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04/01/2011 Intraday Watering

Re: 04/01/2011 Intraday Watering

Postby Cobra » Fri Apr 01, 2011 3:22 pm

still don't think it'll cut through.
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Re: 04/01/2011 Intraday Watering

Postby KENA » Fri Apr 01, 2011 3:23 pm

Right or wrong I bought spy long again and am still holding Spy protective put. Not to bad of day. Will see on monday.
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Re: 04/01/2011 Intraday Watering

Postby JTrader » Fri Apr 01, 2011 3:25 pm

I'm a trapped short so take my post with a grain of salt. :) Looking at this chart, it's hard to imagine being a buyer at these levels. Especially considering the glaring resemblance to Feb 18th.

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Re: 04/01/2011 Intraday Watering

Postby cletus » Fri Apr 01, 2011 3:25 pm

seeing signs of buying here so might dump FAZ now and lock it in, I'll give it a few more minutes
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Re: 04/01/2011 Intraday Watering

Postby Dow Trader » Fri Apr 01, 2011 3:27 pm

my shorts "sell today's open in Russell" working very well so far.... and ES strong resistance 1330 proved is still resistance specially if we close near the LOD. :mrgreen:
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Re: 04/01/2011 Intraday Watering

Postby Mr. BachNut » Fri Apr 01, 2011 3:28 pm

VIX just had a phantom like bar down. May be nothing but bottom of this drop could be forming.
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Re: 04/01/2011 Intraday Watering

Postby cletus » Fri Apr 01, 2011 3:28 pm

out of FAZ, if market collapses monday, I'm still 50% short, if it rises, I'll get a better entry on FAZ, total profits of about 2% on it, great day
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Re: 04/01/2011 Intraday Watering

Postby dr659 » Fri Apr 01, 2011 3:29 pm

JTrader wrote:I'm a trapped short so take my post with a grain of salt. :) Looking at this chart, it's hard to imagine being a buyer at these levels. Especially considering the glaring resemblance to Feb 18th.

Image

what is trapped? Trapped short or trapped long I have heard that used hear before ,thanks :?:
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Re: 04/01/2011 Intraday Watering

Postby cletus » Fri Apr 01, 2011 3:31 pm

recently they've been using VIX phantom bar down ticks to signal buy points in the market
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Re: 04/01/2011 Intraday Watering

Postby nikman » Fri Apr 01, 2011 3:32 pm

Dow Trader wrote:my shorts "sell today's open in Russell" working very well so far.... and ES strong resistance 1330 proved is still resistance specially if we close near the LOD. :mrgreen:


Dow Trader,

Good call. Are you going to hold your shorts over the weekend?
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Re: 04/01/2011 Intraday Watering

Postby StrikePrice » Fri Apr 01, 2011 3:32 pm

JTrader wrote:I'm a trapped short so take my post with a grain of salt. :) Looking at this chart, it's hard to imagine being a buyer at these levels. Especially considering the glaring resemblance to Feb 18th.

Image


You could also say today looks like December 7, 2010.

So test 1320 early next week and up up from there.
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Re: 04/01/2011 Intraday Watering

Postby thelefteyeguy » Fri Apr 01, 2011 3:33 pm

nothing to see, another trap
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Re: 04/01/2011 Intraday Watering

Postby Me XMan » Fri Apr 01, 2011 3:36 pm

GOT MY LUNCH and DINNER MONEY!!! :lol:

cletus wrote:Another failed trend day. This is not healthy.
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Re: 04/01/2011 Intraday Watering

Postby Cobra » Fri Apr 01, 2011 3:37 pm

little fib here. Again the bullishness we've seen those days won't just go away, so I don't think it's time for bear to be happy here.
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Re: 04/01/2011 Intraday Watering

Postby Me XMan » Fri Apr 01, 2011 3:37 pm

Bulls are kinda tired don't you think?

Cobra wrote:little fib here. Again the bullishness we've seen those days won't just go away, so I don't think it's time for bear to be happy here.
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Re: 04/01/2011 Intraday Watering

Postby Dow Trader » Fri Apr 01, 2011 3:38 pm

nikman wrote:
Dow Trader wrote:my shorts "sell today's open in Russell" working very well so far.... and ES strong resistance 1330 proved is still resistance specially if we close near the LOD. :mrgreen:


Dow Trader,

Good call. Are you going to hold your shorts over the weekend?

yes,
reminder : my target in Russel yesturday's low
SPX target 1310
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Re: 04/01/2011 Intraday Watering

Postby cletus » Fri Apr 01, 2011 3:38 pm

Cobra wrote:little fib here. Again the bullishness we've seen those days won't just go away, so I don't think it's time for bear to be happy here.


Still argue the month-end trade could work next week, but agree this is probably not a market top.
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Re: 04/01/2011 Intraday Watering

Postby Cobra » Fri Apr 01, 2011 3:39 pm

Me XMan wrote:Bulls are kinda tired don't you think?

Cobra wrote:little fib here. Again the bullishness we've seen those days won't just go away, so I don't think it's time for bear to be happy here.


Yes, but my evil plan usually goes like this. Agree or not, my evil plan usually doesn't go very wrong, right? So bulls are not over yet.
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Re: 04/01/2011 Intraday Watering

Postby cletus » Fri Apr 01, 2011 3:45 pm

Me XMan wrote:GOT MY LUNCH and DINNER MONEY!!! :lol:

cletus wrote:Another failed trend day. This is not healthy.



eat well my friend :mrgreen:
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Re: 04/01/2011 Intraday Watering

Postby JTrader » Fri Apr 01, 2011 3:48 pm

dr659 wrote:
JTrader wrote:what is trapped? Trapped short or trapped long I have heard that used hear before ,thanks :?:



Just means I'm underwater. I shorted TNA at a much lower price and I'm experiencing a drawdown.

Anyway, looks like another end of day ramp job?! (edit: or not)
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