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Stock Market Today : May 14th - 18th - Page 30

post #581 of 1030
5/17/12 at 11:23am

I'm shorting GS, JPM and WFC right now.

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post #582 of 1030
5/17/12 at 11:23am
Naz/Russ setting new lows together just there. Caution.
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post #583 of 1030
5/17/12 at 11:24am
Thread Starter 

Transports lower, AMZN lower, QQQ lower.

 

Bears still got the ball.

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post #584 of 1030
5/17/12 at 11:25am

TF/NQ leading the way down here

Capture.PNG

 

See how well the 1315 level holds up on the 3 month profile weekly chart

(http://www.hotstockmarket.com/t/220750/stock-market-today-may-14th-18th/300#post_2861331)

Capture.PNG

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post #585 of 1030
5/17/12 at 11:26am
Thread Starter 
Quote:
Originally Posted by rando View Post

Naz/Russ setting new lows together just there. Caution.

 

Indeed, if buyers dont step here, its a swift move to 1310 next.

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post #586 of 1030
5/17/12 at 11:27am
Quote:
Originally Posted by StockJock-e View Post

Indeed, if buyers dont step here, its a swift move to 1310 next.

I'd still like to see an unmistakably mammoth flush, something more than ten handles.
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post #587 of 1030
5/17/12 at 11:27am

doh! sorry for the repetitive post

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post #588 of 1030
5/17/12 at 11:28am
As the Bear Trend gets stronger, bounces get weaker! suspicious.gif
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post #589 of 1030
5/17/12 at 11:29am
Quote:
Originally Posted by StockJock-e View Post

 

The 8ball never lies.

 

 

You R wise worship.gif

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post #590 of 1030
5/17/12 at 11:29am

AMZN took out more support!

 

MA also getting killed here. Broke support.

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post #591 of 1030
5/17/12 at 11:31am

Bought some AAPL puts.

 

Wow, only 2/3 filled.

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post #592 of 1030
5/17/12 at 11:31am
Quote:
Originally Posted by StockJock-e View Post

There are billions of dollars at stake tomorrow, no way in hell the markets are selling off on the day that FB ipos.

To borrow logic from Charles Biederman, if the stock market is imagined as a closed loop, if someone is hitting the bid to raise cash for the FB IPO, this is what we get (lower prices). It is entirely possible that enough selling is being done ahead of FB to drive us down, i.e. the FB anticipation is amplifying the Euro-malaise. The question is, will everyone buy FB right away? A lot of people are being negatively conditioned by price over the last 2-3 weeks (and rightly so). If I were Zuck, I'd be offering virtually unlimited shares for sale... as much as possible without destroying FB's equity.
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post #593 of 1030
5/17/12 at 11:33am
Got Crash Helmet? S1 is 1315.50, S2 is 1308.75

301
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post #594 of 1030
5/17/12 at 11:35am
Quote:
Originally Posted by rando View Post

I'd still like to see an unmistakably mammoth flush, something more than ten handles.

When support doesn't hold that should, the liklihood that we've seen a Major Top becomes more likely.

As previously stated, panic selling doesn't set in until Futures sell off heavily, and we get a huge gap down opening.

Either markets bounce from this area or watch out below!
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post #595 of 1030
5/17/12 at 11:35am
Thread Starter 

-1055 TICK, pressure is still on.

 

Transports -1.75% and selling.

 

Homebuilders -3.27

 

We aint going anywhere unless these guys stop selling.

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post #596 of 1030
5/17/12 at 11:37am
Quote:
Originally Posted by rando View Post


To borrow logic from Charles Biederman, if the stock market is imagined as a closed loop, if someone is hitting the bid to raise cash for the FB IPO, this is what we get (lower prices). It is entirely possible that enough selling is being done ahead of FB to drive us down, i.e. the FB anticipation is amplifying the Euro-malaise. The question is, will everyone buy FB right away? A lot of people are being negatively conditioned by price over the last 2-3 weeks (and rightly so). If I were Zuck, I'd be offering virtually unlimited shares for sale... as much as possible without destroying FB's equity.

 

Personally, having a really hard time believing this market is liquidating just to free up cash for FB.

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post #597 of 1030
5/17/12 at 11:37am

AAPL making new lows cool.gif

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post #598 of 1030
5/17/12 at 11:39am

I'm hoping for a huge short trap. Shorts are creating more AAPL shares every day. Longs are gobbling this stuff up.

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post #599 of 1030
5/17/12 at 11:41am
Thread Starter 
Quote:
Originally Posted by rando View Post


To borrow logic from Charles Biederman, if the stock market is imagined as a closed loop,

 

I like Charles, I would like to buy him a drink.

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post #600 of 1030
5/17/12 at 11:42am
Quote:
Originally Posted by Rock Sexton View Post

Personally, having a really hard time believing this market is liquidating just to free up cash for FB.

 

I know tons of people who have sold shares of big names to free up money for FB, against my advice. Most of them will miss out on day 1 when the stock jumps, and will likely have to settle for buying back the stocks they sold.

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