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      10-04-2011, 07:59 AM   #331
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Hrmm, TRIN sitting around 2-3 from yesterday. Should be interesting seeing 5-6 this week. Spx futures down to 1074-1077 levels ATM. Euro took a nose dive. Let's make some money people!

I'm expecting no significant buyback rallies until we hit closer to 1020-30 ish, thoughts ?


Bernanke just released statement saying the Fed will be prepared to help the economy if it has to. Mact, you still holding your TZA?
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      10-04-2011, 09:27 AM   #332
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Hrmm, TRIN sitting around 2-3 from yesterday. Should be interesting seeing 5-6 this week. Spx futures down to 1074-1077 levels ATM. Euro took a nose dive. Let's make some money people!

I'm expecting no significant buyback rallies until we hit closer to 1020-30 ish, thoughts ?


Bernanke just released statement saying the Fed will be prepared to help the economy if it has to. Mact, you still holding your TZA?

still have all my TZA but when ES was at 1070 hedged with SPY calls and glad I did...there is alot support at 1070 so might take a few tries/bounces before this breaks...once it does, 1020 is the target where I cover shorts.

You will know its time to get long cause NEWS will drive it and shorts who dont switch will get their face ripped off..
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      10-04-2011, 09:45 AM   #333
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How do you think bank stocks are doing? Saw the recent news of B of A and wondered if it was a good deal to get into or if it hasn't seen the bottom yet. (very new to trading here)
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      10-04-2011, 09:47 AM   #334
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How do you think bank stocks are doing? Saw the recent news of B of A and wondered if it was a good deal to get into or if it hasn't seen the bottom yet.
Wouldn't touch any bank stock ATM since financials sector is one of the main sectors dragging us down. Keep waiting for more news that would banks up, like QE3 (maybe) next week?
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      10-04-2011, 09:58 AM   #335
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Bernanke you son of a bitch. Still waiting for Greek woes to kick in and waiting for this small sentence to fade away till it actually matters.
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      10-04-2011, 01:49 PM   #336
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watch AAPL after todays disappointment...if it cant hold 340 it has HUGE implications for the mkts and society as we know it....
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      10-04-2011, 02:13 PM   #337
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I just sold FAZ positions at an exit price of $79.00 per share for a huge return in 2 days.

Today was a tough day in the markets. Time to wait for Fridays entry position into Greek bailout *fingers crossed*. Bernanke scared the daylights out of my shorts all morning, but it looks like FAZ was the only bear ETF that held ground today. That's all for today, I know there's a big show coming at the end of today's trade like yesterday, but my heart can't handle the volatility anymore this afternoon
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      10-04-2011, 03:04 PM   #338
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Wow! What a jump at the end
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      10-04-2011, 03:27 PM   #339
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Wouldn't touch any bank stock ATM since financials sector is one of the main sectors dragging us down. Keep waiting for more news that would banks up, like QE3 (maybe) next week?
As in the news this afternoon? lol
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      10-04-2011, 03:48 PM   #340
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As in the news this afternoon? lol
News this afternoon wasn't targeted at bank stocks. What drove the indexes up, my opinion here, were big institutions trying to keep the bears from breaking 1070 today. Look at Morgan Stanleys stock skyrocket after the surge today. My guess is they, and everyone else like Goldman and UBS, and big pros, were doing a huge bull rally today.

This isn't by any means something you can rely on for tomorrow or the day after that. Which means keep waiting for QE3 news or Greek debt bailout for some solid trends up. Today was an anomalie.
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      10-04-2011, 05:45 PM   #341
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Duh...

Bernanke warns recovery 'close to faltering'

WASHINGTON (AP) -- Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue.

Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday of what most of America has sensed for some time: The economic recovery, such as it is, "is close to faltering."

http://finance.yahoo.com/news/Bernan...40448.html?x=0
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      10-05-2011, 12:06 PM   #342
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Yesterdays market anomaly is holding a lot of money in profits. Spx is having a hard time making anymore positive traction so far today. Look at FAS and FAZ. FAS should be in the positive ATM. Instead, FAZ is sitting 3-5% in the green. Am I the only one who thinks someone knows something?


Course, I could be wrong. But I'll be seriously considering an entrance point later on today. We shall see. Hope everyone's portfolio isn't in too bad shape.

FAZ sitting near negatives. Might be a nice hedge to pick up if it goes any lower
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      10-07-2011, 12:51 AM   #343
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tomorrow is the moment of truth...pressed up against resistence levels now..If we rally hard from employment report than IT bottom prob hit and we will rally for prob a month and selloffs should be bought...if we tank tomorrow then SPX will prob see 1000-50.

