10/12/2011 Intraday Watering

waverider · Post by **waverider** » Wed Oct 12, 2011 2:31 pm

Al_Dente wrote:What can I say
Nyadv again confirmed hi, just barely
remember, nosebleed sqeez zone on nyadv is >2800, we are still at 2589
Meaning perhaps, if ben says a single kind word, squeeze could get severe… could, maybe, if….. bla bla bla
Sorry, WHEN IS BEN ON ???
http://stockcharts.com/h-sc/ui?s=$NYADV ... =245857107

Here's the Fed report, my guess is no QE3 because of inflation risk. Just a guess.

http://www.zerohedge.com/news/fomc-minu ... option-qe3

Here it comes, the 122 test...

agnosia · Post by **agnosia** » Wed Oct 12, 2011 2:32 pm

ok my target finally reached . sold the rest at 1214.5...

Post by **Cobra** » Wed Oct 12, 2011 2:32 pm

so far so good, now the 3rd touch, could be a breakout here.

Post by **Cobra** » Wed Oct 12, 2011 2:36 pm

target reached, another key time, because it's clearly 3 push up, so here's a general pattern. Let's see.

heavenskrow · Post by **heavenskrow** » Wed Oct 12, 2011 2:37 pm

VXX almost on support on log channel

Al_Dente · Post by **Al_Dente** » Wed Oct 12, 2011 2:40 pm

waverider wrote:
Al_Dente wrote:What can I say
Nyadv again confirmed hi, just barely
remember, nosebleed sqeez zone on nyadv is >2800, we are still at 2589
Meaning perhaps, if ben says a single kind word, squeeze could get severe… could, maybe, if….. bla bla bla
Sorry, WHEN IS BEN ON ???
http://stockcharts.com/h-sc/ui?s=$NYADV ... =245857107
Here's the Fed report, my guess is no QE3 because of inflation risk. Just a guess.

http://www.zerohedge.com/news/fomc-minu ... option-qe3

Here it comes, the 122 test...

thanks wave, I have volume up waiting for him to speak….oy, turn it down already… have 2 read fomc later… my eyeballs r bleeding

Dutchy · Post by **Dutchy** » Wed Oct 12, 2011 2:41 pm

heavenskrow wrote:
PhilM wrote:
heavenskrow wrote:
PhilM wrote:
heavenskrow wrote:also have you seen the 2 year treasuries chart??? That shit is a massive short chart. I also dont want to be long equities because we still look very bearish on daily charts for SP500.... All I knew is that the bonds looked very toppy.
Do you think now is time to move out of TMV?
hey ur the one that has been long with me on TMV right?
I would say be patient for a daily buy signal on TLT or 30 year treasuries...with the stochastic momentum index...
We have to maximize our winners right??

Also on the 30 year treasuries chart, 136.18 area might be an area to take our profits....
PM me ur email, or write a comment on the blog so i can update u when i sell.
Yes I have been long on TMV and it is up an average of 22% for me in just a little over a week. So, yes I want to maximize gain, but I don't want to give too much back to the House either. I figure TMV plunges when everyone decides that the world is ending and they have to get out of stocks and into bonds.

My e-mail is: pmacdonnell@cox.net. I enjoy your comments on this blog.
Nice I am up 27% currently on it. I of course am thinking just like you and know there will come a time to sell...
The other trader that joined me on my position sold his TMV 2 days ago when we got that 6% pop up...But he pussied out and took his profits.
I will email you when I sell, but also please do your own analysis.

TMV seems to be forming a coiled spring in day chart; continuation pattern?

cache · Post by **cache** » Wed Oct 12, 2011 2:45 pm

May be in over my head. bought ERY and TZA on Monday...Now, I'm thinking that if I sell to be safe/sane in case they fall off of a cliff, I'll be selling at the bottom! Am I letting emotions get in my way? Would you just sell and move on?

tdo722 · Post by **tdo722** » Wed Oct 12, 2011 2:46 pm

never hold on to a losing trade. Always time to get in on another winning train. Also, make sure you learn from Cobra. Never try to front run the market.

cache · Post by **cache** » Wed Oct 12, 2011 2:49 pm

Good point. I did "anticipate". It certainly appears that I was wrong. I'm out.

Unique · Post by **Unique** » Wed Oct 12, 2011 2:49 pm

AAPL not selling fast enough...SPY needs to drop this is boring...

waverider · Post by **waverider** » Wed Oct 12, 2011 2:49 pm

Al_Dente wrote:
waverider wrote:
Al_Dente wrote:What can I say
Nyadv again confirmed hi, just barely
remember, nosebleed sqeez zone on nyadv is >2800, we are still at 2589
Meaning perhaps, if ben says a single kind word, squeeze could get severe… could, maybe, if….. bla bla bla
Sorry, WHEN IS BEN ON ???
http://stockcharts.com/h-sc/ui?s=$NYADV ... =245857107
Here's the Fed report, my guess is no QE3 because of inflation risk. Just a guess.

http://www.zerohedge.com/news/fomc-minu ... option-qe3

Here it comes, the 122 test...
thanks wave, I have volume up waiting for him to speak….oy, turn it down already… have 2 read fomc later… my eyeballs r bleeding

No problem, are you in any positions? Shorting if we don't break 122 and head lower tomorrow?

BullBear52x · Post by **BullBear52x** » Wed Oct 12, 2011 2:49 pm

cache wrote:May be in over my head. bought ERY and TZA on Monday...Now, I'm thinking that if I sell to be safe/sane in case they fall off of a cliff, I'll be selling at the bottom! Am I letting emotions get in my way? Would you just sell and move on?

Many people here think top of some kind in the past two days, what's that tell you

I am holding on my TZA lot if that mean anything.

waverider · Post by **waverider** » Wed Oct 12, 2011 2:53 pm

tdo722 wrote:never hold on to a losing trade. Always time to get in on another winning train. Also, make sure you learn from Cobra. Never try to front run the market.

Wise words, here's a significant quote:

“The CROWD is always wrong at market turning points but often times right once a trend sets in. The reason many market fighters go broke is they believe the CROWD is always wrong. There is nothing further from the truth. Unless volatility is extremely low or very high one should think twice before betting against the CROWD." – Shawn Andrew (Trader, Ricercar Fund)

heavenskrow · Post by **heavenskrow** » Wed Oct 12, 2011 2:55 pm

BY OCT 21st, this thing will end.

Unique · Post by **Unique** » Wed Oct 12, 2011 2:57 pm

waverider wrote:
tdo722 wrote:never hold on to a losing trade. Always time to get in on another winning train. Also, make sure you learn from Cobra. Never try to front run the market.
Wise words, here's a significant quote:

“The CROWD is always wrong at market turning points but often times right once a trend sets in. The reason many market fighters go broke is they believe the CROWD is always wrong. There is nothing further from the truth. Unless volatility is extremely low or very high one should think twice before betting against the CROWD." – Shawn Andrew (Trader, Ricercar Fund)

Well, guess who shorted Lehamn

heavenskrow · Post by **heavenskrow** » Wed Oct 12, 2011 2:57 pm

30 year treasuries gets above important support... oh oh!

agnosia · Post by **agnosia** » Wed Oct 12, 2011 2:58 pm

short /es 1211.50

AK84 · Post by **AK84** » Wed Oct 12, 2011 2:58 pm

DIE BULLSSS DIEEEEEEEEEEEEEEEEE

Al_Dente · Post by **Al_Dente** » Wed Oct 12, 2011 2:59 pm

bears get their turn

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10/12/2011 Intraday Watering

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