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Unstoppable freight train of buying


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#1 MrHanky

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Posted 13 March 2012 - 04:01 PM

Historic record moves since the October lows,and the Dow up about 120 in the final hour.All bears dead and buried......

Nobody gives a shit,why bother trying to help?


#2 Bungster

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Posted 13 March 2012 - 04:02 PM

bear_accident.jpg

Today not so good for Bung.... :(
"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"
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#3 MrHanky

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Posted 13 March 2012 - 04:07 PM

And yet still going up AH.

Is this 1999?

Nobody gives a shit,why bother trying to help?


#4 MrHanky

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Posted 13 March 2012 - 04:08 PM

bear_accident.jpg

Today not so good for Bung.... :(

Take a Xanax and let this thing burn itself out..... :mellow:

Nobody gives a shit,why bother trying to help?


#5 MisFit Kid

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Posted 13 March 2012 - 04:13 PM

Every time there is some "roadblock" / resistance point on the charts (Dow 13k),

that point gets blown through big time.

As someone mentioned earlier, it makes the "News" headline to the sheeple easy to print.
"It is easier to stay out than to get out" - M. Twain

"Ars fit ubi a teneris crimen condiscitur annis" - Ovid

#6 Dopamine

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Posted 13 March 2012 - 04:17 PM

Say what you want but Bernanke gets an A in financial alchemy.

#7 gameover

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Posted 13 March 2012 - 04:19 PM

safe to the the "soft" stress test results will be bullishexpect an immediate ES response over 1400

#8 gameover

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Posted 13 March 2012 - 04:26 PM

no coincidence these stress test are released during expiration weekdon't kid yourself, you know damn well a ship load of calls were being bought on last Tues. "selloff" in anticipation of this, easy money for the elite

#9 dogsie

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Posted 13 March 2012 - 04:33 PM

Oh oh, Citi needs more capital
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein
You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. Abraham Lincoln
Those who cannot remember the past are condemned to repeat it George Santayana

#10 Trader Joe

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Posted 13 March 2012 - 04:42 PM

Probably higher than that. However, I operate on a completely different time frame than you and rarely trade stock. My analysis on aapl is purely for entertainment purposes

ME TOO

and, as long as aapl keeps going up, so will the market. So, in a sense, I am using appl as a proxy for the NQ. Anyway, why don't you buy some if you are so sure that 750 is in the cards?

SEE ABOVE

I am contemplating buying some long-dated options in my reservoir account.Do you still sell naked options? You implied earlier that you are or might be liquidating. If so, why?

B/C I BUY FEAR AND SELL DEAR (NOW ALMOST 90% CASH, UP FROM 85% LAST WEEK).

DUMPING THE STUFF I BOUGHT LAST YEAR DURING THE ROUT.

SOME STUFF IS STILL UNDERWATER. SO I"LL PROBABLY HOLD THAT STUFF (ABOUT 3-4% of HOLDINGS)

IF I DECIDE THAT THIS THING HAS LEGS GOING INTO APRIL, I MAY DABBLE IN SOME CALLS (MARKET INDEX, NO NAMES)

AS FOR SELLING NAKED OPTIONS (PUTS), ONLY WHEN THE MARKET IS CRATERING AND VOLATILITY IS HIGH -- NOW IS NOT A GOOD TIME

If aapl keeps rising, chances are so will the market.



TJ - while you are at it, what about the Apple spanking (for Monday) that was prognosticated last week?. I am always curious about short term calls that are made with such confidence. (Don't take it the wrong way dude)


YEAH, WELL THAT DIDN'T HAPPEN. :o NOT SO SURE IT WAS WITH "SUCH CONFIDENCE" :P

#11 I_Am_Madness

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Posted 13 March 2012 - 04:48 PM

"should" had covered on Friday with that RUT buy signal.
"should" had held my gold short for another +36.

Ya, it's a "should had" day.

:wacko:
Stop the Madness

#12 I_Am_Madness

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Posted 13 March 2012 - 04:49 PM

If last week's 3 day move up was another "initial thrust", we are looking at 1460-1470 coming up in 4-6 weeks. :wacko:
Stop the Madness

#13 Goldmember

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Posted 13 March 2012 - 04:50 PM

All I know is that I bought April GLD 162 calls at the multi-day double bottom on the charts. I bought a small amount of March GLD calls that expire Friday just for gambling shits and giggles as well.

The Aprils were a mucher better bargain, really. Premium is nuts on any near month stuff.

Another Fade the Cliff Edge trade I put on at the same time near the close were a bunch of TLT calls for a Bond play.

Damn...I must be a Contrarian. :unsure: :o :D :lol:
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#14 Bungster

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Posted 13 March 2012 - 04:53 PM

"should" had covered on Friday with that RUT buy signal.
"should" had held my gold short for another +36.

Ya, it's a "should had" day.

:wacko:


Right there with ya.... I think I have a date with a kegger tonight...

Hangover.jpg
"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

#15 Trader Joe

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Posted 13 March 2012 - 05:06 PM

If I were a micro second trader...

...I would be looking to short ES into this JPM prejaculation induced rally





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