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09/15/2011 Intraday Watering

Re: 09/15/2011 Intraday Watering

Postby Cobra » Thu Sep 15, 2011 3:27 pm

could be more down.
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Re: 09/15/2011 Intraday Watering

Postby Roadrunner » Thu Sep 15, 2011 3:27 pm

waverider wrote:They're dumping the close again lol



And probably gap the open tomorrow again too... ;)
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Re: 09/15/2011 Intraday Watering

Postby KENA » Thu Sep 15, 2011 3:28 pm

soku wrote:market very strong. breadth strong too. volume high, a:d seems bullish.
hanging around es 1200 area to verify the break out. my short plan never played out. i guess i will have to wait to tomorrow.


I'm back had a good work out..Nice to see you back..Here is a possible good short for you..It hit my buy this morning.It is on the top of the channel and has now pulled back a little.Swing trade TSCO.
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Re: 09/15/2011 Intraday Watering

Postby Cobra » Thu Sep 15, 2011 3:29 pm

bulls timeout, I still think this is a rebound. although short-term should be more up.
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Re: 09/15/2011 Intraday Watering

Postby SB73 » Thu Sep 15, 2011 3:30 pm

Cobra,

My guess is that we are range bound 1050 to 1275 for the next several months. Look forward to your fine tuned navigation skills. Selloffs will be rapid and rises will be grind it out just like this one. Bulls out of time, but bears are scared to make first move. Virtually every indicator I use has or is on the brink of rolling back over. Maybe we get to 1220, but I don't see the evidence for it.
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Re: 09/15/2011 Intraday Watering

Postby MajorEasy » Thu Sep 15, 2011 3:34 pm

Possible paths
i hate drawing bullish forks
i've a great trading day, shorting around 1200 and covering on the dips
a normal trader might have traded the long side, but the market would thin out and soften at the HOD's
made 8 pts per contract traded on ES e-mini
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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: 09/15/2011 Intraday Watering

Postby stockcycle » Thu Sep 15, 2011 3:34 pm

I am bullish, however I am not going to reload to day. Let's be waiting for a substantial pullback - may be in the next day.
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Re: 09/15/2011 Intraday Watering

Postby Cobra » Thu Sep 15, 2011 3:36 pm

SB73 wrote:Cobra,

My guess is that we are range bound 1050 to 1275 for the next several months. Look forward to your fine tuned navigation skills. Selloffs will be rapid and rises will be grind it out just like this one. Bulls out of time, but bears are scared to make first move. Virtually every indicator I use has or is on the brink of rolling back over. Maybe we get to 1220, but I don't see the evidence for it.


that's possible for a ranged market.

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Re: 09/15/2011 Intraday Watering

Postby waverider » Thu Sep 15, 2011 3:38 pm

Roadrunner wrote:
waverider wrote:They're dumping the close again lol



And probably gap the open tomorrow again too... ;)


Hopefully a similar day :o
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Re: 09/15/2011 Intraday Watering

Postby grachu » Thu Sep 15, 2011 3:39 pm

SB73 you are saying that the range bound would be 1277 but you do not see 1220 happening? is inisde your range you are talking about ?
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Re: 09/15/2011 Intraday Watering

Postby HappyFriday » Thu Sep 15, 2011 3:40 pm

Cobra wrote:could be more down.


Disagree. Tomorrow is Friday which is Happy Friday. Today close above 1210 is possible. Let's see how shorties' help. :D ;)
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Re: 09/15/2011 Intraday Watering

Postby SB73 » Thu Sep 15, 2011 3:40 pm

grachu....1220 on this round. 1277 will come after next sell off
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Re: 09/15/2011 Intraday Watering

Postby shumushu » Thu Sep 15, 2011 3:46 pm

HappyFriday wrote:
Cobra wrote:could be more down.


Disagree. Tomorrow is Friday which is Happy Friday. Today close above 1210 is possible. Let's see how shorties' help. :D ;)


Disagree with reason, don't be a dick. What the hell is happy friday lol.
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Re: 09/15/2011 Intraday Watering

Postby BullTart » Thu Sep 15, 2011 3:51 pm

ZH has an interesting point- the joint central bank move today is to actually prepare for a Greek default.

If Greece defaults, a liquidity issue will ensue as demand for USDs will skyrocket (what happened the last time). Having learned that from the Lehman episode, they are trying to be one step ahead and prepare measures for a Greece default.

Once this all transpires, many will kick themselves into not understanding this earlier.

Very interesting.
Last edited by BullTart on Thu Sep 15, 2011 3:55 pm, edited 1 time in total.
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Re: 09/15/2011 Intraday Watering

Postby KENA » Thu Sep 15, 2011 3:55 pm

Carefull Bulls the shorts are just about thru buying.I don't know who else would be buying after this up.When this starts to turn dn i think it will be big.Maybe big gap dn to get the bulls traped.Could happen any time now.Lets see.
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Re: 09/15/2011 Intraday Watering

Postby Cobra » Thu Sep 15, 2011 3:57 pm

well, guess that's it for today. I don't see any weakness on the short-term plus bullish seasonality tomorrow. Thank you guys, I'll see you tomorrow.
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Re: 09/15/2011 Intraday Watering

Postby KENA » Thu Sep 15, 2011 3:58 pm

BullTart wrote:ZH has an interesting point- the joint central bank move today is to actually prepare for a Greek default.

If Greece defaults, a liquidity issue will ensue as demand for USDs will skyrocket (what happened the last time). Having learned that from the Lehman episode, they are trying to be one step ahead and prepare measures for a Greece default.

Once this all transpires, many will kick themselves into not understanding this earlier.

Very interesting.


I never would have guessed that..You have a good point.
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Re: 09/15/2011 Intraday Watering

Postby frankthetank » Thu Sep 15, 2011 4:01 pm

At this point fundamentals don't mean anything except that stocks are cheap compared to their historical PE ratios. I wish I could say I see bearish tendencies but fact is everything is bullish allignment. Slow stochatics just crossed on the daily chart yesterday means that we should be going up for a few more days with cho and macd in bullish allignment. I wouldn't be rushing to short except for a few scalps.
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Re: 09/15/2011 Intraday Watering

Postby Petsamo » Thu Sep 15, 2011 4:02 pm

1.46 million last sell on IWM
5.45 million last sell on SPY
We finished too strong.
We may gap down tomorrow, fellas. Image
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Re: 09/15/2011 Intraday Watering

Postby HappyFriday » Thu Sep 15, 2011 4:04 pm

Damn it, missed 1 point.
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