Fully invested in secondary oils (100% long)
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cash - added more 65 calls @ 0.10
(I will sleep well, since I didn't gamble more than I can afford to lose)
cash - that's plenty of time for options to pay off...
(2 or 3 weeks)
put/call ratio, TICK, and TRIN all looking bullish!
cash - So, "6-weeks up" from here?
NDX 1490 busted! ("melt-up" continues)
Time to pull that trigger!
cash - If you want to hedge your 55 calls with a few 60 puts, that would make sense to me. On the other hand, if you are buying as many 55 puts as 60 calls, you will still take a 100% loss if XOM closes between 55 and 60. Why not just buy a few calls? (no big deal)
Deva - Our bet was on NDX, not XOM.
cash - that's what I expected you to say...
are you buying in yet?
Yes! Great call cash!
cash - I bet you another lunch that the oils have FINALLY BOTTOMED!
Kaarv - Get ready to pull the trigger!
usa - Congratulations! You nailed the low!...
Here is the Bradley chart...
http://www.amanita.at/e/faq/e-bradley.htm
cash - futures showing another possibility...
"MELT-UP" STARTING NOW!!!
Yesterday was the "Bradley Turn Day" everyone was waiting for. I was a little early loading up with OTM XOM and INTC calls (I could have got them a little cheaper yesterday), but I am glad I don't have to chase this train out of the station today!
http://money.cnn.com/markets/morning_call/
xe2dy - I would say the "XOI"
peg - yeah, (new low for XOM)
arjunah - Yes! It's RALLY TIME!!!
cash - Muito obrigado! (I'll let you know)
cash - I think XOM LOD is in because volume has dried up...
btw - I do owe you a lunch! (Good call)
frank - IMHO That's it - RALLY TIME!!!
cash - XOM has re-tested low!
INTC intra-day - "Double Bottom?"
XOM - "Triple Bottom" on 3-day 10-min...
Also: "Inverse H&S Bottom"
PCR/TICK/TRIN rapidly improving...
http://www.marketswing.com/realtime.htm
http://www.cboe.com/data/IntraDayVol.aspx
xe2dy - low volume is normal at bottoms...
(high volume is typical of tops)
Kaarv - I don't see a clear count, but IMHO the bottom is in on all markets!
Kaarv - IMHO DJIA now in 35 up from LOD.
33 up from open - RALLY TIME!
PCR/TICK/TRIN improving, XOM re-tested yesterday's low, INTC strong...
'looks like today's "break-away gap" is going to hold
tekprod - Fortaleza 85/76 w/showers...
Yes, I did it (cool).
RALLY TIME!!!
cash - you're on! it's showing index futures are higher since the close (trend reversal)
according to bigcharts, there was no break of the line on Thursday...
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=ndx&time=&freq=
I just checked Scottrade with the same results... (must have been a misprint at tradestation)
cash - here is contrary evidence!...
http://www.tradesignals.com/quotes/futures-stock-index/
(100% GREEN)
cash - tekprod is right: "NDX is on the line"
Why do you say it is "in the process of breaking" that line?
Bought XOMDM - (April 65 calls)
My wave count - beginning 53 up from 1982...
IMHO - "MELT-UP" ahead!
Oils have bottomed!...
XOM has completed a perfect "Triple Bottom" on daily chart...
LET'S ROCK & ROLL!!!
Naz low unconfirmed by SPX (bullish)...
TRIN bullish...
Tick improving...
Put/call ratio extremely bullish...
RALLY TIME!!!
No time to post - (had visitors)
My order for INTC April 25 calls was filled on the opening dip.
The reason I would have liked to short ERHE today is because it hit a 30% retrace of the decline from the 0.95 double-top almost a year ago to a low of 0.28 - In doing so, it formed a perfect rising wedge (daily chart) Volume was less than the previous test of resistance, and the volume of posts on the ERHE message board at Raging Bull is twice as high as the QQQQ board!.... Fundamentally, I just don't trust all the hype about potential reserves when nobody has drilled a single wild-cat (or even been awarded permission to do so) In other words, I think a market cap of almost $450 million is ridiculous for a company based on nothing but speculation! LOL
tek - we'll cross that bridge when (and if) we come to it!
major oils bearish - techs bullish!
On the 5-day 15min charts, the oils are showing "bearish divergence" and setting up for another leg down.
The rest of the market looks extremely bullish (oversold) in all time frames... (put/call ratios are awesome!)
(I have canceled my order for XOM calls, and entered a new order for calls on a tech stock instead) LOL
In the meantime, I am not liquidating any of my "secondary oils" (although I wish I could short ERHE)
airedale - What about INTC - (higher low)?