09/27/2011 Intraday Watering

[ultramarine]

SLV testing gap of 9/23
FCX filled gap this morn
GLD/DGP has a way to go to reach gap

What's interesting about that 9/23 gap is that its a little above to the 8/8 gap on the way up for GLD. People who bought GLD on the blow off move higher at 165 may seek an easy exit if it returns to those levels.

[soku]

greece default? merkel said cannot be ruled out. eur/usd is getting weak

[Cobra]

too stretched and ChiOsc too high. in a strong trend, those don't matter of course, so we'll have to wait and see.

[Mongoose]

EIB not involved in any bailout w EFSF

http://www.reuters.com/article/2011/09/ ... 0420110927

[Petsamo]

RIMM is excited.

[Al_Dente]

SLV testing gap of 9/23
FCX filled gap this morn
GLD/DGP has a way to go to reach gap

What's interesting about that 9/23 gap is that its a little above to the 8/8 gap on the way up for GLD. People who bought GLD on the blow off move higher at 165 may seek an easy exit if it returns to those levels.

Thanks ultra; we r on same page
But I never underestimate those gold bugs; they like to hold till armageddon
Maybe “this time is different”
So many gaps to fill, so much time

[soku]

greece default? merkel said cannot be ruled out. eur/usd is getting weak

brazil is preparing for greek default this week, per ZH
http://www.zerohedge.com/news/brazil-go ... or-reports

[ukarlewitz]

Cobra
What is you preferred setting on ChiOsc?
Thanks you,

[Mongoose]

I once innocently told my wife that her ChiOsc was way too high once. The aftermath of that episode is way too graphic to publish here.

[Cobra]

Cobra
What is you preferred setting on ChiOsc?
Thanks you,

default which is ChiOsc(3, 10)

[Cobra]

Hi Cobra,

What is your target for this up move?

Thanks,

Lumeipro

given. see my other post.

[Cobra]

OR, let's wait for the real breakout, more likely on the upside.

[BullBear52x]

We are struck on the old fav line in the sand, also Island reversal to note also.

[AK84]

Buy TZA
Sitting on confluence of 20 and 50 dma on Daily

[BullBear52x]

Anything under 119 is a sell at this juncture, above 119....second mortgage your home and buy

[silicon_beaver]

Anything under 119 is a sell at this juncture, above 119....second mortgage your home and buy

you don't have to wait "119" to second mortgage your home. It's already 2.5%. cannot be lower.

[Mongoose]

Anything under 119 is a sell at this juncture, above 119....second mortgage your home and buy

you don't have to wait "119" to second mortgage your home. It's already 2.5%. cannot be lower.

And if there is any equity in the house. . .

[Cobra]

still looks like it wants to breakout.

[Mr. BachNut]

Short is trapped. Did add to position to average price up, now SPY 116.43. Total position has been kept on the small side.
Will generate a small profit if gap to yesterday's close ever gets closed and a big profit if there is a move to new lows.
Bad news is that this bounce much higher than it should have been, which puts thesis in serious doubt.
Of particular concern is that NYA and certain other indexes hit lower low with positive divergences. So, there is an arguement for a double bottom having been made even though S&P didn't make one.
Will not be adding further to position. Have stop near last weeks highs but may tighten that if market action dictates.
Gulp.

[silicon_beaver]

Not my day.
Within last hour, it's in rectangular range. If BEN plans to push up at last hour of day, he should give us a chance to buy dip or I have to stay sideline.
My FAS all closed yesterday.
Only position is silver, loaded when it dip and I will hold it until I find a new target.