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Plan to exit shorts on the open


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#11 CLK

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Posted 20 March 2014 - 09:29 AM

1861 is the bear line in the sand, this move was impulsive and 80% of the time the lows will be tested. Right now Egg on my face. Good numbers at 10 upset my apple cart



What was the news ?

#12 zoropb

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Posted 20 March 2014 - 09:31 AM

needless to say CRAP

Nice call Zman

My pleasure O.

it is the levels stuff.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#13 opinionated

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Posted 20 March 2014 - 09:31 AM

Thanks relax

#14 arbman

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Posted 20 March 2014 - 09:35 AM

last fed meeting also had strong day after and then came two down

nymo is higher this time, so seller momentum could be weaker, but maybe they go for a nymo divergence when they drop it


Looks like a short is setting up here too, I am pretty sure they should load up more calls today after no follow through of yesterday's action...

http://stockcharts.com/c-sc/sc?s=$CPCE&p=D&yr=1&mn=0&dy=0&i=p02553430890&r=1395326071906&.png

#15 opinionated

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Posted 20 March 2014 - 09:38 AM

Could be arb, But above 1861 targets 64 then 67... above 67 for sure targets new highs IMHO

#16 relax

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Posted 20 March 2014 - 09:44 AM

big tell will be if nysi starts climbing again, if it does, then I think we get a situation where market tops when nysi tops (instead of market topping while nysi dropping) - similar situations may 2013 or september 2012, that would probably mean a top in april just some thoughts

#17 opinionated

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Posted 20 March 2014 - 09:46 AM

Agreed

#18 risk_management

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Posted 20 March 2014 - 09:51 AM

Breadth is pulling this market lower. Buyers need to step up here and take it higher or this market is going to collapse under it's own weight. p.s. And when I say breadth is...it's my own interpretation of how breadth and price behave. Don't want to be lectured by our resident breadth expert.

Edited by risk_management, 20 March 2014 - 09:53 AM.


#19 zoropb

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Posted 20 March 2014 - 09:53 AM

poof

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#20 opinionated

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Posted 20 March 2014 - 10:01 AM

RM, I know JUST what you mean... About our experts. But there are two sides to every coin. I'd be interested in learning your theory. O And Mr. Z... Poof? Where you speaking of the balance in my account? :lol: