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post #93781 of 136697

so we made new highs today. Looks like the next target on the SP500 is indeed 1360

post #93782 of 136697
76.4 fib back to all time highs is 1365.xx I believe. Choo-choo!

ES could potentially put in 1325 as support. Top of rising wedge on my chart is 1332 as of close today. 1333 is S&P cash double off the March '09 lows. All in play but the smart play for big money is to make the "impending double" the big news chatter over the weekend in a desperate attempt to get ma and pa back in.
post #93783 of 136697

i agree on that.. i was looking at 1361 and 1323 as support if things hold. ES

post #93784 of 136697

Next week is a very big week for economical reports. Viotility should go up next week so be aware.

post #93785 of 136697
Quote:
Originally Posted by Marcus092 View Post

Next week is a very big week for economical reports. Viotility should go up next week so be aware.



Next week is also options X look for some voo-doo to take place !!!

post #93786 of 136697
Quote:
Originally Posted by Marcus092 View Post

Next week is a very big week for economical reports. Viotility should go up next week so be aware.



And by volatility you mean everything will rally because that the only direction the markets can go. :P

post #93787 of 136697
Quote:
Originally Posted by StockJock-e View Post



Quote:
Originally Posted by Marcus092 View Post

Next week is a very big week for economical reports. Viotility should go up next week so be aware.



And by volatility you mean everything will rally because that the only direction the markets can go. :P



SJ...I only have humor now for this stupid piece of SH*t market....yeah youre probably right about the rally.

post #93788 of 136697
Quote:
Originally Posted by rando View Post

a desperate attempt to get ma and pa back in.


Everyone should join the fun, it's easy, all you have to do is buy. No need to sell or take profits anymore.

post #93789 of 136697

retail does have a lot of power. just look at what happens after cramer reccomends a stock

post #93790 of 136697

Brief periods yes. They don't have staying power IMO. Also why is Cramer pumping stocks up? Is it possible he has a hidden agenda?
 

Quote:
Originally Posted by JFerraro View Post

retail does have a lot of power. just look at what happens after cramer reccomends a stock

post #93791 of 136697
Quote:
Originally Posted by MC View Post

Brief periods yes. They don't have staying power IMO. Also why is Cramer pumping stocks up? Is it possible he has a hidden agenda?
 

Quote:
Originally Posted by JFerraro View Post

retail does have a lot of power. just look at what happens after cramer reccomends a stock


same way he pumped em up in the 2000's hes doing now. IMO he tells you to buy the stocks with astronomical  p/e ratios cuz their growth stocks lol.

post #93792 of 136697

Highest amount of volume today now at 1326.25  (/ES)

 

Half of all volume ranging from 1322.5 - 1327.25

 

Close 1327.50 (+8.75)

 

S&PFutures-volume profile-021110.gif

post #93793 of 136697

Hey can anyone help me?  I'm at work and limited to what I can do online.

 

I'm looking for a link to a DJIA or SPX 5 year chart in candlestick format.  I want to be able to show a real example of a bearish engulfing pattern.  I want the 5 year because it will have the 2007/2008 crash as well as the flash crash.  Any help would be greatly appreciated.

post #93794 of 136697

http://bigcharts.marketwatch.com/charts/big.chart?symb=dji&compidx=aaaaa%3A0&ma=1&maval=21%2C50%2C200&uf=0&lf=1&lf2=32&lf3=0&type=4&size=4&state=15&sid=1643&style=350&time=12&freq=2&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=7957&mocktick=1

 

Not sure if you wanted weekly...anything else will be hard to read on a static 5 year chart. Freestockcharts.com might work if you need daily or to zoom in etc...
 

Quote:
Originally Posted by Rhythmdoctor View Post

Hey can anyone help me?  I'm at work and limited to what I can do online.

 

I'm looking for a link to a DJIA or SPX 5 year chart in candlestick format.  I want to be able to show a real example of a bearish engulfing pattern.  I want the 5 year because it will have the 2007/2008 crash as well as the flash crash.  Any help would be greatly appreciated.

post #93795 of 136697

If I could get a monthly and weekly chart, that would be superb!!

post #93796 of 136697

mxdave, now that we closed up above that 12250 what is the next level you are looking for? you've been pretty spot on with your calls on here for much of this run up. thanks.
 

Quote:
Originally Posted by mxdave View Post



 

Quote:
Originally Posted by rst View Post


 


That is correct.I beleive this level could be a tough nut to crack.If it does pass and hold its up we go again.If it does not I`m looking for a pullback of 150 or slightly more over a couple days.The jobs report will play a big role in what happens tommorrow. All IMO of course.
 

post #93797 of 136697
Quote:
Originally Posted by Internationalstocks View Post

The Sh*t will hit the fan soon enough..



Just keep tilting against those windmills trying to change the direction of the breeze. 

 

I'll keep making money instead.

post #93798 of 136697

Thanks, MCthumbup.gif

post #93799 of 136697

Did that do the trick for ya? If not lemme know and I can host a screenshot.
 

Quote:
Originally Posted by Rhythmdoctor View Post

Thanks, MCthumbup.gif

post #93800 of 136697


 



 


Yeah agreed. 

I'm going to continue to keep mostly cash until I see a significant move one way.

All the stocks I'm watching are performing extremely good, but I don't feel comfortable adding to my positions with prices in such an oversold level.

Ford has been the exception cool.gif

 

 


How big of a move are you looking for?  This is the easiest it's been since 2000 in terms of picking an equity and watching the pretty green numbers pile up. I'll give you props for at least not being one of the people stubbornly losing their shirts day after day figuring it's going to go red "any day now", but if this hasn't been significant enough, you're never going to jump in. 

 

I swear, people are so afraid of those couple of days when the downswing starts (whenever that may be) and the few bucks they'll lose during them before they switch gears and start shorting everything that they're missing out on a boatload of cash just riding this thing up.

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