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break 46.9 and it will excellerate...
appears to be broken now...
Hey Iron,
I had a full position at the gap up this morning, average was .08, sold half at .14, and still watching closely for the next possible exit...would like to get out at .19 if we can break this flag we should get there
hey fox,
might be a q's 5 min bear flag her...just ran into the top of the channel and 89sma...with opt ex, they might not respect this pattern, but it's there.
5 min bear flag running out of steam here on q's? or not?
i guess someone with an inferiorty complex would take offense to my comments. or maybe just an off day...either way it was not personal. okay will.
that's exactly the level i'm looking for btw close and tmw sometime...
oh will...i hope your trying to be funny...no need to get defensive...i was being general in nature, and, find it interesting that a consumer stock like aapl is still going up with record sales. buy 20 of them for all i care...if you have the means to do so, that's fantastic for you...my values system is not your own, nor are my beliefs...people who watch reality t.v. all night long, and consume everything that the television suggests that will give you status or comply with certain labels that they wish to be, while paying with credit, just seems very foreign and alien to me. and once again, i think it would be wise to realize those truths sooner rather than later...progressive surrendering of these things are easier than going cold turkey!
half size order just went through for some june 46 q's puts. in at .10$, if we gap up in a.m. i will add.
awesome that's great! they have some very interesting stuff, no doubt! if it adds to your life in a positive way, then, amen!
even more important is to be surrounded (geographically) with people who are aware and prepared...education for your neighbours who need guidance during these times is a very important element in this equation. using a gun, is the absolute last thing that you or i or any decent person wants to use on another human being. prevention is possible, but we must be willing to work together...getting through this alone will be very difficult. only if my son or wife is threatened will the perpetrator discover that they picked the wrong house to violate.
it is a choice based on values...the illusion of the commercialized world has been a very strong driver to keep people from waking up.
how is this particular device going to enhance your life? what positive changes will be made for "Will", once you have your new iphone? will it satisfy you, or will you want the next phone that comes out in a year?
this is what i meant about priorities. these gadgets have no intrinsic value to a human soul, or ones livelihood. i encourage people to live more frugally, simply because, most people do not have the amount of money they believe they have (i.e. security). and there will come a time, in the very near future, that these things will have no value, and you will be left with nothing.
good trading to you
copper euro, and eur/jpy giving some warning signals here...so it might just be so that the highs are in...oil looking strong in comparison to the three mentionned above...typical opt ex stuff...
do you have 6 months worth of living in cash right now? do you have food and water to last you and your family at least 2 months? do you have credit card debt? are you underwater on your mortgage? do you own any gold or silver? is the iphone absolutely necessary to your survival or work? the answers to these questions are what i mean by priorities...
i get all of that, and marx contribution...anyone not awake yet, will enevitably fall into a fisceral hell shortly. last 08 and 09 were wake up calls for those willing to hear it...if ig-norance is there choice, unhappy days will follow this temporary bliss...what really concerns me is those people knocking at my door for food and water!
i just think that it's sad that people are still buying this type of stuff...our priorities continue to be bogangled...the quicker we surrender these attachments the better off we will be as a whole. it's not the time to put hundreds of dollars on these rediculous gadgets...does this clear it up a little.
isn't that just amazing...i do not understand how people operate in there brains...what will it take to knock some sense into people? oh well, extend and pretend, reality will be difficult to comprehend for those folks when shtf...
if it gets there, one would have to assume it get's to 750...if it follows goog, like it is right now, it should pause for a week or so at 300, and backtest 267.50, then go up...348, once transcended for goog, it was a race up to 467.50...will be interesting to see what happens in this type of economy. no jobs, flooding everywhere, oil disaster, housing still going down, and credit still tightening with lender...not sure how this one will get it's lift off? but the numbers are there to support a lift off no doubt! soon, i think the mass awakening will be here...say 10 days or do? july 11th could be a pretty interesting time period here in the states, with continued tension till nov. when it gets really interesting!
Keep in mind it's options ex week, and the signal in the past has not been as reliable during this week. Would you concur et1?
the source is pretty reliable...time will tell...just wanted to warn people who might be in that florida...
