06/21/2011 Intraday Watering

[Nomorework]

Major move down tomorrow? Low volume 4 days in a row, similar to end of May run up off a temporary bottom... Someone smart, give me your thoughts.

[endangered510]

Doesn't matter. It all depends on the Greek vote.

[Nomorework]

Doesn't matter. It all depends on the Greek vote.

Greek vote is already priced in. If it passes, like EVERYONE assumes it will (me included), I don't see a major move. Today's cautious buying is taking care of that.

If it doesn't then it gets wild...

[soku]

ok, got to go. hopefully this is the start of the push up to at least test the day's high. I'll see if i can update via 3G device while outside. be nice to each other guys, don't forget to do your homework, absolutely no ice cream please!

if it cannot take previous high, is it considered a failed pattern? what's the aftermath?

[Mr. T]

YoKu/Soku = you cashing in bro?

Those filthy bears keep trying to steal my gold chains......

[shumushu]

Major move down tomorrow? Low volume 4 days in a row, similar to end of May run up off a temporary bottom... Someone smart, give me your thoughts.

Tomorrow is bullish because its Fed day. Historically, Fed days have been mostly bullish. We will start to some pullbacks on Thursday imo. For those who are interested in look at major news. Go to this link below.
http://www.forexfactory.com/calendar.php

[jamesmith]

ok, got to go. hopefully this is the start of the push up to at least test the day's high. I'll see if i can update via 3G device while outside. be nice to each other guys, don't forget to do your homework, absolutely no ice cream please!

hehehe~~ :twisted: 8-)

[soku]

ok, got to go. hopefully this is the start of the push up to at least test the day's high. I'll see if i can update via 3G device while outside. be nice to each other guys, don't forget to do your homework, absolutely no ice cream please!

if it cannot take previous high, is it considered a failed pattern? what's the aftermath?

never mind. we at new high

[soku]

YoKu/Soku = you cashing in bro?

Those filthy bears keep trying to steal my gold chains......

t, buy dip as i planned this morning.
me a perma bear, but from time to time i have 'other' bias. i don't mind bank some coins from the other bias

[whereismyorange]

Posted yesterday, target reached and exceeded.

[99er]

SPX
"I feel sick."
http://99ercharts.blogspot.com/2011/06/spx_8242.html
Grab the barf bag.

[cletus]

Major move down tomorrow? Low volume 4 days in a row, similar to end of May run up off a temporary bottom... Someone smart, give me your thoughts.

Tomorrow is bullish because its Fed day. Historically, Fed days have been mostly bullish. We will start to some pullbacks on Thursday imo. For those who are interested in look at major news. Go to this link below.
http://www.forexfactory.com/calendar.php

Interestingly, tomorrow is trading day 16 which in the last 4 months is 0 for 4 positive and an average gain of -0.56%. Be cautious here. Remember Bernanke has a knack for disappointing every time he fails to promote QE3.

[cletus]

Well, I've been saying how the market was not in a bear market and we were going to make new highs for weeks now, and no one believed or cared. I'm still bullish but just expect a pullback soon. I hold long term long positions and am up huge today.

Everyone who kept posting huge downside targets and been making huge bearish predictions have been proven wrong. Simple.

[Mr. T]

YoKu/Soku = you cashing in bro?

Those filthy bears keep trying to steal my gold chains......

t, buy dip as i planned this morning.
me a perma bear, but from time to time i have 'other' bias. i don't mind bank some coins from the other bias

Well, don't try and steal my gold chains...... that wouldn't be very nice.

"Friends don't let friends steal gold chains...... that should be a public service announcement".

I'll short this sucker too = when the time is right. GL

[99er]

ES
So what should we do now?
http://99ercharts.blogspot.com/2011/06/es_3739.html
"Can we go cliff diving?"

[Anaconda]

Well, I've been saying how the market was not in a bear market and we were going to make new highs for weeks now, and no one believed or cared. I'm still bullish but just expect a pullback soon. I hold long term long positions and am up huge today.

Everyone who kept posting huge downside targets and been making huge bearish predictions have been proven wrong. Simple.

I'm not sure who you're referring to, but making statements like yours does not endear you to anyone on this board. And, to be sure, had any of the bears on this board made a similar statement about their bullish predictions (like yours early last week), they would have looked rather foolish when the market touched 1258, shortly thereafter, no?

You've made some good short term calls on this board, so respect to you. Don't diminish it by gloating. We all get spanked by the markets at one point or another.

Just sayin'.

Peace.

[Tabby]

Well, I've been saying how the market was not in a bear market and we were going to make new highs for weeks now, and no one believed or cared. I'm still bullish but just expect a pullback soon. I hold long term long positions and am up huge today.

Everyone who kept posting huge downside targets and been making huge bearish predictions have been proven wrong. Simple.

I'm not sure who you're referring to, but making statements like yours does not endear you to anyone on this board. And, to be sure, had any of the bears on this board made a similar statement about their bullish predictions (like yours early last week), they would have looked rather foolish when the market touched 1258, shortly thereafter, no?

You've made some good short term calls on this board, so respect to you. Don't diminish it by gloating. We all get spanked by the markets at one point or another.

Just sayin'.

Peace.

Anaconda,
I completely agree with you.

[pablorynx]

Memento Mori.
The market can always just decimate us. good call, bad calls, it's all about managing risk.

[bbc]

Well, I've been saying how the market was not in a bear market and we were going to make new highs for weeks now, and no one believed or cared. I'm still bullish but just expect a pullback soon. I hold long term long positions and am up huge today.

Everyone who kept posting huge downside targets and been making huge bearish predictions have been proven wrong. Simple.

Most seasoned retailer traders do not trade by predictions, everyone has some bias, it's just a matter of how you can adjust your bias and react to new
information in a consistent basis.

I don't know whom you were referring to, just want to kindly remind you, if one always has to prove anything, it's either he is too vain, or he has little confidence.
It won't help you.

[agnosia]

We all get spanked by the markets at one point or another.

Words to live by... if someone professes to be right all the time it's a sure sign they are lying.