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Post by Cosmic on Aug 12, 2010 19:38:40 GMT -5
Maybe baby bull? Get us back to minimal supports. Remember though supports only work on the way up as a buy the dip, they get cut through like butter on the way down.
Green Arrow is still interestingly green, although the sequential count has not shifted to confirm any move yet.
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Post by torrentio1 on Aug 12, 2010 19:41:29 GMT -5
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Post by zabee on Aug 12, 2010 19:45:22 GMT -5
bull.....too overdone here..I said this b4 as well but it tanked!
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Post by Rich on Aug 12, 2010 19:46:02 GMT -5
Gotta go bull. Relief bounce if nothing else.
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Post by PoorHomey on Aug 12, 2010 20:00:37 GMT -5
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Post by bellevuetrader on Aug 12, 2010 20:12:39 GMT -5
BULL! Then again, I'm biased since I hold a long position. BUT....only reason I'm playing it is for a relief rally...so this is a short term opinion. GLTA tomorrow!
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Post by demanuel2001 on Aug 12, 2010 20:14:24 GMT -5
This time Bull with conviction
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Post by brosin on Aug 12, 2010 20:37:25 GMT -5
Jason Bull.  |
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Post by Clinton SPX on Aug 12, 2010 20:38:39 GMT -5
bear, remember the wicks of doom
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Post by blueskies on Aug 12, 2010 20:46:54 GMT -5
baby bull..... it's time for a green bounce... couple of gaps to fill on the upside 1088ish and 1108ish...
I think I'd short again after they fill....
blue
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Post by Rothschild on Aug 12, 2010 20:47:11 GMT -5
Bear in the early Am and followed by the algo-bots buyin eod so I say baby bull to finish the day
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 12, 2010 20:52:13 GMT -5
POLAR BEAR!!!
Retail Sales will disappoint, possibly be negative
CPI will be negative
Consumer Sentiment will fall
Dow will break 10K again.
…and its Friday the 13th
I think we start selling early in the morning and we close near the lows of the day. My guess is minus 3 to 4 % on the markets. Possible relief rally on Monday.
Best of luck everyone.
sowolf-
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Post by blueskies on Aug 12, 2010 20:57:41 GMT -5
ouchy Bama Wolf....
but gee now that you mention it.... maybe I should change my vote...
blue
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 12, 2010 21:03:24 GMT -5
ouchy Bama Wolf.... but gee now that you mention it.... maybe I should change my vote... blue Maybe I should change my profile to SOBEAR  |
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 12, 2010 21:13:50 GMT -5
Bear - watch the morning reports and global markets just to be sure....
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Post by puurfectten on Aug 12, 2010 21:22:04 GMT -5
bear..  ..wouldn't be surprised to see a pop though....if it does..enjoy the ride but dont get sleepy lookin at the flowers...  |
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Post by deadmoney95 on Aug 12, 2010 21:51:11 GMT -5
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Post by theMIST on Aug 12, 2010 21:55:40 GMT -5
Baby Bull |
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Post by brosin on Aug 12, 2010 23:31:28 GMT -5
- Friday the 13th to Save the Week?To make a bad week for the market worse, tomorrow is Friday the 13th. But recent history suggests that Friday the 13ths aren't as ominous as some may think -- at least based on the S&P 500's performance. Below is a table highlighting the S&P 500's change on the 31 Friday the 13ths that have occurred over the last 20 years. As shown, the average change on these days has been +0.34%, with positive returns 68% of the time. The average change for the market on all days over the last 20 years has been +0.03%, so +0.34% is pretty significant outperformance. The last Friday the 13th occurred on November 13th, 2009. On that day, the S&P gained 0.57%. In fact, the index has been higher on seven of the last eight Friday the 13ths. |
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Post by PoorHomey on Aug 12, 2010 23:54:27 GMT -5
On Friday the 13th the world markets will open in Asia and when they do, it will be one of the worst nuclear attacks on the markets as they crumble before our panicked eyes. Our hearts will sink and people will ask how did this happen, how could this happen so quickly and why? What caused this madness this panic in selling that caused a 20% drop on average. By our open the futures will have already locked limit down. Many people will be to stunned to go to work. Many people will lose everything in one day. Thursday night as the sun rises on 8-13-2010 in Asia....they will be in shear terror as their markets collapse in a historic down draft. No one but no one knows this but me. Call me crazy but call me Friday something else. The world be stunned because they never ever see this kind of thing coming. Asia is up currently... So far the lock-limit down scenario looks unlikely. |
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Post by benvestor on Aug 13, 2010 0:00:09 GMT -5
Bear... could be 250ish.. or around 70ish.. i wager 3 karma on that call
give or take 15 points
if im not playing stocks, i will bet karma on market calls lol
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 13, 2010 0:05:20 GMT -5
- Friday the 13th to Save the Week?To make a bad week for the market worse, tomorrow is Friday the 13th. But recent history suggests that Friday the 13ths aren't as ominous as some may think -- at least based on the S&P 500's performance. Below is a table highlighting the S&P 500's change on the 31 Friday the 13ths that have occurred over the last 20 years. As shown, the average change on these days has been +0.34%, with positive returns 68% of the time. The average change for the market on all days over the last 20 years has been +0.03%, so +0.34% is pretty significant outperformance. The last Friday the 13th occurred on November 13th, 2009. On that day, the S&P gained 0.57%. In fact, the index has been higher on seven of the last eight Friday the 13ths. I commend you for your DD on Fri 13th (exalt). However, I think this one may play out differently depending on the economic news set to be released. Best of luck, sowolf- |
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Post by brosin on Aug 13, 2010 0:11:15 GMT -5
Thanks Sowolf - not my work but that of Bespoke Investing. I posted it in the PPDT thread for tomorrow. I agree that it is fairly meaningless by itself.
I hope you are wrong about tomorrow for all our sake's though! Extra beary I saw.
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Aug 13, 2010 0:55:18 GMT -5
I could be wrong (been wrong many times), but I can't help but wonder if the Fed's bearish outlook this past Tuesday, wasn't partially based on some preliminary numbers set to be released (i.e. tomorrow).
Still within the established trading range. Although, when we go down (over the past few months), we seem to go down hard and fast. Conversely, when we go up it seems more of a grinding process.
Best of luck,
sowolf-
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Aug 13, 2010 1:41:49 GMT -5
Futures are kickin - still watch the morning reports to kill the tailwind if they are negative.... still I could see a bounce to the 20 day MA - check it... looks about like our friend 1100.... if we hit that... then bail out... it's down elevator.... (my best guess)... Vix also through 50 day.... - Bear report
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Post by ask2lern on Aug 13, 2010 5:25:35 GMT -5
Draw your own conclusions................... ;D  Uploaded with ImageShack.usBear......................GLTA |
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..wouldn't be surprised to see a pop though....if it does..enjoy the ride but dont get sleepy lookin at the flowers... 
