Re: 09/13/2011 Intraday Watering
Posted: Tue Sep 13, 2011 2:22 pm
Market waiting for the impatience to switch side and then BooM! got ya moment.
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I agree, this is not the time to short the market, specifically in the last hours of trading...qtipped wrote:still a good chance we get to 118.10-118.25 area....looks my cover was a good decision.qtipped wrote:i covered for a little profit...thought we were going to bounce off the MA and shoot for today's highs again. guess i'm wrong and now of course it drops more after i covered.
overall mkt sentiment is measuring good with europe closing positive. i will short another day and may go long a little.
My perceive on 1'chart is a cup with handle?cougar wrote:Interesting "stockcycle"! This is, however, a minor move... No"race into it" - IMHO...But how did you come up with it? Can you show a chart?stockcycle wrote:May be it needs some kind of breath/consolidation @117.5 before the race for the target 118.5
Alright! Got it! Nice! Good luck!stockcycle wrote:My perceive on 1'chart is a cup with handle?cougar wrote:Interesting "stockcycle"! This is, however, a minor move... No"race into it" - IMHO...But how did you come up with it? Can you show a chart?stockcycle wrote:May be it needs some kind of breath/consolidation @117.5 before the race for the target 118.5
thanks, i will stay out...maybe short the gap up? or is this shortterm downtrend over?mac769 wrote:I agree, this is not the time to short the market, specifically in the last hours of trading...qtipped wrote:still a good chance we get to 118.10-118.25 area....looks my cover was a good decision.qtipped wrote:i covered for a little profit...thought we were going to bounce off the MA and shoot for today's highs again. guess i'm wrong and now of course it drops more after i covered.
overall mkt sentiment is measuring good with europe closing positive. i will short another day and may go long a little.
no idea yet.stockcycle wrote:Cobra is our expert.
Cobra can you tell us what could happen to the markets tomorrow if we close above 118 today?
Thank you in advance.
Ditto. Just sold the TNA at 41.91. Don't want to get too greedy. Made nice profit. Time to relax.jarbo456 wrote:i could be wrong, but this still looks pretty strong. however i'm not going to test the market. getting out of my profitable long SPY calls here.
Very close to your number $NDX 2223.88, Any plan in TQQQ? TQQQ is still in green?????????????? Do you mean SQQQ/inverse ETFS?heavenskrow wrote:If the Nasdaq 100 breaks above 2227 today, I might need to join the Bulls side.. But only then.
I like all of these quotes:heavenskrow wrote:rest of day looks good.. but tomorrow will be very important.
cougar what are your thoughts on the near term for CMI? I think my previous reply got lost in the shuffle but I grabbed some shares near the low yesterday and I'm very happy with my decision so far. From your comments/chart things look pretty favorable to me.cougar wrote:My stock of the day: Cummins (CMI).
CMI is an excellent but seriously oversold company. Up $5.2 today!
Cramer’s pumping last night “coincides” with bullish comments made today by senior executives of Cummins, in front of 150 WS analysts and selected shareholders…
CMI (Cummins) daily: nested envelopes + harmonic fan: