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anyone else like this song? and this particular rendition..
msft down 1.57%...something not jiving here!
not if you look at the sox index...semi's usually lead major up moves...take a look for yourself and report back.
same as yesterday...was looking to buy .27$ but never got there...will add tmw morning btw .21-.28 if it get there...looking forward to getting out of this trade!
bonds just made a higher high already...market to follow with a lower low...gap fill likely tmw...will safely exit puts with minor gains...i hope j'ai jouer avec le feu!
yes, sorry 4 delay...post limit was hit
Glen, Glen, Glen...no way! what i was suggesting was not to post that b.s. It might confuse, or sway the emotions of less experienced players...how much weight to you give to these guru's and articles? common my man, would never diss you! you are the man!
gs is trying to tell us that it wants to go higher...take your pick
the unusual high trin value should give you a clue...
ecri says that we are already in a "new" one...so who gives a shit about that article...and your guru! seriously look at the flipping chart and you conclude where the market is going...unless you are getting your info from billionaires who are sitting in on the bildeburg meetings, or, other high profile position, those guru's have no idea...no more than you my friend Glen!
well, i feel that they are better at identifying trends. daily suggest more up, but the 4hr chart is starting to turn down. so either late today or tmw should be an end of this current up trend for a period of time...or we go sideways. but i favor the down, due to transports action.
anyone else on here using heikin ashi candle sticks (open+high+low+close)/4?
what i really love is when you have a bid on for ever, and the market makers fill there buddies at the price with extreme volume, and never pick you up, leaving you pay 1 or 2 pennies higher...just magical!
it is the game that we have decided to participate in. not for the faint of heart...play the odds, and have confidence in your analysis. you won't win every trade, but if disciplined you can beat the boys at there game, and take some fictional money from them!
112.30-112.40 should provide some resistance to the upside.
with djt down 2.5% already this morning, i would be looking for a good place to go short to play a gap fill of friday's close. 30 yr bonds got rejected pretty hard 3 ticks below yesterdays high...but the momentum is up for bonds.
so far futures are defending the 1118.75 level...previous top is trying to become support!
that is a losing game indeed...you have to know how options move...they stop at specific prices if they have the intention of reversing, or pierce through certain numbers if they want to go lower...it's like watching the tape of the market..same thing different vehicle.
do you trade options? 1% off...are you kidding me. i'll be just fine, but thx.
dollar has only 1% more to go before hitting some longer term support...trend still down, but extended like the euro was extended on the way down earlier this year...expecting a bounce on the dollar shortly...nothing dramatic, but a 2-4% bounce would not be un-common.
damage control my friend...1 more average down, then will look or exit...
worked well back in 2008! it would seem that the market has the opportunity to run to make a double top or higher high...1156.25 is my line in the sand, once again. market right now, is not being nice to me...i am hoping to exit my puts by end of week...i have one more add potential before i reach my max for any one position. so i will pick my spot very very carefully...if we start lower tmw, then push up, it would create some neg div on the hourly as we make new highs after initial selling is over...stopping around that 1140 level would be optimal, and i would add to my puts if exhaustion signs appear.
this gap up and bull bar has be worried with downside...could be a repeat of feb 2010 actions...
i'm sure there cousins...so dont worry bout that...if he does not do as he is told, he'll be in a plane crash on his way to sking trip.
looking for retrace thats all. we'll see...maybe hit the 1131 then down tmw...
i will be watching for distribution during the last 5 minutes of the day.
of course we will...there is no doubt in anyones mind that we continue up today...tmw is another story...lot's of data coming out again in the morning to dampen this mood.
about 4 people reading this board...facts are facts...and the facts are that haiti was a set up play for the former presidents...they had the website up for donations a couple months before the earthquake hit!
wouldn't that be a coincidence...the top of the rising wedge...lot's of vix 30 calls going today, and 105 spy puts, and 1050 spx puts for aug. jupiter and pluto going to play a dance in the skies tomorrow which could lead to more stories about debt...which could shift the energy temporarily to the this action...remember, transports and russell not making new highs yet...bonds also not confirming this move
good to hear that the haiti relief fund is being put to good use!
rut futures hit a high of 671.5 on the 27th of july and today's high is 664.1. 1% off the previous high...so let's see how this plays out.
russell and transports not following this move up...
all we need now is a succesful backtest of the 1110-1112 area, and lift off from there...
this is the exact action that bulls needed for today. the bulls will likely prevail for a few more weeks...
no, should be a buy the dip all day!
maybe...the top for today is 1131.
i just added more spy 105's at .34$. had a bid at start of day, and it finally got hit. average is .53$
you don't use the cross over to short or go long, but rather as an indicator for the direction of energy. and right now, the 200 is flat, and the 50 is trying to curl up, the weekly still has a 13sma still pointing stright down...we need a significant push up from here to get the ball running, but will likely have a 2 step forward 1 step back type of rise if we do.
nice charts, sweet and simple.
den and 2bit,
your current up channel is not validated as of yet...however the rising wedge is right now a more accurate picture...i would say that the up channel is speculative at the moment. how often does the 50 cross the 200 and fail? almost every market has the cross over (except the dax). not saying that it can not get back over, but right now the energy is still to the downside.
2bit, those are pivots, not saying that i will not play in between...cause you know that i did...to the upside past 1124, my ultimate line in the sand is 1156.25...if we close above, we open the door for double top or 1250, which i have mentioned before here. i'll be out of my puts at the open if the market shows clear signs of more up, and if not i will be looking for a trip to 1075...at which point i will take profits.
au revoir deux morceaux
nobody knows where she will go next week. some things are pointing up, and other indicators are pointing down. what we do know is that there is a lot of volatility in the market...so what we should all focus on is pinpointing resistance zones and acknowledging them as pivot areas. close above, or below will lead to more up or down. if you play the channels, you typically have to wait for a backtest of the broken channel to enter the position, as they often are backtested.
as for me, 1120-1124 is a pivot for more up, and 1075-1080 is a pivot to the downside. once those level are breached either way, then we can safely say where the continuation will be.
Gleno, keep calling those levels, as you have been extremely accurate with your targets!
See you all on Monday.
nice weekly candle...it's as if it never happened! closed down 1 point!