06/03/2011 Intraday Watering

[Cobra]

ok, gangs, have to go. going to show my ipad program i written to someone, big show. see you in 1 hour!

[jamesmith]

pleeeeeeeeeeeeeaaaaaaaaaaaaaaaaaasssssssssssssssssss, nooooooooooo! I'm about to leave, don't you dare to fail me. :cry:

leaaaaaaaaaaaaaaaave? laoda~~~~~~~ where are you going? :o

[quientuves]

This looks a lot what Cletus said... M.

[viewer]

ok, gangs, have to go. going to show my ipad program i written to someone, big show. see you in 1 hour!

Good Luck!

[cougar]

AAPL will not close above 345 since there are still lots of open Weekly 345 Calls which “have to expire worthless”… according to the Big Boys.
However, next week is important for AAPL…and a very different story…
I am staying hedged, holding call time spreads, with a bullish bias.

The butterfly and the fork:

[BullBear52x]

Looks like the Mkt is trying to fake out both bulls and bears. Who will win.Lets see.

Very good show don't you think?

[jamesmith]

AAPL will not close above 345 since there are still lots of open Weekly 345 Calls which “have to expire worthless”… according to the Big Boys.
However, next week is important for AAPL…and a very different story…
I am staying hedged, holding call time spreads, with a bullish bias.

The butterfly and the fork:

AAPL WWDC 2011 next Monday

[KENA]

Looks like the Mkt is trying to fake out both bulls and bears. Who will win.Lets see.

Very good show don't you think?

Yes..In the intermediate term the bears may win.

[BullBear52x]

tiny bear flag here could be fast and furious!

[cougar]

Yes James...that is what I was talking about!

Just noticed: AAPL with 2 forks looks even better.
It deserves a green arrow if the “crossroad support” holds to the end of the day.

[StrikePrice]

Yesterday and Today rallies look corrective and not impulsive.

The move up for a C Wave should complete Monday or Tuesday and then we get another 5 Wave impulsive move down....charts to follow.

1275-1250 range seems likely on SPX.

[BullBear52x]

Selling pressure is high, VIX is on the move too.

[AK84]

WHEREEEEEEEEEEEEEEEEEEEEEEEEEEEE is BENNNNYYYYYYYYYYYYYY ? ? ? ? ? ? ?

[KENA]

BB52X..Looks like we are taking out your 130.98,Next the 130.08 Lo????

[BullBear52x]

BB52X..Looks like we are taking out your 130.98,Next the 130.08 Lo????

To have any buyable dip signal, I would expect 130.08 or lower.

[jimmythegeek]

Lots of trading left for today, but in looking at SPY volumes today only (making possibly bad assumption that for the most part the existing open interest for the weekly expiration was mostly hedged coming into the day with an uncertain unenjoyment number), 131 even would be a nice place to peg it for expiration. The 131 straddle could be sold for approx. .70 (.77 when I started typing--too slow!) Not my trade, but the pros that are a lot quicker may be looking at this. Great weekend to all!

Looking pretty good for SPY close within a penny or two of 131, but anything can happen as we know. The 131 straddle is now at .47. With the high volume today of 131 puts I think every effort will be made to make sure they do not close in the money. Time will tell!

[cletus]

Look at the support line that silver hit and bounced. Look at the possible inverted head & shoulders bottom. Just be careful on it. Could be one more tiny drop left but I am officially neutral on silver going forward and probably won't trade it for awhile longer.

[BullBear52x]

Conservative target.

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/06/spx_1008.html

[shumushu]

I am trying to be objective here: I think today is very choppy intraday wise. market isn't throwing us a bone. Look at nasdaq index. Not a tradable environment.