Post by natsalilfly on Nov 3, 2011 13:56:44 GMT -5
It actually reminds me of Wed... which would be a buy, but I'm so confused by the Greco-Roman Trage-drama
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Post by ask2lern on Nov 3, 2011 14:00:55 GMT -5
If this pattern continues to mirror last Thursday it dumps a bit into the close about 15 points.......I know that seems hard to beleive at this point..............GL Comparing it to last Thursday, it appears weaker in these respects - On the 10 day 30 min, we were much higher off the 50 at this point, much better SAR & MACD. JMO Agreed and the 20D SMA popped nicely above the 50 last Thursday where as today it is just now trying to poke above.......................GL
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Post by ask2lern on Nov 3, 2011 14:02:40 GMT -5
3:01 TICK over +1000..................UK always said that was bullish into the close.......................GLTA
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Post by ask2lern on Nov 3, 2011 14:05:59 GMT -5
Tangletrade Timothy Collins by Dmoneydtx Trading the $SPX right now is like bull riding. If you can hold your position for longer than 8 seconds and not get hurt, you're a winner. 12 minutes ago Favorite Retweet Reply
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Post by natsalilfly on Nov 3, 2011 14:10:56 GMT -5
Well I certainly can't buy anything and go out right now, so gotta make some kiddo runs. Market will have to go on without me for today.
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Post by Clinton SPX on Nov 3, 2011 14:14:36 GMT -5
Keep buying bots, everything is fine
Will Meredith Whitney Be Proven Right In The End? Submitted by Tyler Durden on 11/03/2011 - 14:23 Bond Consumer Confidence Italy Medicare Meredith Whitney Muni Bonds Personal Income ratings Unemployment We noted, in September, that corporate bond downgrades were outpacing upgrades very notably and today we get the other side of that with Moody's noting that in Q3, Muni downgrades outweighed upgrades by the most since the financial crisis began. At 5.3 to 1, the third quarter of 2011 had the highest downgrade-to-upgrade ratio of any quarter for the U.S. public finance sector since the onset of the financial crisis in 2008.
"A rapid deterioration in credit metrics led to a higher-than-average 14 multi-notch downgrades."
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Post by ask2lern on Nov 3, 2011 14:32:08 GMT -5
SPX 1260 buy stops getting hit good.......................GL
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Post by Clinton SPX on Nov 3, 2011 14:47:12 GMT -5
I have to believe at this point that QE3 has started, just that the only ones notified were the primary dealers
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Post by crumbdon on Nov 3, 2011 17:04:04 GMT -5
If this pattern continues to mirror last Thursday it dumps a bit into the close about 15 points.......I know that seems hard to beleive at this point..............GL Another exalt for being wrong about this! (Alright, I guess you weren't really predicting it)
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