Fully invested in secondary oils (100% long)
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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)?
XOM 1-min in "rising wedge" (ending diagonal)...
almost CERTAIN to close today at exactly $60.00
(the time to buy the calls is just before the close)
arjunah - ROFLMAO! Rest assured that I am not a big institutional holder who wants to unload a big slug of XOM!
arjunah - Look at the p/e (compared to MSFT, for instance). Then look at the trend in the price of crude oil. Then look at the potential increase in reserves with the new Libya contract. Then look at the new trans-Canada pipelines being planned to tap their enormous reserves in the Beaufort Sea!
Do you see the answer to your question?
cash - I sold some APXR on today's explosive rally, and put in a bid to buy XOM April 65 calls at 0.25 (now quoting .25/.30).
My SPX count - 53333 up from 1982 low begins tomorrow (Thursday reversal day)!
Let the MELT-UP begin!
xe2dy - there's "positive divergence" on both indicators!
blackcloud - You are probably right not to put too much faith in anything!
Looks like the "MELT-UP" has begun!
tekprod - airedales' post makes sense to me!
tekprod - No, it's a list of "non-compliance" stocks!
pegwatcher - I don't know, it's airedales' post.
tekprod - this is not the first time it has happened!
This plus "no shortable SMH stock" means we are sitting on a virtual "powder keg" which could result in a "MELT-UP" at any time! (probably tomorrow, "Thursday reversal day")
tekprod/frank - Here is airedales' explanation...
Posted by: airedale88
In reply to: rmzport who wrote msg# 9209 Date:3/15/2005 7:22:19 AM
Post #of 9323
rmzport, thnx for that info. it seems there has been some naked shorting going on at NASDAQ land. very interesting. if QQQQ rallies where the hell will they find stock to deliver? something fishy is going on. somebody played a game, effed up, and they can't seem to get out of it. this might be big, but NASDAQ will cover it up.
aire
frank - yes, I see it... Let's Rock!!!
cash - yes, I agree, that's for sure!
"it's always darkest just before dawn"
teaparty - you just might get it!
but after looking at denmo's chart, I doubt it!
DJIA/SPX/NAZ - 5 waves down from HOD complete!
SPX solid support at 1200 holding strong!
RALLY TIME!!!
denmo - Yep! ("so far, so good")
XOM 5min - just completed 5 waves down from HOD!
RALLY TIME!!!
Nice "ascending triangle" on QQQQ 1-min...
RALLY TIME!!!
cash - Forget it! XOM almost ALWAYS closes at a "strike price" on opex!
cash - you are probably right - I expect Xom to close on Friday at almost exactly $60 (max pain)! However, the XOM 1-min. chart looks bullish to me.(wave 33 up)
cash - momentum coming in now (oils leading)!
RALLY TIME!!!