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Post by crumbdon on Mar 2, 2015 10:52:50 GMT -5
Wow. Where did that spike in oil come from? Dollar rose with it. 50.50 the major FIB resistance in oil, 49.75 the major support. Lose that support & minimum downside target would be ~47.00, but perhaps as low as 45's again. I must say, I side with the pundits calling for oil to touch 30's this year. The supply glut in most parts of the world has been very understated. Saudis not done yet putting the hurt on Russians and Frackers, IMOHO.
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Post by huh on Mar 2, 2015 11:02:37 GMT -5
Wow. Where did that spike in oil come from? Dollar rose with it. 50.50 the major FIB resistance in oil, 49.75 the major support. Lose that support & minimum downside target would be ~47.00, but perhaps as low as 45's again. Oil >50.50. Just not my day.
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Post by crumbdon on Mar 2, 2015 11:05:04 GMT -5
50.50 the major FIB resistance in oil, 49.75 the major support. Lose that support & minimum downside target would be ~47.00, but perhaps as low as 45's again. I must say, I side with the pundits calling for oil to touch 30's this year. The supply glut in most parts of the world has been very understated. Saudis not done yet putting the hurt on Russians and Frackers, IMOHO. Or maybe I should say, the Russians and those Fracking Americans!!
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Post by crumbdon on Mar 2, 2015 14:21:50 GMT -5
Today is really just New-Month parlor games so that somebody could put a shiny 5K star on the NASDAQ.
I think everything made the first few days of this month gets given back quickly, possibly even by the end of this week.
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Post by huh on Mar 2, 2015 14:22:31 GMT -5
Possible bull flag in NKE - not yet backtested - that would occur in low 95's if in next couple days. CAUTION...This one is giving off some red flags... [chart] I'm giving up on the potential NKE bull flag. Took to long to backtest.
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Post by huh on Mar 2, 2015 14:23:42 GMT -5
Today is really just New-Month parlor games so that somebody could put a shiny 5K star on the NASDAQ. I think everything made the first few days of this month gets given back quickly, possibly even by the end of this week. Look at GOOG today as an example of this. Give it a couple days. That one's going to hurt.
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Post by huh on Mar 2, 2015 14:28:05 GMT -5
VRX could be a short here. Hit the upside target of a large cup'n handle with it's HOD today. Left some big holes below. Still consolidating up around that bullish target that was hit, and still a good short candidate against the recent high. A developing H&S confirms under 196.00 now if looking for confirmation first. Oh, isn't that sweet?...MM's giving bears another chance to short this name. Could see a slightly higher high this time. (head test of H&S)
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Post by huh on Mar 2, 2015 14:39:49 GMT -5
Today is really just New-Month parlor games so that somebody could put a shiny 5K star on the NASDAQ. I think everything made the first few days of this month gets given back quickly, possibly even by the end of this week. Look at GOOG today as an example of this. Give it a couple days. That one's going to hurt. Eventual target after today's action a little under 397. ~30% down from here (may rest some ~449-450). Worst case stop a close >583.
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Post by birthmark on Mar 2, 2015 14:41:24 GMT -5
Would Looooove to get some at 400!!
GL
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Post by huh on Mar 2, 2015 15:47:21 GMT -5
I'm starting to think that perhaps a market crash is actually the goal here.
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Post by walnut on Mar 2, 2015 15:51:49 GMT -5
Glad i didn't sell those 215 calls...
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Post by crumbdon on Mar 2, 2015 15:53:13 GMT -5
Algos are setting up for that SPY 212.97 FP tomorrow. They've been gunning for it all day. Even running down the VIX to give the ES a boost. Don't short it.
Yet.
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Post by novie08 on Mar 2, 2015 21:56:39 GMT -5
Today is really just New-Month parlor games so that somebody could put a shiny 5K star on the NASDAQ. I think everything made the first few days of this month gets given back quickly, possibly even by the end of this week. That's what my guru says but had my doubts today. Everything I own closed red in spite of the index numbers. Also love the turn of phrase "New-Month parlor games".
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Post by crumbdon on Mar 2, 2015 22:19:47 GMT -5
Today is really just New-Month parlor games so that somebody could put a shiny 5K star on the NASDAQ. I think everything made the first few days of this month gets given back quickly, possibly even by the end of this week. That's what my guru says but had my doubts today. Everything I own closed red in spite of the index numbers. Also love the turn of phrase "New-Month parlor games". Yeah, it's almost sinful the way "they" (i.e. "Crooksters", "Banksters", "Sell-Bots", et al) can dump so many real shares whilst pumping up the Unicorn shares that the major indices are [apparently] made of isn't it?? Parlor games just seemed to be the first thing that came to mind as I watched it. Notice how they also gave no clue in last night's Futes the stunt they would pull in the open market. All on pathetic volume, especially in the ES. Guess I better stop before I start RANTING, eh?
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