|
|
Post by Cosmic on Feb 14, 2010 23:01:27 GMT -5
C'mon vote!
|
|
|
|
Post by blueskies on Feb 14, 2010 23:32:56 GMT -5
bull(ish)
|
|
|
|
Post by Cosmic on Feb 14, 2010 23:38:08 GMT -5
YOU? Bullish? Oh my.
|
|
|
|
Post by blueskies on Feb 15, 2010 0:06:08 GMT -5
yeah, so we'll tank fer shur... LOL
|
|
|
|
Post by puurfectten on Feb 15, 2010 0:12:53 GMT -5
hey guys..  |
|
|
|
Post by puurfectten on Feb 15, 2010 0:15:08 GMT -5
usd smackin up against long term support/resistance.....i think that'll be the push...either way....
|
|
|
|
Post by kbk3ck on Feb 15, 2010 0:16:58 GMT -5
Howdy folks. Yall know Im almost alwayse bullish. Guess that makes me full of bull? LOL
|
|
|
|
Post by Cosmic on Feb 15, 2010 0:28:36 GMT -5
usd smackin up against long term support/resistance.....i think that'll be the push...either way.... I don't think it's responding as much to the USD/Carry trade although recent events have pushed up the dollar. Take a look at the bond market zbh10. |
|
|
|
Post by kbk3ck on Feb 15, 2010 0:34:51 GMT -5
I think barring any sudden Bad news like Greece or Dubai or any junk like that it should be an up week.
|
|
|
|
Post by Cosmic on Feb 15, 2010 0:36:16 GMT -5
I think barring any sudden Bad news like Greece or Dubai or any junk like that it should be an up week. I actually agree, although there will be some monkey business, it is Opex. So it'll go both ways. If my suspicion is right, Tuesday will be down, but it will be the only down day. Interesting to see what happens. |
|
|
|
Post by kbk3ck on Feb 15, 2010 0:51:34 GMT -5
Could be true Cos. Everybody says 'they' need to get things to where 'they' need them by OpEx so depending on the manipulation 'they' apply it can be up and down till they push it where they need it by close Friday.
|
|
|
|
Post by puurfectten on Feb 15, 2010 0:51:51 GMT -5
|
|
|
|
Post by blueskies on Feb 15, 2010 0:52:31 GMT -5
I think 1100 will be telling. If we break through that area, we will go higher. If we can't, I believe we have some downside to 1045ish.
|
|
|
|
Post by Cosmic on Feb 15, 2010 0:54:28 GMT -5
T4D had a good point -
If we gap up into the 1085 area or so, sell that pop.
We need to see steady buying through that area again.
|
|
|
|
Post by kbk3ck on Feb 15, 2010 0:59:11 GMT -5
My buddy Emille has VERY strong feelings that support is 1045 or so and we will NOT break that any time soon. I told him we didnt get the full 10% retrace and should have gotten down to 1030 or so.
|
|
|
|
Post by Cosmic on Feb 15, 2010 1:00:59 GMT -5
My buddy Emille has VERY strong feelings that support is 1045 or so and we will NOT break that any time soon. I told him we didnt get the full 10% retrace and should have gotten down to 1030 or so. I don't have my charts up - do you recall what the low was? I think it was like 1044? |
|
|
|
Post by puurfectten on Feb 15, 2010 1:02:31 GMT -5
i think that would be a good idea...lol...the long term dow chart is very disturbing for the long side...should be some violent action this whole year.. ..http://www.freestockcharts.com/?emailChartID=e0b97f54-0138-4526-b504-264283fb4f3c |
|
|
|
Post by puurfectten on Feb 15, 2010 1:03:47 GMT -5
it touched...but it was so fast....lol...
|
|
|
|
Post by puurfectten on Feb 15, 2010 1:07:50 GMT -5
if they were gonna run it anywhere...wouldn't they have consolidated down there for a couple of days like they like too....just like they did at around 880 spx...just looks like their dumpin anything over 1071....
|
|
|
|
Post by trading4dough on Feb 15, 2010 1:40:28 GMT -5
The phooktard and a@@can index is off the charts
We had 2 times we saw heavy MB attacks
Both times we had big market moves
So..............
|
|
|
|
Post by elle on Feb 15, 2010 14:09:29 GMT -5
Seriously, bear flag aside, I was going to vote Bull, at least for the am. I like Cos number 1085, maybe even head to the 20 1090 area. And if EU opposes regulation against bank trading, gotta be good. But just saw a story about maybe fed surprise to hike discount rate next few weeks. Probably they deny it, but think the uncertainty and the fact the market is forward looking will bring it down in next day...uh, or two. (think I have it covered), or 3.
|
|
|
|
Post by cosmic on Feb 15, 2010 14:17:14 GMT -5
Seriously, bear flag aside, I was going to vote Bull, at least for the am. I like Cos number 1085, maybe even head to the 20 1090 area. And if EU opposes regulation against bank trading, gotta be good. But just saw a story about maybe fed surprise to hike discount rate next few weeks. Probably they deny it, but think the uncertainty and the fact the market is forward looking will bring it down in next day...uh, or two. (think I have it covered), or 3. We need Bros to get in here and comment he was seeing some movement on the FFR (Federal Funds Rate). I think it dropped, signifying some liquidity concerns somewhere. I'm bullish but with caution. Don't see a new high right away, maybe closer to the election? |
|
|
|
Post by trading4dough on Feb 15, 2010 14:34:56 GMT -5
There are a couple of scenerios which suggest pressure on monday morning
1) Any gap up open will be closed at this point
2) Barring that any even/mild down open will see pressure as well
The focal point is in the 45-90 minutes after open which is where it reverses. This trading pattern is similar in style to previous months which suggests its now a consolidation pattern.
The areas to watch are 1085-1105-1115
|
|
|
|
Post by cosmic on Feb 15, 2010 15:00:43 GMT -5
So you're thinking down Tuesday pretty march regardless? That was how I was seeing it but would happen via futures.
|
|
|
|
Post by trading4dough on Feb 15, 2010 15:11:26 GMT -5
This is OPEX week
And its short
So at this point anything goes with the range being 1044 thru 1085
The break will be to the upside when it decides to
|
|
|
|
Post by cosmic on Feb 15, 2010 15:15:36 GMT -5
Agree on opex. My thought was Tuesday will be down, allowing lots of OTM puts to be sold off (or barely ITM), and then up the rest of the week so they all expire worthless for the put sellers.
|
|
|
|
Post by trading4dough on Feb 15, 2010 16:06:24 GMT -5
By mid March look for the main Bull Trend Line to backtest
High odds that we see it
And probably will have painted a nice inverse H&S when it taps
|
|
|
|
Post by Rich on Feb 15, 2010 17:26:10 GMT -5
I hate to be so much a bear, but when I look at the charts I hear this scary haunted house organ. Remember Don Knotts in that old movie?
I have a bad feeling.
|
|
Mikey
Broker/Dealer
Posts: 581
|
Post by Mikey on Feb 15, 2010 18:57:46 GMT -5
Bull TARD for tomorrow
Loaded up on gold/silver holdings, some mining co's, and some solar co's. And shorted VXX.
|
|
|
|
Post by cosmic on Feb 15, 2010 18:59:44 GMT -5
Bull TARD for tomorrow Loaded up on gold/silver holdings, some mining co's, and some solar co's. And shorted VXX. Right on Mikey. Congrats on the Avatar too. |
|
