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08/01/2011 Intraday Watering

newbie_77
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Re: 08/01/2011

Post by newbie_77 »

Cobra wrote:breakdown then consolidate below the breakdown point, no good.
good morning cobra,
that's no good for the bulls right :twisted: we are headed more down ? the third leg of selling?
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99er
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Re: 08/01/2011

Post by 99er »

BB52X: "people love to counter trade "

People love to speculate.
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Cobra
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Re: 08/01/2011

Post by Cobra »

newbie_77 wrote:
Cobra wrote:breakdown then consolidate below the breakdown point, no good.
good morning cobra,
that's no good for the bulls right :twisted: we are headed more down ? the third leg of selling?
Bearish Engulfing on SPY daily if we close right here, but interestingly statistically it's not bearish. More like a bounce tomorrow, then more dip then bottom in then up kind of pattern: http://cobrasmarketview.blogspot.com/20 ... arish.html

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biotrader
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Re: 08/01/2011

Post by biotrader »

We're very close to the trendline going back to March 2009... watch for a bounce here. If not, then look out below.
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Out of Bounds
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Re: 08/01/2011

Post by Out of Bounds »

Covered shorts - all cash. Neutral now.
...
HK88
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Re: 08/01/2011

Post by HK88 »

Daily RSI(2) was <1 when SPX is @1275
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Mr. BachNut
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Re: 08/01/2011

Post by Mr. BachNut »

ARMs Index at levels that often precede a bounce of some degree. FYI.
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HK88
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Re: 08/01/2011

Post by HK88 »

I have a FP of 81.91 on BGU at the open, do not know if it means anything...
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KENA
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Re: 08/01/2011

Post by KENA »

Something to watch, the SPX has been pushing the 10 mo MA of 1288.If the mkt breaks below this with some force the mkt could go dn more.This debt deal is a distraction and the mkt may have its own direction.Wait and see.
lumeipro
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Re: 08/01/2011

Post by lumeipro »

BullBear52x wrote:One thing amazed me in trading is that people love to counter trade so much, I try to rid that mentality but it is hard some times.
That depends on your trading model. counter trade is meant to go in and out quick with risk control. it's definitely not for everyone, but it can be good if speculation is one of your trading tools. :)
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Cobra
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Re: 08/01/2011

Post by Cobra »

5 min chart may be hard to say if today's low was in. the bigger picture is clear, the selling is not over yet. the rebound if any from here most likely is just to from a bear flag.
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99er
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Re: 08/01/2011

Post by 99er »

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99er
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Re: 08/01/2011

Post by 99er »

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soku
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Re: 08/01/2011

Post by soku »

soku wrote: no such tick BLWD. i will have BWLD for lunch.
there is one 3-4 miles away. i will do a field test and report back. ciao :D
me back. i don't like it. the wings are not as good as i expected. i have tried a lot of really good papa-mama places in upper state. this place aint no comparable.
market iss bounding. i see low 1280s as next stop
The goal is not uniformity. It is understanding and idea exchange.
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99er
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Re: 08/01/2011

Post by 99er »

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BullBear52x
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Re: 08/01/2011

Post by BullBear52x »

Looki here there is DT green shoot, but I am not buying it
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Cobra
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Re: 08/01/2011

Post by Cobra »

still look like a bear flag.
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KENA
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Re: 08/01/2011

Post by KENA »

I took out a small short position on the spy..Now watch everything will go up Ha.Wait and see.
lumeipro
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Re: 08/01/2011

Post by lumeipro »

cash out Qs call contracts. not liking the action so far. that's it for today.
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BullBear52x
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Re: 08/01/2011

Post by BullBear52x »

KENA wrote:I took out a small short position on the spy..Now watch everything will go up Ha.Wait and see.
Is that a KENA reading? KENA 30 or KENA 70 you use? :lol: see I am cool I can joke around. :)
My comments are for entertainment/educational purpose only. NOT a trade advice.
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