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08/29/2011 Intraday Watering

Re: 08/29/2011 Intraday Watering

Postby heavenskrow » Mon Aug 29, 2011 2:32 pm

Oscar at Omni always says "Holiday Reversal"

Whatever trend prior to holiday(Labor Day weekend), traders leave to their homes and prices go reverse of prior trend.
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Re: 08/29/2011 Intraday Watering

Postby nasa1100 » Mon Aug 29, 2011 2:33 pm

nasa1100 wrote:Having a MAD again...

so, a confirmed bottom finally!
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Re: 08/29/2011 Intraday Watering

Postby heavenskrow » Mon Aug 29, 2011 2:36 pm

Today is awesome day!!!!!!!!! Break above key resistance, GO FUCKIN BULLLLLLLLLLS!
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Re: 08/29/2011 Intraday Watering

Postby varaamo » Mon Aug 29, 2011 2:37 pm

what is MAD? Sorry for my ignorance,
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Re: 08/29/2011 Intraday Watering

Postby BullBear52x » Mon Aug 29, 2011 2:37 pm

1212 there you go Uempel, Bulls marching in!!!!
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 08/29/2011 Intraday Watering

Postby Mongoose » Mon Aug 29, 2011 2:37 pm

Cobra - if SPY closed above its August 17 high of 121 and change, would that suggest a "rising wedge" you illustrated on the 26th? Would it also suggest a few more days of this rebound?
Last edited by Mongoose on Mon Aug 29, 2011 2:39 pm, edited 1 time in total.
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Re: 08/29/2011 Intraday Watering

Postby Al_Dente » Mon Aug 29, 2011 2:38 pm

Cobra wrote:I'll consider the target has been reached.


Cobra: perfect target, once again.
Thanks.
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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 2:38 pm

uempel wrote:Went short now :o (don't copy, this is high risk!)
SPX7.png


yes, could be a bear trap in the making

the markets sometime can climb a wall of worry
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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 2:41 pm

Mongoose wrote:Cobra - if SPY closed above its August 17 high of 121 and change, would that suggest a "rising wedge" you illustrated on the 26th? Would it also suggest a few more days of this rebound?


more rebound if close right here, and it's still could be Rising Wedge case unless we're up huge from here with no real pullback.

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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 2:41 pm

MajorEasy wrote:
uempel wrote:Went short now :o (don't copy, this is high risk!)
SPX7.png


good call!!!!
Thx for sharing



...NEVER short a dull market--- I have no reason to believe this was the top
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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 2:44 pm

first of all, the first Measured Move target (ZigZag) has been reached. I see a small Rising Wedge here but need see more, because it's very difficult to time when the wedge will breakdown.
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Re: 08/29/2011 Intraday Watering

Postby mac769 » Mon Aug 29, 2011 2:44 pm

AK84 wrote:
KENA wrote:IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.


Yup. I agree. Im short CMG , NFLX and GOOG (max pain is 545). all positions entered today.

AAPL is not moving either....which is a red flag to me even though im long and have a target of 397...im thinking of leaving 1 oct call on as a hedge for my shorts!

But I would love to see the maket caught with its PANTSSSSS DOWNNN!!! :lol: :lol:


I am sorry to disagree, but this sure sounds like a suicide tactic this early...

bears make money, bulls make money, but pigs get slaughtered
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Re: 08/29/2011 Intraday Watering

Postby Mongoose » Mon Aug 29, 2011 2:48 pm

Cobra - I have noticed too, 1206 is the Fibonnaci retracement level of 38.2% (between the high in July and the recent low). This is the 2nd attempt by the market. Is there any technical interpretation to this?
Last edited by Mongoose on Mon Aug 29, 2011 2:50 pm, edited 1 time in total.
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Re: 08/29/2011 Intraday Watering

Postby ddd » Mon Aug 29, 2011 2:50 pm

varaamo wrote:ddd,

just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?

Thanks

ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

Image


The built-in MACDHIstogramCrossover(8,21,9,EMA) as shown in the header. Only as references, I don't trade based on those signals along, as they cause trouble during consolidation / sideways.
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Re: 08/29/2011 Intraday Watering

Postby seeyou » Mon Aug 29, 2011 2:53 pm

Larger than normal call volume in ZSL .. a drop in Silver with more SPX upside ?
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Re: 08/29/2011 Intraday Watering

Postby rola » Mon Aug 29, 2011 2:54 pm

It looks today the law of gravity does not apply for US market, or does it?
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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 2:54 pm

Mongoose wrote:Cobra - I have noticed too, 1206 is the Fibonnaci retracement level of 38.2% (between the high in July and the recent low). This is the 2nd attempt by the market. Is there any technical interpretation to this?


If pullback from this level then it's resistance otherwise it's nothing, so not much implication.

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Re: 08/29/2011 Intraday Watering

Postby varaamo » Mon Aug 29, 2011 2:55 pm

If you don't mind, can you share your entry/exit strategy in intraday /TF?

Thanks in advance,
varaamo

ddd wrote:
varaamo wrote:ddd,

just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?

Thanks

ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

Image


The built-in MACDHIstogramCrossover(8,21,9,EMA) as shown in the header. Only as references, I don't trade based on those signals along, as they cause trouble during consolidation / sideways.
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Re: 08/29/2011 Intraday Watering

Postby heavenskrow » Mon Aug 29, 2011 3:00 pm

i think top is in for today
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Re: 08/29/2011 Intraday Watering

Postby Mongoose » Mon Aug 29, 2011 3:02 pm

thank you cobra
Last edited by Mongoose on Mon Aug 29, 2011 3:02 pm, edited 1 time in total.
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