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Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:00 pm
by Cobra
also according to my statistics, today's low will be revisited as early as tomorrow. so the very short-term picture is, well, ideally for me, rebound a little to visit today's high then pullback to test the day's low either before the close today or tomorrow.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:02 pm
by rola
Cobra, can you explain wyh are you so bullish today, I do not see such a mood in the market!
Thanks
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:07 pm
by Al_Dente
Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:09 pm
by gabor
I am trying to look at the market the simplest possible way:
1. The ES is below 200 DMA
2. The ES is below 50 DMA
3. The ES 50 DMA is below 200 DMA
4. The ES just touched the 50 DMA from below (this is not very uncommon in a downtrend)
Conclusion: we are most probably in a BEAR market. Trends do not change too frequently, so sell and wait, until a new president will be elected and the market will trust him that he would fix the economy.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:10 pm
by jaaawf
rola wrote:Cobra, can you explain wyh are you so bullish today, I do not see such a mood in the market!
Thanks
Don't think his comments were bullish (calling for a revisit of lows). Just think he is playing the patterns and price action that is presenting itself. JMHO.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:11 pm
by BullBear52x
Al_Dente wrote:Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?
3x etfs
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:12 pm
by Cobra
rola wrote:Cobra, can you explain wyh are you so bullish today, I do not see such a mood in the market!
Thanks
I'm not bullish. I just say statistics a failed morning breakdown should bring us a strong rebound, most likely a strong uptrend day. So far I don't see one, so I just hope the morning high to be revisited and don't forget I also said, statistically, the morning low will be revisited, just don't know if it's today or tomorrow.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:14 pm
by Cobra
Al_Dente wrote:Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?
http://direxionshares.com/etfs
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:16 pm
by heavenskrow
BullTart wrote:As painful as it was, I spent all of last week adding TVIX (long VIX) positions through the rise of the market.
This was done in the anticipation of the 10/80 weekly SMA crossover.
We now have a confirmed cross over on the ES.
I am fully deployed long TVIX as of last Friday.
Now that we have the cross over, I will get the popcorn and watch what Mr. Market will show us, as it has every of 10/80 weekly SMA crossovers in the past 15 years.
Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:22 pm
by BullBear52x
UNG lovers, here where I start buying, buyable bottom stops 9.52
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:23 pm
by agnosia
last push down in crude was weak, i covered my short at 85.. i still say crude will at a minimum test the lower end of the broken daily wedge patten near 86.5 before rolling over. crude never goes out without a fight
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:25 pm
by Cobra
the next bar is the key, bulls need a follow through to launch a possible rebound as I see small double bottom formed here.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:27 pm
by MajorEasy
heavenskrow wrote:
Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades.
Thx for sharing
i've played around with the 10 X 80 ma crosses....
and i feel it needs additional indicators to improve it's profitability
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:28 pm
by fehro
very messy pattern.... so take it with a grain of salt
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:28 pm
by BullBear52x
bears are over the top still
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:29 pm
by heavenskrow
Guys if we break above the last 2 peaks on this hourly chart, get very very scared....... But until then dont fear!
http://finviz.com/futures_charts.ashx?t=ZB&p=h1
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:31 pm
by Al_Dente
Cobra wrote:Al_Dente wrote:Paging ETFers:
I am looking for hi-beta ETF, not sector-specific, just all hi-beta only
anyone?
http://direxionshares.com/etfs
thank u king cobra and mister big bullbear52
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:33 pm
by rola
Cobra on wich site can I do my very good opinion about you
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:37 pm
by ocassional observer
CRM looks like a good short candidate (excluding a breakout) with a backtest of 50 day, 200 day and 50 week moving averages convergencefest.
Re: 09/19/2011 Intraday Watering
Posted: Mon Sep 19, 2011 1:39 pm
by MajorEasy
MajorEasy wrote:heavenskrow wrote:
Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades.
Thx for sharing
i've got some trading software that automaticcally measures the angle of the cross of the 2 moving averages to improve win-rate.
narrow angles during a cross is not good,
this current angle is as good as it can get.
let's see if it makes money....