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Post by huh on Oct 27, 2014 9:17:02 GMT -5
S&P futures about to hit a bear flag downside target ~1944 (SPX ~1949-1950). Let's see if that can produce a bounce. BOIIINNNG! Now let's see if it holds here (~SPX 1957.40), or if only a dead cat bounce.
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Post by huh on Oct 27, 2014 9:25:47 GMT -5
First time I crank up the heat in the morning This should be the last beat down as everyone uses their furnaces. Courtesy of ST, poster "SISTER": sister $XLE Goldman Sachs iiars wanna shake ya out right before one of hte largest Q4 snapbacks in 10 years Be afraid. Be very afraid. LOL
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Post by huh on Oct 27, 2014 9:37:06 GMT -5
XLF potential intraday iH&S support @ 23.01.
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Post by huh on Oct 27, 2014 9:39:47 GMT -5
XLF potential intraday iH&S support @ 23.01. XLF upside target ~23.18/23.19 should that support hold. Over 23.07 confirms.
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Post by huh on Oct 27, 2014 9:42:56 GMT -5
SKAWEEEZE!
"No gap for you!" -the Gap Nazi
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Post by huh on Oct 27, 2014 9:52:39 GMT -5
Odds are stacked against it, but if EWZ were to hold back above 39.50 today, that could set-up a serious short squeeze. But for now, that mark is simply resistance and a bearish backtest. JMHO That resistance/backtest in EWZ actually sits around 39.40.
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Post by huh on Oct 27, 2014 9:58:14 GMT -5
IWM upside target ~110.95, iH&S backtest support 110.
Careful though, VIX action seems to be suggesting this bounce is only gap filling and FIB retracing. (currently at least, that of course could always change by the close)
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Post by crumbdon on Oct 27, 2014 10:00:48 GMT -5
SKAWEEEZE! "No gap for you!" -the Gap NaziFins too string to let us fall today. Must be glee over those stellar results from the European Bank stress tests. *sarc*
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Post by huh on Oct 27, 2014 10:03:11 GMT -5
XLF potential intraday iH&S support @ 23.01. XLF upside target ~23.18/23.19 should that support hold. Over 23.07 confirms. Sorry, XLF upside target actually 23.15/23.16. Support now 23.07.
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Post by huh on Oct 27, 2014 10:28:57 GMT -5
QQQ support now 98.44. SPX support now 1957.47.
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Post by walnut on Oct 27, 2014 10:38:27 GMT -5
Bought 5 more contracts of 'Synthetic'[TM] at 4.76. It is now 4.77 to 4.8 beat the spread.
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Post by huh on Oct 27, 2014 10:51:41 GMT -5
someone posted today is last day of QE To my knowledge, the Fed has NOT officially announced this. From the POMO schedule page: "The next release of the tentative outright Treasury operation schedule will be at 3 p.m. on October 31, 2014"They could still keep this small portion of it running for a bit. And 'coincidentally' right before people are heading to the polls to vote.
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Post by walnut on Oct 27, 2014 11:21:50 GMT -5
Bought 5 more contracts of 'Synthetic'[TM] at 4.76. It is now 4.77 to 4.8 beat the spread. Now I get to test during falling volatility. This is the weakest environment for it, but I think it will continue to ratchet up slowly.
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Post by huh on Oct 27, 2014 11:49:53 GMT -5
First time I crank up the heat in the morning This should be the last beat down as everyone uses their furnaces. Courtesy of ST, poster "SISTER": sister $XLE Goldman Sachs iiars wanna shake ya out right before one of hte largest Q4 snapbacks in 10 years Be afraid. Be very afraid. LOL XLE trying hard to squeeze a large bear flag. Hasn't confirmed either way yet. 83.35 support, ~83.81 resistance.
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Post by huh on Oct 27, 2014 12:04:46 GMT -5
IWM upside target ~110.95, iH&S backtest support 110. Careful though, VIX action seems to be suggesting this bounce is only gap filling and FIB retracing. (currently at least, that of course could always change by the close) Lunchtime over... IWM hitting intraday iH&S upside target (but only after losing support more than once).
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Post by huh on Oct 27, 2014 12:08:29 GMT -5
Courtesy of ST, poster "SISTER": sister $XLE Goldman Sachs iiars wanna shake ya out right before one of hte largest Q4 snapbacks in 10 years Be afraid. Be very afraid. LOL XLE trying hard to squeeze a large bear flag. Hasn't confirmed either way yet. 83.35 support, ~83.81 resistance. Lunchtime over... XLE overshot the resistance, but now failing lower supports.
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Post by huh on Oct 27, 2014 12:10:00 GMT -5
Odds are stacked against it, but if EWZ were to hold back above 39.50 today, that could set-up a serious short squeeze. But for now, that mark is simply resistance and a bearish backtest. JMHO That resistance/backtest in EWZ actually sits around 39.40. Lunchtime over... EWZ hitting the 39.40 backtest of failed support.
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Post by huh on Oct 27, 2014 12:44:01 GMT -5
That resistance/backtest in EWZ actually sits around 39.40. Lunchtime over... EWZ hitting the 39.40 backtest of failed support. Does anything not squeeze? ...Anything? ...Ever?
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Post by huh on Oct 27, 2014 13:00:40 GMT -5
someone posted today is last day of QE To my knowledge, the Fed has NOT officially announced this. From the POMO schedule page: "The next release of the tentative outright Treasury operation schedule will be at 3 p.m. on October 31, 2014"They could still keep this small portion of it running for a bit. And 'coincidentally' right before people are heading to the polls to vote. I believe the Fed meets on Wednesday.
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Post by huh on Oct 27, 2014 13:43:14 GMT -5
It's getting to the point that I don't want to go long anything unless it's in a big ole bear pattern...and confirmed that pattern at least 2x's.
LOL (but not joking - those have the best pops anymore)
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