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10/14/2011 Intraday Watering

Re: 10/14/2011 Intraday Watering

Postby Mr. BachNut » Fri Oct 14, 2011 3:53 pm

Cobra wrote:that was hell good stop run. who did this must be laughing evilly now. Wo ha ha ha ha, something like this. :twisted: :shock:


Good point! Great timing too. That's how you clear the inventory at a good price before the weekend...
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Re: 10/14/2011 Intraday Watering

Postby Cobra » Fri Oct 14, 2011 3:53 pm

Unique wrote:
Cobra wrote:overshot, negative divergence, so might not break through this time? :shock:


Divergence don't matter if you're in a strong trend. Correct?

Need a combination of resistance plus divergence to pick a top.


yes, I combine with pattern too. Of course I know divergence doesn't matter.

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Re: 10/14/2011 Intraday Watering

Postby heavenskrow » Fri Oct 14, 2011 3:53 pm

CognitiveDissonance wrote:
heavenskrow wrote:Bears will start having their days near the end of next week.



Can't wait, this bear is hungry.

Any info from the bond market?


Actually if the bears can push hard into the close, bears have a big chance MOnday
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Re: 10/14/2011 Intraday Watering

Postby wayne0708 » Fri Oct 14, 2011 3:53 pm

I'm starving lol
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Re: 10/14/2011 Intraday Watering

Postby Al_Dente » Fri Oct 14, 2011 3:53 pm

scalpers exit....bears take over....i see a yacht
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Re: 10/14/2011 Intraday Watering

Postby heavenskrow » Fri Oct 14, 2011 3:54 pm

and if the bears are too weak, then wait patiently....
I am unbiased to the direction. When I am short bonds, I look for when to cover..
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Re: 10/14/2011 Intraday Watering

Postby SB73 » Fri Oct 14, 2011 3:55 pm

Watch out for another kick save at close... :lol:
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Re: 10/14/2011 Intraday Watering

Postby Cobra » Fri Oct 14, 2011 3:55 pm

Al_Dente wrote:scalpers exit....bears take over....i see a yacht


hmm, I was wondering who too my yacht! :twisted:

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Re: 10/14/2011 Intraday Watering

Postby Dow Trader » Fri Oct 14, 2011 3:55 pm

heavenskrow wrote:
CognitiveDissonance wrote:
heavenskrow wrote:Bears will start having their days near the end of next week.



Can't wait, this bear is hungry.

Any info from the bond market?


Actually if the bears can push hard into the close, bears have a big chance MOnday

it is a strong weekly close with strong candle, so bears need more time I think 8-)
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Re: 10/14/2011 Intraday Watering

Postby newbie_77 » Fri Oct 14, 2011 3:55 pm

care to shed some light on how :D

Unique wrote:Easy money...risk vs reward baby..daily spy options are fun.

Who else thinks a 1185 retest is guaranteed? Just bought some SPY October 22 118 and 123 puts for this swing trade.
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Re: 10/14/2011 Intraday Watering

Postby seekingknowledge » Fri Oct 14, 2011 3:56 pm

heavenskrow wrote:Bears will start having their days near the end of next week.

Hope so. The bears are getting hungry and you know what happens when a bear spots raw meat. This bear is starving and ready to jump all in.
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Re: 10/14/2011 Intraday Watering

Postby pablorynx » Fri Oct 14, 2011 3:57 pm

Monday morning gap up? anyone?
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Re: 10/14/2011 Intraday Watering

Postby Mr. BachNut » Fri Oct 14, 2011 3:57 pm

It is still risk OFF in TED spread land. Perhaps the banks don't matter anymore...
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Re: 10/14/2011 Intraday Watering

Postby wayne0708 » Fri Oct 14, 2011 3:57 pm

I hope Greece will default over this weekend or something big is going to happen :)
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Re: 10/14/2011 Intraday Watering

Postby Cobra » Fri Oct 14, 2011 3:58 pm

well, guess that's it for today, very strong close, feels more high ahead. thank you guys, I'll see you the next Monday.
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Re: 10/14/2011 Intraday Watering

Postby newbie_77 » Fri Oct 14, 2011 4:00 pm

thank you cobra. you have been right on the forecast!!!! once again
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Re: 10/14/2011 Intraday Watering

Postby jarbo456 » Fri Oct 14, 2011 4:00 pm

wow...end at HOD.
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Re: 10/14/2011 Intraday Watering

Postby KENA » Fri Oct 14, 2011 4:01 pm

COBRA..Thanks for the week..I did not buy today but TZA and short AMZN are looking better for next .week
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Re: 10/14/2011 Intraday Watering

Postby spuderik » Fri Oct 14, 2011 4:01 pm

I closed my SPXU position that I opened at market open today. I have watched Sunday night futures ramps for all of 2 years now.

No need to fight the tape. If we don't break down at all over the next 1-2 weeks, I will have to revise my probability of a visit back to 1360s highs. Certainly NAAIM screams out short squeeze can continue, and short interest is still high, albeit off the highest point. 200 day moving average is only a stones throw away now. Impressive counter-trend rally so far.
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Re: 10/14/2011 Intraday Watering

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

Mr. BachNut wrote:It is still risk OFF in TED spread land. Perhaps the banks don't matter anymore...


It all still matters, let there be no doubt about that :)

NEAR TERM (1-2 weeks): Bearish (though this isn't exactly working out so well)
MEDIUM TERM (1-2 months): Bullish
LONG TERM (6-12 months): Bearish
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