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  • Justin M. Hall
    10/19/12 2:06P ET: { Heads Up } DIA tested its 50-day MA this afternoon. At this level, I'm looking for DIA to rebound. Keep an eye on BAC.
    10/19/12
    Reply (43)
    • jdub2788: Maybe its the eternal bear in me, but i see lots more downside to come.
      10/19/12
    • Justin M. Hall: Stocks & indexes tend to get a little crazy on options expiration days. That said, I don't own a crystal ball. You could be right.
      10/19/12
    • jdub2788: i have a magic 8 ball, and its sez so!
      10/19/12
    • Master Che: I'm looking for straight down to 13074.00 (DJ-30) until this level or near it I don't see any viable support
      10/19/12
    • Justin M. Hall: Che, I like your thinking. If DIA falls below $132 and change, then shares are likely to touch down at $130.
      10/19/12
    • Master Che: Clearly BAC is a bright spot today - a haven - but it must hold 9.48 otherwise down to 8.50 which is a potential bounce level
      10/19/12
    • Justin M. Hall: I've got a Magic 8-Ball too. [shake...shake] Here we go. It reads, don't jump the gun just yet; DIA could bounce on Monday 10/22/12. :-)
      10/19/12
    • Justin M. Hall: We shall see Che. I bet you're wrong again. You seem to lack flexibility. Your trading strategy is way to rigid for me and most I know.
      10/19/12
    • Justin M. Hall: I'm not knocking on you, but I presume you are still relatively new to investing / trading.
      10/19/12
    • Justin M. Hall: Rigidity, impatience, and being overly confident about yourself or a particular strategy is not a recipe for success.
      10/19/12
    • Justin M. Hall: I think if you're a little more flexible and patient with positions, the results of your trades could improve dramatically.
      10/19/12
    • Master Che: Yep quite new since 1977 - on a professional paid basis until now
      10/19/12
    • Justin M. Hall: Regarding BAC, step back and look at the bigger picture. It's highly unlikely that BAC will touch $8.50 anytime soon.
      10/19/12
    • Master Che: right now looking at and been on the phone with a previous client (bank)
      10/19/12
    • Master Che: the bounce from 9.30 should have already broken out to the upside - 9.30 is a super key support pivot - it should be near 9.70 right now
      10/19/12
    • Master Che: on the way up to 9.90 - instead its stuck in the mud - it must close above 9.48 otherwise down to 8.50
      10/19/12
    • Master Che: correction down to 9.00 not 8.50 sorry
      10/19/12
    • Master Che: my mistake 9.00 or 9.90 is the move right now
      10/19/12
    • Master Che: it needs to close at or above 9.43 to keep the move up to 9.90 alive
      10/19/12
    • Justin M. Hall: Che, that makes more sense. Thanks for the clarification.
      10/19/12
    • Master Che: sorry - the 10/9 and 10/12 lows and at 9.30 we got long - and plan to take profit at 9.85 - right now the banks are the safe haven -
      10/19/12
    • Master Che: that's the purpose of QE3 - no
      10/19/12
    • Master Che: in the event it appears we close below 9.43 I want to take profit on a portion - but so near the close and they are large positions
      10/19/12
    • Buddaus: Lets see where we close, trying to go positive here BAC
      10/19/12
    • Master Che: at 3:15EST we developed a very bullish intra day pattern - it should of reached 9.51 - reached 9.49
      10/19/12
    • Buddaus: Look at the perfect ascending triangle it formed over last few weeks. next week should break out.
      10/19/12
    • Master Che: at 9.48 dropped a load
      10/19/12
    • Buddaus: uptrend intack, we go higher next week
      10/19/12
    • Master Che: Our trade is a swing - and its not doing what I had been expecting - its missing on all the up moves - no question about it the bright spot
      10/19/12
    • Master Che: in a down market - but our swing is a very large trade - took profit on 25% of the position at 9.48 - a marginally bullish close
      10/19/12
    • joe kelly: Been watching Master Che about a week. If ATRS goes to 3.43 as he said I will be a believer. I know Justin better and trust him.
      10/19/12
    • joe kelly: Not that I'm buying bac as I agree with many a big drop for everything is on the horizon.
      10/19/12
    • Master Che: ATRS clearly reaches 3.43 - it also eventually trades lower
      10/19/12
    • joe kelly: Glad i got out of it. ATRS that is. Loaded up on INO.
      10/19/12
    • Buddaus: Breakout day tomorrow!
      10/21/12
    • Buddaus: Something is gotta give with BAC soon... perfect triangle
      10/21/12
    • Justin M. Hall: Quoting my friend Justin Timberlake, " I'm bringin' sexy back. "
      10/21/12
    • Buddaus: Should be a good week!
      10/21/12
    • Justin M. Hall: While the major index futures are up right now, hard to say how Monday will play out. But you may be right. We could have a good week.
      10/21/12
    • Buddaus: Something has to give with the chart..
      10/21/12
    • Justin M. Hall: Relax B. Patience my friend. You will do just fine.
      10/21/12
    • Master Che: Justin - see where the DJ-30 reached today - look above to my call
      10/23/12
    • Justin M. Hall: Che, nice call my friend! :-) I'm paying attention.
      10/24/12