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Post by huh on Sept 1, 2015 9:46:02 GMT -5
Oil down 3.86% to 47.30 in pre, but watch for potential support ~46.50-47.00. If it were to turn up from there AND THEN break over 49.00, it would have a target >60 bucks (have to wait for the break higher though. Until then, there is quite a bit of downside potential) Oil saw 47.05 for a low, then bounced to 48.84. Over 48.50 would send it quite a bit higher now. But should assume down until that happens. Oil failing that set-up. Next supports are 45.80 & 44.80. Would need >48.25 now to flip bullish
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Post by huh on Sept 1, 2015 9:48:31 GMT -5
C'mon AAPL, you know you want to fill that upside gap (support against that happening is now 110.50) And here she goes (went slightly lower than I expected, but only 2/10 of a %) Anything between 112-113.25 now sets up a potential bearish pattern for downside in low-mid 105's (then likely lower after a big bounce from there) Anything in AAPL 110.60's-110.70's is the buy for an intraday (lunchtime) swing long, stop against 110.25. Unfortunately not much upside though - not really worth the risk. I only mention it because market would likely ride up along with it if it bounces - so be careful of buying a lunchtime bounce
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Post by jacksrbtr on Sept 1, 2015 10:13:16 GMT -5
Discriminating people may have heard me say this before:
DIE You #$^! Market DIE!!!TM
(but not in those exact words....)
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Post by jacksrbtr on Sept 1, 2015 10:19:41 GMT -5
Discriminating people may have heard me say this before: DIE You #$^! Market DIE!!!TM (but not in those exact words....) And let me assure you the fact that Gold and Continental are up because of the fear trade has absolutely NUTHIN to do with that sentiment...much.
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Post by huh on Sept 1, 2015 10:22:56 GMT -5
Discriminating people may have heard me say this before: DIE You #$^! Market DIE!!!TM (but not in those exact words....) And let me assure you the fact that Gold and Continental are up because of the fear trade has absolutely NUTHIN to do with that sentiment...much. LOL Be careful with that theory though, if a certain shiny, precious, non-silver metal were to lose 1129.60 in the next couple days, next likely downside target becomes 1060's
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Post by huh on Sept 1, 2015 10:23:41 GMT -5
By the time MM's (Market Movers) and MMM's (Malicious Manipulating Media) are done with this market, there won't be a stop left - long or short
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Post by dino on Sept 1, 2015 10:24:24 GMT -5
Discriminating people may have heard me say this before: DIE You #$^! Market DIE!!!TM (but not in those exact words....) TM
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Post by novie08 on Sept 1, 2015 10:28:39 GMT -5
Hadn't realized the scam UVXY was $281 in mid-Oct. Could we retest that? Guess not with decaying but then again? (does that mean who knows?)
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Post by huh on Sept 1, 2015 10:31:20 GMT -5
Oil saw 47.05 for a low, then bounced to 48.84. Over 48.50 would send it quite a bit higher now. But should assume down until that happens. Oil failing that set-up. Next supports are 45.80 & 44.80. Would need >48.25 now to flip bullish Oil now losing the higher of those 2 supports. Next support ~44.80 If it loses that lower support , expect a pop from a little under 44, up to ~46.00 to form the RS of a H&S for downside to ~38.00 If it instead were to hold that support, it still wouldn't flip bullish now until >48.00
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Post by huh on Sept 1, 2015 11:02:00 GMT -5
Discriminating people may have heard me say this before: DIE You #$^! Market DIE!!!TM (but not in those exact words....) And let me assure you the fact that Gold and Continental are up because of the fear trade has absolutely NUTHIN to do with that sentiment...much. Hopefully it keep rising & breaks out for you, but if CNL loses 2.93, watch out.
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Post by jacksrbtr on Sept 1, 2015 11:29:18 GMT -5
And let me assure you the fact that Gold and Continental are up because of the fear trade has absolutely NUTHIN to do with that sentiment...much. LOL Be careful with that theory though, if a certain shiny, precious, non-silver metal were to lose 1129.60 in the next couple days, next likely downside target becomes 1060's 1066 to be exact!!!October 14th, 1066 Battle of Hastings when the Norman frog William killed Harold bummer.
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Post by huh on Sept 1, 2015 11:48:01 GMT -5
Even AAPL is struggling to find buyers at supports. So much for the gap fill I suppose.
Not exactly sure why I'm even watching this massacre today
BOL all
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Post by dino on Sept 1, 2015 12:19:50 GMT -5
Sold 2/3 of that spxu +8.5% to insure this market continues to die. :-)
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Post by crumbdon on Sept 1, 2015 12:47:42 GMT -5
A major distribution day ongoing in NYSE: 19:1 down
Wowsers.
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Post by huh on Sept 1, 2015 13:39:38 GMT -5
I didn't even realize until this morning that during August ACI has rallied more than 8.2x's (720%). And here's the really crazy thing, it still looks like only a dead cat bounce with heavy resistance coming up ~9.03 (between that and it's 200dma ~9.90's) ACI went from red to +27% already this morning. Could be a good short play if it fails to hold that 200dma (currently @9.92, 200dma @ 9.88) ACI down ~30+% since posted yesterday. If followed with a swing trade, take the gains. (or at least a hard stop if >7) (likely has more downside - a lot more - but would be crazy not to take those 1 day gains or at least lock them in)
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Post by huh on Sept 1, 2015 13:44:41 GMT -5
TWTR up ~3.5% in pre. Final FIB resistance is 27.80-27.85. However, if it can hold over that today, next upside target would be ~33+ for the backtest of a larger bearish pattern. [chart] TWTR didn't hold over that 27.80-27.85 yesterday, but in case someone followed long when it broke over 27.80, use a hard stop now of 26.85 (LOD). It still has potential upside if it can hold that now since that's the last FIB support.
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Post by huh on Sept 1, 2015 13:50:46 GMT -5
NFLX also looking like a good short set-up here (~115.20) If followed, set a hard stop against >106 now to lock in a 7.9% gain - though ideally would like to see ~102.25 first for an 11.2% gain, but have to honor stops with this crazy market
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Post by huh on Sept 1, 2015 13:54:51 GMT -5
ES -39.75 to 1929.50. Overnight low was 1920 which is the 50% retracement of the entire up move from last Tuesday's low. If below that then the next FIB supports are ~1904.80 & 1880. ES back to playing that 1920 area like a fiddle
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Post by huh on Sept 1, 2015 14:11:57 GMT -5
ES -39.75 to 1929.50. Overnight low was 1920 which is the 50% retracement of the entire up move from last Tuesday's low. If below that then the next FIB supports are ~1904.80 & 1880. ES back to playing that 1920 area like a fiddle and starting to snap those strings
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Post by novie08 on Sept 1, 2015 14:43:44 GMT -5
They have another 20 minutes; could go down another 100 pts. on the Dow. Was expecting down today but not panic!
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