10/18/2011 Intraday Watering

[buyorsell]

Hi Cobra,

Any comments today on ISRG or still not clear? Now looks a bit bearish right before earnings today ?

still doesn't say much.

The options show that the market is expecting a swing of 7-8%.

Yea i know but im trying to figure out which way its going to move...haha
initally i was bullish but the action last two days has me thinking again so im confuseddd!

I see. You know what. I made quite a lot money on ISRG before, but I always predicted wrong when it comes to earnings report.
This time, I guess it will go down.
So, you know what to do now.

[silicon_beaver]

So basically you won based on your wrong predication.

[BullBear52x]

a possibility of IHS, I don't bet on it but will not discount it either.

[silicon_beaver]

a possibility of IHS, I don't bet on it but will not discount it either.

so, 120.1 resistance?

[BullBear52x]

a possibility of IHS, I don't bet on it but will not discount it either.

so, 120.1 resistance?

yes, anything higher will just give bears a headache

[silicon_beaver]

today's pattern is like yesterday, slow.

[Cobra]

a consolidation below an important resistance generally is good for bulls. still think this is 2 legged up, could be the 1st leg up has done.

[Unique]

Still looks like a downtrend channel to me from friday close. 120 as support middle line. We could get a bull flag intraday here if bulls are strong enough to hold 120...

[99er]

Uh Oh.

President Obama’s teleprompter stolen from truck in Virginia

http://www.rawstory.com/rs/2011/10/18/p ... -virginia/

[rhight]

Time to short here again.

Best to wait buddy boy.

That's one big ass green hour candle. U don't want to short into that. I think it's safe to say 1211 to 1217 is the shorting target with stop loss at 1224 and profit at 1177 or more. That's a 3:1 reward:risk ratio.

I'm up 10%, oct 22 spy 122 puts..this is a day trade not swing Easy money, why not.

I'm a swing trader, and so my system is slower than day traders, and it was mostly developed during the bull run from the 3/2009 low, and so it has had a hard time giving sell signals during counter trend rallies in what now appears to be a cyclical bear phase. Still, it is setting up to allow me to short on a break below 1190 (hoping it isn't a bear trap). An alternate short entry would have me trail 2 bars back on the 60 min candle lows.

[BullBear52x]

Bears need to see $vix 33.5 hold up for the kill today. or forget about it.

[rhight]

I'm a swing trader, and so my system is slower than day traders, and it was mostly developed during the bull run from the 3/2009 low, and so it has had a hard time giving sell signals during counter trend rallies in what now appears to be a cyclical bear phase. Still, it is setting up to allow me to short on a break below 1190 (hoping it isn't a bear trap). An alternate short entry would have me trail 2 bars back on the 60 min candle lows.

I should add that I would call off the entry if a new high is made (>spx 1225).

[Unique]

Million dollar question, Will we breakout here bull flag. I'm ggetting some spy calls.

[BullBear52x]

HAHA intraday bears now only Neg D can save the day.

[Cobra]

Measured Move target. I don't believe the target though. Sorry I'm busy this morning, so may not be able to answer questions.

[Grizzly]

Uh Oh.

President Obama’s teleprompter stolen from truck in Virginia

http://www.rawstory.com/rs/2011/10/18/p ... -virginia/

OH NO! No talking til he gets it back!!

[BullBear52x]

Uh Oh.

President Obama’s teleprompter stolen from truck in Virginia

http://www.rawstory.com/rs/2011/10/18/p ... -virginia/

OH NO! No talking til he gets it back!!

poor guy

[waverider]

Wow, SPY above the pivot with a big squeeze... NYADV 2100.

[tdo722]

Measured Move target. I don't believe the target though. Sorry I'm busy this morning, so may not be able to answer questions.

Great 1215 it is, which is 5 more points. Which falls perfectly in my range of 1211 to 1217. Who's shorting with me at this range with stop at 1225?

[Unique]

Million dollar question, Will we breakout here bull flag. I'm ggetting some spy calls.

Looking good, but bit overbought..