10/27/2011 Intraday Watering

Dutchy · Post by **Dutchy** » Thu Oct 27, 2011 2:51 pm

Made a killing on TMV today. Considering that the rolling over of the bond market has begun in earnest, we could see a stock market high well into the new year.

Post by **Cobra** » Thu Oct 27, 2011 2:52 pm

trend line support again, got to test EMA20 at least a little bit, will we have a day that never touches the EMA20?

h2oskier · Post by **h2oskier** » Thu Oct 27, 2011 2:53 pm

frankthetank wrote:5 p bars today> this must be a record. Anyone else seen so many p bars in a day?

I've seen about 4 or 5 negative p bars on IWM 30 min via TD. A few positive pears on TZA 5 min.

GreedyKojiro · Post by **GreedyKojiro** » Thu Oct 27, 2011 2:53 pm

Petsamo wrote:
BullBear52x wrote:
Petsamo wrote:I made the plunge into UNG at 8.65, only 120 shares.
8.65?
Yep, edited

Why natural gas is you guys interested trade? Aren't we on a surplus of natural gas supply now?!?

99er · Post by **99er** » Thu Oct 27, 2011 2:54 pm

NQ
http://99ercharts.blogspot.com/2011/10/nq_27.html

Bear porn.

frankthetank · Post by **frankthetank** » Thu Oct 27, 2011 2:55 pm

The 5 day ma is unpenetrable. It doesn't matter the volume it can't get through this.

MrMiyagi · Post by **MrMiyagi** » Thu Oct 27, 2011 2:57 pm

99er wrote:NQ
http://99ercharts.blogspot.com/2011/10/nq_27.html

Bear porn.

Cryptic clues.. fun to decipher.

Mr. BachNut · Post by **Mr. BachNut** » Thu Oct 27, 2011 2:57 pm

A few observations:

The market has stayed overbought and gotten more overbought in the last days. This is bull market phenomena not bear market phenomena. In the March 09 rally, the NYMO got overbought and resolved itself without a significant correction. The current rally has other similar technicals to that time. Given where we are in the economic cycle, absense of Fed QE and a news cycle coming around the budget committee report (oh yeah remember that), I believe a correction is probable in coming days. However, I am considering a reality that bull market rules may have gone into effect, which means that overbought signals should be discounted and dips should be bought. Have to see how things unfold in coming days.

The breakdown of the VIX out of a close to 3 month trading range is significant. While a backtest to the range area would be good, VIX trending down further is probable.

Within the span of October, the money men have gone from having terrible bonus prospects to having had a pretty darn good year. Good work!

BullBear52x · Post by **BullBear52x** » Thu Oct 27, 2011 2:57 pm

frankthetank wrote:The 5 day ma is unpenetrable. It doesn't matter the volume it can't get through this.

5dma is my favorite.

BullBear52x · Post by **BullBear52x** » Thu Oct 27, 2011 3:01 pm

GreedyKojiro wrote:
Petsamo wrote:
BullBear52x wrote:
Petsamo wrote:I made the plunge into UNG at 8.65, only 120 shares.
8.65?
Yep, edited
Why natural gas is you guys interested trade? Aren't we on a surplus of natural gas supply now?!?

I think it's safer than GOLD or CLUDE at this level, this is more of my long term set up trade. I tried to get in so many times but got stop out in less than two days too many time, maybe that's another reason why I want it.

Apple · Post by **Apple** » Thu Oct 27, 2011 3:02 pm

99er wrote:NQ
http://99ercharts.blogspot.com/2011/10/nq_27.html

Bear porn.

you know it when you see it. or is it see it, but don't touch

Al_Dente · Post by **Al_Dente** » Thu Oct 27, 2011 3:02 pm

cougar wrote:Be careful bears! Second round of shorts covering on financials..."big banksters'...

Thanks cougar, also thanks for yr JJC swinger chart, will study it, I just think, until proven otherwise, that JJC is another one of those sneaky ETF big fat liars…I don’t trust it now, it has pist me off…

Tabby · Post by **Tabby** » Thu Oct 27, 2011 3:03 pm

99er wrote:NQ
http://99ercharts.blogspot.com/2011/10/nq_27.html

Bear porn.

This is ANTI-crash of October 1929 Wall Street, 18 days up 212 points.

99er · Post by **99er** » Thu Oct 27, 2011 3:03 pm

Mr.Miyagi: "Cryptic clues.. fun to decipher."

Bearish Butterfly (gold) and a Wolfe Wave (purple) pointing down. Target is where the purple line meets the grey dotted one. Grrr...

MrMiyagi · Post by **MrMiyagi** » Thu Oct 27, 2011 3:04 pm

Allright.. last hour of trading. Place your bets kids and play safe.
I say 50-50 chance of going down.

Petsamo · Post by **Petsamo** » Thu Oct 27, 2011 3:04 pm

GreedyKojiro wrote:
Petsamo wrote:
BullBear52x wrote:
Petsamo wrote:I made the plunge into UNG at 8.65, only 120 shares.
8.65?
Yep, edited
Why natural gas is you guys interested trade? Aren't we on a surplus of natural gas supply now?!?

Yes, the trade I made is purely technical.

tdo722 · Post by **tdo722** » Thu Oct 27, 2011 3:05 pm

so weird, my Bollinger Band has a shape of an erecting penis on a 30min chart. does that mean, it's gonna be shooting out soon?

Apple · Post by **Apple** » Thu Oct 27, 2011 3:07 pm

tdo722 wrote:so weird, my Bollinger Band has a shape of an erecting penis on a 30min chart. does that mean, it's gonna be shooting out soon?

u need help

swinger · Post by **swinger** » Thu Oct 27, 2011 3:07 pm

Bear be careful, the monentum can run into tomorrow.

incognitouser · Post by **incognitouser** » Thu Oct 27, 2011 3:07 pm

Apple wrote:
tdo722 wrote:so weird, my Bollinger Band has a shape of an erecting penis on a 30min chart. does that mean, it's gonna be shooting out soon?
u need help

hahaha

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10/27/2011 Intraday Watering

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