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      10-12-2011, 03:54 PM   #353
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was watching shooting star candle forming on AAPL today...exited longs earlier today and took shorts when AAPL showed topping signs...yest's doji candle, low volume, and selling on strength #'s giving clues.

But dont get too excited...I think rest of week favors down but next week its rally time once again.

Last edited by mact3333; 10-12-2011 at 05:27 PM.
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      10-13-2011, 12:39 AM   #354
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Sell off at the end of today was higher in volume than most of the rally volumes this week.
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      10-13-2011, 09:12 AM   #355
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Sell off at the end of today was higher in volume than most of the rally volumes this week.
I should charge for my services hehe...
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      10-13-2011, 05:45 PM   #356
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ROYL - what a jump!!
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      10-13-2011, 05:56 PM   #357
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AMZN fights with the 240 price, let see ... i keep betting for those 260 for not too long. The levels are very predictibles to enter and to sell, a safe bet, not huge gains but almost none risk.
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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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      10-14-2011, 04:42 PM   #358
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AMZN fights with the 240 price, let see ...
broken, next station 260
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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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      10-17-2011, 12:14 PM   #359
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Citigroup earnings down anywhere from 33-73%. Volcker Rule bickering taints wall streets mood. Athens is piled beneath garbage as civil workers go on strike. The country is in uproar for the vote in Greek Parliament Thursday that seeks to eliminate the minimum wage in Greece.

Markets needed this news to get away from significantly overbought status and drive it
down from intense resistance levels. Do not let the recent push up to 1200 levels confuse you, we are still very well within the confines of a bear market. Mact, what's your opinion on the IT trend for this week? I can't see break of 1250, let alone 1230 levels this week. You?

Edit: Might see a move up in markets tomorrow. Bernanke set to speak tomorrow. Goldman Sachs chief econcomist Jan Hatzius is saying this will be QE3 tomorrow. Not sure if this will be the real deal this time, but something is awry with the financial stocks today. DJIA down 200 points and bank stocks are barely taking a significant hit like they always have. At best, they're only down 1-2%. Hrmm.

Hardly finding any information as to what will be happening tomorrow at Bernankes speech. Realize that Bernanke has always advocated "surprise" in his bailouts as to measure how effective they might be.


EDIT: if Bernanke releases QE3, markets will hit yearly new highs. If not, bear rally might continue till 1270 before the next fall. Chime in.
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      10-17-2011, 12:49 PM   #360
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what I said early last week was few days premature...I am short with small position now...downside target 1150-1175...then I see a push to 1250 to cap "this" rally...so down for now but then back up.

That rally on Friday was on very small volume and I wasnt falling for that trick...this means it was a short covering rally and also meant that significant buyers were not stepping up to the plate.

IMHO, Bernanke isnt going to announce QE3 until we are officially back in a recession and the SPX is down near 900.

for now the news to watch out for is europe...their piddly 400B bank fund isnt enough...soon enough they will have to come in with 2T I am guessing...this could cause a rally...perhaps within next wk or so???

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      10-18-2011, 10:27 AM   #361
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BAC!!!!!! Got that baby last night at $6.08 and today the earnings were amazing! $$$$$$
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      10-18-2011, 12:36 PM   #362
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      10-18-2011, 02:17 PM   #363
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smoke this mutherfuckin bar bears
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      10-18-2011, 03:48 PM   #364
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Quote:
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smoke this mutherfuckin bar bears
Rich you are a funny guy...angry mofo....

But what I have been thinking to myself all day is this, why is AAPL only up 1.00 entire day while mkt rallies huge?....hmmm.

We are still range bound but at top of range now...I still see eventual rally to 1250 level but after that I am not seeing good things.

Not impressed with todays volume bar at all.
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      10-18-2011, 06:00 PM   #365
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Quote:
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Rich you are a funny guy...angry mofo....

But what I have been thinking to myself all day is this, why is AAPL only up 1.00 entire day while mkt rallies huge?....hmmm.

We are still range bound but at top of range now...I still see eventual rally to 1250 level but after that I am not seeing good things.

Not impressed with todays volume bar at all.
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      10-19-2011, 09:51 AM   #366
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was looking for 1175 but only got 1185...need to clear 1230 then were headed to 1250.

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      10-19-2011, 01:27 PM   #367
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well, ooooh, mmm , ... pullback, its a pullback ... dont nobody worry
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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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      10-19-2011, 03:43 PM   #368
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Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money! Hope everyone on here is making some good calls on this stuff!

Mact how is your portfolio fairing these days?
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      10-19-2011, 04:27 PM   #369
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small positions only during this choppy ride "up"...only bet big when odds stacked for you and were are ready for big int to long term trend change...this isnt the time for big positions.

Anyone noticed what caused the rally yesterday though...400B--->2T eurotrash help...like clockwork.


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Nothing today was going to drive the market out of negative territory. All the news had been released and digested. Jumped into FAZ today and rode the uptrend for a bit before jumping out at the end of the day. Money, money, money! Hope everyone on here is making some good calls on this stuff!

Mact how is your portfolio fairing these days?
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      10-19-2011, 11:12 PM   #370
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dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick.......if 1175-85 doesnt hold, then I am wrong.
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      10-20-2011, 10:35 AM   #371
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Jumped into TVIX in the morning to make profit of irresolution and volatility. It's doing well for me right now, let's hope the day goes down further

What are you guys holding during these times?


Edit: TVIX went up as high as 11% today. Got out before it got too ugly today.
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      10-21-2011, 08:48 AM   #372
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dont believe in the fear or selloff...still think we clear 1230 soon...then bears will capitulate...nothing like news this weekend trapping bears like the good old days...few more bailouts should do the trick.......if 1175-85 doesnt hold, then I am wrong.


On the cusp...think we clear 1230 soon and floodgate should open up as bears capitulate...final push up imho.
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      10-21-2011, 09:35 AM   #373
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bears sweating now...ready to throw in towel....
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      10-21-2011, 12:20 PM   #374
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Woo, been an interesting week. Spx hitting 1230 just on the last day! Bought some more BAC yesterday when the markets were down. Sold right in the morning after that 200 point opening, and sitting comfy on the green

Won't be taking a position in anything until I see what happens in Europe Sunday night! So far so good. Hope you guys ride this thing up for the last little bit before we circulate down (fingers crossed). Will be getting into some big short positions once market trend goes down.
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