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Post by walnut on Oct 29, 2014 12:27:38 GMT -5
That's why the market literally cannot tell which way to go for several minutes after fed minutes, they are that unclear.
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Post by maxi on Oct 29, 2014 12:31:10 GMT -5
LMAO and well said!
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Post by huh on Oct 29, 2014 12:33:17 GMT -5
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Post by huh on Oct 29, 2014 12:34:24 GMT -5
S&P's HOD so far was +6.99. Looking for SPX to be around -7 by 2.
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Post by maxi on Oct 29, 2014 12:36:33 GMT -5
BUYING OPPORTUNITY!
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Post by huh on Oct 29, 2014 12:42:15 GMT -5
Sure 'feels' like the market wants to tank with the Fed announcement.
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Post by huh on Oct 29, 2014 12:45:13 GMT -5
VIX in scary territory here (>15.85). It better tank quick.
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Post by crumbdon on Oct 29, 2014 12:53:44 GMT -5
S&P's HOD so far was +6.99. Looking for SPX to be around -7 by 2. I'm surprised it's this far down. It usually returns to flat right before the announcement. I wanted it slightly positive, with a nice headfake spike right after 2pm so I could short it, but not so sure now.
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Post by maxi on Oct 29, 2014 12:55:43 GMT -5
Looking for SPX to be around -7 by 2. I'm surprised it's this far down. It usually returns to flat right before the announcement. I wanted it slightly positive, with a nice headfake spike right after 2pm so I could short it, but not so sure now. from an options point of view an awful lot of traders are betting on this being a top. I would def wait and see how it plays out....
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Post by walnut on Oct 29, 2014 12:56:00 GMT -5
Looking for SPX to be around -7 by 2. I'm surprised it's this far down. It usually returns to flat right before the announcement. I wanted it slightly positive, with a nice headfake spike right after 2pm so I could short it, but not so sure now. Kill it with fire!!!
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Post by maxi on Oct 29, 2014 13:02:15 GMT -5
OK FED says it is all fixed and picks up marbles and walks away.... Little Bitch!
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Post by huh on Oct 29, 2014 13:03:30 GMT -5
S&P futures look bullish to me. During this whole rise, the pullbacks have actually gotten shallower and shallower. This time, they're only going sideways. Exactly like XLF did already before going parabolic. BTW, XLF upside resistance a~23.45, support 23.29. If XLF can break over that resistance, there's no other resistance until the previous high ~23.88. XLF at resistance now. XLF now at support.
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Post by huh on Oct 29, 2014 13:07:23 GMT -5
AAPL breaking down!
It could fall as much as 1% from here!
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Post by huh on Oct 29, 2014 13:09:42 GMT -5
...XLF still at support here.
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Post by huh on Oct 29, 2014 13:11:42 GMT -5
...XLF rising from support here.
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Post by dino on Oct 29, 2014 13:12:11 GMT -5
gold dropping
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Post by huh on Oct 29, 2014 13:16:45 GMT -5
OK, SPX is now losing support.
I really didn't think we'd see it sell off on end of QE - not right away anyway.
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Post by huh on Oct 29, 2014 13:20:06 GMT -5
OK, SPX is now losing support. I really didn't think we'd see it sell off on end of QE - not right away anyway. Or not. It is! It isn't! Forget it...time to resume my FOMC trading position...
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Post by crumbdon on Oct 29, 2014 13:21:18 GMT -5
Jerks ruined my plan. That drop felt like a sweep of the stops to run higher. But still may get a drop tomorrow and Fri after the reality sets in.
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Post by walnut on Oct 29, 2014 13:22:45 GMT -5
Don't give up yet
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