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Post by huh on Jan 27, 2015 10:31:26 GMT -5
I think the market's far too susceptible to a large gap down right now...look to GOOG's chart as one example why. If that turns out to be an island pattern, it could see sub-450 in a very short amount of time. Saw the potential for the gap down primarily in GOOG's chart, and GOOG's still way above it's major support -- the support that it should gap UNDER. GOOG reports earnings Thursday after the close. |
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Post by novie08 on Jan 27, 2015 10:32:48 GMT -5
The bots are really serious now. NASDAQ looking at -100! It must be the Blizzard. TG I still have my hedges...for those interested in GORO: news.goldseek.com/FeaturedPR/1422367499.phpDid y'all see Goldman's blaming the CBs for their WRONG call on gold? Hehehe, they are so funny. |
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Post by huh on Jan 27, 2015 10:34:29 GMT -5
The bots are really serious now. NASDAQ looking at -100! It must be the Blizzard. "It must be the blizzard" Whatever makes the masses feel better.  |
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Post by Herceg on Jan 27, 2015 10:39:24 GMT -5
Next BIG support I see is 2000 for SPX...................  JMO and BOL............ |
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Post by huh on Jan 27, 2015 10:49:06 GMT -5
SPX futures downside target ~2008. That should put SPX ~2015. Market took the scenic route, but, al...most...there. |
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Post by huh on Jan 27, 2015 10:55:41 GMT -5
upsidetrader
$IBB flight to safety LOL. Say WHAT!? This one's going to be funny when all's said and done. |
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Post by novie08 on Jan 27, 2015 10:56:01 GMT -5
Looks like the hedgies were right...they're usually a bit ahead of the crowd. Dow eyeing -400; can't remember a day like this since 2008-early 2009. |
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Post by crumbdon on Jan 27, 2015 10:56:33 GMT -5
Next BIG support I see is 2000 for SPX................... JMO and BOL............ Likely, but this is a big enough gap down/washout that this 2016-ish area may hold. Maybe. BTW, I'm looking at ES 2016. If that fails, then yes- long ways down |
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Post by huh on Jan 27, 2015 10:57:38 GMT -5
I don't think it holds...not this week anyway. Need to see GOOG washout and finally fulfill that 1.5 year island topping pattern before market finds any real strength.
Then perhaps new highs into March. (remember the Mar/Oct phenomenon?...and the H&S-RS-squeeze-to-new-high phenomenon?)
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Post by walnut on Jan 27, 2015 11:08:45 GMT -5
It always was bots. There is no Joe Sixpack on the other side of most of your trades. And as far as options goes, the bid asks are ALL artificial, arbitrary inventions of the market makers.
("Joe Sixpack" is not intended as a perjorative haha)
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Post by walnut on Jan 27, 2015 11:14:23 GMT -5
Speaking of Joe Sixpack, I bought 3000 rounds of .22 LR yesterday online. I am hoping that will get me on Holder's list of redneck bubba's to be watched. I am thinking it is not even a start these days, probably needs to be 10000 or 20000 rounds at least.
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Post by huh on Jan 27, 2015 14:16:23 GMT -5
upsidetrader
$IBB flight to safety LOL. Say WHAT!? This one's going to be funny when all's said and done. Or not. Wow. IBB back to green. |
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Post by huh on Jan 27, 2015 14:41:46 GMT -5
Look at what CLF did...again. That's what makes this market so uninvestable for me. And exactly the thing that continuously kills my faith that the market could actually be a reflection of real buyers and sellers.
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Post by huh on Jan 27, 2015 14:56:25 GMT -5
Amazing strength in the indices compared to many of the large caps.
Today's action in YHOO looks like another POTUS pattern...and right before it's earnings.
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Post by huh on Jan 27, 2015 15:21:46 GMT -5
MNKD worst case support now ~6.19.
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Post by huh on Jan 27, 2015 15:25:27 GMT -5
Still watching you... NBG...  That 1.35-1.45 area very significant IMHO. |
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Post by huh on Jan 27, 2015 15:58:34 GMT -5
Look at what CLF did...again. That's what makes this market so uninvestable for me. And exactly the thing that continuously kills my faith that the market could actually be a reflection of real buyers and sellers. See what I mean? CLF 15% drop from HOD. That's really something...but what caused it to pop in the first place? That's what bothers me. |
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Post by huh on Jan 27, 2015 15:59:32 GMT -5
If the market continues down, Thu/Fri could set-up some potential buy opportunities.
BABA also reports on Thursday along with GOOG, but before market open. Watching BABA for a potential buy (maybe) a little under 92.
Watching a few others as well (AAPL, NBG, YHOO, FAS, etc.). Wishing I had been in MNKD for this run. I missed that one.
Anybody watching any other possible buy targets?
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Post by huh on Jan 27, 2015 16:33:45 GMT -5
YHOO up big after hours after disclosing that it will spin-off it's stake in Alibaba into a separate non-profit, public company in order to monetize that stake back to YHOO shareholders. I can see why YHOO would be up - perhaps even speculation of a one time special dividend after the IPO.
But here's my questions...
1) Unless YHOO sells this stake at a discount, why would anyone buy it versus buying BABA directly? Wouldn't YHOO had gained significantly more by selling this stake prior to the BABA IPO? I would think they would have gotten perhaps as much as 2x's the BABA IPO price.
2) And, doesn't this act as a dilution to BABA's share price? It is making more shares available to the general public now (15% more).
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Post by birthmark on Jan 27, 2015 16:34:56 GMT -5
Hey Huh--
I would like to get some BABA as well. ANd more AAPL if it drops to below 100 like you've called.
I saw where you noted GOOG could drop to 450. I would be all over that in a big way for a LT hold.
ANd I'm still watch NBG but haven't touched it. You called that drop a long time ago to 2.02 (and then some!) -- great call.
MNKD has had a nice bump as they're starting to market Afrezza in February.
Still distrustful of anything these days.
GL and keep up the good work!!
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