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Post by walnut on Jan 27, 2012 12:42:45 GMT -5
If the dollar keeps dropping like that it will continue to prop things up
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Post by elle on Jan 27, 2012 12:44:09 GMT -5
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Post by jack on Jan 27, 2012 12:45:57 GMT -5
I got out of that scrape at about even, but am still not convinced, the bulls may have lots more cash to shovel into the furnace. Funny....a few years ago they used to say "Cash is king".....that doesn't seem to have the same cache as it once did now, does it(?)
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Post by walnut on Jan 27, 2012 12:47:47 GMT -5
squirrels ate most of the cash I was holding.
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Post by Clinton SPX on Jan 27, 2012 12:48:09 GMT -5
I call this the 20ma lid Ive bet against this many times in the past and lost The lid 90% ends the day at the LOD Attachments:
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Post by Clinton SPX on Jan 27, 2012 12:49:09 GMT -5
this is what it looks like when someone with a very large position takes profits
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Post by elle on Jan 27, 2012 12:54:25 GMT -5
I hate some of my stocks, JRCC just flops around while PCX is streamlining
As much as GIS conservative moves bug me, they do know how to do it. They sell it off when other stocks are topping and people run in and buy it. That's how they stay strong over the long haul.
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Post by Rich on Jan 27, 2012 13:20:06 GMT -5
strange day, but the transports and small caps are green.
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Post by Clinton SPX on Jan 27, 2012 13:32:09 GMT -5
HERE COMES THE jpm FLUSH
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Post by crumbdon on Jan 27, 2012 13:42:36 GMT -5
Yeah, but it's being countered by the GS/WFC fluff. Hard to call fins today, but overall stronger than last 2 days.
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Post by crumbdon on Jan 27, 2012 13:56:17 GMT -5
I call this the 20ma lid Ive bet against this many times in the past and lost The lid 90% ends the day at the LOD So Clint, you're suggesting this pattern usually breaks down by EOD? Just making sure I understand you here. Thanks
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Post by Clinton SPX on Jan 27, 2012 14:02:06 GMT -5
radio news just said gov spending fell 4.5%
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Post by Clinton SPX on Jan 27, 2012 14:02:28 GMT -5
I call this the 20ma lid Ive bet against this many times in the past and lost The lid 90% ends the day at the LOD So Clint, you're suggesting this pattern usually breaks down by EOD? Just making sure I understand you here. Thanks usually
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Post by Clinton SPX on Jan 27, 2012 14:06:08 GMT -5
everyone thats buying will have a tight stop. So if someone big sells it triggers a cascade.
Just not a formation I like going long against mid day
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Post by Clinton SPX on Jan 27, 2012 14:10:09 GMT -5
and many times if there is EOD buying it creates a spirit of bear flag for the next day
So im going sit this out in cash
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Post by Rich on Jan 27, 2012 14:10:57 GMT -5
weird pattern to the 5 min spx
it ain't right
something's up
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Post by jack on Jan 27, 2012 14:16:07 GMT -5
everyone thats buying will have a tight stop. So if someone big sells it triggers a cascade. Just not a formation I like going long against mid day Busted thru your "20MA lid" tho....and the intersection of that and the 200 keeps being averted....
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Post by Clinton SPX on Jan 27, 2012 14:26:10 GMT -5
weird pattern to the 5 min spx it ain't right something's up better safe than sorry
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Post by Clinton SPX on Jan 27, 2012 14:27:34 GMT -5
everyone thats buying will have a tight stop. So if someone big sells it triggers a cascade. Just not a formation I like going long against mid day Busted thru your "20MA lid" tho....and the intersection of that and the 200 keeps being averted.... usually happens once towards the EOD. I have bought that breakout only to get screwed later
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Post by jack on Jan 27, 2012 14:30:07 GMT -5
Busted thru your "20MA lid" tho....and the intersection of that and the 200 keeps being averted.... usually happens once towards the EOD. I have bought that breakout only to get screwed later That bad scene 20/200 confluence now back on track within an hour - WORST timing for a 3:30pm on sell-off.
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Post by crumbdon on Jan 27, 2012 14:31:01 GMT -5
Good info, Clint. Something to watch for sure. +1
Couple of the banks trying to help keep things lifted. Much indecision in the market right now.
GL everyone.
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Post by Rich on Jan 27, 2012 14:31:59 GMT -5
dog's doin' a tap dance on the kitchen floor, gotta take him out.
I wouldn't be surprised to see a 10 pnt move by the time I get back...
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Post by jack on Jan 27, 2012 14:33:48 GMT -5
Good info, Clint. Something to watch for sure. +1 Couple of the banks trying to help keep things lifted. Much indecision in the market right now. GL everyone. Reminds me of this:
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Post by jack on Jan 27, 2012 14:41:54 GMT -5
dog's doin' a tap dance on the kitchen floor, gotta take him out. I wouldn't be surprised to see a 10 pnt move by the time I get back... Buddy just came by on his bike w/ his hyper yorkie wearing motorcyc glasses and all....the dog did more than a tapdance on the kitchen floor tho.....little shit that he is....
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Post by jack on Jan 27, 2012 14:47:23 GMT -5
Gotta split....will miss the close so y'all have a great weekend ya hear!
...but before I disappear, what do you think the chances of the PPT keeping the Markets propped up another 2 days to get the full "January Effect" then on Feb 1 the volume (and selling) comes back with a vengeance and wipes a LOT of suckers out?
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Post by Clinton SPX on Jan 27, 2012 14:57:42 GMT -5
looks like bulls feel safe
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Post by theMIST on Jan 27, 2012 14:58:43 GMT -5
nice bullish move. Would like to see S&P and DOW go green.
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Post by crumbdon on Jan 27, 2012 15:02:17 GMT -5
GS, MS, WFC all doing their share to make sure XLF does NOT spend any more time below 14.10.
(Disclosure- I'm secretly hoping for FAS to go back to 68-70 soon so I can go back in. Too risky way up here though)
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Post by novice08 on Jan 27, 2012 15:07:39 GMT -5
A green close would seal the deal. Want PMs to close at hod for confirmation and push toward 1750 and 35...common.
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Post by theMIST on Jan 27, 2012 15:18:40 GMT -5
You just knew that when 1313 held and they announced the Facebook IPO -- the markets were going to takeoff. GS and MS starting hitting HODs right after the announcement.
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