07/21/2011 Intraday Watering

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 10:32 am

can they do it ?

Post by **Cobra** » Thu Jul 21, 2011 10:34 am

still a little shy of the target, but given the strong start we had, should be no problem, I guess. Bears don't fight.

Mr. T · Post by **Mr. T** » Thu Jul 21, 2011 10:35 am

Dow Trader wrote:can they do it ?

Answer: "Yes We Can?"

More Important question: "How"

More Important Answer: "Manip"

99er · Post by **99er** » Thu Jul 21, 2011 10:35 am

Honey...surfing today?
SPX http://99ercharts.blogspot.com/2011/07/spx_5207.html
Sure. A last hurrah.

alvian33 · Post by **alvian33** » Thu Jul 21, 2011 10:35 am

cobra, you still hold your trapped short? this market is crazy, it went up then back down, now it did not retest the lows is flying up, its a casino this days

soku · Post by **soku** » Thu Jul 21, 2011 10:36 am

es need a pullback. maybe to 1334-1335 area.
am i short it? no

agnosia · Post by **agnosia** » Thu Jul 21, 2011 10:39 am

it still baffles me that some of you guys are bears.... lol. yes we are headed to 1400+, maybe not in a straight line but we will get there. this is one of my favorite trading quotes-

"Retail traders like to do one thing more than anything else: They like to sell things that are going up and buy things that are going down."

Post by **Cobra** » Thu Jul 21, 2011 10:40 am

well, I don't mean bear, but this last hourly bar looks like an exhaustion bar to me. so could be a pullback of some kind here.

KENA · Post by **KENA** » Thu Jul 21, 2011 10:41 am

soku wrote:i think there could be some minor correction ahead. it is still trending up.
kena, check entg, what's going on?

They had a good ER report this morning but they lowered there 3 qtr a little..Sold off and now coming back.I guess onthis one wait and see.

Post by **Cobra** » Thu Jul 21, 2011 10:42 am

alvian33 wrote:cobra, you still hold your trapped short? this market is crazy, it went up then back down, now it did not retest the lows is flying up, its a casino this days

yes, still hold, I simply add into the winning side, so just treat the losing side as the hedge.

Mr. T · Post by **Mr. T** » Thu Jul 21, 2011 10:45 am

agnosia wrote:it still baffles me that some of you guys are bears.... lol. yes we are headed to 1400+, maybe not in a straight line but we will get there. this is one of my favorite trading quotes-

"Retail traders like to do one thing more than anything else: They like to sell things that are going up and buy things that are going down."

I'll have to write that down = excellent one liner.

99er · Post by **99er** » Thu Jul 21, 2011 10:52 am

Ankle strapped?
SPX http://99ercharts.blogspot.com/2011/07/spx_8176.html
Bikini on tight?

luckystar2006 · Post by **luckystar2006** » Thu Jul 21, 2011 11:06 am

Still holding my short position painfully since beginning of July for short-term play. Below chart showing # of new highs aren't confirming with today rally.

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 11:08 am

Now showing the daily chart for the leader since Mar,09 low

shumushu · Post by **shumushu** » Thu Jul 21, 2011 11:16 am

no comments on the forums. Bears dead? I shorted /NQ at 2412.5, very low risk trade. NDX this morning hit the upper multi-month resistance.

Post by **Cobra** » Thu Jul 21, 2011 11:20 am

pullback as I said. Let's see if it can hit EMA20 blue line where bulls may find the 2nd chance to load.

agnosia · Post by **agnosia** » Thu Jul 21, 2011 11:21 am

Dow Trader wrote:Now showing the daily chart for the leader since Mar,09 low

not sure why it's up today , china PMI flashed contraction last night. /cl sold off into that news as well...

luckystar2006 · Post by **luckystar2006** » Thu Jul 21, 2011 11:25 am

agnosia wrote:
Dow Trader wrote:Now showing the daily chart for the leader since Mar,09 low
not sure why it's up today , china PMI flashed contraction last night. /cl sold off into that news as well...

YANG (3x Bull China ETF) is lagging tremendously today with < 1% of gain comparing to others.

tomsky · Post by **tomsky** » Thu Jul 21, 2011 11:27 am

hello everyone.
Bull flag forming? If it is, watch for breakout.
I'm not sure it's ok to be short, higher lows, the up trend slope is almost vertical. We will have a pullback, but till then...

agnosia · Post by **agnosia** » Thu Jul 21, 2011 11:29 am

luckystar2006 wrote:
YANG (3x Bull China ETF) is lagging tremendously today with < 1% of gain comparing to others.

interesting. i suppose the aussie dollar is still a safer bet than the dollar or euro..

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07/21/2011 Intraday Watering

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