10/24/2011 Intraday Watering

[MrMiyagi]

Tapping into TZA for intraday.

Good call so far. Let me know when u exit

Put a stop loss at 32.15$ just in case.

[agnosia]

short 91.20 crude. flat, stopped out /es... i took the /cl trade because the 10ema on the 5min seems to be acting as resistance and the risk was only .05c. stop is even.

stopped out even on /cl. i surrender , crude wins i think it's bearish that we didn't take out the 91.93 gap. still 5mins left in the put session though... lets see.

[EvilTrader]

Amazing rally.

+16% from lows in 15 sessions so far.

[StrikePrice]

Seems Bulls are too strong. Can't rule out another push up into the close or tomorrow morning.

[agnosia]

very strong close on crude... i'm gonna try to play /es from the long side again.

[pady]

I feel there is one more push up to complete 5 of 5.

[Harapa]

Tapping into TZA for intraday.

Good call so far. Let me know when u exit

Put a stop loss at 32.15$ just in case.

looking to Long TZA and EDZ EOD. After two days of robust gains in TNA/EDC presents a good chance of making 2-3% intraday next day.

[SB73]

RSI over 70 and Full Stoch overbought usually a reasonable signal. However, it works better when <30 and oversold to go long. As Cobra said bulls have edges.

[waverider]

I feel there is one more push up to complete 5 of 5.

And then we start 3 down? lol.

[Dow Trader]

Remember my weekly chart that I posted early today about Dow weekly important level ? this is the same chart but in the hourly time frame, the Dow 12,000 is the lower level of the old trading range which was in early2011 as a strong support and now expected to be a strong resistance

[99er]

Crude
http://99ercharts.blogspot.com/2011/10/crude_1861.html

Whee!

[Petsamo]

looking to Long TZA and EDZ EOD. After two days of robust gains in TNA/EDC presents a good chance of making 2-3% intraday next day.

Long EPI or INP (India) is a good alternate. They're not as overbought. If SPY stays above 125 at the end of the day, I plan on getting some.

[pady]

I feel there is one more push up to complete 5 of 5.

And then we start 3 down? lol.

I just want to join the trend. Long or short. But the run from 1075 to 1260 cannot go vertical as it is right now. It has done a clear 5 wave impulse now. So atleast a 38% correction is good for the bulls. If we stop at 38%, I will join the bulls. Now I am out, trying to get the correction.

[Al_Dente]

5 min internals, different view, other one TOO hard 2 read at this point
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

Also, ATTENTION: NEW UPDATES AT STOCKCHARTS.COM as of 21 Oct
They have just added MANY futures symbols quoted EOD end of day, and all listed here:
http://stockcharts.com/symsearch/index.html?^
Could a larger-brain person please help Al with dumb futures question.
Eg: we now have nine EOD quotes on various gold futures contracts… Al can’t watch nine…only one…
should Al just focus on the nearest term expiration, or…..?

[tdo722]

I feel there is one more push up to complete 5 of 5.

And then we start 3 down? lol.

I just want to join the trend. Long or short. But the run from 1075 to 1260 cannot go vertical as it is right now. It has done a clear 5 wave impulse now. So atleast a 38% correction is good for the bulls. If we stop at 38%, I will join the bulls. Now I am out, trying to get the correction.

pady, what do you typically trade? stocks or options or futures?

[Dow Trader]

Look at the contracts, most of traders are in wait and see now, but clearly some traders made there mind at ES 1248.50

[Harapa]

looking to Long TZA and EDZ EOD. After two days of robust gains in TNA/EDC presents a good chance of making 2-3% intraday next day.

Long EPI or INP (India) is a good alternate. They're not as overbought. If SPY stays above 125 at the end of the day, I plan on getting some.

Thanks for the suggestion.
Is today price action producing a negative divergence between MACD hist on daily charts of SPY/IWM/TNA/EDC?

[coralla]

cobra, if this time Spy goes above, say 125.8ish, is it 3 push up intraday to you?

[waverider]

Hopefully we see a reversal at or below 1260, I don't want to be on the long side because the fundamentals scare me, but can't deny that the bull run may continue...

[agnosia]

looks like a diamond pattern on /cl 5min chart. i am long against the 91.27 pit session close. stop 91.26...