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Post by huh on Aug 26, 2015 9:09:04 GMT -5
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Post by novie08 on Aug 26, 2015 9:13:21 GMT -5
God willing we'll have another chance, lol!
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Post by huh on Aug 26, 2015 9:17:07 GMT -5
Dollar futures running. Multiple major resistances up ~95.30-95.40 (currently @94.78) EURUSD already giving strength to the dollar futures with the iH&S backtest fail, but would need to see dollar futures over this above mentioned resistance before a real squeeze could begin Also, would like to see VIX futures under 21.90 - and they're quite a bit higher than that right now (@24.88)
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Post by huh on Aug 26, 2015 9:18:17 GMT -5
God willing we'll have another chance, lol! Yeah, but will we want it when we get it? LOL GDX major resistances now 13.60 & 13.75
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Post by huh on Aug 26, 2015 9:19:51 GMT -5
Market quotes are crazy. I look and one minute and S&P is @ 1906. A minute or two later, @ 1892
How is any respectable trader supposed to use a hard stop and remain sane?
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Post by huh on Aug 26, 2015 9:35:07 GMT -5
I put stops in on my 2 long positions, but I imagine they'll get hit before I finish typi ...
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Post by crumbdon on Aug 26, 2015 10:00:51 GMT -5
The only way I would even consider buying this would be a drop to fill the gap with a little consolidation there before rising. I doubt this market will produce those conditions today, but who knows???!? In lieu of a gentle consolidation at gap fill, I would also accept a poop-your-pants washout as well. Either is fine. Come to papa....
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Post by birthmark on Aug 26, 2015 10:01:48 GMT -5
Come on people, you should all know by now that 400 point swings EVERY DAY, um HOUR is a sign of a healthy market. Carry on...
And please don't talk about holding on to DUST... kind of a sore subject with me, ahem, sniffle, sniffle...
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Post by huh on Aug 26, 2015 10:09:15 GMT -5
I put stops in on my 2 long positions, but I imagine they'll get hit before I finish typi ... Doink Doink Out of the home builders for a loss (~11% each) Ouch. Fortunately I had bought that DUST about the same time, so only down a little since going long late last week. I hadn't intended it, but DUST worked like a hedge. And yes, that is definitely the glass half full way of looking at this! Bwahahaha Overall down ~2% on bullish trades since Friday. Could be worse I guess considering all that's happened.
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Post by huh on Aug 26, 2015 10:12:53 GMT -5
I've got a couple buys in for long market positions (DUST and NOAH) but won't hold them underwater for very long if they get filled
I also considered VCEL ~2.70-2.75, but I can't see any support under there until ~2.50's should it fail to bounce after buying. Also, I really know absolutely nothing about the company.
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Post by huh on Aug 26, 2015 10:30:21 GMT -5
Dollar futures running. Multiple major resistances up ~95.30-95.40 (currently @94.78) EURUSD already giving strength to the dollar futures with the iH&S backtest fail, but would need to see dollar futures over this above mentioned resistance before a real squeeze could begin Also, would like to see VIX futures under 21.90 - and they're quite a bit higher than that right now (@24.88) Need to see EURUSD lose 1.137 now to really confirm the failure. Dollar futures need to hold ~94.47. Even still, the indices' charts look like dooky here. IWM only up 1/3rd what the other indices are. I'm still hoping for a squeeze, but it is only that now - hope Gotta run for a bit BOL all
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Post by crumbdon on Aug 26, 2015 11:17:17 GMT -5
The symmetry of the drop on SPX is beautiful today. Buy programs expertly deployed to cushion the descent and avoid panic. Let's close this gap now.
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Post by novie08 on Aug 26, 2015 11:27:29 GMT -5
Just look at UVXY; over 14% swing... Now thinking we see Armstrong's (not written in stone yet) 12,000 on the Dow. Indices falling fast now. $5 Trillion printed, all ended up on Wall St. saving the banks. Bye, bye.
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Post by crumbdon on Aug 26, 2015 11:48:46 GMT -5
I couldn't have said it better, Novie. You nailed it.
(BTW, Autocorrect turns you into "Movie") Cool.
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Post by jacksrbtr on Aug 26, 2015 12:01:40 GMT -5
Just look at UVXY; over 14% swing... Now thinking we see Armstrong's (not written in stone yet) 12,000 on the Dow. Indices falling fast now. $5 Trillion printed, all ended up on Wall St. saving the banks. Bye, bye. (_)hit! Dow 12K!? Hell in that case I shoulda waited getting the AAPL on Monday.
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Post by crumbdon on Aug 26, 2015 12:06:02 GMT -5
Somebody just launched a big " get out of jail free" buy program.
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Post by novie08 on Aug 26, 2015 12:08:51 GMT -5
Wait and see if we close below his number on Fri/Mon...then IF that happens, buy some more when we see 12,000; also says there's strong support at 13,900. More amazingly, he's talking the top could be 23,000 now; that is quite a fall from 38-40,000 he was saying possible just two months ago. But it is double 12,000. I don't think he means by Monday tho Jack; he's saying in Oct. if it happens.
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Post by novie08 on Aug 26, 2015 12:09:43 GMT -5
Somebody just launched a big " get out of jail free" buy program. It's da Fed, it's da Fed!
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Post by huh on Aug 26, 2015 12:13:51 GMT -5
Following some time away to clear my head, and after careful consideration of the action over the last few days, I've come to one, decisive epiphany:
"hamana-hamana-hamana"
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Post by huh on Aug 26, 2015 12:15:13 GMT -5
LOL. Actually, unless something drastically changes today, it sure looks like Herc may have been correct all along with his low 1800's target
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