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10/27/2011 Intraday Watering

Re: 10/27/2011 Intraday Watering

Postby tdo722 » Thu Oct 27, 2011 3:29 pm

StrikePrice wrote:Oh man I'm sad. I had to short...Praying this is a July 7 / July 8 end of week repeat.


me too, shorted spy 300 shares at 1290. stop loss 1295.
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Re: 10/27/2011 Intraday Watering

Postby Tabby » Thu Oct 27, 2011 3:29 pm

99er wrote:Tabby

Just like old times, eh?

http://www.youtube.com/watch?v=gp5JCrSXkJY

Dude,
I am not that much old; this is my type of music;
http://www.youtube.com/watch?v=jZhQOvvV ... ure=artist
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 3:30 pm

STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?


first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

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Re: 10/27/2011 Intraday Watering

Postby EvilTrader » Thu Oct 27, 2011 3:30 pm

Anyone sees any P-Bar today ??

Stockcharts daily candle (im not a subscriber) seems strange.
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Re: 10/27/2011 Intraday Watering

Postby ultramarine » Thu Oct 27, 2011 3:31 pm

StrikePrice wrote:Oh man I'm sad. I had to short...Praying this is a July 7 / July 8 end of week repeat.



I feel ya bro. Probably a reversal tomorrow. No idea if it will be enough to lift your spirits.

Is this a blow off top that quickly falls apart or the continuation of some major rally?
Last edited by ultramarine on Thu Oct 27, 2011 3:32 pm, edited 1 time in total.
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Re: 10/27/2011 Intraday Watering

Postby MrMiyagi » Thu Oct 27, 2011 3:31 pm

EvilTrader wrote:Anyone sees any P-Bar today ??

Stockcharts daily candle (im not a subscriber) seems strange.


Yep, odd that that tail just appeared whereas it had a gap up all day.

Call it a glitch.
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Re: 10/27/2011 Intraday Watering

Postby Mr. BachNut » Thu Oct 27, 2011 3:32 pm

The little toe I stuck in the water on the short side this morning has been bitten off. So the top may be near. :lol:

Now watching in neutral. May try another toe if we get SPY 130.
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Re: 10/27/2011 Intraday Watering

Postby hdenandy » Thu Oct 27, 2011 3:33 pm

Capitulation in reverse ?

Smells like it to me.
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Re: 10/27/2011 Intraday Watering

Postby STC » Thu Oct 27, 2011 3:33 pm

Cobra wrote:
STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?


first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?
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Re: 10/27/2011 Intraday Watering

Postby mac769 » Thu Oct 27, 2011 3:34 pm

uempel wrote:Update :lol:
OrangeAF.png


looks like 1289 is the "one" to watch, 10 points from pre-Xmas, maybe a good time to sell short some out of the money calls now
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Re: 10/27/2011 Intraday Watering

Postby tdo722 » Thu Oct 27, 2011 3:35 pm

STC wrote:
Cobra wrote:
STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?


first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?


quote and unquote Cobra "law of inertia"
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 3:35 pm

STC wrote:
Cobra wrote:
STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?


first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?


You don't read my daily report do you? :o

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Re: 10/27/2011 Intraday Watering

Postby uempel » Thu Oct 27, 2011 3:37 pm

Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.
AF4.png
Last edited by uempel on Thu Oct 27, 2011 3:38 pm, edited 1 time in total.
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Re: 10/27/2011 Intraday Watering

Postby BullBear52x » Thu Oct 27, 2011 3:38 pm

Man, I am about to closing my shop today my rusty crystal ball tell me nothing but just hold on shorts or add every 1% move up from now. weird.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 10/27/2011 Intraday Watering

Postby tdo722 » Thu Oct 27, 2011 3:40 pm

negative divergence forming on 1min. warning, mayday mayday...
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 3:40 pm

this is an adjusted trend line. still I don't remember I ever see a day that didn't touch the EMA20 a little bit. :o
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Re: 10/27/2011 Intraday Watering

Postby Me XMan » Thu Oct 27, 2011 3:41 pm

Ship taking on water?

EUR/USD rolling over...

tdo722 wrote:negative divergence forming on 1min. warning, mayday mayday...
Last edited by Me XMan on Thu Oct 27, 2011 3:44 pm, edited 1 time in total.
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Re: 10/27/2011 Intraday Watering

Postby janez » Thu Oct 27, 2011 3:43 pm

uempel wrote:Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.
AF4.png


Your charts are nice. I think you draw your red fork prematurely.
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Re: 10/27/2011 Intraday Watering

Postby Cobra » Thu Oct 27, 2011 3:43 pm

volume surge again, cannot believe the pullback is over. we do have a no touch at EMA20 at all day, looks like. :o
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Re: 10/27/2011 Intraday Watering

Postby STC » Thu Oct 27, 2011 3:43 pm

Cobra wrote:
STC wrote:
Cobra wrote:
STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?


first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?


You don't read my daily report do you? :o

I did read your report, you said yesterday "Up huge tomorrow to make a decisive new high then most likely would fall back the day after tomorrow", that means tomorrow Friday market would pull back, so I was surprise when you said tomorrow is guaranteed higher high.
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