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Sold 73.00..not going to hang around too long - on short leash.

 

Looking to scale 72.00 & 70.25... then hold balance B/E

Edited by roztom

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Any idea what's driving this? Higher unemployment, lower PPI..? :roll eyes:

 

Oh yeah, also heard talk of higher than expected China GDP which will be released tonight. Heard this about half hour ago or something I think.

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over my wire: "market talk of a large hedge fund covering a large short position on emini s&p" ... as usual, unconfirmed, just talk

 

One way or another, when the market drives like this from open, there usually has to be someone big in the market right?

 

Imho, you can probably ignore 90% of what comes over your squawk(esp if it's the one I think it is ;))

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Have gotten first scale & have reduced risk on package to 1 pt at new HOD... still strong up imho...

 

Edit: If not stopped, looking for next scale ahead of 50% retracement... :confused:

 

Out - 1pt..

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One way or another, when the market drives like this from open, there usually has to be someone big in the market right?

 

Imho, you can probably ignore 90% of what comes over your squawk(esp if it's the one I think it is ;))

 

I only pay attention to confirmed reports, I don't care about that other stuff really, just thought it was interesting.

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Have gotten first scale & have reduced risk on package to 1 pt at new HOD... still strong up imho...

 

Edit: If not stopped, looking for next scale ahead of 50% retracement... :confused:

 

Out - 1pt..

 

I might have been "dicked for a tick" :crap: Still I wanted to see more initial rotation but this is a tough train to step in front of...

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Reading an article on Google earnings later today, and read this:

 

"Google stunned Wall Street in January when it reported earnings that fell below consensus estimates.

No surprises are expected this time."

 

lol.. I think that by definition a surprise can't be expected.. :)

 

N, what squawk do you recommend since the one I listen to is, in your opinion, rather worthless?

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Reading an article on Google earnings later today, and read this:

 

"Google stunned Wall Street in January when it reported earnings that fell below consensus estimates.

No surprises are expected this time."

 

lol.. I think that by definition a surprise can't be expected.. :)

 

N, what squawk do you recommend since the one I listen to is, in your opinion, rather worthless?

 

It doesn't matter so long as you get your releases instantly and any big news. You have to do the filtering yourself though for what is useful.

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coming up to the half hour mark, if we were to attempt the 77.25 vpoc shift again, it would also be challenging the one-timeframing.

 

On another note, Nomura offices @world financial centre in NYC have been evacutated. Suspicious package apparently.

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coming up to the half hour mark, if we were to attempt the 77.25 vpoc shift again, it would also be challenging the one-timeframing.

 

On another note, Nomura offices @world financial centre in NYC have been evacutated. Suspicious package apparently.

 

shift has now been achieved........

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There's definitely a chance that we'll get to that 92.50 area today even at this rate if there is no let up from buying. I didn't think it was going to be on today in fairness, but it just feels like it's gonna push and push. I'm not saying I think it will do that btw. Just that we shouldn't be shocked if it does.

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This is like watching Led Zepplin: "Stairway To Heaven."

 

Yes...nice stairway for sure....especially since I've been on the "highway to hell" the last few days...

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