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Post by ccash04 on Mar 8, 2012 10:09:10 GMT -5
also negative money flow yesterday, seems like today should be a red day or at least a minimal gain day the day before greek PSI news
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Post by timber on Mar 8, 2012 10:09:58 GMT -5
notice how silver is down and zsl down together
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Post by Clinton SPX on Mar 8, 2012 10:15:12 GMT -5
i think they are setting up the shorters here
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Post by Clinton SPX on Mar 8, 2012 10:17:58 GMT -5
2 tails on gold and silver one more and we should be ready to rock
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Post by crumbdon on Mar 8, 2012 10:21:49 GMT -5
i think they are setting up the shorters here Unless the premarket was a setup for the longs, lol. I can see how it could go either way here. JPM has some heavy lifting to do, especially since BAC wants red. JPM a better representative of the "health" of the fins, but BAC price action has alot of power to move that sector if it wants to.
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Post by ccash04 on Mar 8, 2012 10:22:27 GMT -5
close out any shorts by europe close is usually a good rule of thumb this year.
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Post by ccash04 on Mar 8, 2012 10:23:23 GMT -5
still holding iwm short, thinking it goes to 79 but set stop for 79.75
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Post by Clinton SPX on Mar 8, 2012 10:28:42 GMT -5
dullest gap fill in a long while euro holding up well
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Post by Clinton SPX on Mar 8, 2012 10:31:13 GMT -5
looks like bottoming pattern on gold
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Post by ccash04 on Mar 8, 2012 10:31:43 GMT -5
when comparing to CONTEXT, market a little rich, by about 4 points. I use this website for a quick check against CONTEXT capitalcontext.com/intraday/If you don't have a bloomberg terminal right next to you, i should say
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Post by Clinton SPX on Mar 8, 2012 10:35:04 GMT -5
what does a little rich mean?
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Post by ccash04 on Mar 8, 2012 10:36:09 GMT -5
when compared to context (risk basket) its valued higher than where it would be when compared to CONTEXT
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Post by Clinton SPX on Mar 8, 2012 10:38:09 GMT -5
you mean its looking over bought?
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Post by Clinton SPX on Mar 8, 2012 10:41:53 GMT -5
bottoming pattern now ES and silver I have to think we boringly melt up from here
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Post by ccash04 on Mar 8, 2012 10:43:05 GMT -5
you mean its looking over bought? No i mean when you model it against context which is a risk basket, it should be a little lower context includes (dollar, bonds)
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Post by ccash04 on Mar 8, 2012 10:43:43 GMT -5
ya just looks like boring meltup esp after europe closes, closing IWM short for +0.30
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Post by Clinton SPX on Mar 8, 2012 10:51:52 GMT -5
peso just dropped and oil went verticle
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Post by timber on Mar 8, 2012 10:55:16 GMT -5
oh euro is about to take off here
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Post by Clinton SPX on Mar 8, 2012 10:55:21 GMT -5
if SPY prints green candle at 11:00am then bullish trend confirms above the 200ma10
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Post by Clinton SPX on Mar 8, 2012 10:56:03 GMT -5
oh euro is about to take off here insiders must know the greece outcome
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Post by Clinton SPX on Mar 8, 2012 11:00:34 GMT -5
theres the greenie so in theory the bull trend has confirmed
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Post by Clinton SPX on Mar 8, 2012 11:04:10 GMT -5
QQQ HOD
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Post by Clinton SPX on Mar 8, 2012 11:12:03 GMT -5
off to work, another busy day booked BBL GL Traders
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Post by ccash04 on Mar 8, 2012 11:14:06 GMT -5
support is if the market drops by .20 then its rabidly bought, im probably going to wait for PSI results/NFP before making any more moves...
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Post by elle on Mar 8, 2012 11:46:32 GMT -5
aapl at n/l 2 day ih&s
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Post by elle on Mar 8, 2012 11:48:07 GMT -5
aapl brings out the schadenfreude in me, I just want to see the bullish patterns fail
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Post by ask2lern on Mar 8, 2012 12:57:39 GMT -5
Looks like Mr. Market ate his spinach............ I am watching SPY 137.10 (high from Monday) then 138.19 (High from 2/29) as possible double tops........................lots of open gaps below but nkt seems to want higher and as long as easy money and no problems in Greece NFP comes in good we should look for 1400 I guess.................for some reason I cant shake the feeling like there is an anvil on a frayed piece of string hanging above the markets......................maybe I just worry to much........... ;D
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Post by elle on Mar 8, 2012 13:06:43 GMT -5
well, I'm off, maybe for day unless something changes. I hate days like this when the market is flying but everything I own long and short is down. oh, well, all I can do is set the stops and also stop watching.
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Post by ask2lern on Mar 8, 2012 13:10:16 GMT -5
I have SPY 136.73 as S currently..................................
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Post by ask2lern on Mar 8, 2012 13:26:28 GMT -5
ukarlewitz þ ukarlewitz Reminder: Feb NFP was a gap up and run. The prior 8 were all down. Net, NFP down 8 of last 9, fwiw $$
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