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Post by huh on Feb 26, 2015 15:09:14 GMT -5
It's a good time to see what's NOT selling off. (yes, I see you EGOV). lol
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Post by crumbdon on Feb 26, 2015 15:23:33 GMT -5
I think there are some FatWallets that are going to MAKE SURE that ES doesn't close below 2100 this month.
We just came close, and it was met with a sharp bounce.
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Post by huh on Feb 26, 2015 15:26:36 GMT -5
I think there are some FatWallets that are going to MAKE SURE that ES doesn't close below 2100 this month. We just came close, and it was met with a sharp bounce. I don't know. It's sure FIBbing like a real down move. If AAPL could manage a move >130.40, that of course would change everything.
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Post by huh on Feb 26, 2015 15:34:50 GMT -5
Watching CRM and AKRX........... BOL to all............ AKRX <53.09 now sets-up as a short term short.
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Post by huh on Feb 26, 2015 15:41:00 GMT -5
SPX lost the 2107 FIB support I mentioned yesterday. Could see a 2060-2090 backtest now on this move. Something like 2106, then pop to 2111, then 2103, then pop to 2110, would set-up a complex H&S for it. But that's the best case scenario. JMO Actually, I wasn't too far off with this scenario so far. It's the rising dollar that makes it so likely. But it's all on AAPL right now. Hopefully SPX ends with a late day squeeze - even though those are SOOO rare [/sarc].
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Post by crumbdon on Feb 26, 2015 15:44:21 GMT -5
I think there are some FatWallets that are going to MAKE SURE that ES doesn't close below 2100 this month. We just came close, and it was met with a sharp bounce. I don't know. It's sure FIBbing like a real down move. If AAPL could manage a move >130.40, that of course would change everything. Lol, FIB is right- it is LYING to you to make you BELIEVE that it is going down! It'll be green by the bell
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Post by huh on Feb 26, 2015 16:00:22 GMT -5
I think there are some FatWallets that are going to MAKE SURE that ES doesn't close below 2100 this month. We just came close, and it was met with a sharp bounce. I don't know. It's sure FIBbing like a real down move. If AAPL could manage a move >130.40, that of course would change everything. Maybe??? Closed at 130.42, exactly 1 penny above the last FIB resistance.
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Post by huh on Feb 26, 2015 16:30:56 GMT -5
JCP hit 9.19 in pre-market. That's the FIB resistance I mentioned yesterday. Could be a good short opportunity there, or at least a decent risk reward with a stop just above. Down ~4% since. Would expect the neckline backtest ~8.50. I'm hoping it fails there & drops for that lower gap fill. JCP gave late bears a 2nd chance to short it today. Down ~8% in after hours. The backtest of the neckline sits ~8.50 tomorrow. It's currently trading below that. If it trades below 8.50 tomorrow, it's NOT a buy IMO.
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Post by huh on Feb 26, 2015 20:16:03 GMT -5
Now I see that AAPL was adjusted later to have closed 130.41.
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