EXTREME ALERT — Gulf Coast Evacuation Contingency Plans Soon to Go Operational: The operational name for the Gulf Coast Evacuation is "Swift Fox". Yesterday morning at around 8:30 Mountain time, I received information that specific towns, in Tennessee, Kentucky, Alabama, Mississippi, Texas and Georgia were having hotel rooms rented in mass by different named "Societies" using Federal government credit cards. The block hotel room rentals are for half the available rooms in hotels with a minimum of 120 rooms. Specific conversations were "overheard" that would indicate that the planned Gulf Coast evacuation is soon to be implemented. The only scenario I hear that may force the government to evacuate the coast is a multiple plume situation. Apparently, the unmitigated oil spilling has caused a pressure flux which, ironically, has caused a spider web network of Gulf seabed fissures, which has caused at least one other confirmed oil plume. NOAA is searching for two more suspected ones". This quote is from an insider who is really concerned as he should be. Here's additional info he provided. His comments in the following quote: "I know FEMA has already scoped out FEMA camp locations, i.e. vacant lots and swaths of land that can be leased temporarily in Texas and Georgia".
The inside guy said it is up to the President to give the go-signal. There is an evacuation plan drafted and in place, ready for execution only *if* the administration deems it necessary. That can happen two ways. FEMA makes an emergency declaration with recommendation to POTUS (President of the US) for an evacuation or 2/3 of the Gulf States request federal help for an evac. States can individually declare an evacuation of their Gulf residents, but that would be a state action only, not FEMA/Federal".
xom just have a phantom spike to 60.03
what is upsetting gs here? 125 seems likely now!
on an options board...
crude giving some warning signs here...distribution going on at these levels...
we shall see...dollar definately showing some strength here...gapped up and above the breakout line on the hourly earlier...nice bull flag that formed over the last 2 days...let's face it, the bulls did no damage in that little rally at the end of day...not saying that i would be holding shorts all day, but, the trend is still very down, and no reason yet, that is clear to me at least, to suggest we close green tmw!
that was a terrible 5 min q's candle.
crude oil hourly has a nice bear flag/triangle...a breakdown will take it to 68.5, and es too new lows...triple neg div on the same chart with the macd, and fight to gain a footing above the 0 line.
q's gave the signal to cover just before it went up 20 mins ago...44.09 was the spike that can easily be seen on a 5 min chart...aapl before that gave a spike to 246.85 to let the boys know that she was going down again...right now q's 5 min chart is fighting the 89sma once again...
oil, is propping up spy...not sure if oil has bottomed yet, but my guess is no...so i would agree with you!
is that a cup and handle on the 5 min gs chart???
Dan, one of your favorite patterns is developing on GS 5 min chart! cup and handle of course!
oil on the other hand is showing short term strength...so, let's see who wins!
copper is definately painting some bearish pictures...breached the feb lows, and is at oct. 2009 levels...appears to be on it's way to 2.51, the 50% retrace level...the market is appearing to be strong with this in mind, but, copper typically leads the way down...market could take 2-3 days to catch up.
not sure if you guys watch the euro at at, but that was an ugly 5 and 15min bar just now!
oh, and so far there is no volume to support this likely hourly bear flag...so i will be looking for selling pressure early, lower low, and positive divergence with indicators...if we are to bounce, copper and euro will not make a lower low during the first couple hours of market open!!!
not sure if they can save the openning in the morning...lot's of people have lost more con-fidence in this market, and have been subsequently pulling money out, not in...they still need investors to put money to work to get something going...
here is evidence that things are not looking up for monday, at least not at the open...initial selling to make a lower low, followed by some attempt at a rally 1078 should be resistance first time up, will be watching that level.
http://www.zerohedge.com/article/biggest-equity-outflow-recent-history-leads-fifth-consecutive-outflow-high-yield-funds
Fox, copper just hit the 38.2% retrace level from bottom to top...will not close below it on the hourly, so we could be heading up or at the very least sideways...volume coming in on this hourly candle also...2.757 is the key fib level...should hold first touch!
euro just hit 1.888, maybe the asian market can hold that auspicious number for awhile!
update...guess not!
i see that as a very likely!
copper, oil, and the euro are still falling right now in the futures...if they really are the leaders, we should get some follow through tmw in the market...unless something major news wise happens this evening or early tmw morning...but asian and european markets should respond to what happened here on friday, potentially fueling the selling pressure???
Hey Fox...
Since we were not able to close above the bottom of the pipe (3/8ths line) for more than 4 days, which is sitting at 1093.75, i would expect a test at the very least 1031.25, and more likely 1000 with perhaps some extra sauce for the media, and also, technically cause the 89sma on the weekly sits now at 991 for spx. we need to see some extreme selling volume for this thing to stabalize and retrace...i think the head and shoulder topping patter will not play out on the daily, and we could be in for a sept 2008 like sell program? the wed and thur rally of last week allowed some of the over heated indicators to cool off a little, so, perhaps, now we have more room to run to the downside...
copper, oil, and the euro are leading the way, and if that is true, spx should definately make new lows this week! fwiw, copper's 89sma on the weekly is at 2.511 right now...great long term support and a fantastic murrey math number!