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Out at 1170.00...18 pts
$13.45 if the market stays right here would be where TZA opens. Lots of mess can happen between now and then. Who would have thought my cycle would hit on the holiday. It appears as though it was dead on.
75
Demo...Bounced back. Your's has changed as well.
Send it to 75playa@gmail.com. That is one I use for registering online for certain things. It gets spammed all the time. I will reply with my good mail when I return from Thanksgiving. I would love to catch up.
75
Out of crude at 76.800 for a point. It goes higher later.
Going out on a limb and shorting gold at 1088.
February contract
demo...
I forgot to reply about the e-mail thing. The answer is probably not. Do you still have the one @ verizon? I still have that one.
I sent a test out to it.
Oh well...
I had a 5 month cycle date hitting today or tomorrow and I didn't think the market would do much over thanksgiving. I would not be surprised if we came out of the holiday and make a big move.
One more thing...the $$$ has nowhere to go except to break thru a 19 month old trend line at the bottom or a 8 month down trend line right above it now. We have come to a head as the $$$ seems to control the market's fate as of late.
Have a safe and happy Thanksgiving all.
75 (long for a quickie on crude at 75.800)
Good to hear from you...
How's the golf game?
OK...figured it out
the medicine man. Don't get me started...lol
He would have said what we "should have done"
75
Huh...WTF
Tomorrow is the big day I have been calling out for almost a week. Let's see what happens...lol
The day of conflict!!!
75
How 'bout that...
82 minute chart of gold just took a sell signal using this method @ the close 1144.70. Let's see how that does.
Chart of TF vs. ES ratio...
http://br3-marketswings.blogspot.com/
75
Small caps...
lead the charge down hill almost every time. I plot ES vs. TF (russell 2000) to look for indications of market strength or weakness. 9/2 was the top. ES kept making new highs ... TF was lower highs :)
Well...
First and foremost market breadth topped on Monday. Tuesday and Wednesday were just for show to get sentiment up. Second...put/call open interest and put/call volume for equities ratio was not in line with price. It so far off that we need a few days of down to even things up. That's why I said the middle of next week on my target of getting out of shorts. Just remember that more money is lost on options than anything else. They are the best fade around.
I also take a 20 period sma of ES price and plot it on a 2 period rsi and wait for the rsi to get trapped above or below sma and trade extreme oversold or overbought areas (15 and 90) in the direction of the sma. In other words if sma is falling and rsi 2 is overbought (90 or above) I short until sma goes positive or rsi 2 is oversold. SPX and Russell 2000 daily charts have been trapped under since Monday close. 82 minute chart of gold just took a sell signal using this method @ the close 1144.70. Let's see how that does.
I use a few other things as well but I ain't spilling the beans on all the stuff I worked so hard for years to figure out.
75
Down tomorrow...
looks that way after my evening studies.
75
We could...
see anything now. It's coming to a head.
Who are these talking heads...
throwing those numbers out?
Anything is possible...
but that would surprise me. 4 or 5 days out into the future is all I can see now...lol. 1041.50 is a daily rock support right now. 60 minute support at 1088.5. I am just looking for another move down to as low as 1066 between now and Wednesday. Any sell-off between now and Wednesday that comes with heavy volume will be my exit. I got out of my short this morning when the volume started getting heavy on the way down and was very lucky. I hit the bottom within less than 1 point. Volume is the KEY.
Until the thing stops reversing on the heavy volume it's not finished in my opinion. Volume is the KEY. I am just going to keep shorting and covering until we either:
Get a big volume push up...I'll short then on the way up...or
We don't reverse on a big volume decline...volume is the KEY...lol
75
PS...I am glad you didn't get out when we hit the low 11's on TZA. I had a feeling that was coming. I said 11.31 and we hit 11.13. I just had my numbers mixed up...LOL
Done...
Just in time for some good trading...down
75
Busy night for me...
My old computer is getting cranky. I just got my new one today..installing windows 7 on it as I type. I have to transfer all my chit over as well. It's going to be for trading only. I will surf on the old one.
