 We Are SOOOOOO Due a Pull-Back |
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 Feb 17 2012, 02:04 PM
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 Mark S. Young Group: Admin Posts: 15577 Joined: 20-August 03 From: CVG Member No.: 3  |
And just the market can't muster anything.
We'll get it sooner or later, but there is no reason to stretch or probe just yet. I'm only going to short perfect setups for now. I will go long if I ever get a good set up. M -------------------- |
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Feb 17 2012, 02:49 PM
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Member Group: Traders-Talk User Posts: 5351 Joined: 13-October 03 Member No.: 349 |
anyone looking for a retest of the lows during the "February Break" - I think things will be good for grains this year - zoro, selecto?
tia, -------------------- best,
klh |
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Feb 17 2012, 05:06 PM
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 Member Group: Traders-Talk User Posts: 4907 Joined: 28-November 08 From: Here Member No.: 7791 |
QUOTE (dasein @ Feb 17 2012, 02:49 PM)  anyone looking for a retest of the lows during the "February Break" - I think things will be good for grains this year - zoro, selecto? tia, K the commercials are record net long wheat. If we go over 683 March we are going way up. Needs to hold 631 st. I know what you mean Mark. -------------------- I am primarily an es specialist trader for more years than I care to say. I also run an ES traders Blog with high probability targeting on es. The blog is a limited private membership. Membership open again http://ztradingintro.blogspot.com/. Good trades to all.
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Feb 17 2012, 05:12 PM
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Member Group: Traders-Talk User Posts: 6114 Joined: 22-January 04 Member No.: 1202 |
I shorted around 3:50pm, holding over the weekend. We didn't get the sell today so the setup is
decent for a half day or more of selling Tuesday. We usually get an opposite move from opex the following trading day. Next week still looks up but I think they shake a few out early. |
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Feb 17 2012, 05:22 PM
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Member Group: Traders-Talk User Posts: 1215 Joined: 12-October 05 From: Oklahoma Member No.: 4287 |
oil prices have to be scaring the fed...there is no way we can see much further advance,
-------------------- Education is the best defense against the media.
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Feb 17 2012, 05:34 PM
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Member Group: Traders-Talk User Posts: 94 Joined: 29-September 03 Member No.: 157 |
QUOTE (zman @ Feb 18 2012, 05:22 AM) oil prices have to be scaring the fed...there is no way we can see much further advance, I don't hear the media barrage concerning inflation yet. I think oil has a ways to go before it crimps the market rally. 10 year yields closed above 2. Euro is stabilizing. USD index is looking to break down right about now. We could be heading for a pullback, but there have been multiple pullbacks to the 50day SMA in the prior rallies before hitting new highs. A pullback would be welcomed by many traders who want to get long. |
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Feb 17 2012, 07:14 PM
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Member Group: Traders-Talk User Posts: 1556 Joined: 1-October 03 Member No.: 244 |
We're due to a pullback to the 21-day moving average.
The media has prepared people for gas to go to $4.50 to $5.00 by May. People will switch to regular and go to warehouse clubs to adjust without making lifestyle changes. I think that once regular goes over $4.00 soon, people will start to make those tradeoffs that affect other spending. |
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Feb 17 2012, 09:58 PM
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 Member Group: Traders-Talk User Posts: 2658 Joined: 1-March 05 From: Austin, TX Member No.: 3156 |
QUOTE (Data @ Feb 17 2012, 09:14 PM) We're due to a pullback to the 21-day moving average. The media has prepared people for gas to go to $4.50 to $5.00 by May. People will switch to regular and go to warehouse clubs to adjust without making lifestyle changes. I think that once regular goes over $4.00 soon, people will start to make those tradeoffs that affect other spending. I might by that expensive truck for cheap once they start selling them because they can't afford the gas..... Not that I can afford the Gas, but I don't drive that far...... |
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Feb 18 2012, 01:56 PM
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 Member Group: Traders-Talk User Posts: 6652 Joined: 22-October 03 From: US Virgin Islands Member No.: 391 |
Karen, options osc on buy; news, divergences and
overboughts are being trumped by liquidity, as in the reign of QE-II. Read this. This post has been edited by selecto: Feb 18 2012, 02:06 PM |
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Feb 18 2012, 02:54 PM
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Member Group: Traders-Talk User Posts: 6652 Joined: 22-October 03 From: US Virgin Islands Member No.: 391 |
PS: It is reported that Russia, China and Japan have been big sellers of US Treasury debt.
I have to believe that the players are getting their mits on some of the proceeds. This post has been edited by selecto: Feb 18 2012, 02:57 PM |
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Lo-Fi Version | Time is now: 19th June 2013 - 06:33 AM |