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      10-24-2011, 08:59 AM   #375
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as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.

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      10-24-2011, 09:37 AM   #376
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watch at 1255-60 SPX, gonna see profit taking...bears capitulate, bulls take profit...clockwork.
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      10-24-2011, 11:31 AM   #377
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as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.
probably not the next few months, but until late nov or December. The u.s. congressional super committee, the 12 member party tasked with cutting 1.2 trillion from the deficit, has to report their decision by Nov. 23rd. If they don't come to a conclusion on anything, expect another U.S. downgrade. That will potentially send the markets low like they did in early August when the U.S. got downgraded then. And if they don't come to a conclusion, the 1.2 trillion will automatically be cut from spending, which is going to hurt the weak u.s. economy in 2012.
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      10-24-2011, 11:45 AM   #378
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Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.
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      10-24-2011, 03:23 PM   #379
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Sold all TNA, TYH, SPY calls...holding AGQ small position only now...gotta see what mkt wants to do at this point....should see a reaction now from 1250-60 from profit taking...we saw large selling on strength friday and I bet we see large selling on strength again today.
Wednesda wil be the deciding factor for the next trend. If summit talks end up agreeing on current plans of Eurobanks raising capitalization money first from the private sector, then that news should calm the markets. But the Eurobanks will have huge difficult securing such funding since credit debt swaps so high now. If the Eurobanks cannot gather private investor money for recapitalization, they will turn to selling off government assets. They will indeed trigger a fire sale across Europe as investors protect their own asset values and sell off alongside Eurobanks.

Greek write downs nearing 60% in some discussions, this will hitFrance hard and will undoubtedly get them another downgrade. Contagion is still very much possible. I'm a bit brave and holding on some FAS atm, but will be watching the markets like a hawk and prepared to pull out ASAP. I still have a good cushion so I will see how things ride.

Hope everyone is investing accordingly!
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      10-24-2011, 03:37 PM   #380
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look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.

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      10-25-2011, 03:12 AM   #381
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look what the big boys doing behind your back as predicted...the pro's sell into strength....selling all the stronger names...hmmm.

Shieeeeettttt! I knew this thing was never going back to 1300 levels!
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      10-25-2011, 09:09 AM   #382
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watch at 1255-60 SPX, gonna see profit taking...bears capitulate, bulls take profit...clockwork.
The SPX high was 1258!...Tossing softballs underhanded here.......this reaction(profit taking from battered bears) expected but key is 1250-60...by end of week, mkt will define which way we for awhile.

Still would like to see more participation here or thread dies.

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      10-25-2011, 09:30 AM   #383
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Buying support at ES 1232.
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      10-25-2011, 11:17 AM   #384
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I'd love to participate, but I've got nothing to add. I find it wayyy interesting tho. Keep up the good work
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      10-25-2011, 11:49 AM   #385
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I'd love to participate, but I've got nothing to add. I find it wayyy interesting tho. Keep up the good work
Are you from Vancouver, WA???...if so we are neighbors...
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      10-25-2011, 01:25 PM   #386
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Are you from Vancouver, WA???...if so we are neighbors...
If that's so, then I'm your lost twin living in Vancouver, Canada
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      10-25-2011, 02:21 PM   #387
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cleared long positions...still have all my AGQ!

Gold and Silver is telling us something right now...deals with tomorrows european news ...metals saying there is more money printing to be done.
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      10-25-2011, 02:33 PM   #388
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I'd love to participate, but I've got nothing to add. I find it wayyy interesting tho. Keep up the good work
Same here, I have nowhere the technical knowledge you guys have. I'm more of a home made trader who's had unreal luck, but I do find all your analysis' very interesting and I follow this thread daily.

I haven't made any moves in a long time, I've just been holding my 10-12 holdings for the last 7-8 months.... bad idea since they go up/down/up/down and always end up in the exact same spot.
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      10-25-2011, 03:00 PM   #389
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as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.

1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.

1250 area is key...watch this area very very closely as it will define the action for next few months.


Reaction off of 1250-60 now done and over with...next level is 1220 as i noted few days ago...gotta hold there or its gonna prob get ugly.
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      10-25-2011, 03:18 PM   #390
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NFLX...now AMZN...hmm...recession anyone?.



SAN FRANCISCO (MarketWatch) -- Amazon.com Inc. said Tuesday afternoon that earnings plunged by 73% in the third quarter as a sharp ramp-up in spending offset a strong surge in sales. For the period ended Sept. 30, Amazon AMZN -14.29% reported net income of $63 million, or 14 cents a share, compared to net income of $231 million, or 51 cents a share, for the same period the previous year. Revenue jumped 44% to $10.88 billion. Analysts were expecting earnings of 24 cents a share on revenue of $10.95 billion for the quarter, according to consensus forecasts from FactSet Research.
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      10-25-2011, 03:31 PM   #391
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Didn't NFLX basically shoot themselves in the foot with the price increase, Quickster and then going back on Quickster?

AMZN seems like they are having more capital outlay for products like the Kindle line now than a year ago as well as the sales tax debates hurting them some.

I could very well be wrong, as I do not know nearly as much as many of you in this thread.
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      10-25-2011, 03:33 PM   #392
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BRCM and TXN missed too....hmmm....AMZN still a great business but people have high expectations right now.



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Didn't NFLX basically shoot themselves in the foot with the price increase, Quickster and then going back on Quickster?

AMZN seems like they are having more capital outlay for products like the Kindle line now than a year ago as well as the sales tax debates hurting them some.

I could very well be wrong, as I do not know nearly as much as many of you in this thread.
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      10-25-2011, 03:38 PM   #393
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Has anybody taken a look at the volume at the end of trading tomorrow..........? Holy FUCK! Something big is happening tomorrow. That spike in volume has completely overshadowed the volume that took us down in the morning, by at least 5 times the volume..... Holy shit.

Mact you think tomorrow is going to show panic selling?
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      10-25-2011, 07:40 PM   #394
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NFLX...now AMZN...hmm...recession anyone?.



SAN FRANCISCO (MarketWatch) -- Amazon.com Inc. said Tuesday afternoon that earnings plunged by 73% in the third quarter as a sharp ramp-up in spending offset a strong surge in sales. For the period ended Sept. 30, Amazon AMZN -14.29% reported net income of $63 million, or 14 cents a share, compared to net income of $231 million, or 51 cents a share, for the same period the previous year. Revenue jumped 44% to $10.88 billion. Analysts were expecting earnings of 24 cents a share on revenue of $10.95 billion for the quarter, according to consensus forecasts from FactSet Research.
NFLX was stupid management and ridiculous valuation that never made sense. AMZN had solid revenue but spent like crazy (prob a lot of discretionary spending to invest in the future). Neither of these 2 would indicate a recession to me. AMZN was/is overvalued and has more downside. I wouldn't touch it.

I'd be more worried about a recession on reports from companies that actually missed big for slowdown reasons. (CMI, MMM, TXN)
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      10-26-2011, 02:17 PM   #395
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Reaction off of 1250-60 now done and over with...next level is 1220 as i noted few days ago...gotta hold there or its gonna prob get ugly.


anyone notice the low today?...1221....does TA work?...you tell me....
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      10-26-2011, 03:18 PM   #396
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Nice call! I just can't bring myself to risk it in this market. Watch what happens in amazement every day... lol
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