MrHanky Posted October 6, 2011 Report Share Posted October 6, 2011 Over 50 points an hour since 3pm tuesday.... Link to comment Share on other sites More sharing options...
Scully Posted October 6, 2011 Report Share Posted October 6, 2011 I reshorted BAC, C, JPM and WFC at the close. Looks like all of the orders were filled but one which I will have to re-enter tommorrow morning. I find it amazing how often a given index closes right at a level that I perceive has technical significance. Link to comment Share on other sites More sharing options...
Scully Posted October 6, 2011 Report Share Posted October 6, 2011 SPX futures also closed right at a critical price. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 6, 2011 Report Share Posted October 6, 2011 I reshorted BAC, C, JPM and WFC at the close. Looks like all of the orders were filled but one which I will have to re-enter tommorrow morning. I find it amazing how often a given index closes right at a level that I perceive has technical significance. Sometime that's all you need. A simple trend line. Trading can be really simple if you allow it to be. You've been great. Keep it up. Link to comment Share on other sites More sharing options...
Scully Posted October 6, 2011 Report Share Posted October 6, 2011 Sometime that's all you need. A simple trend line. Trading can be really simple if you allow it to be. You've been great. Keep it up. Thanks for the encouragement. I lost my confidence today for a while. Link to comment Share on other sites More sharing options...
Bungster Posted October 6, 2011 Report Share Posted October 6, 2011 Isn't it interesting when things start to line up... Scully's trendlines Madness's call Bung's down volume indicator Let's see how they work out... Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 6, 2011 Report Share Posted October 6, 2011 "10 years ago we had Steve Jobs, Bob Hope and Johnny Cash - Now we have no Jobs, no Hope and no Cash. " Link to comment Share on other sites More sharing options...
Bungster Posted October 6, 2011 Report Share Posted October 6, 2011 "10 years ago we had Steve Jobs, Bob Hope and Johnny Cash - Now we have no Jobs, no Hope and no Cash. " Link to comment Share on other sites More sharing options...
Dopamine Posted October 6, 2011 Report Share Posted October 6, 2011 Reviewing preliminary data, I really don't see anything bearish yet. I think the right approach is to buy the dip or short the gap up. IMVHO Link to comment Share on other sites More sharing options...
BreakOut Posted October 6, 2011 Report Share Posted October 6, 2011 Over 50 points an hour since 3pm tuesday.... $13+ Billion in POMO in the same time frame. Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2011 Report Share Posted October 6, 2011 $13+ Billion in POMO in the same time frame. Nu-unh. That is not correct. Net is $3.95 billion. Check your 'rithmatic. Link to comment Share on other sites More sharing options...
BreakOut Posted October 6, 2011 Report Share Posted October 6, 2011 Nu-unh. That is not correct. Net is $3.95 billion. Check your 'rithmatic. You are correct. Today's $8.8 was sales. Link to comment Share on other sites More sharing options...
Thales Posted October 6, 2011 Report Share Posted October 6, 2011 Just wanted to say thanks to Scully for your charts. I have found your trendlines and channels very helpful. I mean all this market does is bounce around in one channel after another. So in conclusion, keep them comin! Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2011 Report Share Posted October 7, 2011 Channelingstocks dot com CHANnelingstocks dot com!!! Channelingstocks dot COM!!!! Channelingstocks dot com!!!!!! Link to comment Share on other sites More sharing options...
Trader Joe Posted October 7, 2011 Report Share Posted October 7, 2011 Damn it Missed adding to my ARR $ $5.40 R U fOOking kiddin' me Ugh! Link to comment Share on other sites More sharing options...
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