10/13/2011 Intraday Watering

[99er]

Update

BKX http://99ercharts.blogspot.com/2011/10/bkx_13.html

Sorry, Jaime. It's just one of those days.

[stockcycle]

Nimodo, Sorry by overlooked your question yesterday. To pick a stock, I care both TA and FA.
I warned a pullback a bit early yesterday but luckily I had closed all my long positions.
I don't want to buy the dips but would rather be waiting for positive Slovak parliament vote before opening new long positions.

[tdo722]

if SPX cannot break 1199 then this is going down to 1170 minimum.

[KENA]

The bears will have a good upper hand if we break below 1195 and hold and a break below 1190 we will be on our way dn.So bears lets get working.

[wayne0708]

Cobra:
If it's not too stretched on the up shouldn't be too stretched on the way down, right?

[Al_Dente]

PAGING JARBO
Different view here, ALL BEAR
Watch SH try to mirror the NYDEC declining issues today
SH is bear ETF, the inverted SPY if u will
(brother to juiced SDS and triple juiced SPXU, but SH is pure unjuiced)
Refreshable, can u see bear?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

[SB73]

Support at 1191. I think it will hold at least the first time, but 1164 - 1185 are in the cards.

[waverider]

The bears will have a good upper hand if we break below 1195 and hold and a break below 1190 we will be on our way dn.So bears lets get working.

Bought FAZ near the close yesterday and TZA on the open today. Moved my FAZ stop up slightly so I won't lose.

[99er]

Update

RUT http://99ercharts.blogspot.com/2011/10/rut_13.html

[soku]

breaking down? i am still expecting 1179.5 es as the first stop.
hi cobra, yr new site is kinda confusing. it is not easy to read as compare to the old one. i still prefer a report type, rather than a twitter post type

[alvian33]

so many people are posting here after they are in good position, post you trade when you get in and out, not next day after the market is in your favor

[jarbo456]

PAGING JARBO
Different view here, ALL BEAR
Watch SH try to mirror the NYDEC declining issues today
SH is bear ETF, the inverted SPY if u will
(brother to juiced SDS and triple juiced SPXU, but SH is pure unjuiced)
Refreshable, can u see bear?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

i see it and love it. thanks for the update...was waiting for you to post it.

[KENA]

Support at 1191. I think it will hold at least the first time, but 1164 - 1185 are in the cards.

I think you are in the ball park..If we can't break thru 1190 we could wind up in a sideways mkt for the day.Lets see.

[jarbo456]

The bears will have a good upper hand if we break below 1195 and hold and a break below 1190 we will be on our way dn.So bears lets get working.

Bought FAZ near the close yesterday and TZA on the open today. Moved my FAZ stop up slightly so I won't lose.

i knew someone here bought faz right before the close. i was too chicken, just in case jp morgan surprised to the upside. i should've known that the market would discount any good earnings at this point. as cobra wrote in his report the other day...data from bespoke, earnings estimates/expectations are at their lowest since 2009. much easier to discount better numbers...

[Cobra]

OR, let's see which way breakout first. still too stretched.

[waverider]

so many people are posting here after they are in good position, post you trade when you get in and out, not next day after the market is in your favor

Go back to yesterday's blog, last page I posted the FAZ...

[KENA]

Most of my indicators are showing bearish except Retail.This has to start showing RED befor the mkt goes thru 1190.IMHO

[SB73]

My definition is that this is steep enough and after a retrace back to 1200 the second leg will take us close to 1165.

[soku]

1186.5-1184.5 could be the first defense line for bulls

[CognitiveDissonance]

so many people are posting here after they are in good position, post you trade when you get in and out, not next day after the market is in your favor

Got into TVIX too much and too early at 65, now about to tap back to 60 after a low of 53.