Sager NP9280 (Built on Clevo D900F) Ultimate Custom Laptop
- 17" WUXGA "Glare Type" Super Clear Ultra Bright Glossy Screen (1920x1200)
- Standard Dead Pixel Policy
- Intel Core i7 Quad (Nehalem) 920 2.66GHz 8MB Cache 130W
- Arctic Silver 5 Thermal Compound
- nVidia GeForce GTX 280M 1,024MB PCI-Express GDDR3 DX10 (User Upgradeable)
- No External Graphics Card
- Matrox DualHead2Go External Monitor Video Controller (2 External Monitors)
- ~ 3,072MB DDR3 1066MHz Memory (3 SODIMMS)
- Standard Finish
- ~Combo 8x8x6x4x Dual Layer DVD +/-R/RW 5x DVD-RAM 24x CD-R/RW Drive w/Softwares
- ~ 500GB 7200RPM (Serial-ATA II 300 - 16MB Cache)
- ~ 500GB 7200RPM (Serial-ATA II 300 - 16MB Cache)~
- None Standard -
- Raid 1 Mirror Enabled (Requires 2 Hard Drives. Copies data from primary drive to secondary drive)
- No Back Up Hard Drive
- No Floppy Drive
- Internal 7-in-1 Card Reader (MS/MS Pro/MS Duo/MS Pro Duo/SD/Mini-SD/MMC/RS)
- Internal Bluetooth + EDR
- Built-in Intel® PRO/Wireless 5300 802.11 a/g/n Wi-Fi Link
- No Network Accessory
- Integrated Digital Video Camera
- No TV Tuner
- Sound Blaster Compatible 3D Audio - Included
- Basic Black Business Case - Included
- Smart Li-ion Battery (12 Cell)
- None Standard*
- No Dock/Hub/Adapter
- No Fingerprint Reader
- No External Keyboard or Mouse
- No Notebook Cooler
- No Operating System Standard - Drivers & Utility Software Only
- No Office Software
- No Software Bundle
- 3 Year Labor* 1 Year Parts Warranty Lifetime 24/7 DOMESTIC Based Toll Free Telephone Tech Support (Labor Warranty through Xotic PC)
I think the people in "the know" know that. That is a spike they will fade...seems like they already are.
75
She is the...
#1 rated investment analyst...very smart
Everything is screaming now...
WAY too much divergence in dollar vs spx...30 year treasury vs spx... A/D line (never ever got a sniff of a positive # today)...less buying at close than off open (smart money)....and my breadth indicator as well even turned negative for the WEEK while we are way up...can you say fake-out.
stinky, stinky...have no fear. I am way short as well and I have the faith...LOL
75
Yes sir...
At least.
ES is the S&P e-mini...pretty much same price as $SPX. 3 points lower this month than SPX
Kinda figured out that was hapenning...fockers
75
No matter who is buying tomorrow...
all my stuff says it's a down day. The week ends with at least another 20 points down on ES as well. That's what I see. Next week is a new game but this week has a peep hole...lol
75
Yea, 4 1/2 % for one day isn't too bad...
Shuld pull back a bit first. It filled the gap within a penny and did a perfect 1.618 extension. 12.40 to 12.47 maybe or it could go up to 13.55 and then retrace. My guess is the first scenario. You're in at a good spot either way.
Also, first higher high and higher low in a while.
75
I have several...
Interactive brokers is the best on commissions and service...by far.
75
I'll do it...
Have a good one..I am off to Atlanta in a few minutes. I see a window...lol
I hope your stock pikin' is better that THAT...
Seriously, Don't freak if it hits $11.31. I have that as a possibility but the support there is as good as it gets.
Have a good one
75...looking forward to another golf trip to MB one day. Is the Brick still alive?
OK cool...
Now walk away and quit looking...LOL
We could climb a bit...but it's over dude.
I have never been more convinced.
75...(11/11 RALLY IS OVER)
You would need...
your scuba gear to play here today.
I am looking for a break sometime today to drive to Atlanta...yuk
Screw it...
I am short Russell 2000 mini...TFZ09 at 588.7
It seems to be the weakling of the bunch. I guess they can only prop so many up at a time.
A little chart...
75...puzzled by the move up_______________________it's down here__/\__.
Because of the importance of a lower high or a higher high right here. Between now and next Friday is going to be balls out crazy because of 1100 being such a round number for option expiration as well as whether we make a new high of NOT. It is VERY SIGNIFICANT. Either way I will just keep taking my shots. 1100 is a great spot.
I did very well in keeping my hand off the short trigger this afternoon. This is the best kind of trading for me and anywhere here is a good spot for long term traders as well. I can't see anything over 1202.25 - 1217. I don't think we get there but you never know.
It's all changed now that the banks have ALL the $$$ now and the only place to put it is in the market...cause they sure aren't lending it out. Obamanomics paid for this rally.
Times have changed...the volume is shltty on every up day. All you have to do to tell when the shorting is going to end is look for big intra-day selling volume. It ends it every time.
75
Have a good one Cap...
Let's hope that Ida doesn't cross over into the Atlantic and re-form.
75
Toast...eom