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09/16/2011 Intraday Watering

Re: 09/16/2011 Intraday Watering

Postby stockcycle » Fri Sep 16, 2011 9:44 am

I think about a downward pressure on the markets.
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Re: 09/16/2011 Intraday Watering

Postby stockcycle » Fri Sep 16, 2011 9:48 am

Not many want to buy at this high at weekend.
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Re: 09/16/2011 Intraday Watering

Postby soku » Fri Sep 16, 2011 9:50 am

rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.
The goal is not uniformity. It is understanding and idea exchange.
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Re: 09/16/2011 Intraday Watering

Postby keesa » Fri Sep 16, 2011 9:50 am

stockcycle wrote:I think about a downward pressure on the markets.
where is it?
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Re: 09/16/2011 Intraday Watering

Postby keesa » Fri Sep 16, 2011 9:51 am

soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.


yesterday's bad numbers did not help.
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Re: 09/16/2011 Intraday Watering

Postby ClarkW » Fri Sep 16, 2011 9:53 am

stockcycle wrote:I think about a downward pressure on the markets.


I think about winning the lottery ;)
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Re: 09/16/2011 Intraday Watering

Postby Cobra » Fri Sep 16, 2011 9:55 am

trend line resistance, overall, it's bullish though.
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Re: 09/16/2011 Intraday Watering

Postby MajorEasy » Fri Sep 16, 2011 9:55 am

if you're day trading large lots for dimes and nickles,
watch NQ, at this moment it's breaking first both up and down
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 09/16/2011 Intraday Watering

Postby Al_Dente » Fri Sep 16, 2011 9:56 am

dow leading the board is unusual and maybe deceptive
all GE BA HD JPM etc
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Re: 09/16/2011 Intraday Watering

Postby soku » Fri Sep 16, 2011 9:59 am

soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.

just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me
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Re: 09/16/2011 Intraday Watering

Postby HappyFriday » Fri Sep 16, 2011 9:59 am

Cobra wrote:trend line resistance, overall, it's bullish though.


9:57aSeptember UMich consumer sentiment rises to 57.8

Better than expected !
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Re: 09/16/2011 Intraday Watering

Postby DRL » Fri Sep 16, 2011 10:00 am

UNG 16Sep11.png
UNG 15 Min 16Sept
UNG is at its recent lows if one want a swing trade back up to 10 ish. Been working recently for a couple % over a couple of days.
Appears to be basing at this level. However could be in a overall downtrend, so caution
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Re: 09/16/2011 Intraday Watering

Postby stockcycle » Fri Sep 16, 2011 10:01 am

keesa wrote:
stockcycle wrote:I think about a downward pressure on the markets.
where is it?

I think about TradingMarkets rulls and Cobra 1 red day among 7 days and about the weekend day.
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Re: 09/16/2011 Intraday Watering

Postby MajorEasy » Fri Sep 16, 2011 10:03 am

MajorEasy wrote:if you're day trading large lots for dimes and nickles,
watch NQ, at this moment it's breaking first both up and down


nevermind
ES leads the way in my book
the market's goal is to distribute the wealth of many to as few hands as possible
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Re: 09/16/2011 Intraday Watering

Postby stockcycle » Fri Sep 16, 2011 10:04 am

stockcycle wrote:
keesa wrote:
stockcycle wrote:I think about a downward pressure on the markets.
where is it?

I think about TradingMarkets rulls and Cobra 1 red day among 7 days and about the weekend day.

Also I think today no need to be a green day but enough to kill all the PUT buyers of the month.
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Re: 09/16/2011 Intraday Watering

Postby frankthetank » Fri Sep 16, 2011 10:07 am

Bears have no bite. Weak push down
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Re: 09/16/2011 Intraday Watering

Postby 99er » Fri Sep 16, 2011 10:09 am

SPX
Targeting 1124 on this leg down.
http://99ercharts.blogspot.com/2011/09/spx_2249.html
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Re: 09/16/2011 Intraday Watering

Postby kaiboliu » Fri Sep 16, 2011 10:13 am

Isn't SPX from the chart look like a butterfly?
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Re: 09/16/2011 Intraday Watering

Postby soku » Fri Sep 16, 2011 10:15 am

soku wrote:
soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.

just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me

the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.
The goal is not uniformity. It is understanding and idea exchange.
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Re: 09/16/2011 Intraday Watering

Postby frankthetank » Fri Sep 16, 2011 10:19 am

The rumor is the printing press bazooka is coming out. Coordinated money printing get out of the way bears at least untill we roll over from being over bought which could start on monday.
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