07/26/2011 Intraday Watering

[Tabby]

$RUT is down almost 0.54% and TNA is down by almost 2.0%. We are dealing 4x etfs now.

if you hold TZA you would not care right? hahahaaaaa

See you guys, Thanks to all especially Laoda Cobra ( I don't know what laoda means, hope it's not negative )

You don't know Direxion really well.
Have a nice day.

[alandon]

no. will day trade only. and even day trade, i will trade only trend day, not the day like today. see, i'm very consecutive. it's my good and my bad, otherwise I'd pretty much at one famous beach now or already bankrupted. [/quote]

That's good though. My hand is just a bit itch since I'm current holding nothing.

[Cobra]

Looking bearish, fellas.

when earthquake, hide beneath chair won't save you. you have to lay besides your mattress.

[Cobra]

volume surge, I see rebound of some kind here. guess that's it for today.

[ysc]

wow, based on this chart, and if the lines are correct, then the big move will come soon and tommorrow will be a big day, the range became so tight now

can you give a hit the direction of the move? Thanks.

I don't know, specially the market is telling us that this news is big and forex market ( they are most of the time correct not always ) telling us that the move is up , I am long EUR days ago and Dow but I have my stops and I can quickly reverse based on my strategy and pattern if my signal flashed sell, I also know how much I will gain or loss ( monye management ) but so far it will be for me 99.99999 % win trade based on my strategy.

Thanks.

[nikman]

a little measured move on a little bigger picture. I'm not saying will reach there, i have no idea about the market now, just to share some info.

But you have had couple of signals that are very reliable top signals (last night's report) and then a day like this where the market is clearly struggling. The news from washington is exactly what everyone expected (deadlock), so nothing new there either.

[Cobra]

volume surge, still see rebound and since the market is about to close, so guess that's it for today.

[Cobra]

wow, nobody wants to hold overnight, it's actually not bad. if everyone are confident that the debt ceiling deal will be reached and the market shall up and up and up, then we're really in trouble. but since the market is very cautious, so guess, it's actually not that bad.

[hiram]

i am loooking for impulse move down on tomorrow gdp heading into debt then reversal which begins 3-4 mth rally or usa downgraded shortly after debt ceiling raised which reverses broad market move up and sends gold silver flying heading into year end. but like cobra i only trade trend unless i feel like gambling with the change in my pocket... so the above is just a musing while starring out the window of my office....

[Dow Trader]

Cobra, I am holding overnight

[Cobra]

well, guess that's if for today. I have no idea what the market is heading. purely according to all the outlooks I've given recently, the direction should be on the downside for the short-term at least, but you have to ask yourself whether you believe or not. If most of you do believe, then chances are good that I'm totally wrong. Thank you guys, I'll see you tomorrow.

[Cobra]

Cobra, I am holding overnight

well, good luck! see you tomorrow!

[Tabby]

no one mentioned the old mighty NFLX

LVS and AMZN up after hours. 216 companies reports earning tomorrow and 285 companies on 7/28. Bring your breanner with you.