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Post by cosmic on Feb 21, 2010 18:53:12 GMT -5
Based on where we're at on the charts, I do expect a little selling pressure on Monday, to fulfill what appears to be a small bull flag on the bond side. However I would only vote Baby Bear.
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Post by exabi on Feb 21, 2010 18:56:14 GMT -5
Baby bull for me....It's a Monday
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Post by philip2012 on Feb 21, 2010 19:08:46 GMT -5
Baby bull.
A Monday Sp' close around 1117/19 would be...perfect. -
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Post by kbk3ck on Feb 21, 2010 19:12:10 GMT -5
Baby Bear on Banks for me so I can load up Tuesday on FAS!!!
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Post by Dualism on Feb 21, 2010 19:17:28 GMT -5
stockcharts.com/charts/indices/McSumNYSE.htmlI'm voting baby bear. I am generally bullish and believe that the market is in the recovery phase from the severe selloff starting in mid-January. But I think the market is technically short-term overbought and is due for a slight pullback. Note that with even positive breadth, the Oscillator pulled back fractionally Friday. Watch the 21.08 level on the VIX. A break and hold above this level signifies that the pullback is valid. My trading account is 75% in cash currently. So I will look to gradually add to my March option positions and perhaps open April option contracts. I'm also looking closely at the June APWR options.
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Post by ask2lern on Feb 21, 2010 19:25:32 GMT -5
I voted in the not sure catagory..........I think the S&P wants to get to the 1120 I have stuck in my head but I think 1090 is in the cards in the next session or two........I will most likely not be trading......but if the vix starts to move up I may pick up some optiions.............I really enjoyed the time away but I will say I do lose tune with the markets.....................GLTA
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Post by torrentio1 on Feb 21, 2010 19:52:56 GMT -5
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Feb 21, 2010 20:38:38 GMT -5
I don't see any baby's fellows. Vix up the stick we are on for a ride tomorrow.
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Post by Rich on Feb 21, 2010 21:17:25 GMT -5
Bear. Still at the top of the channel on the SPX. If your confirmation bais has you leaning this way you may even see a rising wedge in the RIFIN. However, this is shaky at best.
I'm still playing the channel. Let's see what happens.
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Post by elle on Feb 21, 2010 21:36:29 GMT -5
We are at 61.8 spx - none of which mattered last week - but with opex out of the way, perhaps the fibs will again be in play.
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Post by elle on Feb 21, 2010 21:38:04 GMT -5
I think the Prez bill may have an affect
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Post by sanjosearea on Feb 21, 2010 22:10:31 GMT -5
Friday points: saw 1112 one time only, tested 1111 four times, and almost kept whole day at 1110 and 1109. Closed 1109. Any thoughts. btw vote Bear.
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Feb 21, 2010 22:15:10 GMT -5
Dollar is down a bit. How is everyone? Anyone know if cash is ok?
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Feb 21, 2010 22:16:26 GMT -5
I think the Prez bill may have an affect What happened to that nice looking photo of the girl elle?
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Post by jack on Feb 21, 2010 22:33:02 GMT -5
I think the Prez bill may have an affect What happened to that nice looking photo of the girl elle? Its gone....all part of the "ellecat mystique" I thought everyone knew that! LOL!
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Post by ukarlewitz on Feb 21, 2010 22:33:47 GMT -5
I'm with Elle - Opex messed around and with it out of the way the nature of the beast will be revealed. I'm bear. The one concern is with the DX - that long black bar on Friday was DX bearish and SPX bullish.
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Post by cosmic on Feb 21, 2010 23:27:43 GMT -5
I'm with Elle - Opex messed around and with it out of the way the nature of the beast will be revealed. I'm bear. The one concern is with the DX - that long black bar on Friday was DX bearish and SPX bullish. Agreed on DX, wonder how much that affects bonds...
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Post by rocknroll on Feb 21, 2010 23:44:59 GMT -5
Originally, I voted "I don't know", but I just checked the historical chart for FAS and found that Monday's haven't been good to it lately. I think FAS has had a high of less than $1 from open less than 50% of the time on Mondays for the last two or three months. I think I'll change my vote to baby bear.
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Post by brosin on Feb 22, 2010 0:27:40 GMT -5
Bullish for tomorrow. I kind of have a feeling we will be down early in the day - it'll be interesting to see if we will bounce back.
Kind of a nice whiplash Monday maybe - ultimately I can't bet against the bulls given that it's a Monday and I think alot of bears are stuck in losing positions. Maybe a gap up and crap, only to have a strong recovery later. Kind of keeps everyone off-guard.
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Post by Clinton SPX on Feb 22, 2010 1:24:59 GMT -5
Reasons Im bullish for Monday. 20ma looks like solid support so far. Attachments:
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shah
Futures Trader
Posts: 351
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Post by shah on Feb 22, 2010 1:40:12 GMT -5
"No news, good news" Bull, not Baby Bull, over 4% on FAS. JMHO GLTA
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Post by tarzan on Feb 22, 2010 8:53:26 GMT -5
stockcharts.com/charts/indices/McSumNYSE.htmlI'm voting baby bear. I am generally bullish and believe that the market is in the recovery phase from the severe selloff starting in mid-January. But I think the market is technically short-term overbought and is due for a slight pullback. Note that with even positive breadth, the Oscillator pulled back fractionally Friday. Watch the 21.08 level on the VIX. A break and hold above this level signifies that the pullback is valid. My trading account is 75% in cash currently. So I will look to gradually add to my March option positions and perhaps open April option contracts. I'm also looking closely at the June APWR options.
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