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08/04/2011 Intraday Watering

agnosia
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Re: 08/04/2011 Intraday Watering

Post by agnosia »

BAC sub 9 ! 8.87... that is a huge stock and is bringing the market down..
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Me XMan
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Re: 08/04/2011 Intraday Watering

Post by Me XMan »

SPX 1205 and dropping...
barbaragull
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Re: 08/04/2011 Intraday Watering

Post by barbaragull »

A bloody good lesson for dip buyers ;)
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davros
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Re: 08/04/2011 Intraday Watering

Post by davros »

well it's kinda sad, lot of folks are going to have a hard time because of this, like people retiring and stuff
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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

no sign of bottom. I just hope the market could close now. what a bloody day. and to make things worse, a day like today, a lower SPX close is almost guaranteed.
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barbaragull
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Re: 08/04/2011 Intraday Watering

Post by barbaragull »

Unload almost half of my VIXY. Started too early from 56.09, because I have been under water for too long. :oops:
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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

wedge becomes channel, a renew selling pressure. :o
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agnosia
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Re: 08/04/2011 Intraday Watering

Post by agnosia »

barbaragull wrote:A bloody good lesson for dip buyers ;)
but over the last two years if u were a dip buyer like me you are way in the green and this last week is only a minor dent in the profits... that said, my mentality is changing to sell the rips.

i'm sure all the top callers over the last two year are still in the red even after this week.
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pidge66
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Re: 08/04/2011 Intraday Watering

Post by pidge66 »

davros wrote:well it's kinda sad, lot of folks are going to have a hard time because of this, like people retiring and stuff
IRA is nothing. Still a big rebound from the '09 low. What's more important is for people who trade for a living. I heard one hedge fund blew up today.
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Me XMan
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Re: 08/04/2011 Intraday Watering

Post by Me XMan »

How can a hedge fund blow up?
pidge66 wrote:
davros wrote:well it's kinda sad, lot of folks are going to have a hard time because of this, like people retiring and stuff
IRA is nothing. Still a big rebound from the '09 low. What's more important is for people who trade for a living. I heard one hedge fund blew up today.
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Anaconda
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Re: 08/04/2011 Intraday Watering

Post by Anaconda »

So much for precious metals being a safe haven. I feel truly sad for all the poor folks who've tried to find at least one safe place (in metals) to protect their assets. But, a look at 2008 and what happened to pm's then, tells an ugly tale; pm's went down like a lead balloon, along with every other asset. Why? Liquidity, liquidity, liquidity. Anyway, protect yourselves, Cobra-colleagues. Thanks as always for the good info and better trading tomorrow!
agnosia
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Re: 08/04/2011 Intraday Watering

Post by agnosia »

someone RING THE DAMN BELL ALREADY !!!
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soku
Posts: 1893
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Re: 08/04/2011 Intraday Watering

Post by soku »

soku wrote:
soku wrote:i still believe 1235 is the bottom for next couple hours. anything below is just overshooting.
apparently i am wrong. i see a weak support at 1220-1222 area for a shorter time frame.
as i mentioned yesterday, if we close below 1230 area, the next step will be around 1200
we r at 1198.5? so that it? no comments.
god bless america
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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

well, I'm glad, at least the market is about to close. the bottom line, I don't see a clear bottom sign yet, the selling is still in acceleration, so don't try to stop it, a lower close ahead is almost guaranteed. Thank you guys, I'll see you tomorrow.
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lqiantobe
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Re: 08/04/2011 Intraday Watering

Post by lqiantobe »

general speaking, new high for VIX,means what? more push down tomorrow?
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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

agnosia wrote:
barbaragull wrote:A bloody good lesson for dip buyers ;)
but over the last two years if u were a dip buyer like me you are way in the green and this last week is only a minor dent in the profits... that said, my mentality is changing to sell the rips.

i'm sure all the top callers over the last two year are still in the red even after this week.
well said. timing is important. follow the trend. be snake-ish. :mrgreen:

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shooker
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Re: 08/04/2011 Intraday Watering

Post by shooker »

wow looks like we are in the top 20 largest daily points losses in Dow Jones Industrial Average...
fuddleduddle
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Re: 08/04/2011 Intraday Watering

Post by fuddleduddle »

I'd like to think a new high on VIX means we're bottoming. But no chance in that.. momentum down is too strong. Possibly no meaningful rebound until Tuesday (if QE3 is announced).
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soku
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Re: 08/04/2011 Intraday Watering

Post by soku »

shooker wrote:wow looks like we are in the top 20 largest daily points losses in Dow Jones Industrial Average...
dji: largest drop since dec 2008.
spx: largest drop since feb 2009.

we now back to nov 2010
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davros
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Re: 08/04/2011 Intraday Watering

Post by davros »

rsp up 6% in AH... lol 47.60
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