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10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Postby waverider » Wed Oct 12, 2011 3:54 pm

Went long FAZ 5 minutes ago
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Re: 10/12/2011 Intraday Watering

Postby SB73 » Wed Oct 12, 2011 3:55 pm

ugly black candlesticks on apple and the q's and many others. Could be marking a top...although bears will have to earn their money and navigate retrace after retrace.
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Re: 10/12/2011 Intraday Watering

Postby agnosia » Wed Oct 12, 2011 3:55 pm

head and shoulder on 15 min chart . target 1202 reached. going long here a little bit
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Re: 10/12/2011 Intraday Watering

Postby billow » Wed Oct 12, 2011 3:55 pm

1 hour channels were broken for SPY/QQQ, didn't check others yet.
could be bloody tomorrow
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Re: 10/12/2011 Intraday Watering

Postby 99er » Wed Oct 12, 2011 3:56 pm

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Re: 10/12/2011 Intraday Watering

Postby MM111 » Wed Oct 12, 2011 3:57 pm

close below 1205 and it's bearish.

thats the desceding line that connects the august and september high.
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Re: 10/12/2011 Intraday Watering

Postby Al_Dente » Wed Oct 12, 2011 3:57 pm

waverider wrote:Went long FAZ 5 minutes ago

k-rap, I cant long faz yet, still under my vwap, and too near close, my rules suck
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Re: 10/12/2011 Intraday Watering

Postby BullBear52x » Wed Oct 12, 2011 3:57 pm

ultramarine wrote:TZA has broken below the Aug 31 low. I got stopped out earlier today from a longer swing trade position. Live to fight another day. :|

I don't chart TZA for entry or exit , I chart IWM.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:57 pm

cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!

Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.
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Re: 10/12/2011 Intraday Watering

Postby seekingknowledge » Wed Oct 12, 2011 3:57 pm

Russell 60-Min on 10-12.png

A few points away and Russell should be ready for the real shorting. See chart. The big boys are playing this rally for all it is worth. Check out the Aroon and the bouncing around at this top. NOTE: You can see divergence on this chart. MACD and Stochastics moving down, with prices moving up.
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Re: 10/12/2011 Intraday Watering

Postby BullTart » Wed Oct 12, 2011 3:57 pm

The sharks are cashing in at these price levels before the EOD here. This is a straight up, take-profit / sell program initiated near the close to rip the face off late bull-comers.

Then, when we correct and everybody turns bearish again, they will do the same and launch their nasty buy programs near the end of the day to rip the face off late bear-comers.

This will continue on, with an upside bias in the intermediate term, until he music stops and the fundamentals (rotting financial system loaded with private and public debt burden) rears its ugly head.

When that happens, it'll be game over and we will challenge the March 2009 lows. Could take a month or two. But until then, we are in JBTFD mode.
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Re: 10/12/2011 Intraday Watering

Postby tapesense » Wed Oct 12, 2011 3:59 pm

Assuming SPY close above lows, break points to 118.75. Otherwise, like, I dunno, 140 :?: :!:
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Re: 10/12/2011 Intraday Watering

Postby SigmaEcho » Wed Oct 12, 2011 3:59 pm

Cobra wrote:cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!

Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.



great tweets!
avatar comes out nicely in tweetdeck!
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Re: 10/12/2011 Intraday Watering

Postby heavenskrow » Wed Oct 12, 2011 4:00 pm

Cobra wrote:cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!

Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.


Cobra what is ur twitter?
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Re: 10/12/2011 Intraday Watering

Postby CognitiveDissonance » Wed Oct 12, 2011 4:01 pm

BullTart wrote:The sharks are cashing in at these price levels before the EOD here. This is a straight up, take-profit / sell program initiated near the close to rip the face off late bull-comers.

Then, when we correct and everybody turns bearish again, they will do the same and launch their nasty buy programs near the end of the day to rip the face off late bear-comers.

This will continue on, with an upside bias in the intermediate term, until he music stops and the fundamentals (rotting financial system loaded with private and public debt burden) rears its ugly head.

When that happens, it'll be game over and we will challenge the March 2009 lows. Could take a month or two. But until then, we are in JBTFD mode.


Thanks for the update bulltart, I appreciate it. You think tvix will go up again tomorrow?
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Re: 10/12/2011 Intraday Watering

Postby BullBear52x » Wed Oct 12, 2011 4:01 pm

Thanks Cobra and everyone with great insights keep them coming.GLTA
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 10/12/2011 Intraday Watering

Postby waverider » Wed Oct 12, 2011 4:01 pm

Al_Dente wrote:
waverider wrote:Went long FAZ 5 minutes ago

k-rap, I cant long faz yet, still under my vwap, and too near close, my rules suck


We'll see what happens tomorrow. :shock:
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
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Re: 10/12/2011 Intraday Watering

Postby seekingknowledge » Wed Oct 12, 2011 4:01 pm

Cobra wrote:cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!

Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.


As usual, you ARE the man, Cobra! You are right a majority of the time. Simply amazing. Thanks for your awesome site ... and your market prescience.
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Re: 10/12/2011 Intraday Watering

Postby Petsamo » Wed Oct 12, 2011 4:02 pm

3.97 million last buy in IWM
4.19 million last buy in SPY

Looks like the big boys are betting we gap up tomorrow.
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Re: 10/12/2011 Intraday Watering

Postby EvilTrader » Wed Oct 12, 2011 4:02 pm

WOw.

1.18% down from the highs to closing price.

More down to come, IMO.

118ish to come.

Beautiful shooting star candle - SPY. :lol: :lol:
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