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Post by huh on Sept 1, 2015 14:45:47 GMT -5
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) ACI 5.85 would be the downside target to cover short (vs. setting a stop). Hard stop now moved down to >6.60 |
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Post by huh on Sept 1, 2015 14:51:22 GMT -5
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 ~44.80If 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 LOD in oil so far 44.86 |
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Post by huh on Sept 1, 2015 14:57:42 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 Stop hit on the NFLX short call for 7.9% gain |
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Post by crumbdon on Sept 1, 2015 14:59:13 GMT -5
They have another 20 minutes; could go down another 100 pts. on the Dow. Was expecting down today but not panic! I could be wrong, but I'm not convinced this is true panic - yet. The Fed Put has made brilliant "Investors" out of everyone who began trading in the last 5-6 years. They are still holding out in disbelief, just sure that SOMEBODY will save it any minute now. My best guess? The true panic comes Thur / Fri. Under the shiny Fed-polished exterior, the wheels is-a-fallin' off this bus. |
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Post by huh on Sept 1, 2015 15:01:32 GMT -5
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) ACI 5.85 would be the downside target to cover short (vs. setting a stop). Hard stop now moved down to >6.60 Close this short play on ACI for 36% - could be another 8-9% in it, but no sense in me tracking it for that |
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Post by novie08 on Sept 1, 2015 15:03:43 GMT -5
Yep, that naked shorting's a biatch...Never understood why that is legal. Shorting shares that don't exist?
You think we test the low of 8/24 on Thurs/Fri, crumb?
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Post by novie08 on Sept 1, 2015 15:04:52 GMT -5
ACI 5.85 would be the downside target to cover short (vs. setting a stop). Hard stop now moved down to >6.60 Close this short play on ACI for 36% - could be another 8-9% in it, but no sense in me tracking it for that Way to call it... |
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Post by huh on Sept 1, 2015 15:07:26 GMT -5
Looks like might have to go and make those lower lows now (especially in the Chinese names). Potential downsides in ES are 1930's, 1880, 1810, then 1768- for the lower low (currently @1967.50) A down week this week would likely set the markets up for a nice holiday reversal rally next week (& perhaps a near record breaking rally) Even though the market bounced hard off those early lows, well, consider this fair warningAnyone heed the warning? Nasdaq down 155 pts & SPX down more than 60 pts since then, yet not one single "Nice call" for that one "No respect I tell ya, no respect!" LOL (sorry, I just like that quote) |
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Post by huh on Sept 1, 2015 15:12:09 GMT -5
Keep an eye on NBG here. If it fails to hold .65 now, it's likely to get hammered until GREK sees 6.80's or lower (GREK is currently @9.30's) Still ...  |
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Post by crumbdon on Sept 1, 2015 15:13:24 GMT -5
Apparently we've become a little TOO accustomed to your expertise, Huh. +1(1)!
And yes, Novie, I think 70% chance we retest those lows by end of this week. If we rally from here, I could see as high as 1970-2000-ish before the sellers step back in.
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Post by jacksrbtr on Sept 1, 2015 15:14:27 GMT -5
They have another 20 minutes; could go down another 100 pts. on the Dow. Was expecting down today but not panic! Best panic scene ever was Lloyd Bridges in "Airplane" picking the wrong day to stop smoking , drinking and everything else!!! Bwahahaaaaa! |
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Post by jacksrbtr on Sept 1, 2015 15:16:23 GMT -5
Even though the market bounced hard off those early lows, well, consider this fair warningAnyone heed the warning? Nasdaq down 155 pts & SPX down more than 60 pts since then, yet not one single "Nice call" for that one "No respect I tell ya, no respect!" LOL (sorry, I just like that quote) I may have been delivered by his brother: Dr. Dangerfield (no chit) |
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Post by huh on Sept 1, 2015 15:16:27 GMT -5
Apparently we've become a little TOO accustomed to your expertise, Huh. +1(1)! And yes, Novie, I think 70% chance we retest those lows by end of this week. If we rally from here, I could see as high as 1970-2000-ish before the sellers step back in. That's OK. As long as you all also forget about razzing me when I'm wrong. lol |
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Post by jacksrbtr on Sept 1, 2015 15:19:03 GMT -5
Apparently we've become a little TOO accustomed to your expertise, Huh. +1(1)! And yes, Novie, I think 70% chance we retest those lows by end of this week. If we rally from here, I could see as high as 1970-2000-ish before the sellers step back in. That's OK. As long as you all also forget about razzing me when I'm wrong. lol You were ever wrong? |
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Post by huh on Sept 1, 2015 15:23:03 GMT -5
That's OK. As long as you all also forget about razzing me when I'm wrong. lol You were ever wrong? Oh! Umm, no. Yeah, that's the ticket! |
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Post by huh on Sept 1, 2015 15:23:26 GMT -5
Anyone heed the warning? Nasdaq down 155 pts & SPX down more than 60 pts since then, yet not one single "Nice call" for that one "No respect I tell ya, no respect!" LOL (sorry, I just like that quote) I may have been delivered by his brother: Dr. Dangerfield (no chit) I think the guy had some hilarious one liners, "My doctor told me to watch my drinking. Now I drink in front of a mirror."
"With my wife I don't get no respect. I made a toast on her birthday to 'the best woman a man ever had.' The waiter joined me."
"When I was born I was so ugly that the doctor slapped my mother."
"My mother had morning sickness after I was born."
"My wife and I were happy for years. Then we met."
"One woman I was dating called and said, 'Come on over, there's nobody home'. I went over. Nobody was home."
"My dad told me to stop running in circles, I couldn't, so he nailed down my other foot." |
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Post by novie08 on Sept 1, 2015 15:28:58 GMT -5
Even though the market bounced hard off those early lows, well, consider this fair warningAnyone heed the warning? Nasdaq down 155 pts & SPX down more than 60 pts since then, yet not one single "Nice call" for that one "No respect I tell ya, no respect!" LOL (sorry, I just like that quote) I was just about to post "nice call" but my telephone rang! Honestly, truly. |
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Post by huh on Sept 1, 2015 15:34:59 GMT -5
Those lows in the S&P and DJI futures, as well as, IWM & NAZ100 today were significant. And that was the reason I wanted those few calls for short plays closed up.
Could get a big rally tomorrow.
But also seeing potential for huge downside due to EURUSD (as in market over a cliff downside - today's move would be child's play in comparison).
So need to wait for confirmation tomorrow either way.
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Post by huh on Sept 1, 2015 15:42:25 GMT -5
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 ~38.00If it instead were to hold that support, it still wouldn't flip bullish now until >48.00 Oil losing the lower support, so watch for the first scenario to play out |
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Post by huh on Sept 1, 2015 16:45:37 GMT -5
I haven't heard yet from any of those I advised on staying VERY conservative in their new 401K's earlier this year. At least saved them a good portion of their employer's contributions already. But I don't blame them. They likely don't even realize what they've avoided so far.
I did just receive a call from a family member who was already set-up with a 401K for years and simply left things they were. Now they're worried and already down huge.
Moral of the story - people who normally don't give a thought about stocks suddenly worried - we may be close to a final super rally
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