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Stock Market Intraday Chat: Mar 5th - 9th - Page 9

post #161 of 985
3/5/12 at 2:23pm

Nasdaq down the most today. The tech leaders going to start the markets rolling over? PCLN, AAPL, GOOG, LNKD, NFLX. CRM all down.

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post #162 of 985
3/5/12 at 2:25pm
Quote:
Originally Posted by TheShortLife View Post

This drop barely pushed up volatility (VXX / TVIX mind you) which the only rational explanation is that the herd was prepared ahead of time for the potential of a retracement down. Meaning, puts/hedges were made beforehand, probably last week. It's a shame considering the move down we've seen so far... but I'm leaning towards it being more of a "bloodletting" than an actual change in trend.

 

So far, the selling feels slow and controlled. For the bearish case, I'd like to see a move back up to the regression channel support line being rejected on high volume. Otherwise, steady the course, cause up we go.


So you're saying that you want one more test and fail? We did what you described this morning.

 

tsl.jpg

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post #163 of 985
3/5/12 at 2:31pm

http://www.youtube.com/watch?v=FGNjeeKBKtA

 

 

HURRY UP AND BUY

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post #164 of 985
3/5/12 at 2:31pm
Thread Starter 

Breadth on the NASDAQ -3:1

NYSE -2.2:1

 

Tech definitely weighing heavier

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post #165 of 985
3/5/12 at 2:33pm
Quote:
Originally Posted by hermanpu View Post

Nasdaq down the most today. The tech leaders going to start the markets rolling over? PCLN, AAPL, GOOG, LNKD, NFLX. CRM all down.

yea nasdaq has been more volitale than other indicies as of late...up the most on green days and down the most on red days
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post #166 of 985
3/5/12 at 2:34pm

Nice chart mpr. Does that mean we finally broke out and in down trend? 

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post #167 of 985
3/5/12 at 2:35pm
Quote:
Originally Posted by mpr View Post

I agree Jah bless, one of my favorite traders!

 

on the contrary, I'm not denying TSL arguement, I agree 100%. I'm still not getting swayed though until I see these lows of last WED. taken out.

I'm still saying it's a buy here! At least for a temporary bounce.

 

I had a post last week in the other intraday thread talking about my "bear" arguement. discussing some similar facts about ES being stuck in the lower part of the regression channel, and how consolidation was killing the potential for higher moves.

 

I will admit, I had a bit of patron tonight... and ES looks mighty fine here for a bounce on the fib!

 

 

 

stub.jpg

 

Maybe it's the tequila!



Temporary bounce it was! We bounced up to that regression channel and sold all the way down to those lows from last Wed. that we need to defend.

We're setting up a nice base over the lows, this may give us the push to test that 1370 mark one more time. Maybe that's too easy, but a test and fail of 1370 would

confirm a lot of shorts.

 

tsl.jpg

 

 

 

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post #168 of 985
3/5/12 at 2:39pm

aapl diverging again, may be one of the better power hours we have had lately.

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post #169 of 985
3/5/12 at 2:46pm
Thread Starter 

Forbes.com

 

Smart Move Is Selling Apple On iPad Announcement

 

Johnny-come-latelies in Apple (AAPL) stock may be setting themselves up to get their pockets picked by professionals.

Unless one has been hiding under a rock, it has been impossible to hide from the constant bombardment of the same tired news that iPad 3 is coming.

Professionals and individual investors play the much anticipated event very differently.

Professional traders marked on their calendars on March 2, 2011 to start accumulating Apple stock in early January, 2012 subject to overall market conditions. What was so special about March 2, 2011? This was the day when iPad 2 was introduced.  Based on past patterns, it was reasonable to assume that Apple will introduce iPad 3 in early March, 2012.

A simple analysis of the recent data shows that Apple stock gains about 1.7% leading into an announcement and then falls about 1.3% in the three week period after the event.

 

http://www.forbes.com/sites/greatspeculations/2012/03/05/smart-move-is-selling-apple-stock-on-ipad-announcement/

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post #170 of 985
3/5/12 at 2:47pm

wow me might actually get down to that mini crash wick on aapl today

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post #171 of 985
3/5/12 at 2:49pm
Thread Starter 

Lots of AAPL longs will be trying to buy the dips, but when the dips start making lower lows...

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post #172 of 985
3/5/12 at 2:53pm
Thread Starter 

Utilities and consumer staples improving here, these are defensive sectors.

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post #173 of 985
3/5/12 at 2:56pm

IWM having a hard time trying to break 80.14 on the 15min chart.  

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post #174 of 985
3/5/12 at 2:57pm

just broke out to the up side.
 

Quote:
Originally Posted by themav37 View Post

IWM having a hard time trying to break 80.14 on the 15min chart.  



 

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post #175 of 985
3/5/12 at 2:59pm
Thread Starter 

+1072 TICK , buying spike across the board, looks like some algos are stepping in.

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post #176 of 985
3/5/12 at 3:03pm

in IWM weekly 80 calls at the breakout 

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post #177 of 985
3/5/12 at 3:05pm

hmm looks like BTFD lives on!

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post #178 of 985
3/5/12 at 3:07pm
Thread Starter 

My FAZ is going the wrong direction, it was looking good going into 3pm

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post #179 of 985
3/5/12 at 3:10pm

nice little covering... or buying.. however you want to look at it :)

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post #180 of 985
3/5/12 at 3:11pm

Quote:

Originally Posted by mjoke View Post

nice little covering... or buying.. however you want to look at it :)


"short covering" sounds way cooler laughing.gif than just plain buying

 

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