10/06/2011 Intraday Watering

[Cobra]

here we go, the breakout. bulls are very determined. interesting. let's see if the breakout can hold.

[seekingknowledge]

Sold my TZA at small loss. Dang. Still not buying this rally and not buying.

[JustTrading]

As for NFP data...per Cobra, market down on the news will revers....and vice versa. Right Cobra? Thanks.

[Tabby]

SPX
Bullish Butterfly.
http://99ercharts.blogspot.com/2011/10/spx_6054.html

Wait until this beauty soars.

This was a killer butterfly.

[BullBear52x]

Go Bears, Go! We can do it!!! By the way, THANKS EVERYONE FOR SHARING YOUR THOUGHTS AND AWESOME CHARTS! Cobra, Uempel, kenna, ultramarine, mrbachnut, jarbo456, 99er, ak84, Agnosia, bullbear52x, Aldente, bushwaffle, eviltrader and so many more ... Thanks! A special thank you, of course, to THE Cobra Man! Love ya, Babe!

dito
Greatest blog for learning on the internet, lets keep it this way. special thank to Cobra.

BB52x: sorry, i borrowed yr 5min macd without yr permission
120 = hold bull
60 = sell cross bear
which guides u?
apologize again, will make it up 2 u somehow, i mean it

it's like all of indicators or oscillators, price pay, chart pattern over take all indicators, once my signal flash I will zoom in on price pattern for the move.

[tdo722]

Man I'm gonna sleep well tonight. See the report at 8:30 and start shopping when spx hits 1120.

[Cobra]

textbook target for this Ascending Triangle as long as bulls can hold the breakout.

[Cobra]

As for NFP data...per Cobra, market down on the news will revers....and vice versa. Right Cobra? Thanks.

yes.

[Al_Dente]

still in my longs...but will sell end of day especially if we rally into it, which, we look like we're going to do.
going to switch up and hold a protective short on my long core portfolio.
whoever said selling the news is what will happen i have to agree with.
NFP numbers: 50k is expected, 0 was previous.
i could see us coming in above 50 (barely), and the market selling the news.
all of this is pure speculation, as employment data tends to be just that...pure speculation.

Oy malloy jarbo
u may be inside big sqz into close
but big red stick is getting in the way

[BullBear52x]

Sold my TZA at small loss. Dang. Still not buying this rally and not buying.

Counter trend is risky business so long you obey your stops, the pay out is awesome. you can reverse position just to get even before sit out.

[Cobra]

so far the breakout holds well.

[tdo722]

no EOD ramp job? I am so disappointed.

[heavenskrow]

fas is too strong =]

[jarbo456]

still in my longs...but will sell end of day especially if we rally into it, which, we look like we're going to do.
going to switch up and hold a protective short on my long core portfolio.
whoever said selling the news is what will happen i have to agree with.
NFP numbers: 50k is expected, 0 was previous.
i could see us coming in above 50 (barely), and the market selling the news.
all of this is pure speculation, as employment data tends to be just that...pure speculation.

Oy malloy jarbo
u may be inside big sqz into close
but big red stick is getting in the way

i'm going to be ready for that big red stick!

[Petsamo]

If we finish at the highs, we have a 60% probability of a gap down, but I'm staying all long.

[Mr. BachNut]

Closed small small short for small small loss.

[ddd]

Slowly but surely. The bullishness is undeniable.

[billow]

IWM breakout,
SPY, not yet if you draw a line from Sep 20, Sep 27's top(hourly). maybe we will just close here and wait for tomorrow.

here we go, the breakout. bulls are very determined. interesting. let's see if the breakout can hold.

[wayne0708]

next target 1183 before initiating any shorts?

[heavenskrow]

If we finish at the highs, we have a 60% probability of a gap down, but I'm staying all long.

Yeah same here, im thinking were gonna get some bad open , but then we can trap all the bears again =]