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Year will be saved,shorts will be crushed


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#1 MrHanky

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Posted 20 December 2011 - 05:00 PM

Another perfectly executed bear trap by all trading bots......

Nobody gives a shit,why bother trying to help?


#2 An Ant

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Posted 20 December 2011 - 05:06 PM

ORCL down 8%

#3 MrHanky

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Posted 20 December 2011 - 05:07 PM

ORCL down 8%

Missed by 3 cents

Nobody gives a shit,why bother trying to help?


#4 fxfox

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Posted 20 December 2011 - 05:09 PM

well, looks like it was window dressing party today, should go on into year end somehow. Again the market is very nice to bears, cause it gives chance to load up with puts at higher levels.
'patriot' is formed with 'patria' and 'idiot'

#5 Lugnut

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Posted 20 December 2011 - 05:13 PM

There was a lot of sideways stuff the last few days. One thing I have learned from my recent coding is that sideways action with a few counter trend spikes throws indicators into divergences. That is how the math works. And when you get countertrend spikes on sideways stuff that creates double bottoms and other patterns we are all used to. Anyways,it just needed a spark. I was on the wrong side of it (of course) but made back a bit today. Such is life.

What is really epic is what this rally will set up in the new year - crap retail numbers will come out proving out demand destruction and the "E" in P/E ratios will get shrunk once the US is seen as on the same contractionary economic path as China and Europe. Right now the bet is the US will pull everyone out. When the retail numbers show (restaurants are a leading indicator here and traffic is down) then the mass realization hits. Sometime after this week.

Tight stops.

#6 Bungster

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Posted 20 December 2011 - 05:13 PM

bear_on_ice.jpg

Not the best day fer bearz.... :rolleyes:
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#7 Dopamine

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Posted 20 December 2011 - 05:20 PM

Posted this on the other thread....

Bungster, on 20 December 2011 - 12:25 PM, said:Something in the charts... or otherwise?

Just applying Laundry's T stuff.

----

BTW, I am nowhere near as bullish as you guys are. I think there is just few percentage points left on the upside but they'll stretch it into year end. IMVHO

----

Madness, your 1680 target on gold sounds right...but if the trade goes wrong, where would you place your stop? Any thoughts would be appreciated.

#8 Lugnut

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Posted 20 December 2011 - 05:25 PM

Fade me.

Here is my trade plan.

The fall from 1360 will go under 1000.

QE3 inducing.

spx_triangle.png


#9 I_Am_Madness

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Posted 20 December 2011 - 05:26 PM

Posted this on the other thread....

Bungster, on 20 December 2011 - 12:25 PM, said:Something in the charts... or otherwise?

Just applying Laundry's T stuff.

----

BTW, I am nowhere near as bullish as you guys are. I think there is just few percentage points left on the upside but they'll stretch it into year end. IMVHO

----

Madness, your 1680 target on gold sounds right...but if the trade goes wrong, where would you place your stop? Any thoughts would be appreciated.


Right now, i have 1585 (Monday's low) as the stop for my other half. I'll adjust again if we get above the 200 dma at 1620.
Stop the Madness

#10 Dopamine

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Posted 20 December 2011 - 05:32 PM

Fade me.

Here is my trade plan.

The fall from 1360 will go under 1000.

QE3 inducing.

spx_triangle.png



I agree. The fall will be spectacular.

#11 zero_value

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Posted 20 December 2011 - 05:33 PM

Any thoughts on the VXX I am long @36.70 it has been in a steep decline with RSI approaching 20 for quite sometime regardless of SP up or down. Hard to figure this one?



#12 shorty

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Posted 20 December 2011 - 06:08 PM

Larry's keyster on fire! :lol:

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#13 Lugnut

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Posted 20 December 2011 - 06:44 PM

Gotta love this -

http://www.bloomberg...cern-grows.html

Key quote:

“In the U.S., the economy is on the road to recovery, with falling unemployment and consistently improving growth against a background of low and falling oil stockpiles,” said Christopher Bellew, a senior broker at Jefferies Bache Ltd. in London.


Got that?

The US is in recovery ---> Oil prices go up -----> shrinking disposable incomes in a shrinking employment base (which produces "falling unemployment") shrink yet more ----> All is well!

#14 rdkyote

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Posted 20 December 2011 - 06:52 PM

Today might take the cake for the most levitated day of the year. Even the 11/30 ramp job had some minor pullbacks mixed in. Seems like the them have all but mastered this pattern. Wish my stock holdings looked like this.

Posted Image

#15 Bungster

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Posted 20 December 2011 - 06:58 PM

Larry's keyster on fire! :lol:


Perhaps that dog is laced with jalapenos..... :lol:
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush





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