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Post by crumbdon on Aug 24, 2015 12:38:51 GMT -5
Pause, or SPX H&S forming intraday? Or option "C"? Simply roll over and D I E ! !
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Post by huh on Aug 24, 2015 12:41:47 GMT -5
...NBG hit .56 with LOD (pretty close to target). I'd feel more comfortable if it can get back >.66 now (back above the steep down slope)... NBG HOD so far .669. The algos, they're messing w/me!
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Post by huh on Aug 24, 2015 13:15:16 GMT -5
Would have thought it already was the largest reversal ever. When I looked in pre-market, wasn't the Dow -well over 1,000 pts.? Cannot imagine how much $ the bots made today. I think he means it would have to go from red to green to be considered a true 'reversal'
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Post by crumbdon on Aug 24, 2015 13:16:55 GMT -5
Hmmmmmm... Dip buyers all dried up, eh??
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Post by dino on Aug 24, 2015 13:18:03 GMT -5
I bet Huh could do some graphical wonders to that pic. My version, but I know PH's vision would be much, much better (and most likely animated!) OMG!!!!!!!!!!!!!!
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Post by huh on Aug 24, 2015 13:46:30 GMT -5
To me, the scariest thing about all this recent action isn't the indices, but rather that the commodities aren't rising against a falling dollar.
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Post by crumbdon on Aug 24, 2015 13:49:52 GMT -5
SPY do or die here for the rest of the day. If it fails as expected, our REAL bottom should form Tue/Wed.
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Post by jacksrbtr on Aug 24, 2015 13:50:47 GMT -5
To me, the scariest thing about all this recent action isn't the indices, but rather that the commodities aren't rising against a falling dollar. Which only goes to prove "All that glitters is DEFINITELY NOT GOLD!"
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Post by huh on Aug 24, 2015 13:54:05 GMT -5
S (Sprint) upside target over 5.00 - at least 5.25 - as a swing trade (currently 4.50) Should see some decent pull backs in it today for a better long position though - watch the FIBs Looks like it'll end up being the test of the top of a rounded top, perhaps even a gap fill or two. Long term still lower. The lowest FIB for this breakout in S is 4.03-4.05. Coincidentally, that's also the backtest of an iH&S now. If it gets that low, that would be an awesome risk/reward buy for a swing long. Anyone catch that $4 print in S this morning?
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Post by crumbdon on Aug 24, 2015 14:00:00 GMT -5
SPY do or die here for the rest of the day. If it fails as expected, our REAL bottom should form Tue/Wed. SPY 190 lost. Could be a new low by the close
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Post by crumbdon on Aug 24, 2015 14:01:17 GMT -5
Spooky to watch how fast these moves happen.
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Post by dino on Aug 24, 2015 14:03:03 GMT -5
anybody trying to catch the knife?!?!?
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Post by dino on Aug 24, 2015 14:06:59 GMT -5
Spooky to watch how fast these moves happen. It just now occurred to me... We should have bought some SPY weekly calls on that dip this morning! ARRRGGGHH!!!
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Post by crumbdon on Aug 24, 2015 14:36:41 GMT -5
How many traders out there do you figure want to hold longs overnight??
Should drop like a prom dress rock into the close.
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Post by dino on Aug 24, 2015 14:37:28 GMT -5
lolololol
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Post by crumbdon on Aug 24, 2015 14:47:12 GMT -5
Ha-ha, egg on my face.
Dad must've walked in on the kids, cuz that dress went back up FAST after I posted!!
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Post by jacksrbtr on Aug 24, 2015 14:48:15 GMT -5
"Spooky to watch how fast these moves happen." ...said Freddy Krueger
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Post by jacksrbtr on Aug 24, 2015 14:53:54 GMT -5
Apple needs to puke again it really does. I think most people see this as a BTFD these people need to see Freddy in their 401K dreams.
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Post by jacksrbtr on Aug 24, 2015 15:03:59 GMT -5
How many traders out there do you figure want to hold longs overnight?? Should drop like a prom dress rock into the close. Parents would be wise putting anti-theft devices on those there prom dresses.
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Post by jacksrbtr on Aug 24, 2015 15:06:50 GMT -5
Hmphhhhh! Continental barely saved its 3.00 support at the close - BFD.
wish they'd start feeding it some steroids.
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