10/04/2011 Intraday Watering

little piggy · Post by **little piggy** » Tue Oct 04, 2011 3:54 pm

Cobra wrote:volume surge, biggest bar and too stretched, I think we should pullback a little here, at least a consolidation. this market is crazy...

Totally agree, my website was hung for a while due to this crazy market.

I am holding longs overnight.

kaiboliu · Post by **kaiboliu** » Tue Oct 04, 2011 3:54 pm

up 30 point in 30 minutes?! What happen?

seekingknowledge · Post by **seekingknowledge** » Tue Oct 04, 2011 3:55 pm

jarbo456 wrote:i feel like smoking crack BECAUSE of this market. -_-

You cracked me up when I read your post! Just had to say. I ditto your comment, however.

SB73 · Post by **SB73** » Tue Oct 04, 2011 3:55 pm

SB73 wrote:
SB73 wrote:
SB73 wrote:I have ridden the wave down hard and I am finally seeing some divergences that tell me lift off may be upon us. I will watch to see if we get a close above 1090....if so, I believe up strong tomorrow.
VIX closing back inside the BB...$NYLOW too high, Put call ratio too high
terrific setup if we can hold.

I smell at least 1124

soku · Post by **soku** » Tue Oct 04, 2011 3:56 pm

30 points in 30 min. maybe even more.
need imagination now a days.

rhight · Post by **rhight** » Tue Oct 04, 2011 3:56 pm

Sorry guys, I was trailing a stop on the accelerated trendline, and it tripped, sending the market to the roof.

99er · Post by **99er** » Tue Oct 04, 2011 3:57 pm

SPX
http://99ercharts.blogspot.com/2011/10/spx_3595.html

Hey...pigs can fly!

soku · Post by **soku** » Tue Oct 04, 2011 3:58 pm

my sys is yelling 1118.75 and 1133. i don't like either numbers.

Klarisskin · Post by **Klarisskin** » Tue Oct 04, 2011 3:59 pm

This looks like some kind of intervention. Free markets aren't supposed to move like this, are they?

zazusays · Post by **zazusays** » Tue Oct 04, 2011 3:59 pm

out of SPY puts with a nice chunky loss....

seekingknowledge · Post by **seekingknowledge** » Tue Oct 04, 2011 4:00 pm

Insanity! Russell up 6.48 and still moving up as I post this.

ddd · Post by **ddd** » Tue Oct 04, 2011 4:00 pm

What a ride!

rhight · Post by **rhight** » Tue Oct 04, 2011 4:00 pm

Man, I am so glad I just got out of my shorts. Now my wife wants me to put them back on. "Soon", I said.

Post by **Cobra** » Tue Oct 04, 2011 4:00 pm

well, guess that's it for today. I'm interested to see if the market could gap up tomorrow morning because now it's way too stretched. thank you ladies and guys. I'll see you tomorrow.

little piggy · Post by **little piggy** » Tue Oct 04, 2011 4:01 pm

just sold my long position just now. It's too crazy. Hold the profit first.

waverider · Post by **waverider** » Tue Oct 04, 2011 4:01 pm

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =245250365

Above the 61.8% retracement, destroyed the pivot.

Klarisskin · Post by **Klarisskin** » Tue Oct 04, 2011 4:03 pm

finally, after my profit in FAZ was wiped out in 1 hour I see the reason for this insane move:

16:00 FXE Markets continue to rally following FT story that EU officials are looking at a bank recapitalization plan; comments from EU's Rehn, Germany's Schauble and U.K.'s Osborne were all supportive of a plan to be put in quickly to ease market concerns

billow · Post by **billow** » Tue Oct 04, 2011 4:05 pm

Everybody knew there were a up coming, just don't know when.
market was trying to fool us.
Check Sep 26th, exactly the same chart...
MM should try something new.

little piggy wrote:just sold my long position just now. It's too crazy. Hold the profit first.

AK84 · Post by **AK84** » Tue Oct 04, 2011 4:09 pm

WOWWWW!!!!!!!!!!
what an insane dayyy!!!!!

had solid profits today! Crushed aapl puts on the downside for 3.5k
then went long at 355 and made 1 k

GREEAT DAY ! i dont know how i survived
heart was racing!

Loveeee u Cobra!!!!!!!!!!!!!

lostlamb98 · Post by **lostlamb98** » Tue Oct 04, 2011 4:13 pm

At least break even after up and downs...out of positions at the end of the day.

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10/04/2011 Intraday Watering

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