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Post by Cosmic on Oct 17, 2010 18:18:23 GMT -5
I have no idea for Monday, but my feeling is bearish as we hit the opex targets and now need to pull back. There are a number of potential pivots. As you can see we've moved roughly 100 points on the S&P, which is typical. However in this case, all 100 points were... UP!
Bear.
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Post by exabi on Oct 17, 2010 18:23:01 GMT -5
Little cute baby bear  |
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Post by sneaker09 on Oct 17, 2010 18:23:23 GMT -5
I'm hoping for a what were we thinking financial led rally. Insanity until the election.
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Post by Clinton SPX on Oct 17, 2010 18:41:13 GMT -5
Im hoping we get baby bull. Feels like we are at a top. back to 100% cash by Tuesday.
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Post by deadmoney95 on Oct 17, 2010 18:51:52 GMT -5
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Post by bellevuetrader on Oct 17, 2010 19:29:07 GMT -5
Big bull tomorrow...Gap 'N Run Kinda day...
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Post by Rich on Oct 17, 2010 19:37:12 GMT -5
I'll go with bull. Even a topping process has bullish days. Still the safest bet....for now.
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Post by blueskies on Oct 17, 2010 19:48:45 GMT -5
well, we could run a little higher but it feels so toppy here. i flipped a coin and a bear came up  |
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Post by Rothschild on Oct 17, 2010 19:49:37 GMT -5
Well, it feels bearish thus far but we have another POMO day for Monday, so we ought to get at least a baby bull I am thinkin. We did have a POMO friday too but thanks to OPEX it really didnt matter. Me thinks Bennie turns the bots on to buy some financials |
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Post by benvestor on Oct 17, 2010 19:55:30 GMT -5
tech/ retail VS bank/housing
Who will win.. I will go with baby bear for tomorrow.. but i think its going to be close
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Post by blueskies on Oct 17, 2010 20:02:45 GMT -5
Well, it feels bearish thus far but we have another POMO day for Monday, so we ought to get at least a baby bull I am thinkin. We did have a POMO friday too but thanks to OPEX it really didnt matter. Me thinks Bennie turns the bots on to buy some financials do you think??? idk... those daily candles on BAC look seriously bearish. friday's is hanging slightly below support for the past year anyway. ya never know... ben can come and save the day once again! |
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Post by puurfectten on Oct 17, 2010 20:46:49 GMT -5
 ....might need a couple of days...burn up the apple thing and gs/bac..bla..bla..bla...banks look like they could get a little bounce off support just below...but if they gap it past...the bounce might just be a gap close/re-test....opex muddied things up but still looking for an apple/fed style pop in the nas tomorrow...let's see...one thing is for sure..when they're done loadin up their shorts..there will be no confusion as to what's goin on... 
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Post by givememilion on Oct 17, 2010 21:12:45 GMT -5
All I wanted is BIG red day on the Asian markets. this will give enough reason to crash the US market atleast 2-3% in a day.. Its being a while we have seen such a big decline. as all the stats show that we are in a stealth bull market the sentiment will just give enough fuel to go us down..
My target is between 1150-1160 on S&p. gong below 1150 I will cover my shorts and also go long for the week. End of the week again so short whatever level S&p
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Post by brosin on Oct 17, 2010 21:29:01 GMT -5
FFR bullish on Friday, $NYSI & $NYMO looking good, futures not in a limit lock down, and by the looks of it a nice little Bear Jamboree session over the weekend...
Guess that makes me a bull for Monday ;D
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Post by blueskies on Oct 17, 2010 21:54:17 GMT -5
watching the futures tonight the new daily candle is just starting to break below that rising wedge ... it's still early though.... can turn around in a heartbeat... but i'm feeling a gap down in the morning is coming...
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Post by Rothschild on Oct 17, 2010 22:44:11 GMT -5
Well, it feels bearish thus far but we have another POMO day for Monday, so we ought to get at least a baby bull I am thinkin. We did have a POMO friday too but thanks to OPEX it really didnt matter. Me thinks Bennie turns the bots on to buy some financials do you think??? idk... those daily candles on BAC look seriously bearish. friday's is hanging slightly below support for the past year anyway. ya never know... ben can come and save the day once again! Hi Blue, Yeah Friday was vicious w/ fraudclosure news and most financials got whacked; It was a real washout volume wise and the option writers made a real killin. Well if we get that gap down, Ill dump my shares and buy back at 1150 or in the 1132s. Pomo is a very powerful tool Bennies got there. lets face it.... every single bank is hopelessly insolvent. We got a debt-based money system and we have both peak debt and peak credit to contend with. As such, most everyone is de-leveraging.  This is what is making the money supply vanish along with employment opportunities and it makes individuals,corporations, and nation-states spend less(with the exception of our government at the present time) I got a bullish bias until at least Nov 2 and after that we may get some flash crashes hitting the market |
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Post by blueskies on Oct 17, 2010 23:07:21 GMT -5
do you think??? idk... those daily candles on BAC look seriously bearish. friday's is hanging slightly below support for the past year anyway. ya never know... ben can come and save the day once again! Hi Blue, Yeah Friday was vicious w/ fraudclosure news and most financials got whacked; It was a real washout volume wise and the option writers made a real killin. Well if we get that gap down, Ill dump my shares and buy back at 1150 or in the 1132s. Pomo is a very powerful tool Bennies got there. lets face it.... every single bank is hopelessly insolvent. We got a debt-based money system and we have both peak debt and peak credit to contend with. As such, most everyone is de-leveraging. This is what is making the money supply vanish along with employment opportunities and it makes individuals,corporations, and nation-states spend less(with the exception of our government at the present time) I got a bullish bias until at least Nov 2 and after that we may get some flash crashes hitting the market I hear ya, Roth. Pomo is powerful. That pomo'ed leg up since end of august just looks so darn weak and spindly on the charts though with all those gaps. We are in quite a pickle as you state. Inflation will hurt, deflation will hurt, stagflation will hurt. Will it be door number one, two, or three? Printing a few trillion more is not a good answer either. We're kind of screwed and a correction will be in order, just when and how far is the question. Some very good chartists are seeing some very low possible numbers on SPX. When is always the question.!!! |
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Post by tajmahal9898 on Oct 18, 2010 0:42:20 GMT -5
baby bear... even the taxes i paid on friday won't be enough to save the market - |
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Post by demanuel2001 on Oct 18, 2010 2:12:37 GMT -5
Futures say bear - but you know me and my QuadBull pledge
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Post by ask2lern on Oct 18, 2010 6:46:27 GMT -5
Well with all the money the Fed is throwing around anything is possible...............so not sure but will vote my bias................BEAR.............GLTA
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Post by tajmahal9898 on Oct 18, 2010 15:49:16 GMT -5
Nobody can beat my record.. I am 100% correct.... NOT..
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....might need a couple of days...burn up the apple thing and gs/bac..bla..bla..bla...banks look like they could get a little bounce off support just below...but if they gap it past...the bounce might just be a gap close/re-test....opex muddied things up but still looking for an apple/fed style pop in the nas tomorrow...let's see...one thing is for sure..when they're done loadin up their shorts..there will be no confusion as to what's goin on... 
This is what is making the money supply vanish along with employment opportunities and it makes individuals,corporations, and nation-states spend less(with the exception of our government at the present time) I got a bullish bias until at least Nov 2 and after that we may get some flash crashes hitting the market 
