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Post by appledoc on Dec 21, 2012 12:35:48 GMT -8
Bull target is above 525.72. Bear target is a bounce off 520.04.
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Post by miguelfoogo on Dec 21, 2012 12:38:47 GMT -8
Is big money out of the quadruple witching now? Can we knock down a few dollars as the pressure eases?
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Post by terps530 on Dec 21, 2012 12:58:52 GMT -8
why hello there nice lil move into the close in spite of everything else going on
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Mav
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Post by Mav on Dec 21, 2012 12:59:36 GMT -8
Wow. Surprisingly strong close!
-0.5% vs. what the futures were hinting at and how the Nas ended up (about -1%).
Only one data point of course but interesting...
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Post by appledoc on Dec 21, 2012 13:02:40 GMT -8
Wow. Surprisingly strong close! Problem is, both bear and bull counts should have seen the price move up throughout the day. I'll post some new charts in the EW thread.
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Mav
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Post by Mav on Dec 21, 2012 13:17:24 GMT -8
Well that's EW for you. Different language.
Other languages might (?) show relative "strength" for the day considering. And rangebound hypothesis isn't broken.
But like I said, that's not EW.
I just bought a smallish amount of NFLX as hedge insurance/to keep interested. Standing pat on AAPL.
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Post by appledoc on Dec 21, 2012 13:20:22 GMT -8
Well that's EW for you. Different language. Other languages might (?) show relative "strength" for the day considering. And rangebound hypothesis isn't broken. But like I said, that's not EW. I just bought a smallish amount of NFLX as hedge insurance/to keep interested. Standing pat on AAPL. All true. No matter how you look at it, we're really in no man's land right now. I'm irritated by how long this is all taking to play out.
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Post by lovemyipad on Dec 21, 2012 15:50:16 GMT -8
iPad, what's your 90 minute rule with opening gaps? That if we don't fill them we'll stay above (below) them for the day? Just a rule-of-thumb, not a hard-and-fast rule. If the gap isn't filled in the first 90 minutes, odds tip in favor of follow-through in the direction of the gap. Gap down ---> more down. Gap up ---> more up.
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