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Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:00 pm
by Al_Dente
5 minute
I call it a box formation (old-fashioned TA), bulkowski calls it a rectangle, this guy calls it a "Horizontal Channel"
“The breakout [breakdown] often occurs at the 4th contact point”
http://www.forex-tribe.com/Horizontal-Channel.php
Posted: Wed Mar 25, 2015 3:01 pm
by MrMiyagi
!!! POWER HOUR !!!
Re:
Posted: Wed Mar 25, 2015 3:03 pm
by Cobra
MrMiyagi wrote:!!! POWER HOUR !!!
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:04 pm
by Trades with cats
Crude knife catchers are betting against US foreign policy. Assuming hot war on Saudi Yemen boarder will disrupt supply. Betting Kerry can't get deal to lift Iranian sanctions, counting on France to say no. Betting refiners in US set all time records this spring, as refined products are how you ship oil out of US.
Sorry Charlie need $80 barrel to return industry to health, not low 50's. These oil tycoons won't make any decisions until forced. Waited until the devil was knocking on the door (SEC required re-statement of value of in ground oil) to dilute the heck out of shareholders so they can pay off all debt where covenants will be violated. Will try to issue more junk bonds, but the real outcome is protection from creditors, then for many, eventual liquidation. Gary Shilling said $20 was the cost to pump it out of the ground. Last week it got to $37 in North Dakota. We have a ways to go.
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:11 pm
by Cobra
vol surge, might be a rebound here then we'll see. hard to call if it's double bottom here.
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:12 pm
by uempel
Black channel support is breaking, but there is so much (other) support in 2060/70 area - I can hardly believe it's going to be broken today
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:12 pm
by fehro
SPX daily.. either nearing support (2065ish) and bounces to new all time highs with in the wedge.. or the wedge breaks.. and it gets really ugly...
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:14 pm
by soku
Trades with cats wrote:Crude knife catchers are betting against US foreign policy. Assuming hot war on Saudi Yemen boarder will disrupt supply. Betting Kerry can't get deal to lift Iranian sanctions, counting on France to say no. Betting refiners in US set all time records this spring, as refined products are how you ship oil out of US.
Sorry Charlie need $80 barrel to return industry to health, not low 50's. These oil tycoons won't make any decisions until forced. Waited until the devil was knocking on the door (SEC required re-statement of value of in ground oil) to dilute the heck out of shareholders so they can pay off all debt where covenants will be violated. Will try to issue more junk bonds, but the real outcome is protection from creditors, then for many, eventual liquidation. Gary Shilling said $20 was the cost to pump it out of the ground. Last week it got to $37 in North Dakota. We have a ways to go.
not sure if i follow you. yeah i agree refiners will be fine. i watched shilling on btv. i don't think his numbers are right
Posted: Wed Mar 25, 2015 3:15 pm
by MrMiyagi
SPX right at 50sma, do or die time?
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:20 pm
by fehro
pennies short of 50d SPX 20 RUT.. NDX looks like it wants 50d
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:24 pm
by Al_Dente
Three things:
Participation: top panel, won’t update until the close, but you can see from yesterday’s close the percent above 20ma had already started down
SPY: middle panel, today will be the first red Elder bar, depending on the close
Momentum: bottom panel, updates intraday, down momo, with banks (red) the weakest, being the first to cross below the 50 dashed line
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:25 pm
by Trades with cats
Which refiners? Need close to a pure play on the gulf with lots of surplus capacity.
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:28 pm
by soku
update 4h float on /ES
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:28 pm
by Cobra
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:33 pm
by soku
still remember my freebie chart on aapl? no need to be greedy.
long live fg
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:35 pm
by Al_Dente
AAPL renko registered a sell on that weird spike down in the last 10 minutes of trading on Friday
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:38 pm
by soku
look at this
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:40 pm
by soku
me all covered. show hand. i am done for the week.
spring break i need to get out. good luck to alll
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:41 pm
by Out of Bounds
I am buying some stocks that are particularly beaten down. Mostly FSLR which is down 3.4%
Re: 03/25/2015 Live Update
Posted: Wed Mar 25, 2015 3:43 pm
by uempel
Support area 2060ish is evident on the weekly. Of course it can be broken - but I can hardly believe it's going to be broken without a small bounce. Have I been bullishly brainwashed these last years?