FAS / FAZ / Daily Discussions / Archives / 06-08-2011 / Friday, November 12, 2010

Topie: Friday, November 12, 2010
November 12th, 2010 09:34 AM
wanlorn Opened lower this morning. XLF opened between S1 and S2 will take a few minutes for the SMA to catch up. XLF is now right on the S1 line.

20101112
H = 15.26
L = 15.11
C = 15.20
P = 15.19
R1 = 15.27
R2 = 15.34
R3 = 15.49
S1 = 15.12
S2 = 15.04
S3 = 14.89
November 12th, 2010 09:46 AM
Black Swan In TNA at 57.87, out 58.22.
And now it breaks out!

Good luck everyone!
November 12th, 2010 09:57 AM
wanlorn K Emma is going with Bull.

EmmaEOD bought Fas 24.44 @ 9:57:01 stop 24.07
November 12th, 2010 10:31 AM
wanlorn Well there went the stop..
November 12th, 2010 12:22 PM
wanlorn Well I guess everyone other than Black and myself took the day off..
just to update:
EmmaEOD1 bought FAS 24.49 @ 10:00:01
EmmaEOD1 stopped out at 24.11 @ 10:30:42
EmmaEOD1 bought FAZ 11.37 @ 10:31:01 with a stop of 11.20

EmmaEOD stopped out at 24.05 @ 10:31:14
EmmaEOD bought FAZ 11.53 @ 11:54:01 with a stop of 11.36

EmmaEOD was too late in stopping out to register that FAZ cross at 10:30.

EmmaPT is still in FAZ from Tuesday! If Faz hits 11.65+ it will finally be able to exit the trade.
November 12th, 2010 12:34 PM
shazee No, I am here and reading your posting. I call the bottom for today 1192-1196.

Next week we are going up, up.

If we go below 1185 today, then no long position for me for now.

I am going to start buying like Bulldog.
November 12th, 2010 12:48 PM
wanlorn Yay we aren't alone!
1196 is SPX S3 line and 1189 is S4.

EmmaPT sold off FAZ @ 11.56 for a gain of 5.25% after 3 long days.

November 12th, 2010 12:56 PM
shazee We bounce twice on 1194 so far. We have two gaps on SPY 119.51 and 118.13.

Let's see if bounce of 1194 hold it for now. We might go even lower. I am buying today for next week, I don't know the timing yet, Small BATCH.
November 12th, 2010 01:02 PM
wanlorn 33% of S3 to S4 = 1193.70
50% = 1192.59
66% = 1191.48

If 1194 breaks 1192 should hold for a while hopefully through the end of the day.
November 12th, 2010 01:13 PM
shazee Thanks Wanlorn.
I'll watch those numbers.
November 12th, 2010 02:56 PM
HeidiTwit hope y'all have a great weekend. Can't wait to see what happens on Monday!
November 12th, 2010 04:03 PM
wanlorn
Quote:

EmmaEOD1 bought FAZ 11.37 @ 10:31:01 with a stop of 11.20
EmmaEOD bought FAZ 11.53 @ 11:54:01 with a stop of 11.36

EmmaEOD sold FAZ at 11.58
EmmaEOD1 sold FAZ at 11.59

End result:
EmmaEOD down 1.15%
EmmaEOD1 up 0.35%
November 12th, 2010 04:03 PM
wanlorn Have a great weekend as well to everyone.. See you all Monday.
November 12th, 2010 05:29 PM
shazee

We are part of Ivan Pavlov's dog experiment.

When someone says " Hindenberg or European sovereign debt crisis," we become bearish. When someone says POMO days, everyone gets bullish. The debt did not accumulate over night and will not go away ever. We go to the top of the chanel and sell off, minor pull back.

I guess what is important is what the NEWS on Monday for market to go up 1204-1208 and drop to 1187. Buy low and sell high.

Have nice weekend all.









November 12th, 2010 07:19 PM
membar Hi All,

Looks like I missed the (anti-)party today.

I got similar numbers:

24.43 / 24.06
11.52 / 11.58

Still in FAS from 26.27. My $27 calls are down 84%. I always end up with the bag whenever I go long FAS.