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Now if you own the 110 it went from 2 to 3 a 33% gain rather than 10%
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YRT1, Jass,
YRT1, u didn't answer my question which was far out of the money puts not timeframe...and Jass, my understanding is in or near the money options will give u bigger %?
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Why do you buy so far out of the money PUTS?
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What puts are you holding?
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good show, hang in there
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Ok Bears, you have enough fun already, the bulls's turn now, although this morning you did put me on my toe...OEX 497.8 was slightly penetrated..but thanks to good PMI and sent index...a close call...
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Blasher,
Look more closely, this time frame is similar to Mar4/8 this year.
Everything starts off small. Even Gleno's MA(50) MA(100) are converging to the upside and he does not believe in his own chart. BTW, Gleno when are you going to clean up your chart. There are so many MAs, take a while to locate the 50/100. LOL
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YRT1, Don' be ridiculous...
For SPX to close above 1130 means the DOW has to be up more than 300 points tomorrow? be real...all it takes is OEX to be up .89 point approx. 20 Dow points for the up trend to be intact.
The reason why lower highs and lows were made last 3 days was because it needs a healthly pullback before the next advance.
There is no bearish rising wedge on the daily whatsoever and don't really care about weekly.
As for astro, I think Uranius, Jupiter, Mars and Saturn will all clash to create some fireworks and fuel a humogous rally...IMO
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Gleno,
Your own MACD confirms the market is turning...May17 candles cannot be compared to today's because in May the MACD was crossing down as in your chart...IMO
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Looks like I am the only bull here...almost 10 bears to 1 bull..this leads me to think that the market will rally soon ....
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I am leaving my Calls intact that I have for a while..betting on not so bad GDP and PMI. If GDP is too good it will cause the market to fall and if it is mediocre then the market thinks it will keep interest rates in check. Don't expect the PMI to be good but the expectation from last time has been lowered. I could be wrong, but this is what my thinking now. Tomorrow may prove today's drop another buying opps
good luck
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OEX 500
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I am neutral...but my statistical data tells me the up trend has started and I have to listern...
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Gleno,
this is also start of a longer term up trend..although it is at the very beginning stage..of course it could fail..but all indicators point to it and besides hindsights are always 20/20...you look back 2 months from now and could say ya it was a long term up trend too...
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OEX 497.68...where it bounced off...
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another buying opps...
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Ha, very funny...or they are late walking to the claims office...prbably will arrive next week ... get your shorts ready then....LOL
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Well, the market has very short term memory, it has forgotten about yesterday's bad durable goods order number already. You are a short term trader, so go with the flow, millions of people out of work is a long term thing...if you trade on that,,, you will be like Bob Prechter.
Good luck
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Initial jobless claims fell, futures jumped, all set to roll again...
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Buy on dips..poised to higher...eom
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Vous êtes celui
Ce n'est pas le haut encore
deux morceaux
yep, that is OEX 540.
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I am on MMAN3's side, mortgage your house and go LOOOOOOONG......
OEX 535 in sight
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Good for u, looks like Da Boyz really wants to take it and break it up higher....they are trying...
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well, they should and the market is dropping now...and I have feeling I should not buy anything until SPX 1080ish
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7 European banks failed stress tests...
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YRT1
Attention! estimez que les moyennes sont lentes.
But VIX is raising its ugly head now. Next week will tell for sure which direction the market is heading...today looks like another good for nothing day... and oil is not supporting the rally
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OIH just started a down cycle, looks like the market advance has to wait now..Harley you are in luck...but don't be too complacent..
The TSS on OIH is in effect and let's get it over with...pullback as expected...still waiting...
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YRT1,
I posted too much and was stopped at 15, had to wait till after midnight.
No I am all in cash now but looking for reentry for Calls tomorrow. All systems go, up that is, AMZN earnings should be a non-event.
As an aside for all those who want to play currency/forex, be careful, you could be cleaned out easily, much easier than stock market by Da Boyz, currency is for the big boys and not for small flies.
just watch oih..it is pulling the market down now
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Well those are Sept puts....the only thing I am concern about is OIH which has a TSS signal yesterday, within four days it will fall and that may pull the market down...turtle soup signals are very reliable they will happen but not necessary a reversal event
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I need Helicopter Ben to make a speech again so that I can get back in the market...or Gleno go get some Calls or just say the market is going up
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Hey, I like ur attitude, "it will reset and always do". When I first learn to trade the market I used to chase it and with so much emotion I ended up loosing every time. Now I wait for the setup and let it fall on to my lap. Patience...I think .38 retrace will do, OEX 493 or SPX 1085?
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Thanks YRT1, but I still beg to differ on ur long term outlook, and am waiting to get back in Calls when it pulls back, BTW Ben's speech yesterday proved to be a good buy entry point for Calls that I have gotten rid of this morning..now the bull train may leave without me...
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10.10 am
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