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06/02/2011 Intraday Watering

alvian33
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Re: 06/02/2011 Intraday Watering

Post by alvian33 »

I doubt we go much lower today, may be few more points....
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Mr. T
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Re: 06/02/2011 Intraday Watering

Post by Mr. T »

Oops, Brain fart: What I'm I agreeing too???

1325

Wow, is it Friday yet? I need a weekend.
-T

"Treat Your Mother Right!!!!"
Tabby
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 06/02/2011 Intraday Watering

Post by Tabby »

alvian33 wrote:I doubt we go much lower today, may be few more points....
Cobra,
is it necessary for us to retest 1305.xx again before uptrending or not?
uempel
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Re: 06/02/2011 Intraday Watering

Post by uempel »

99er wrote:Mr. T: "uempel's right: 1235"

Gee...and I thought I was bearish.
To get it right, I don't have a short position and I'm now waiting to see if SPX manages to climb back above a) 1317 and b) the hourly 33 MA which is approx. at 1330... And the target 1235 I mentioned is the target if this H&S gets triggered...
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KENA
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Re: 06/02/2011 Intraday Watering

Post by KENA »

99er wrote:Mr. T: "uempel's right: 1235"

Gee...and I thought I was bearish.

Yes but lets get thru the 1300 area. We have very strong support/restance and we may have a hugh amount of dippers in this area and could lead to a fair up move.Lets see.
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99er
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Re: 06/02/2011 Intraday Watering

Post by 99er »

uempel: "And the target 1235 I mentioned is the target if this H&S gets triggered..."

Thanks for catching that. It's actually an impressive find!
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Mr. BachNut
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Re: 06/02/2011 Intraday Watering

Post by Mr. BachNut »

At the moment it is a down day. Stocks are down. The long bond is down. The dollar is down. VIX is down. :shock:
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Cobra
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Re: 06/02/2011 Intraday Watering

Post by Cobra »

Tabby wrote:
alvian33 wrote:I doubt we go much lower today, may be few more points....
Cobra,
is it necessary for us to retest 1305.xx again before uptrending or not?
I think I've answered the same question: no, it's not necessary, already did back test, not 3rd touch is ok.

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Me XMan
Posts: 2014
Joined: Thu Feb 17, 2011 12:01 pm

Re: 06/02/2011 Intraday Watering

Post by Me XMan »

The margin accounts out there is huge. Watch when margin calls coming in. Should be very interesting.
Unless Uncle Benny starting QE3 very soon...otherwise market is slowly bleeding away.
KENA wrote:
99er wrote:Mr. T: "uempel's right: 1235"

Gee...and I thought I was bearish.

Yes but lets get thru the 1300 area. We have very strong support/restance and we may have a hugh amount of dippers in this area and could lead to a fair up move.Lets see.
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 06/02/2011 Intraday Watering

Post by cougar »

A strange Kabuki Drama is now enacted by Moody, the Congress and the White House.
The Market dances accordingly!
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99er
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Re: 06/02/2011 Intraday Watering

Post by 99er »

cougar: "A strange Kabuki Drama is now enacted"

I prefer Noh...silent actors!
cougar
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Re: 06/02/2011 Intraday Watering

Post by cougar »

LOL 99er!
StrikePrice
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Re: 06/02/2011 Intraday Watering

Post by StrikePrice »

Big Bear paw to the face!

Can Bulls recover? The pattern is looking like 5/25 again...charting it now.
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99er
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Re: 06/02/2011 Intraday Watering

Post by 99er »

ES
A closer look at that Bear Flag.
http://99ercharts.blogspot.com/2011/06/es_6612.html
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soku
Posts: 1893
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Re: 06/02/2011 Intraday Watering

Post by soku »

Mr. T wrote:Yoku,

Those bears tried to make my gold chains!!! I sold them some gold colored chains at a premium...... the foo's!

You still long? Still kissing?
yo t,
considering the super long process to change name, i guess i will be soku for a little bit longer than expected. :D
this week is a perfect trader's market. swings are clean and clear and fast. i exit at 1315.25. plan to add some around 1310-1311.
The goal is not uniformity. It is understanding and idea exchange.
Tabby
Posts: 924
Joined: Tue Feb 15, 2011 5:09 pm

Re: 06/02/2011 Intraday Watering

Post by Tabby »

soku wrote:
Mr. T wrote:Yoku,

Those bears tried to make my gold chains!!! I sold them some gold colored chains at a premium...... the foo's!

You still long? Still kissing?
yo t,
considering the super long process to change name, i guess i will be soku for a little bit longer than expected. :D
this week is a perfect trader's market. swings are clean and clear and fast. i exit at 1315.25. plan to add some around 1310-1311.
Soku,
You should've been Yoku today b/c it was up $2.71. I've been watching Dang and Yoku evreyday.
cletus
Posts: 1445
Joined: Wed Feb 16, 2011 10:45 am

Re: 06/02/2011 Intraday Watering

Post by cletus »

Here is an update on oil. It is moving along the projected path well but here is where I become neutral on it. You can clearly see a triangle or even a possible head & shoulders bottom on it. I can't discount anything here so I'm out of my short. Actually, I got out yesterday a bit too soon, but not regretting it. Look at that reversal. Just be careful if you're short crude. Wait for this path to take shape.
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StrikePrice
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Re: 06/02/2011 Intraday Watering

Post by StrikePrice »

Key minutes going into 3pm. Why way will it break?
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SPY_5min_62.png
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soku
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Re: 06/02/2011 Intraday Watering

Post by soku »

Tabby wrote:
Soku,
You should've been Yoku today b/c it was up $2.71. I've been watching Dang and Yoku evreyday.
lol can u guess why my id was yoku?
and i think u know soku is yoku's new product, right? :D
The goal is not uniformity. It is understanding and idea exchange.
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Cobra
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Re: 06/02/2011 Intraday Watering

Post by Cobra »

nothing to say. new channel but the bigger picture, this is a bear flag - just as bears wanted. :mrgreen:
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