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It looks like a pretty clear message from the banksters to the gov. : “If you touch us and we go - we’ll kill the market and you go too!”
The reversal will happen when they feel comfortable to do it!
Not surprising, the media try to divert our attention to Christmas retail performance and health care!
Have a nice weekend 3X!
There is always a next time!
Out for the second time (1.52).
WOW! That was fun!
Thanx for the suggestion!
Yes: 136.36!!!
Now: 135.94
Next Target = 135.68
Sorry! I have problems with the uploading. I’ll try again later!
It’s a fun chart!
Yes, I got out close to 135.25 which was my target.
Do you want to see the 1 min trading chart?
Yes, VIX says: next week = UP week for the market!
OK...I am looking at Nov 135 calls.
Why? Do you see a second round of shorts covering before close?
Nice and clear explanation, Lee!
AGN Apr 2011 72.5 calls @ 3.30
NO: the South African Rand. Their currency!
The huge Ashanti gold reserves are in South Africa!
Soros has an interesting speculative play: long the S. African Rand & long AU (Anglogold Ashanti.
This might create some action. Maybe the big boys will try to lift the market at the time of the IPO, for which they work so hard, campaigning! LOL!
Today was a very boring day!
Treasuries reversal : BUY TMF & SELL TBT
Yes:FXP. Up 0.83 in pre-market on O shares traded...just movement of bid an ask. LOL!
SPX GANNALYSIS:
A Gann Fan starting at the Mar 2009 low was constructed to fit the stringent requirements of this figure, where the 1x1 time/price line has m =1 (i.e. a slope of 45 degrees). Interestingly, the price bounced after hitting this line at the end of Aug 2010.
Since 1x2 and 2x1 are too far apart, intermediate lines were generated for the sector defined by 1x1and 1x2: H(i), where increments i=n/16, and n=1,2,3...16.
Although artificial, some of these lines appear to be well integrated in the price evolution landscape.
Sonic Solutions (SNIC)
Nov 9 : CEO Dave Habinger said in an interview with Tech Trader Daily that revenues from the company’s Roxio Now movie download platform were up 24% sequentially and 136 % year over year. He points out that the service, in connection with various partners, is now available on more than 200 different consumer electronics devices, up from 49 one quarter earlier. But the growth in the Roxio business didn’t make up for weaker performance in its software business; overall revenues were down slightly from a year ago.
Habinger says the company is on track to hit 30 million devices with a version of its movie service by June; he says Sonic expects to have one or more versions of its download service on up to 95% of connected Blu-Ray players and TVs over the next few years.
NYSE adv/decl, vol. and THRUST:
On this chart, IMHO, the key for tomorrow is the analysis of $ADV (top sub-graph). If its defining Linear Reg. Curve will close under the Fractal MA (30, H+L: white horizontal thick line) that should be a turning point. This would be even more significant if the whole daily bar would stay under the Fractal MA, as it did during the previous 2 days.
The next is much lower…1177. But we did not break 1193.82 yet. We were close (1194.08) and bounced.
No, just the old news of G20 confrontations. The smokescreen of globalization!