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Post by Cosmic on Aug 10, 2010 19:38:26 GMT -5
Not sure for Wednesday. Yes we closed above 1115. But supports only work on buying days, not selling days.
So I'm conflicted, I wanted to see the bulls push it right back today but they only got half way there. I 'bear-speak' that's a sell for tomorrow.
Not sure.
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Post by PoorHomey on Aug 10, 2010 19:48:37 GMT -5
I'm beginning to look forward to uncertainty of the more "usual" variety.
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Post by deadmoney95 on Aug 10, 2010 20:12:56 GMT -5
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Post by demanuel2001 on Aug 10, 2010 20:15:45 GMT -5
I'm only saying bull out of habit.
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Post by blueskies on Aug 10, 2010 20:23:07 GMT -5
baby bear while the market digests what the FED didn't actually say outright. the herd will get it sooner or later...'
then there is CHINA's trade surplus.... so what little we do have to sell, ain't gonna be sold to China... we're fucked.
blue
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Post by natsalilfly on Aug 10, 2010 20:53:16 GMT -5
While driving my daughter to & from piano lessons this afternoon I was really wondering what I might vote in the poll tonight, because I haven't got a clue. Then, on the way home, we saw a
SHAGGY BULL
with horns and everything, grazing with the horses we usually see on the hill. I took it as a sign so that's my call, SHAGGY BULL, and I voted that way too.
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Post by blueskies on Aug 10, 2010 20:53:15 GMT -5
I am changing my vote to bear, not baby bear....
blue
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Post by Rothschild on Aug 10, 2010 20:54:12 GMT -5
Todays action was bullish for the short term and a lil frightening longer term..... I am not sure but I will vote BULL.
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Post by ask2lern on Aug 10, 2010 21:16:17 GMT -5
Kenny style Bear......................GLTA
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Post by Rich on Aug 10, 2010 21:26:37 GMT -5
We are stuck in this range between 1110 and 1130.
For the moment I think we go higher, but I'm not as bullish as I was 2 weeks ago.
bull.
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Post by Dualism on Aug 10, 2010 21:41:14 GMT -5
The USD was riding high and mighty today until the FOMC announcement release. Then it got punched in the guts, puking the majority of its daily gain. However, despite a lower futures, the USD is holding above its 9 dema and pitching a nice recovery candle during the night session. Tonight I'll use that as my clue for a bull run tomorrow. Uploaded with ImageShack.us
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Post by blueskies on Aug 10, 2010 21:46:00 GMT -5
The USD was riding high and mighty today until the FOMC announcement release. Then it got punched in the guts, puking the majority of its daily gain. However, despite a lower futures, the USD is holding above its 9 dema and pitching a nice recovery candle during the night session. Tonight I'll use that as my clue for a bull run tomorrow. Uploaded with ImageShack.usUSD sure did puke it's guts on that spike today. then it recovered...
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Post by theMIST on Aug 10, 2010 22:13:23 GMT -5
Big Bull!
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Post by brosin on Aug 10, 2010 22:55:09 GMT -5
I'm an angry kenny bear that we did not even head fake 1132... er wait, if we were going to drop, wouldn't you assume they would have definitely false broken us to a new high on big volume first to suck in some final buyers?
Hmm...
I'll still go bear for tomorrow. It's a setup I think but they'll set it up nicely.
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Post by givememilion on Aug 11, 2010 0:07:45 GMT -5
No idea. Generally fed action is followed by big down day. -200 points. However wednesdAy seems to be positive. I am broken with some of my trades (intc, mu, nvda, aone). Expecting another big jolt in portfolio before the storm subside.
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Post by benvestor on Aug 11, 2010 0:08:24 GMT -5
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Post by torrentio1 on Aug 11, 2010 0:21:24 GMT -5
Christopher Walken Bull
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Post by commodityypro on Aug 11, 2010 1:19:15 GMT -5
Torrie I've been following you in the poll as of late. [glow=red,2,300] COMMODITYY BEAR[/glow] Like I said earlier, "Bulls will be scratching their heads". Brosin, good to see you come to you're senses. lol Everyone was geared up to go long today and the big $$ bears are going to laugh all the way to the bank on this break. I will be buying dips though, believe that, just not sure how far south yet. GL!
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Post by blueskies on Aug 11, 2010 1:58:50 GMT -5
OUCHY OUCHY...
down 11.25 on ES....
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 11, 2010 2:41:58 GMT -5
I study all of the chart wisdom... giving thanks to the hard work and explanations of all of the ins and outs; daily, I do... and then I see that what's actually happening. Well, THAT reality seems to matter as well... at least as much as the daily chart does... big smiles
the Fed gives us it's biggest ruling of the year... then what do we get? and hour and an half bump? Then everything basically went back to where it was. For all of the theory about support and resistance, the truth lingers apparent and obvious through the windshield to me... monetary accounting tricks aside....
i vote big ass bear!
"Please wear something bright and keep low, good luck!" - Bill Murray, Meatballs
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Post by blueskies on Aug 11, 2010 3:28:22 GMT -5
"Please wear something bright and keep low, good luck!" - Bill Murray, Meatballs LOLOLOL
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 11, 2010 3:29:37 GMT -5
I think the Bears will be feasting on filet mignon tomorrow.
Bear for me.
Good luck everyone,
sowolf-
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Post by Clinton SPX on Aug 11, 2010 6:07:07 GMT -5
Bear the end of the world is nigh
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Post by demanuel2001 on Aug 11, 2010 7:59:57 GMT -5
Some people peeked at futures. Yes its going down - opening down about 100 points on the Dow - that's why my bull vote had very little conviction behind it.
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Post by Rothschild on Aug 11, 2010 8:34:24 GMT -5
Ouch. Lost 5% at opening. sold at a loss. all cash now
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