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09/06/2011 Intraday Watering

09/06/2011 Intraday Watering

Postby Cobra » Tue Sep 06, 2011 9:01 am

Gap down below Friday's range so chances are the gap won't be filled. The Global ES is in clear downtrend so rarely the very first rebound would lead us to a bull market new high simply because "Yes We Can" said "Yes We Can". Instead, the blue below got tested twice, so chances for it to hold the 3rd time is a little bit lower. Let's see.
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Re: 09/06/2011 Intraday Watering

Postby biotrader » Tue Sep 06, 2011 9:07 am

What a weekend... good thing I sold most of my longs on Friday. Sit on hands for now.
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Re: 09/06/2011 Intraday Watering

Postby 99er » Tue Sep 06, 2011 9:14 am

Good Morning.

So honey...still thinking about Europe?
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_06.html

You mean something Alpine? Like Beef fondue?
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Re: 09/06/2011 Intraday Watering

Postby 99er » Tue Sep 06, 2011 9:16 am

Sounds good.
ES http://99ercharts.blogspot.com/2011/09/es_06.html

Do they serve it at the beach?
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Re: 09/06/2011 Intraday Watering

Postby agnosia » Tue Sep 06, 2011 9:17 am

hey all, back to work ! been a nice vacation.... i'm guessing this gap will get filled by the end of the week like the ones previous. using stop losses but i am swing long /cl from last night @ 83.5, targets 85.37 and 86.45 gaps. my stop is 82.89. good luck all.
Last edited by agnosia on Tue Sep 06, 2011 9:18 am, edited 1 time in total.
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Re: 09/06/2011 Intraday Watering

Postby cougar » Tue Sep 06, 2011 9:18 am

Good morning!
SPX: I lowered my support/target zone, for the near future, to 1145-1120.
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Re: 09/06/2011 Intraday Watering

Postby AK84 » Tue Sep 06, 2011 9:21 am

Good Morning Everyone!!

Hope you all enjoyed the long weekend! It was nice weather up here in New York City although today there are a lot of dark clouds in the sky ;)

I plan on covering my GOOG and NFLX puts today and will re-evaluate a little later in the day on what to do next. In my opinion, the sell off is just getting started but I need to lock in profits on my positions. I continue to Hold CMG and ANF puts and will not be covering these as yet.

I will be re-shorting on any bounce!

GLTA!!!!

PS. I am not seeing any stocks I monitor as long candidates and a lot of juicy looking shorts out there IMO that are JUST getting started!!
Last edited by AK84 on Tue Sep 06, 2011 9:23 am, edited 1 time in total.
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Re: 09/06/2011 Intraday Watering

Postby Mongoose » Tue Sep 06, 2011 9:21 am

Cobra, another great Market Outlook. Thanks.
Has there ever been any consideration of including with the TA the Inverse of the S&P500 -- NYSE:SH?
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Re: 09/06/2011 Intraday Watering

Postby BullTart » Tue Sep 06, 2011 9:26 am

Breakage about to happen... right before the open... gap-fill chances are dwindling here... definitely not looking good for the bulls.

Spec long play last Fri didn't work so closed it before the end of the cash session and opened up a long TVIX position. Added more to the long TVIX session during extended early morning hours today.

Keeping the rest is dry powder ready to be deployed based on today's action.
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Re: 09/06/2011 Intraday Watering

Postby 99er » Tue Sep 06, 2011 9:27 am

Hey honey...how do you like my new bikini?
EURCHF http://99ercharts.blogspot.com/2011/09/eurchf.html

Wow! I don't feel swissie.
Last edited by 99er on Tue Sep 06, 2011 3:29 pm, edited 1 time in total.
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Re: 09/06/2011 Intraday Watering

Postby Cobra » Tue Sep 06, 2011 9:28 am

Mongoose wrote:Cobra, another great Market Outlook. Thanks.
Has there ever been any consideration of including with the TA the Inverse of the S&P500 -- NYSE:SH?


Why SH? it decays like the other leveraged ETF. Simply look at long-term SH, you'll see why.
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Re: 09/06/2011 Intraday Watering

Postby Cobra » Tue Sep 06, 2011 9:31 am

the open. if not because of the long holiday, it'd would rebound a little at least as it's too stretched on the downside. Let's wait.
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Re: 09/06/2011 Intraday Watering

Postby agnosia » Tue Sep 06, 2011 9:33 am

bulls need to protect spx 1150 or lows will be retested.. we just lost it.
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Re: 09/06/2011 Intraday Watering

Postby Cobra » Tue Sep 06, 2011 9:34 am

not far from support area.
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Re: 09/06/2011 Intraday Watering

Postby 99er » Tue Sep 06, 2011 9:38 am

Not feeling "swissie"?
SPX http://99ercharts.blogspot.com/2011/09/spx_06.html

Does that mean I should start the car?
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Re: 09/06/2011 Intraday Watering

Postby HappyFriday » Tue Sep 06, 2011 9:39 am

<<<"Yes We Can" said "Yes We Can">>>. We trust and believe America !
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Re: 09/06/2011 Intraday Watering

Postby agnosia » Tue Sep 06, 2011 9:49 am

market being held up by IYR, the new spy manipulator ... bulls beware.
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Re: 09/06/2011 Intraday Watering

Postby Me XMan » Tue Sep 06, 2011 9:53 am

Stick the forks into this pig... :lol:
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Re: 09/06/2011 Intraday Watering

Postby uempel » Tue Sep 06, 2011 9:53 am

Bigger picture:
SPX2.png
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Re: 09/06/2011 Intraday Watering

Postby Mongoose » Tue Sep 06, 2011 9:59 am

Cobra wrote:
Mongoose wrote:Cobra, another great Market Outlook. Thanks.
Has there ever been any consideration of including with the TA the Inverse of the S&P500 -- NYSE:SH?


Why SH? it decays like the other leveraged ETF. Simply look at long-term SH, you'll see why.


Yes, I am aware of the decay, but thats because inverse funds dont short the underlying stock(s). By their nature they are ideal for short term trading not long term.
I was just curious of you ever use the inverse funds as a way of determining a turn in the market (as one of many tools).
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