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the farther we fall, the faster we pop
agree with you. thinking this is all about the restricted share selling in china that expires Friday. I am actually correlating a reversal when 1. china has an up day, and 2. on the 20day chart (2hr interval) SPY crosses up over the T-line. Any thoughts or input always appreciated.
My 209/210 bear call spread is so low that if it could go neg it would.
hard to tell if they are trying to push it down or hold it up
agreed. Still a lot of cash from last two weeks of Dec out there ready to be reinvested.
Have a break of 2000 as mental confirmation for further DT. Dec 14th and 18th it bounced in this area. One thing is certain, being in this area 3 times in recent days usually means a nice move in either direction, usually following short term sentiment. Repeat Usually
bought into 209/210 bear call spread Weds to expire this Friday.
my wife always tells me "There you go thinking again" LOL
Go ahead and bet we go down before 2016.
The Santa Claus rally at full tilt. happens most years. The dip last week just fueled it more, may see a small pullback on profit takers at the 2100 level but then onward and upward into EOY. GM all
GM all, I too am sitting all cash, whats left. Bought some land next to me, rest is small bank to play with. Just popping in and out. As dollar pointed out, too many time charts look to go in one direction and pops the other, getting to the point where it is not much fun any more. Some traders I know are about 30% cash and rest in divi stocks. Most believe the bull on the last wave, as do I. 2016 will be a challenge. have a great day all!
or was it a quick dump of shorts before another fall, who knows but it sure looks like a stinky pinky paint job!!
roger that
would think the 2030's area would be next
that is what I am looking for. The lunchtime reversal
bots busy this morning, got in DEC calls at 10:20 near the bottom, out at 10:39 for a little bank.
Hey DEEJ!! having venison jerky for breakfast.
GM all!! my internet service on the fritz this week so did not dare trade.tech coming today. Good jobs report, looking for some thoughts on market reaction. MY personal thought is we follow what happened when they mentioned Dec increase, market dropped then ripped up hard. Of course the Decempticons can take over then who knows.lol
man, just sitting the sidelines. I do not have a handle on this market. Still have 2100 as big resistance.
nice job, thanks for sharing
AAPL does have a habit of dropping after earnings. It will be interesting
I like to compare IWM to SPY and the Dow. hedge boys retreating from riskier stocks when they rotate out of IWM and into blue chips and you can see it in IWM retreating faster than the blue chips. hope that makes sense. Flipped 205 Nov puts for a few bucks. Can make more in one hour in my woodshop than what I cleared LOL
My 10:10am rule in effect. see too much bid jumping for my liking.
Thanks Oddlot, GM to all
Agree that the bull market is intact, but as is with all bull markets retraces happen and this has one coming short term then move back up. If it does not retrace by the end of the month I will be in for the long haul bull to EOY. just my thoughts
Our turn down will be as the EU markets slide on profit taking before their close. Seen it time and time again. Been watching the dax
I have a few mar 197 puts, lol
Thanks for sharing Oddlot. Still think you are on the right track, maybe a little early. You could end up like me, usually late to the party.
GM SPY-kateers!!!!
That is what I am watching for, the 12-3 push up. Just need to start to see the bid jumping for a signal!!! LOL
Nice Job B.E.T. Big Brass There!!!!
yeah, pretty much filled the opening gap, now to find some direction
hey DEEJ, gm all
next week will be the test for earnings as a ton of companies are to report.
I see channel tightening, bolli's tightening, soemthing should move here soon. 1 min chart
bouncing off the 50 on the 1 min chart
GM DEEJ, got another deer this weekend, pressure cooker perkalatin', stew started on the stove for dinner, and jerky in the dehydrator
Get a little DT and in comes the bid jumping to kill it. Pretty obvious they do not want it to fall. neg slope of the 20 ma on the 1min not very strong. Just going to watch for a while
looking for new high or low to place a bet. with chart support
keep looking at the chart seeing 20 bear 50 bull, coming closer together, bearish channel ETC ETC. Had to smack myself in the forhead and tell my brain to STFU!!! Nothing there yet, jeez