08/30/2011 Intraday Watering

uempel · Post by **uempel** » Tue Aug 30, 2011 10:39 am

Michelle wrote:That's an interesting chart, Uempel.

Copper is strong this morning.

Thanks for the reminder Michelle. But if I look at the chart neither cu nor SPX look bullish. Any thoughts?

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 10:49 am

new LOD will indicate bears mean business. let's go bears!

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 10:54 am

my magic market tells me that Transportation doesn't ready to fall just yet maybe a minute or two?

tick tock tick tock

KENA · Post by **KENA** » Tue Aug 30, 2011 10:55 am

I'm out of GMCR shorts first thing this morn.It opened in the red this morn but the trend was pushing up.At this time I have no positions.If I do add I will buy some put/calls for protection for swing trades.

uempel · Post by **uempel** » Tue Aug 30, 2011 10:58 am

Yesterday at this time SPX was at the same spot. It's boring and I'm off for a few hours

shumushu · Post by **shumushu** » Tue Aug 30, 2011 11:01 am

pennant on the 5minute S&P

grachu · Post by **grachu** » Tue Aug 30, 2011 11:02 am

cobra, you said that one thing would change your mind that we are not retesting the 8-09 lows is that we go up and up and up
what are your thouhts today. you think we are retesting the lows... ? this week ? this month?

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 11:04 am

uempel wrote:Yesterday at this time SPX was at the same spot. It's boring and I'm off for a few hours
RedEllipse.png

I am thinking of taking some time off for few days here too. spend some times in the wild may not be a bad idea.

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 11:07 am

a trade above 120.94 is a continuation buy in my little book.

jarbo456 · Post by **jarbo456** » Tue Aug 30, 2011 11:10 am

BullBear52x wrote:
uempel wrote:Yesterday at this time SPX was at the same spot. It's boring and I'm off for a few hours
RedEllipse.png
I am thinking of taking some time off for few days here too. spend some times in the wild may not be a bad idea.

bullbear, you're my bearish lifeline. trapped in these shorts, and it looks like the bulls will take this market up, even if the volume reads like the market is half dead. lol

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 11:10 am

what hold up the market? Tranny, you hear me? I am speking through a microphone!

yes, I am bored.

heavenskrow · Post by **heavenskrow** » Tue Aug 30, 2011 11:14 am

GO BULLS!! EXACTLY WHAT COBRA SAID: VOLUME DOES NOT MATTER ANY MORE!!!
Volume may be important for climax sells, but do you remember the rally from September 2010? There was hardly any volume but it went all the way!!
PRICE IS WHAT MATTERS FOOOO

Al_Dente · Post by **Al_Dente** » Tue Aug 30, 2011 11:16 am

Cobra: yesterday reports show the highest short interest level since June ’10, and the highest % increase in SI since the Mar ’09 lows.

Any guesstimate where the “pros” would place their buy stop/short cover orders? 122.50…123…or ?

If we are going to test/break the highs, we could see a monster squeeze.

Post by **Cobra** » Tue Aug 30, 2011 11:21 am

grachu wrote:cobra, you said that one thing would change your mind that we are not retesting the 8-09 lows is that we go up and up and up
what are your thouhts today. you think we are retesting the lows... ? this week ? this month?

Market wants to go higher.

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 11:23 am

what a mess, triangle now?

heavenskrow · Post by **heavenskrow** » Tue Aug 30, 2011 11:24 am

my target level is 123 on Spy. Both the diamond reversal and Inverted H+S pattern from Fed meeting points to 123.
Then once it reaches target, depending on resistance and indicators, take my profits and dont be greedy... Of course Im in UPRO but watching Spy.

BullBear52x · Post by **BullBear52x** » Tue Aug 30, 2011 11:29 am

can't fight them join them

KENA · Post by **KENA** » Tue Aug 30, 2011 11:34 am

Ya but I am not quite ready to go long yet.

jarbo456 · Post by **jarbo456** » Tue Aug 30, 2011 11:36 am

BullBear52x wrote:can't fight them join them

we're on the same rhythm...

it's obvious that the bears have little will to defend. just took half my shorts off and reversed to build into longs.

jarbo456 · Post by **jarbo456** » Tue Aug 30, 2011 11:38 am

anyone with an idea why aapl is lagging as much as it is for the past two days?

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08/30/2011 Intraday Watering

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