Fully invested in secondary oils (100% long)
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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!!!
Deva - Have no fear! - I am here!
Let's Rock and Roll!!!
cash - I agree they ought to be short. Otherwise my 53333 wave count wouldn't fit!
DJIA low unconfirmed by SPX (Bullish)!
Double bottom is complete!
Let's Rock & Roll!
Wow! put/call ratio just jumped to 1.13
RALLY TIME!!!
DJIA 5-min. broke out of "ascending triangle" and then fell back in... (uptrend still intact)
Ha! Just broke out!
"ascending triangle bottom" on Dow 5-min!
xe2dy - yes, they are "pointing" down and "trending" UP! (higher highs, and higher lows)
cash - You're right, I was just guessing by looking at the open interest in the expiring puts and calls. (I guess I guessed wrong). I'll have to admit it didn't make sense.
So, in that case, I guess the market is just going to stand still for a week! Ha!
xe2dy - rsi, momentum, macd, %r, slow stochastics, ultimate oscillator...
(all showing positive divergence)
cash - MSFT is at max pain - XOM max pain is 10 points lower - so you could be right!
(If so, I will definitely buy some XOM calls on Friday!)
tekprod - You're right, 3/11 is "inflection point"
http://www.investorshub.com/boards/read_msg.asp?message_id=4129425
arjunah - Your question is "academic" because a quick glance at the index futures quotes tells me "it ain't gonna happen!" (flat opening)
Deva - What do you mean by "in the money straddle?"
If MSFT is trading at 25.09 and you buy a straddle (both a March 25 put and a March 25 call) how can it be "in the money?"
(Maybe you meant to say "at the money")
MSFT March 25 puts "MSQOJ" @ 0.20