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08/29/2011 Intraday Watering

08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 9:03 am

Gap up above Friday's range so chances are the gap won't be filled, I'm not sure because now ES is testing the previous high, since anytime the retest happens, there's a chances for reversal so we need wait and see.
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Re: 08/29/2011 Intraday Watering

Postby simpletrader » Mon Aug 29, 2011 9:09 am

overnight market is pretty strong, almost no dip at all. Don't know if it is good or bad sign. Wait for regular hour to open
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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 9:17 am

Good morning,

Looks pretty bullish so far

http://imageshack.us/photo/my-images/84/captureadh.png/
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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 9:33 am

the open and I think there should be a pullback of some kind, don't think it'll shoot up from here.
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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 9:39 am

Many people were lucky, but some got caught on the wrong foot this morning..
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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 9:42 am

again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.
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Re: 08/29/2011 Intraday Watering

Postby soku » Mon Aug 29, 2011 9:45 am

morning gang.
1200 overhead res. most of my indicators showing topped, except price (again). es need to revisit 1180 area to verify the b-o
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Re: 08/29/2011 Intraday Watering

Postby BullBear52x » Mon Aug 29, 2011 9:51 am

Cobra wrote:again, I'd be very surprised if the market could up huge here without taking a breath, that'd be like no gravity at all. we'll see.

GM, the message is DT selling here right? I still hold under water short etfs, so long <120ish bears still got a chance to get out with less pain will see the day is young.
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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 9:52 am

sometimes things can defy gravity :)

although only for a short time...
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Re: 08/29/2011 Intraday Watering

Postby AK84 » Mon Aug 29, 2011 9:54 am

Morning all . C&H target met on PCLN from Friday.
Exited my call for a sweet 20% gain! Long PCLN again above 516.53
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Re: 08/29/2011 Intraday Watering

Postby BullBear52x » Mon Aug 29, 2011 9:55 am

bears last stand, a penny away from screaming buy.
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Re: 08/29/2011 Intraday Watering

Postby uempel » Mon Aug 29, 2011 9:57 am

Resistance at 1195. I'd love to see a crazy intraday pop up to 1212 (some kind of bull-trap) and to short that, but some guys are already selling at 1195. You Cobra? Or is it Mr. Bear himself, the 99er?
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Re: 08/29/2011 Intraday Watering

Postby rocstocktrader » Mon Aug 29, 2011 9:59 am

Nasdaq gapped open and closed the gap down to 2,488 and created a gap up to 2,486. Maybe this one does not get closed since the range is so tight. rocstocktrader.webs.com
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Re: 08/29/2011 Intraday Watering

Postby uempel » Mon Aug 29, 2011 9:59 am

BullBear52x wrote:bears last stand, a penny away from screaming buy.


Don't think 1212 can be cracked...
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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 10:00 am

Resistance taken out, but looks a bit toppish from here..

http://img687.imageshack.us/img687/2370/capturefus.png
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Re: 08/29/2011 Intraday Watering

Postby silicon_beaver » Mon Aug 29, 2011 10:04 am

Exit with green. agree with Cobra, "surprised if the market could up huge here without taking a breath, that'd be like no gravity at all."
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Re: 08/29/2011 Intraday Watering

Postby BullBear52x » Mon Aug 29, 2011 10:06 am

uempel wrote:
BullBear52x wrote:bears last stand, a penny away from screaming buy.


Don't think 1212 can be cracked...

DBV is strong, lot of cash since ECB intervention and now I heard BOJ is also involve in helping hand, China is not happy about this any more. currencies war is on. I hope you're right on 1212 resistance since I am on the sell side (shaky bear :shock: )
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Re: 08/29/2011 Intraday Watering

Postby Petsamo » Mon Aug 29, 2011 10:08 am

The Dallas Fed Mfg Survey seems underestimated at -0.6. Actual numbers come out at 10:30.
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Re: 08/29/2011 Intraday Watering

Postby uempel » Mon Aug 29, 2011 10:11 am

A look at the 60 min:
SPX3.png
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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 10:11 am

consolidation instead of a pullback is good, more likely to breakout eventually, let's see.
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