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09/14/2011 Intraday Watering

Re: 09/14/2011 Intraday Watering

Postby biotrader » Wed Sep 14, 2011 3:57 pm

as they say, bulls run up the stairs and bears jump out the window... 1 hour gains erased in 10 minutes :D
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Re: 09/14/2011 Intraday Watering

Postby chickencoop » Wed Sep 14, 2011 3:57 pm

agnosia wrote:
Cobra wrote:volume surge and largest bar ever, so could be an exhaustion here. that's right, bears are easier exhausted than bulls. that's why in ancient time, we used bulls to farm not bears. :lol:


lol gotta remember that one :)


plus, bulls don't eat meat, usually.
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Re: 09/14/2011 Intraday Watering

Postby Cobra » Wed Sep 14, 2011 3:59 pm

well, guess that's it for today. Big mess, I didn't make good calls today, guess I was too stubborn about 3 push up, very biased. I should check myself. The bigger picture still goes as planned although much stronger than I thought today. Thank you guys, I'll see you tomorrow.

Oh, the bulls final exhaustion was so obvious, that's for sure.
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Re: 09/14/2011 Intraday Watering

Postby mac769 » Wed Sep 14, 2011 4:00 pm

The algos going crazy and the short squeeze finished for now, but I still see some (limited) upside potential for tomorrow:

<script src='http://img233.imageshack.us/shareable/?i=capturems.png&p=tl' type='text/javascript'></script><noscript>Image</noscript>
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Re: 09/14/2011 Intraday Watering

Postby WhyNot » Wed Sep 14, 2011 4:00 pm

WhyNot wrote:How I hate these days.... :roll: :roll:


How I Love these days :D
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Re: 09/14/2011 Intraday Watering

Postby MajorEasy » Wed Sep 14, 2011 4:02 pm

qtipped wrote:
mac769 wrote:
Cobra wrote:this kind of consolidation means another push up is more likely.


I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...


i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.


i was down $1988.00 on a trade,
then pulled the rabbit out of the hat and ended up making my target profit...
who would have thought the Dow would drop a 135 pts. the last half hour.... this market is very sick
Last edited by MajorEasy on Wed Sep 14, 2011 4:06 pm, edited 2 times in total.
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 09/14/2011 Intraday Watering

Postby AK84 » Wed Sep 14, 2011 4:02 pm

remind me NEVER to hold anything during Opex pleaseeeeee . Thanks!!
So glad the last market fell apart in 10 mins. Retarded wackjob market!

Phew...I guess the bear in me will live another day !
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Re: 09/14/2011 Intraday Watering

Postby frankthetank » Wed Sep 14, 2011 4:03 pm

Economic calender is jammed tomorrow morning. JObless claims, ny and philly manufacturing data, CPI and much more. People made there money all day and sold in the last 30 minutes. Again guys never get cocky and don't let your precieved notations misguide what your watching. Thats how we lose testicals :D
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Re: 09/14/2011 Intraday Watering

Postby jarbo456 » Wed Sep 14, 2011 4:04 pm

this market is a shitshow. i missed out on cashing in profitable positions all week. and once again, only managed to salvage a part of that rally profit before they decided to take us down an entire handle, yet another handle+ move in the last 10 minutes of the day.
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Re: 09/14/2011 Intraday Watering

Postby qtipped » Wed Sep 14, 2011 4:05 pm

MajorEasy wrote:
qtipped wrote:
mac769 wrote:
Cobra wrote:this kind of consolidation means another push up is more likely.


I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...


i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.


i was down $1988.00 on a trade,
then pulled the rabbit out of the hat and ended up making my target profit...
who would have thought the Dow would drop a 100 pts.


great, how did you do it? did you go long?
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Re: 09/14/2011 Intraday Watering

Postby silicon_beaver » Wed Sep 14, 2011 4:08 pm

Cobra wrote:volume surge and largest bar ever, so could be an exhaustion here. that's right, bears are easier exhausted than bulls. that's why in ancient time, we used bulls to farm not bears. :lol:



marked.
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Re: 09/14/2011 Intraday Watering

Postby MajorEasy » Wed Sep 14, 2011 4:09 pm

qtipped wrote:
MajorEasy wrote:
qtipped wrote:
mac769 wrote:
Cobra wrote:this kind of consolidation means another push up is more likely.


I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...


i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.


i was down $1988.00 on a trade,
then pulled the rabbit out of the hat and ended up making my target profit...
who would have thought the Dow would drop a 135 pts.


great, how did you do it? did you go long?

i held onto my short....
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 09/14/2011 Intraday Watering

Postby MajorEasy » Wed Sep 14, 2011 4:20 pm

the dow fell 140 pts. in 26 minutes....

bloomberg had reported all day that this was only a short squeeze,
with very light volume....
i didn't care how long it would take
i wasn't going to take a loss on the trade...
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 09/14/2011 Intraday Watering

Postby qtipped » Wed Sep 14, 2011 4:22 pm

i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.[/quote]

i was down $1988.00 on a trade,
then pulled the rabbit out of the hat and ended up making my target profit...
who would have thought the Dow would drop a 135 pts.[/quote]

great, how did you do it? did you go long?[/quote]
i held onto my short....[/quote]

ah...that makes sense...you got in at a better price than the big tough stupid SOB here....good luck tomorrow all.
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Re: 09/14/2011 Intraday Watering

Postby little piggy » Wed Sep 14, 2011 4:40 pm

Thanks Cobra, I was out at SPY 1200 as you said the target. I was rushing out at the moment, so I think that's good enough for today. When I came back, was a big shock that the market went back right after 1200.

So not too greedy will make money.
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Re: 09/14/2011 Intraday Watering

Postby MajorEasy » Wed Sep 14, 2011 4:41 pm

the bull is dead
watch tomorrow in case the upper tine is violated
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the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 09/14/2011 Intraday Watering

Postby laoguo » Wed Sep 14, 2011 5:14 pm

This is my first day in Cobra's english forum.

To tell the truth, I am not impressed by Old Snake's performance. :mrgreen:
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Re: 09/14/2011 Intraday Watering

Postby ForexChemist » Wed Sep 14, 2011 7:55 pm

Oh well, it's late and I guess no one will check the board after 4PM. My thoughts on the 3 pushes are to satisfy both time and distance (points gain or lose). sometimes when the distance (points gain or lose) is OK but the time is not there yet, then no change of direction. Market is always right and it always surprises us.

Cobra wrote:well, guess that's it for today. Big mess, I didn't make good calls today, guess I was too stubborn about 3 push up, very biased. I should check myself. The bigger picture still goes as planned although much stronger than I thought today. Thank you guys, I'll see you tomorrow.

Oh, the bulls final exhaustion was so obvious, that's for sure.
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