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Post by Clinton SPX on Jan 26, 2012 10:47:33 GMT -5
OK this feels like the low pivot
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Post by Clinton SPX on Jan 26, 2012 10:48:58 GMT -5
shit fooled me again
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Post by Clinton SPX on Jan 26, 2012 10:53:25 GMT -5
OK added to my earlier scalp that it for today
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Post by Clinton SPX on Jan 26, 2012 10:53:58 GMT -5
JPM is back above the 200ma10 thats a good sign
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Post by novice08 on Jan 26, 2012 10:57:25 GMT -5
The excuse du jour is new home sales terrible. Worst on record ever since numbers began in 1963. QE 4/5/6 here we come!
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Post by elle on Jan 26, 2012 11:00:25 GMT -5
here's waht's good tho, gis calls up even with its nonsense
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Post by rjboni on Jan 26, 2012 11:01:48 GMT -5
The excuse du jour is new home sales terrible. Worst on record ever since numbers began in 1963. QE 4/5/6 here we come! Love how the media can turn healthy market moves into a headline--it never fails. Dow drops a few % after a 30 day rally...Not because of profit taking...but because Merkel said something gloomy!!!!!!!!!!!!
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Post by jack on Jan 26, 2012 11:03:26 GMT -5
Today starting to feel like potential short term top. I have to admit, I went for some sktilles this morning. LOL Gonna need more than Skittles from the looks of it - the volume's rate is 17% more than yesterday on the NYSE: the insties are back and it appears that they are selling. ...but who knows not me that's fer damn sure.
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Post by Clinton SPX on Jan 26, 2012 11:10:40 GMT -5
Low Pivot was at 11:00
commods are telling me we float up from here
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Post by Clinton SPX on Jan 26, 2012 11:12:32 GMT -5
lets get the EU close over with though
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Post by jack on Jan 26, 2012 11:14:54 GMT -5
lets get the EU close over with though I was gonna say something about that but remembered we have international citizens here. lol!!!
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Post by Clinton SPX on Jan 26, 2012 11:26:20 GMT -5
OFF to work BBL GL Traders
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Post by theMIST on Jan 26, 2012 11:41:06 GMT -5
Had to eject out of that Bear Candy Van. Was like a scene out of Cheech and Chongs. LOL
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Post by walnut on Jan 26, 2012 11:43:47 GMT -5
I got flushed out of my option spread, gave up some of my profits. Back in, immediate hit, but should sort itself out. Tricky day
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Post by jack on Jan 26, 2012 11:50:28 GMT -5
Had to eject out of that Bear Candy Van. Was like a scene out of Cheech and Chongs. LOL Rob - When i was a young buck working at Bookhaven and living in Port Jeff the bartenders used to call me and my buddy partner in crime (who was a PhD physicist) "Cheech & Chong" When we left the area the bartenders realized they were gonna have trouble paying for their first-borns' college education!!! Bwhahahahahaha!
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Post by theMIST on Jan 26, 2012 12:19:31 GMT -5
H&S patterns forming. May have to get some more skittles. LOL
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Post by Clinton SPX on Jan 26, 2012 12:29:28 GMT -5
Big Volume on GPL today
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Post by walnut on Jan 26, 2012 12:52:05 GMT -5
holding steady now
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Post by ask2lern on Jan 26, 2012 12:52:18 GMT -5
Currently looks like the 200d SMA on the 5 min is support...........it likes to ride this and then rip good............look at it with the 5d and 20 d..........looks like the 5d is trading in between the 20 and the 200...............generally what ever breaks determines direction................. I watch for TICK/VOLUME confirmation and a body close above or below not a tail................
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Post by ask2lern on Jan 26, 2012 13:01:00 GMT -5
I am not trading but if I were I would grab 100 SPY JAN 27th 128 calls for a scalp.................... ;D
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Post by walnut on Jan 26, 2012 13:04:47 GMT -5
do it!
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Post by jack on Jan 26, 2012 13:05:46 GMT -5
Here's some history revisionism for ya: "Don't Fire Until You see the White of Their Eyes" The origin of this alleged command to the American patriots at Bunker Hill on 17 June 1775 may have been Col. William Prescott's order to reserve fire and aim low because powder was scarce. Reputedly Israel Putnam passed on the order in these words: "Men, you are all marksmen—don't one of you fire until you see the white of their eyes." The British won the battle, but the patriots' stubborn resistance at Bunker Hill became a symbol of American resolve. Read more: www.answers.com/topic/don-t-fire-until-you-see-the-white-of-their-eyes#ixzz1kaZOJuld
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Post by jack on Jan 26, 2012 13:13:53 GMT -5
Something about Nike announced?
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Post by theMIST on Jan 26, 2012 13:14:38 GMT -5
H&S appear to be continuation patterns and so far this is nothing more than just consolidation.
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Post by ask2lern on Jan 26, 2012 13:18:52 GMT -5
this is nothing more than just consolidation. She never believed me when I said that................... ;D
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Post by jack on Jan 26, 2012 13:31:00 GMT -5
this is nothing more than just consolidation. She never believed me when I said that................... ;D "I was in the pool!!!"
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Post by theMIST on Jan 26, 2012 13:34:49 GMT -5
lol Jack
I may have spoke too soon
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Post by ask2lern on Jan 26, 2012 13:43:51 GMT -5
I am not trading but if I were I would grab 100 SPY JAN 27th 128 calls for a scalp.................... ;D And another failed signal of mine once again demonstrates that the sidelines are still the place for me....................also don't have time to baby sit tick by tick....................
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Post by jack on Jan 26, 2012 13:47:43 GMT -5
lol Jack I may have spoke too soon "YIKES!!!"
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Post by theMIST on Jan 26, 2012 14:11:12 GMT -5
Here's the small H&S I'm watching. Measures 1306ish if it plays out. S&P 5 min chart
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