09/22/2011 Intraday Watering

[ultramarine]

It's official -- TLT has now beat its 2008 high of 123.15.

I'm in no rush to short it however, although there is at least some argument for it now.

[wayne0708]

It is a rebound toward closing

[heavenskrow]

It's official -- TLT has now beat its 2008 high of 123.15.

I'm in no rush to short it however, although there is at least some argument for it now.

Now the question is do we get JAPAN or Germany in the 1930s?

[Tabby]

It's official -- TLT has now beat its 2008 high of 123.15.

I'm in no rush to short it however, although there is at least some argument for it now.

I can't believe it. I had ERX at 22.00 and TNA 30ish last Sept 2010. Most of my favorite stocks hitting the low of Sept 2010.

[jarbo456]

long or short overnight?

[johnnywa]

Just went long SPY, MMTW 3 points from all time low last 2 years

[jaijailyc]

waiting for others to do some profit taking then I will add to short position tonight. After I get off work and look at my charts of course.

[Cobra]

rebound as I expected. now trend line resistance. no idea what's next.

[heavenskrow]

long or short overnight?

The only thing Im long is UUPT..as I can hold it for a while with leverage with confidence...and not get whipsawed too much
I sold my bonds at the peak as that was my target level, and now I am very happy with my profits, and just sit back until I get a clear trade again

[JustTrading]

Everyone is comparing today's low to fall of 2010....but I would argue that today's fundamentals are far wrose than the fall of 2010.

[AK84]

long or short overnight?

short ...long put options on single stocks but ive turned my profits into spreads to minimize risk on the could be RIP YOUR BALLZ off rally which i highly doubt but still .....better to b safe than sorry

[AK84]

Btw...anyone trading AAPL would find this useful.

I am currently 2 long puts and 1 call as a hedge. Long Nov 420 put and Long AAPL 400 Nov Call (after making a decent profit already). AAPL wants to fill the gap at 393. I will long it again between 390-393 (20 dma) into earnings

[hdenandy]

Banked another 94 points.

Think that will do for today - don't want get too greedy or risk losing any profits !

[kaiboliu]

long or short overnight?

short ...long put options on single stocks but ive turned my profits into spreads to minimize risk on the could be RIP YOUR BALLZ off rally which i highly doubt but still .....better to b safe than sorry

sorry i am noob, can you give an example on how you turn profit into spread to minimize risk?

[Cobra]

hmm, very strong close, interesting.

[jaijailyc]

We will probably close around 1133.

[chickencoop]

hmm, very strong close, interesting.

closing is too strong, thinking about adding some shorts.

[ultramarine]

I just covered my OCT puts for a nice profit. I am intending to buy them back at a cheaper price.

[wayne0708]

cobra?
this closing seems to be a good set up for long tomorrow?

[soku]

heavy vol, very bearish breadth. u know what i just did.

What'd you just do?

yo t, what's up. still lonking for tantric sex? i think gs is hot hot hot.