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10/18/2011 Intraday Watering

Re: 10/18/2011 Intraday Watering

Postby pady » Tue Oct 18, 2011 10:46 am

The run from 1075 to 1225 didnt have any meaningful wave 4. This seems to a flat 4 between 119 to 122 with completion of C now. Other option is we just did 1 of 5 from 1225 to 1191, and now on to wave 2 to 1215 or so and then the big drop tomorrow.
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Re: 10/18/2011 Intraday Watering

Postby Cobra » Tue Oct 18, 2011 10:51 am

real resistance here but reiterate this is a 2 legged up, we're on the 1st leg up.
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Re: 10/18/2011 Intraday Watering

Postby tdo722 » Tue Oct 18, 2011 10:51 am

pady wrote:The run from 1075 to 1225 didnt have any meaningful wave 4. This seems to a flat 4 between 119 to 122 with completion of C now. Other option is we just did 1 of 5 from 1225 to 1191, and now on to wave 2 to 1215 or so and then the big drop tomorrow.


I was thinking 5 wave up from 1074 to 1225. Wave A correction from 1225 to 1191. Wave B impulse to 1211 and then Down to Wave C which ends at 1167 minimum or maximum at 1131 (1131 will damage the 2 weeks rally badly and going long is real scary).
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Re: 10/18/2011 Intraday Watering

Postby Unique » Tue Oct 18, 2011 10:53 am

Time to short here again.
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Re: 10/18/2011 Intraday Watering

Postby Nomorework » Tue Oct 18, 2011 10:54 am

Unique wrote:Time to short here again.


Agreeeeeeeeeeeeed
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Re: 10/18/2011 Intraday Watering

Postby silicon_beaver » Tue Oct 18, 2011 10:54 am

Unique wrote:Time to short here again.


right timing.
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Re: 10/18/2011 Intraday Watering

Postby heavenskrow » Tue Oct 18, 2011 10:55 am

Bulls need to reclaim the black line or fail
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Re: 10/18/2011 Intraday Watering

Postby Unique » Tue Oct 18, 2011 10:56 am

When you get to a major horizontal resistance, it's not gonna break in one try. It's gonna go down and retest then break up. Day trade SPY options is not that hard if you're nimble.

BTW, bernanke speaks today..always wild swings
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Re: 10/18/2011 Intraday Watering

Postby tdo722 » Tue Oct 18, 2011 10:59 am

Unique wrote: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.
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Re: 10/18/2011 Intraday Watering

Postby silicon_beaver » Tue Oct 18, 2011 11:01 am

closed my eyes and entered FAZ 55 at 1.85.
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Re: 10/18/2011 Intraday Watering

Postby Unique » Tue Oct 18, 2011 11:02 am

tdo722 wrote:
Unique wrote: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.
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Re: 10/18/2011 Intraday Watering

Postby heavenskrow » Tue Oct 18, 2011 11:02 am

silicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.

haha :D
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Re: 10/18/2011 Intraday Watering

Postby tdo722 » Tue Oct 18, 2011 11:02 am

silicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.


Hey, I am from Oregon too. :)

I think it's too early to call FAZ. We all know there's gonna be a correction to this downtrend.
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Re: 10/18/2011 Intraday Watering

Postby silicon_beaver » Tue Oct 18, 2011 11:03 am

heavenskrow wrote:
silicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.

haha :D



yi, you changed your icon/avater?
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Re: 10/18/2011 Intraday Watering

Postby cougar » Tue Oct 18, 2011 11:05 am

Grizzly wrote:
tdo722 wrote:I wonder if this is the start of wave B and should retrace nicely to 1204-1211


I think so... 1208 ??


YES, Grizzly! 1208:
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Re: 10/18/2011 Intraday Watering

Postby silicon_beaver » Tue Oct 18, 2011 11:05 am

tdo722 wrote:
silicon_beaver wrote:closed my eyes and entered FAZ 55 at 1.85.


Hey, I am from Oregon too. :)

I think it's too early to call FAZ. We all know there's gonna be a correction to this downtrend.



Hello. :)
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Re: 10/18/2011 Intraday Watering

Postby BullBear52x » Tue Oct 18, 2011 11:11 am

EurUsd, not so fresh
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Re: 10/18/2011 Intraday Watering

Postby BullTart » Tue Oct 18, 2011 11:13 am

Unique wrote:
BullTart wrote:Big, juicy, bearish engulfing topping pattern.

The confirmation red bar today is looking very ominous.

Let's see what the bulls can do in the face of some dark clouds here. Never underestimate the imagination of the bulls.


How's that bearish engulfing when it's not even a higher high, close lower candlestick. Doesn't completely engulf.


True, technically, a higher high was missed by a hair (1224.61 vs 1224.47) but it was definitely a close lower candlestick.

For me, it looks liked an engulf-o-mation, but in the strict technical definition of the pattern, it isn't due to a higher high being missed by 0.14 point.

Having said that, bulls are being imaginative today. ;)

Still haven't touched my "all-in" TVIX position.
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Re: 10/18/2011 Intraday Watering

Postby BullBear52x » Tue Oct 18, 2011 11:15 am

New HOD will give the bear Neg D. IFbull manage to fight this out this time bulls mean business in 45min will tell, until then .
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Re: 10/18/2011 Intraday Watering

Postby pady » Tue Oct 18, 2011 11:16 am

tdo722 wrote:I was thinking 5 wave up from 1074 to 1225. Wave A correction from 1225 to 1191. Wave B impulse to 1211 and then Down to Wave C which ends at 1167 minimum or maximum at 1131 (1131 will damage the 2 weeks rally badly and going long is real scary).


Possible for the bullish view. 1131 will be bad for bulls.
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