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Post by Cosmic on Sept 12, 2010 14:15:10 GMT -5
I'll get this done a little early today "just in case" I'm not around later.
Without a lot of study of Friday action other than looking at the SPY chart, looks like some weird opex action. Nothing but buying since noon. Weird.
I'd have to choose baby bull if it wasn't opex, so I'll just stick with that until something more is revealed.
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Post by Rothschild on Sept 12, 2010 14:36:05 GMT -5
We have already received news from basel accords about tighter banking regualtions which might spook the market some and we do appear to be overbought as well. Yeah, the markets could rally some more and be more overbought but I think a pullback is in order. I am hoping for the 1080s but am prepared to cover if the MMs have other plans. Bear for Monday.
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Post by jack on Sept 12, 2010 15:19:33 GMT -5
Baby Bull - Boehner & the Repukes will vote okay on the middle class tax extension.
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Post by demanuel2001 on Sept 12, 2010 17:20:37 GMT -5
The Peter Panic continues and I'm back in town! Still voting QUAD-BULL until I see a 200 point down day.
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Post by brosin on Sept 12, 2010 18:04:14 GMT -5
General bullishness and gap up in futures makes me go bull for Monday - up we go
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Post by maxi on Sept 12, 2010 18:06:45 GMT -5
Baby Bull. I can never say more than Baby of either. But if it was a full on bull then I get pleasantly surprised.....  |
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Post by Rich on Sept 12, 2010 18:24:11 GMT -5
Bull also, sneeeeeky basatrds. I knew it.
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Post by puurfectten on Sept 12, 2010 21:33:58 GMT -5
bear...  ....nice party...not too sure bout the desert platter..might be steak tidbits..  |
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Post by blueskies on Sept 12, 2010 21:37:55 GMT -5
yep... the ole gap up the sunday evening session open. the gap WILL fill. It's becoming a regular collection of downside gaps, which means when it does drop there will be no support in those places...
We have a rising wedge on ES, could very well break to the upside but I'm hanging with bear.
blue
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Post by Rothschild on Sept 12, 2010 22:06:00 GMT -5
This market is about the trickiest I have seen it in a long time; lots of traders evenly divided and it almost reminds me of 1998. Good trading everyone!
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Post by birthmark on Sept 12, 2010 23:42:26 GMT -5
The melt up continues.
Baby Bull
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Post by bellevuetrader on Sept 13, 2010 1:10:11 GMT -5
Bear. Everyone have their rally caps on? Just make sure you turn it inside out...I'll be buying more FAZ on the cheap tomorrow!
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Sept 13, 2010 2:08:34 GMT -5
I think we tap 1020-1025 (top of the trading range), and then head back down to 1050-1040.
Good luck everyone,
sowolf-
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Post by drtracyb on Sept 13, 2010 2:09:35 GMT -5
I think we tap 1020-1025 (top of the trading range), and then head back down to 1050-1040. Good luck everyone, sowolf- 1120-1125? |
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Post by ask2lern on Sept 13, 2010 5:46:12 GMT -5
Well looks like another love fest in the markets..............I have no idea but sure looks like bull.................so lets go with that......BULL.........................GLTA
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Ras
Commodities Trader
Posts: 239
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Post by Ras on Sept 13, 2010 7:52:29 GMT -5
Bull
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Post by jack on Sept 13, 2010 8:01:46 GMT -5
Only one being bearish above w/ only one suporting commentary? What's that all about?
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Post by brosin on Sept 13, 2010 9:19:34 GMT -5
Yeah I agree today's #s are strange - everyone please make sure you vote in the actual poll as well as posting your vote.
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....nice party...not too sure bout the desert platter..might be steak tidbits.. 
