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Stock Market Today : July 16th - 20th - Page 9

post #161 of 455
7/17/12 at 1:48pm
Quote:
Originally Posted by buy4hi View Post

Why monday?  Cos of this?

 

 

Other reasons? 

 

LOL, great video that was.

 

I used to wear my hair like him when I had more hair.

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post #162 of 455
7/17/12 at 1:56pm

$GOOG after the bell will have an impact on tomorrows open...

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post #163 of 455
7/17/12 at 2:07pm
Quote:
Originally Posted by CPOonfinal View Post

I have my charts indicating either Friday or Monday will be a reversal day.  I'm leaning toward monday.  I'm looking for a short position on Monday.  Tight stops though.

*Let me rephrase that.  Monday could very well be a green day but I'm looking to build a short position on Monday for a down leg of $3-$5 down run on the SPY.  I guess we'll find out next week.  Not enough upside between now and Friday to go long IMO.  Expiration is a big factor in my decision but also because I believe in Monday being a reversal day. 

How high is S&P going?
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post #164 of 455
7/17/12 at 2:13pm
Quote:
Originally Posted by Davecash77 View Post

“Now, you have to be long stocks,” says trader Brian Kelly after Ben Bernanke concluded his testimony before the Senate. “There is no other choice.”

Wow. This is every bit as true as was Goldman's proclamation that we should all get really short when we were at 1280 not too long ago. Well, maybe not quite as true, but getting close. By the time we test 1380-1400, it will be every bit as true. #DUMBFOUNDED
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post #165 of 455
7/17/12 at 2:15pm
Quote:
Originally Posted by rst View Post
How high is S&P going?

If anyone answers this questions and is 100% accurate then &ugger off back to goldman slacks....

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post #166 of 455
7/17/12 at 2:18pm

a certain someone will be right. this person calls most of the tops and bottoms.

not always correctly but he calls them and is usually right. 

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post #167 of 455
7/17/12 at 2:19pm
Quote:
Originally Posted by CPOonfinal View Post

I have my charts indicating either Friday or Monday will be a reversal day.  I'm leaning toward monday.  I'm looking for a short position on Monday.  Tight stops though.

 

 

Reversal from what? Are we in a uptrend or downtrend and nobody told me? How do you reverse choppiness? 

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post #168 of 455
7/17/12 at 2:20pm
Quote:
Originally Posted by buy4hi View Post

Quote:
Originally Posted by rst View Post

How high is S
If anyone answers this questions and is 100% accurate then &ugger off back to goldman slacks....

He's giving us a time frame, so wondering what his price range is.
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post #169 of 455
7/17/12 at 2:22pm
Quote:
Originally Posted by IchibomB View Post

a certain someone will be right. this person calls most of the tops and bottoms.

not always correctly but he calls them and is usually right. 

 

.... And he will surely remind you that you should "SEEEEEEE!"

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post #170 of 455
7/17/12 at 2:24pm

Are the arrows  a hint at distribution?

 

Anyone... anyone .. Bueller.. Bueller.. 

 

dist.png

 

Aware of a few calls saying we go lower.. just not seeing that. 

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post #171 of 455
7/17/12 at 2:28pm
Quote:
Originally Posted by IchibomB View Post

a certain someone will be right. this person calls most of the tops and bottoms.

not always correctly but he calls them and is usually right. 

 

Who? Him...?

 

mrmagoo-718883.jpg

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post #172 of 455
7/17/12 at 2:44pm

Somebody call their boys at Goldman's to make AAPL do something.  This chop is intolerable to watch.

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post #173 of 455
7/17/12 at 2:48pm
Quote:
Originally Posted by Rock Sexton View Post

Somebody call their boys at Goldman's to make AAPL do something.  This chop is intolerable to watch.

 

A lot of earnings this week could move AAPL. Tonight: Intel. Later Google, Qualcomm, etc. I'm expecting to see some upside this week, but been pretty tame so far. Wouldn't be shocked if the bigger movements were after hours or EOD rallies.

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post #174 of 455
7/17/12 at 2:53pm

Sideways action since lunch, nobody taking any big bets going higher here?

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post #175 of 455
7/17/12 at 2:58pm

Breaking out of the bullish consolodation i wonder if we get a squeeze into the close..I guess it dependson how many traders took short positions after the Bernank..

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post #176 of 455
7/17/12 at 3:00pm

Bernank: Things are looking bad!

 

Traders: ...soooo you are saying we should be buying...? *wink wink

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post #177 of 455
7/17/12 at 3:01pm

We're trying to break through that wedge on the daily here. A close above 135.75 would be pretty damn bullish!

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post #178 of 455
7/17/12 at 3:03pm

Good, it better go higher, I want to see a buying panic.

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post #179 of 455
7/17/12 at 3:10pm
Quote:
Originally Posted by StockJock-e View Post

Good, it better go higher, I want to see a buying panic.

 

 

A good ole fashioned Rip your face off rally !!!!

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post #180 of 455
7/17/12 at 3:23pm

There goes BAC breaking out of it's bull flag with some volume the SPYt should follow

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