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10/14/2011 Intraday Watering

Re: 10/14/2011 Intraday Watering

Postby txsky » Fri Oct 14, 2011 4:03 pm

Thank you Cobra! Have a good weekend!
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Re: 10/14/2011 Intraday Watering

Postby SB73 » Fri Oct 14, 2011 4:04 pm

SB73 wrote:Watch out for another kick save at close... :lol:


bingo..quick scalp...made pennies on that short.
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Re: 10/14/2011 Intraday Watering

Postby waverider » Fri Oct 14, 2011 4:06 pm

Thanks Cobra, have a great weekend all!
"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: 10/14/2011 Intraday Watering

Postby gxcar » Fri Oct 14, 2011 4:08 pm

Thank you Cobra. Have a nice weekend!
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Re: 10/14/2011 Intraday Watering

Postby spuderik » Fri Oct 14, 2011 4:09 pm

AAPL closed on re-test of all-time high, before Monday earnings release.
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Re: 10/14/2011 Intraday Watering

Postby spuderik » Fri Oct 14, 2011 4:15 pm

Financials ended the day down 1.3%, clearly diverging from this uptrend.
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Re: 10/14/2011 Intraday Watering

Postby RealMoneyIssues » Fri Oct 14, 2011 4:22 pm

So, had a huge loss (12% in one account and 19% in another) as I was stopped out at close with SPY punching through 122.55 and as usual, this is a huge contrarian sign so I am sure something major is going to happen this week-end and I will have lost out on a ton...

Good luck to everyone, I may step out of the market for a few weeks and lick my wounds. :D
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Re: 10/14/2011 Intraday Watering

Postby spuderik » Fri Oct 14, 2011 4:35 pm

RealMoneyIssues wrote:So, had a huge loss (12% in one account and 19% in another) as I was stopped out at close with SPY punching through 122.55 and as usual, this is a huge contrarian sign so I am sure something major is going to happen this week-end and I will have lost out on a ton...

Good luck to everyone, I may step out of the market for a few weeks and lick my wounds. :D


Sorry to hear that. I took 3% loss on short at 50 day MA, and 1% loss on short today. One more chance to short at 1235 high, though I don't have much hope for that :)

SPY vs SPY avatar is a propos and totally classic!
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Re: 10/14/2011 Intraday Watering

Postby pidge66 » Fri Oct 14, 2011 4:36 pm

What a close. My weekend is ruined with 60% short position waiting to get slaughtered. http://wp.me/p1jbrN-eK
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Re: 10/14/2011 Intraday Watering

Postby HighRev » Fri Oct 14, 2011 4:55 pm

More upside bias than I thought. This market is stronger than I thought (looking at short term momentum). More upside risk than downside at the moment IMHO.
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Re: 10/14/2011 Intraday Watering

Postby big2nd » Fri Oct 14, 2011 5:18 pm

It seems the market has priced in a once-for-all solution to the Europe mess over this weekend. All the downgrades, warnings etc have been ignored for now. Bulls better pray that will indeed be the case. If they could not agree on anything concrete this weekend, watch out below. The market is certainly capable of wiping out the "hard-earned" 30-50 SPX points in a very short time such as 1 day. In addition, the low volume shows that the institutions are still cautious.

Just opened a small short position. Stop 1250 SPX.
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Re: 10/14/2011 Intraday Watering

Postby pablorynx » Fri Oct 14, 2011 5:29 pm

spuderik wrote:AAPL closed on re-test of all-time high, before Monday earnings release.



Tuesday
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Re: 10/14/2011 Intraday Watering

Postby mtljaysfan » Fri Oct 14, 2011 5:30 pm

What a week.

Thanks Cobra. Your market sense's just amazing.

Have a good weekend everyone
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