09/07/2011 Intraday Watering

ramram · Post by **ramram** » Wed Sep 07, 2011 2:50 pm

I have sold all my longs today

ramram · Post by **ramram** » Wed Sep 07, 2011 2:51 pm

I do have to say this market is strange if we are heading down hard? Why would gold and bonds sell off so hard?

frankthetank · Post by **frankthetank** » Wed Sep 07, 2011 2:52 pm

Question should be anyone going long here??

frankthetank · Post by **frankthetank** » Wed Sep 07, 2011 2:53 pm

WHats up with all little candles today. This was a slow trending day up.

ramram · Post by **ramram** » Wed Sep 07, 2011 2:55 pm

Only long EMLC

agnosia · Post by **agnosia** » Wed Sep 07, 2011 2:56 pm

frankthetank wrote:Nice chart agnosia. I would have to think tomorrow is big time down day. We've moved 65 points straight up without any retractement. Oscillators stoch, rsi and macd all overbought all day today. I'm not saying we can't go up but straight up is ridiculous unless were going straight down

I have no idea about tmrw, all i know is today everything in the world is somehow ok again (???) and everyone should be buying... lol. last couple of months i cash out end of day.

99er · Post by **99er** » Wed Sep 07, 2011 2:57 pm

Honey...
SPX http://99ercharts.blogspot.com/2011/09/spx_2386.html

Ankle strapped in?

Watch this wave!

ddd · Post by **ddd** » Wed Sep 07, 2011 2:58 pm

I'm holding my /ES longs, only tightening the stops.

ramram · Post by **ramram** » Wed Sep 07, 2011 3:01 pm

keep them real tight.

Post by **Cobra** » Wed Sep 07, 2011 3:03 pm

retailers are very bullish and Uempel is shorting. interesting.

silicon_beaver · Post by **silicon_beaver** » Wed Sep 07, 2011 3:03 pm

ddd wrote:I'm holding my /ES longs, only tightening the stops.

2% stop-loss?

BullBear52x · Post by **BullBear52x** » Wed Sep 07, 2011 3:04 pm

If you are trend follower, you should hold some long over night.

since I missed the long entry I will just hold out. still hold on my swing short position since last week, so I am bear I guess.

ddd · Post by **ddd** » Wed Sep 07, 2011 3:04 pm

As long as the volume breadth keep on trending up, no sell.

By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

KENA · Post by **KENA** » Wed Sep 07, 2011 3:04 pm

Cobra wrote:retailers are very bullish and Uempel is shorting. interesting.

Maybe to bullish??

Sleeperz · Post by **Sleeperz** » Wed Sep 07, 2011 3:06 pm

Obama is going to talk about his $300B job creation plan tomorrow. But the street knows about it already maybe not the fine details.. So buy on mystery sell on history.

mac769 · Post by **mac769** » Wed Sep 07, 2011 3:06 pm

frankthetank wrote:Question should be anyone going long here??

frankly told, you need to be a very brave soul to even think of going long here...

but who knows what happens in the last hour of trading

Unique · Post by **Unique** » Wed Sep 07, 2011 3:08 pm

Obama speech is at 7PM est.

Rising wedge should be sold...very soon
Daily SPX looks like a MV, should we conquer 1230 again?

KENA · Post by **KENA** » Wed Sep 07, 2011 3:08 pm

BullBear52x wrote:If you are trend follower, you should hold some long over night.

since I missed the long entry I will just hold out. still hold on my swing short position since last week, so I am bear I guess.

I'm going for a small short by taking a spy put near closing.So I'm holding on the bearish side with you. Lets see.

Post by **Cobra** » Wed Sep 07, 2011 3:10 pm

KENA wrote:
Cobra wrote:retailers are very bullish and Uempel is shorting. interesting.
Maybe to bullish??

a little too bullish. but it's rare the market won't have a higher high tomorrow or in a few days.

BullBear52x · Post by **BullBear52x** » Wed Sep 07, 2011 3:12 pm

Fibo combo good bounce but I am not convince let see tomorrow if the bullish trend today hold up.

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09/07/2011 Intraday Watering

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