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funny how Goldman came out after hours to refute anything being wrong or NO earnings warning to be specific......was unable to trade most of day yesterday but the late day BS move to screw shorts forced me to cover 1/2 but maintained 1/2overnite.that move really tagged weak shorts or newly...

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update...30 min wedge to previous post...

55/56 was a nice reaction point & i`m sure they`ll find a way to jam it up to 70......once they get clearance past 56.75.

gotcha.....

hope you`re not referring to me.........my "lemonade stand" does just fine.don`t make ass-umptions on people you know nothing about.....

i know what you mean in that respect......& they do run a responsible biz. but not almost a 50% haircut on leverage overnite ,that is unacceptable.no need to punish those whom can manage risk vs. those whom choose to whine because they can not.

so they punish the traders that know how to manage risk...unreal....they make no exceptions for anyone after getting off the phone with them....let the novices blow up their accounts just as i did when i started...that`s what the disclaimers are for in the fine print.to protect timber hill...

no need to peddle that junk ^ here.........

70/75 on the horizon?...30 min wedge says it`s likely if we stay range bound. with a pause/reaction at 55 pivot...wich is also the 50% fib from friday hi/today lo....so far. will need to trade above 55 with strength to get there.....if we do,i`d be looking for a hell of a ride down to 25 +.

feels like they`re getting ready to rip this thing ^.....& walk it up to the fed announcement.....difficult to find entry to work in conjunction with stop.

this from another thread........... As I write this, a friend of mine just emailed me the following: "The SP500 rally last night was apparently due to an error. A US house made a mistake and bought 5400 futures when they should have bought just 54 futures. This turned all long var players...

a little PPT mark up at the close for good measure.

42.25 was last sundays globex overnite lo.....

ditto......out at 53.50 & .75.............

the target is 1450.....calculating the 16 point range we broke from yesterday........i believe atticus` target was 49/50 as well... off of atticus`s sell from 71/72 early on....

bingo.....beautiful short term topping pattern.....i know i did`nt post it but i expected a move to 73/74...with a move over 76 most likely negates it. almost sorry i went to the pool to relax.

i really have no desire to trade today at all & is the last thing on my mind so it`s time to hit the bricks....better yet the pool....good weekend.

for the diamond watchers out there.....anytime you see a quick up down pattern like we see on the 10min....you can start looking for a build out of it`s parameters like we`re starting to see here. is this a prediction....NO...i don`t make predictions.....just OBSERVATIONS.....& should be...