08/17/2011 Intraday Watering

[Petsamo]

SPY has a wedge on the 1 min chart.

[Cobra]

too bad, but I'll wait for a few bars before admitting a false breakout. anyway, close in red would be perfect for me.

[q2model]

too bad, but I'll wait for a few bars before admitting a false breakout. anyway, close in red would be perfect for me.

Why?

[heavenskrow]

now the small inverted H+S has turned into a bigger one

[v1stock.com]

tmv chart says down -buying 30y us t bonds, same as 1st leg down.

fxf good buy
gld i own but may get a chance to buy cheaper

[newbie_77]

is it time to short

[Cobra]

no matter how today closes, the chart pattern still looks missing one more push up either to higher high or lower high. the current rebound (green cycle) looks like a small bear flag, so may result in more push down, so the red dashed arrows are more likely, I guess.

[Cobra]

too bad, but I'll wait for a few bars before admitting a false breakout. anyway, close in red would be perfect for me.

Why?

will explain tonight. actually read last night report, you'll have why.

[wxtrader001]

too bad, but I'll wait for a few bars before admitting a false breakout. anyway, close in red would be perfect for me.

Why?

Close in red ,then CIS system can still hold short position ,it is safe in such down market i think！

[Me XMan]

Big gap down tomorrow? They haven't resolved EU stuff.
Rome maybe burning but no fire yet.

the bears are holding their ground. 2K block at 1192 on the DOM. seems that's the level they want to defend. i am shorting this flag

[AK84]

too bad, but I'll wait for a few bars before admitting a false breakout. anyway, close in red would be perfect for me.

Why?

Close in red ,then CIS system can still hold short position ,it is safe in such down market i think！

Cobra I thought CI would keep short position. Based on last nights report CI initiated short and was only going to initiate long if close above yday's high. SO a red close would still be short right ? Now im a bit confused. Sorryyyyy

[The Hook]

TVIX and VXX up big

[springheel_jack]

now the small inverted H+S has turned into a bigger one

Yes, this may develop very well for the bulls, who urgently need to recover 1200 ES. I'm liking the IHS setup here a lot.

[Cobra]

too bad, but I'll wait for a few bars before admitting a false breakout. anyway, close in red would be perfect for me.

Why?

Close in red ,then CIS system can still hold short position ,it is safe in such down market i think！

Cobra I thought CI would keep short position. Based on last nights report CI initiated short and was only going to initiate long if close above yday's high. SO a red close would still be short right ? Now im a bit confused. Sorryyyyy

higher high and close in green would be long. we had higher high so close green would make the system long.

but don't worry for the long if indeed, usually when i feel very bad about the system's position, that position is profitable while I feel very confident about the trade (such as yesterday's short), it more often than not goes wrong.

[Cobra]

H&S bottom still valid, barely though.

[newbie_77]

here comes the last 5 minutes of action

[Mr. T]

Paint the Tape!!!!

"Hack the Planet!!!!"

[agnosia]

staying short. see u guys tmrw.. gonna trade the after hours tonight

[Cobra]

well, guess that's it for today, not a perfect red close I'd like to see but well, that's the reality, so no argue or pretend not to see it. Thank you guys, I'll see you tomorrow.

[StrikePrice]

SPX up, VIX down, Bear Flag? It's anybody's guess for tomorrow. Lots of data...