Jetlag Posted February 16, 2012 Report Share Posted February 16, 2012 2011 high less than 1% away on the S and P Link to comment Share on other sites More sharing options...
MrHanky Posted February 16, 2012 Report Share Posted February 16, 2012 VIX is having crazy moves this week,in both directions.....but stopped RIGHT AT THE LINE each time.... Link to comment Share on other sites More sharing options...
Goldmember Posted February 16, 2012 Report Share Posted February 16, 2012 I have a Fibo at $SPX 1358 and change, but the miners etc are saying to me that this is early impulsive with lasting legs. Impulsive could turn compulsive as bulls hit buy, buy, buy! I'll wait for 1370. Bought calls this morning on Teck Resources, TCK, and sold way too soon. At least I made some money...but.....wow. Link to comment Share on other sites More sharing options...
MrHanky Posted February 16, 2012 Report Share Posted February 16, 2012 OP/EX might make the moves late today and tomorrow quite insane..... And a 3 day weekend too? Link to comment Share on other sites More sharing options...
psyche doctor Posted February 16, 2012 Report Share Posted February 16, 2012 Yesterday's decline did nothing more than test channel support. NQ 60 min. including globex; Link to comment Share on other sites More sharing options...
zero_value Posted February 16, 2012 Report Share Posted February 16, 2012 OP/EX might make the moves late today and tomorrow quite insane..... And a 3 day weekend too? Hopefully and one would think with all the bullish calls that market manipulators (I mean makers) would want to push down prices making money on calls and paying the puts. But maybe the money is further up the ladder then we will be stuck in a ramp and camp. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 16, 2012 Report Share Posted February 16, 2012 I've also thought that the master planners, dark lords of the underworld, and various tyrants would want to get a print of 13000 dow and 3000 nasdaq to cram down the throats of the deluded masses. Link to comment Share on other sites More sharing options...
MrHanky Posted February 16, 2012 Report Share Posted February 16, 2012 Hopefully and one would think with all the bullish calls that market manipulators (I mean makers) would want to push down prices making money on calls and paying the puts. But maybe the money is further up the ladder then we will be stuck in a ramp and camp. Every big volume shakeout makes the bull case stronger,unless we get constant selling pressure.Once again,the weak hands bail and the boys run it straight back up to record levels in minutes. There will be no real sellers until some critical downside levels are taken out,Like a close below 1330.... But the bull case is intact unless we close below the 1290-1300 level IMHO. Fat chance,unless Europe completely unravels. Link to comment Share on other sites More sharing options...
MrHanky Posted February 16, 2012 Report Share Posted February 16, 2012 How about a last hour crash to crush the calls? Yeah right... crash now dammit!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
DrStool Posted February 16, 2012 Report Share Posted February 16, 2012 2 day cycle clearly in down phase, but 5 day just as clearly still in up phase, hence a draw. For now. 5 day cycle projection now 1368-72. Link to comment Share on other sites More sharing options...
MrHanky Posted February 16, 2012 Report Share Posted February 16, 2012 Some pretty strong volume on QQQ,bears about to be trampled unless we get a drastic reversal. Link to comment Share on other sites More sharing options...
bundys_dodge Posted February 16, 2012 Report Share Posted February 16, 2012 Gameover has been awfully quite of late... In a new warning, the Federal Bureau of Investigation warns account holders of a new spam email scheme that involves a type of malware called "Gameover." http://www.bankrate.com/financing/banking/fbi-warns-of-new-banking-scam/?ec_id=m1078093 Link to comment Share on other sites More sharing options...
psyche doctor Posted February 16, 2012 Report Share Posted February 16, 2012 Some pretty strong volume on QQQ,bears about to be trampled unless we get a drastic reversal. So far the NQ channel has been working. Selling near the top and buying near the bottom has rewarded very well. Sooner or later, the channel will cease to exist, fading into the distance as price data explores new paths. This advance has been very orderly. When price gets to the upper portion of the channel, I will again close out longs (if any) and short; when it gets to the bottom, go long. Do this until it doesn't work anymore. Link to comment Share on other sites More sharing options...
MrHanky Posted February 16, 2012 Report Share Posted February 16, 2012 I think we may hit 1370 by tomorrow,and 1400 before the month is over. Buy stocks! Link to comment Share on other sites More sharing options...
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