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Will CIT be another PIR or C


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#46 K Wave Rider

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Posted 10 November 2009 - 10:22 PM

Seeing short time frames with possible topping action in currencies...see if this is the start of something or not....

#47 TenaciousG

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Posted 10 November 2009 - 10:29 PM

Guess the hackers who watch 60 minutes decided to revisit Brazil's power grid.

Brazil Cities in Darkness due to Power Outage

http://www.youtube.com/v/vbOLlNtRcQA.swf
Cynically optimistic

#48 Jimbo

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Posted 10 November 2009 - 10:42 PM

GOVERNMENT SACHS GETS RELIGION

Goldman One-Ups Gordon Gekko, Says Jesus Embraced Greed.

Yep its all the will of god and pass the taxpayer funded collection plate.

Jesus whipped the money changers out of the temple.

Government Sachs just whipped the money OUT of the temple (FED building).
timoleon

#49 K Wave Rider

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Posted 10 November 2009 - 10:42 PM

ES 1090 and TF 585 look like the numbers da bears gotta take out to get things going back down....

Only 16% short at Traders Talk tonight.....

It's all about da buck overnight here.....

#50 K Wave Rider

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Posted 10 November 2009 - 10:58 PM

Anybody else notice summation turned back down today on NAZ...on green close.....

http://stockcharts.c.../McSumNASD.html

#51 Ags Nightmare

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Posted 10 November 2009 - 11:01 PM

....be vewy qwiet

ap
Median home prices fell nationwide in 3Q
Median home prices fell in 80 percent of US metropolitan areas in third quarter of 2009

The median sales prices of existing homes declined in 123 out of 153 metropolitan areas compared with the same period a year ago. Prices rose in the other 30 cities.

The national median price clocked in at $177,900, or 11 percent below the third quarter last year.

http://finance.yahoo...-...set=&ccode=

FDIC boss: Big banks still aren't lending enough
FDIC's Bair says big banks aren't lending enough, using 'carry trade' to make money :ph34r: :angry2:

http://finance.yahoo...i...set=&ccode=

ap
Adobe to cut about 680 full-time jobs
Adobe to cut 680 full-time jobs, or 9 percent of work force

Adobe's shares closed up 15 cents at $36.60 Tuesday.

http://finance.yahoo...t...set=&ccode=


ap
Job openings remain close to record-lows
Job openings stuck near record-lows as companies hesitate to hire despite recovery

http://finance.yahoo...s...set=&ccode=


ap
Housing plan reaches 1 in 5 borrowers
Obama housing plan reaches 20 pct of eligible borrowers; permanent mods next big challenge

http://finance.yahoo...n...set=&ccode=
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#52 TenaciousG

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Posted 10 November 2009 - 11:03 PM

Feels like the DX is holding onto 75 by a thin thread - feels like it wants to break soon (perhaps tonight).
Cynically optimistic

#53 I_Am_Madness

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Posted 10 November 2009 - 11:05 PM

Very interesting look at AMZN...Watch for the move below 125ish?

Attached Thumbnails

  • amzn.jpg

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#54 Charmin

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Posted 10 November 2009 - 11:09 PM

If the brakes get applied now this might be what you can expect:

IWM brakes applied at the 50 bar ma
http://www.StockShar..._1257908707.png

XLF brakes applied at the 50 bar ma (definitely needed)
http://www.StockShar..._1257908913.png

You can add the smh to this.
You guessed it - dollar rising.
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#55 snorkels4

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Posted 10 November 2009 - 11:10 PM

golden sacks to upgrade reits

http://www.zerohedge...ade-reit-sector

#56 I_Am_Madness

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Posted 10 November 2009 - 11:11 PM

Feels like the DX is holding onto 75 by a thin thread - feels like it wants to break soon (perhaps tonight).


One hard down overnight to get the last of the dollar longs out and then reverse it prior to European market opens?
Stop the Madness

#57 Charmin

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Posted 10 November 2009 - 11:11 PM

Feels like the DX is holding onto 75 by a thin thread - feels like it wants to break soon (perhaps tonight).


Isn't it about time the dollar carry traders start to pay up?
Target's been down to 74.50 for a long time.
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#58 TenaciousG

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Posted 10 November 2009 - 11:17 PM

Can anyone think of something that will knock this down 10 % plus between now and the end of the year.....

Only thing I came up with is an overnight dislocation in the currency or bond markets...and even if that happens.....spin is probably already been pre printed and it could be limited....

Earnings ? who gives a sheet...

Xmas Pump..... won't know till next year that it will be sheet.....Crapvisoon's Whiskey Haines Fat Ass Bottom Santa Clause Rally complete with a Jack Daniels IV and Marlboro smoke machine.... now I know what kind of gum the disgusting drunk is chewing....Nicorette....Saw him stick a piece in Costa's eye this morning because he was "bearish"

End of year performance deer in the headlight 20 something morans buying beta....

The annual January Effect horse crap even if the January Effect happened in July.....

Possible "Splits" ( haven't used that mania playbook yet)...and numerous raised targets....

The "Holiday factor"...the day after Thanksgiving is where dads show their sons how they can day trade their college savings away in 24 hours...

Half day Thanksgiving Friday..off Thursday....then XMAS and New years,,,

Not enough time to tank...my hunch is first quarter next year we will see a meaningful and playable dump....bears will be back in business..until then..I can't think of one thing that will stop this lunacy from continuing given the Fed has effectively walked away from the market and given the pigmen free money to stick in the slots....

Again...when this ends...it will be like shooting fish in a barrel shorting..then we head to Thunderdome...Japan dragged it out for 20 years plus....but we are so good doing the wrong thing...we can do it in dog years....I don't see any way our system survives what we are doing long term...it's not mathematically possible....


I was thinking the same thing earlier today - I am at a loss as to what driver would cause this market to fall. Certainly there is plenty of geopolitical shat (Iran, N. Korea, Venezuela, etc...) going on that could kill it but that is a waiting game. The $DX could collapse but don't see that happening either (simple slow fall). This is the tough part of the market with no real direction in the fraudexes and you must be in "the know" to pick the "right" stocks at the right time. Personally I am sick of this market but will adjust my trading and be a scalper along with all the other HFT sparc stations.

I agree that we won't see any material drop until early next year (early January). :wacko:
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#59 specie

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Posted 10 November 2009 - 11:25 PM

potential reasons for a fall?

this one's really out there

Is Obama planning a big announcement November 17th about aliens and UFOs? An unidentified man believes so and let's a filmmaker know about it.


http://www.bignews.b...liens-ufos-syfy

Four hundred years after it locked up Galileo for challenging the view that the Earth was the center of the universe, the Vatican has called in experts to study the possibility of extraterrestrial alien life and its implication for the Catholic Church.

AP News in Brief

http://www.google.co...dg2BDAD9BSV8L02
specie = Money, especially in the form of coins made from precious metal, that has an intrinsic value

#60 TenaciousG

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Posted 10 November 2009 - 11:28 PM

One hard down overnight to get the last of the dollar longs out and then reverse it prior to European market opens?



Right now I am numb - just no "feel" for what might happen. Anything is possible so I will continue to wait for the stars to align and tread lightly in my trading.

You have had some great scalps lately!
Cynically optimistic





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