Odds favor rally no matter how good or bad the employment number is cause mkt sentiment wants a rally now.
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      10-07-2011, 11:25 AM   #344
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... everybodys knows TA isnt a exact science, but here's my proyection and my possible owned. Those 216-210 price AMZN gekko approved among the slightly bearish resistance created around it, looks to me like a stock's swap figure without no doubt, i think a new tendency range is coming, im gonna bet my worthless euros to the bull up to 260. No more arguments, its a 90% feeling ...

a second opinion is welcome
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      10-07-2011, 12:13 PM   #345
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Job report was up but we are three days up in a bear market. Sentiment is to take profits on a Friday and see shat happens on Monday with Greece. Germany and France are preparing for a Greece default ATM as they wait for troika to announce it's decision tomorrow. With the job numbers not bumping much, the second downgrade on Italy, downgrade on spain, downgrade on 9 portuguese banks, downgrade on 12 uk banks, and today is a short position. There's no big news left today to bring this up. Job numbers was key. It did nothing.

Rating agencies have had their knife out for the institutions today.
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      10-07-2011, 04:26 PM   #346
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, downgrade on spain, .
and minutes after, spain bonds gets under 300 pts ...

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There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to make up our rassoodocks what to do with the evening. The Korova milkbar sold milk-plus, milk plus vellocet or synthemesc or drencrom, which is what we were drinking. This would sharpen you up and make you ready for a bit of the old ultra-violence.
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      10-10-2011, 09:24 AM   #347
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1170 resistance cleared...we will have trend day up...rallytime...see you at 1250 ES...trade accordingly.
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      10-10-2011, 12:18 PM   #348
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Not To Be Left Out, China Announces Its Own Bank And Stock Market Bail Out

To anyone still believing that capital markets around the world express something other than government policy, the latest news out of China may come as a surprise: "Beijing will buy more shares in China’s biggest banks, in an expression of support for the beleaguered stock market and most concrete state action to date to shore up confidence in the slowing economy." The FT reports further: "Central Huijin, the domestic arm of China’s sovereign wealth fund, will buy the shares to help stabilise the pillars of the country’s financial system, the official Xinhua news agency said on Monday. Coming as the Chinese stock market closed at a 30-month low, the move was the strongest sign that Beijing wants to engineer a restoration of confidence in share prices and the economy. It paid instant dividends with a rally in the final minutes of trading on Monday." And there you have it: stocks are now nothing more than a means for governments to validate their "success" in something, since they have no more control left over either employment or inflation, or public expression of affection with capitalism as per #OWS. So why not ramp up the DJIA to 36,000? Granted that will happen as all global currencies get terminally davalued against gold, but so what - after all that only thing that matters now is whose stock market is the biggest.

http://www.zerohedge.com/news/not-be...arket-bail-out
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      10-10-2011, 03:30 PM   #349
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One of my conspiranoic bets on this is crisis is an "off-set" correction made by the FED to slow down China's power. An state of that size, with that population, politically independent, gettin under order and growing, wow, can made any currency lost his monopoly
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There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to make up our rassoodocks what to do with the evening. The Korova milkbar sold milk-plus, milk plus vellocet or synthemesc or drencrom, which is what we were drinking. This would sharpen you up and make you ready for a bit of the old ultra-violence.
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      10-11-2011, 03:11 PM   #350
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10 years ago we had Steve Jobs, Bob Hope, and Johnny Cash. Now we have no Jobs, no Hope, and no Cash.
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      10-12-2011, 12:40 AM   #351
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We had indecision candle today where bulls couldnt expand the price range...shows bulls are tiring...short term top likely now...could see selling for next few days to relieve overbought conditions...we also have strong selling on strength today...odds favor short term top.

How low we go depends on what volume is doing...if we decline on shrinking volume, selling will be corrective...if volume pattern increases then something else could be up.
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      10-12-2011, 11:48 AM   #352
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We had indecision candle today where bulls couldnt expand the price range...shows bulls are tiring...short term top likely now...could see selling for next few days to relieve overbought conditions...we also have strong selling on strength today...odds favor short term top.

How low we go depends on what volume is doing...if we decline on shrinking volume, selling will be corrective...if volume pattern increases then something else could be up.
Going to have to agree with you here. Trading volume has been declining over the last days of rally. In fact, to strengthen the overbought status, we are sitting around the 1212 mark on spx, with the lowest trade volume in 3 months. We are way too high ATM. Dunno how much more she's got.

FAZ has just been recoiling from 80's price territory down to $51 ish. Spring is about to be sprung.
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