07/01/2011 Intraday Watering

[BullBear52x]

if .50 is good then we should get 132.5 and will see from there.

[StrikePrice]

Does your TV get this channel?

First of the month seasonality wins. Cobra's higher high wins.

Certainly looks like an ok short here?

[cougar]

cougar:

Watch this.
SPX http://99ercharts.blogspot.com/2011/07/spx_01.html

[janez]

first of all, don't fight, trend is tide, even you can catch every wave (like I do ), a wave that is against the tide has not much meat. so I'm very clear here, OK.

One can never have enough of this type of reminders. I tend to think counter-trend.
Thank you.

[BullBear52x]

Does your TV get this channel?

First of the month seasonality wins. Cobra's higher high wins.

Certainly looks like an ok short here?

I shorted every points there on your chart, but end up with commission fee, I sell until it hit 200ma 1min. at least before a morning break. on the buy it's easy we all know.

[99er]

Honey...do you prefer this in gold?
http://99ercharts.blogspot.com/2011/07/gold.html

[Cobra]

Still think the bar is an exhaustion bar, a little consolidation here for a bar or two would be better for bull cases.

[TexasGordon]

Next step if my streak of good calls this week will be to retest the 50 sma at 1316 , next week.

[cougar]

IWM today: P/C vol. ~3.5

[99er]

Honey...how about in black?
http://99ercharts.blogspot.com/2011/07/crude.html
You look better in gold.

[KENA]

I got traped with my shorts but I would not buy this mkt right now.Everything feels like a pull back.The mkt is up to big to quick.Looking to make up some on the mkt pull back which I think will be sooner then later.Lets see.

[BullBear52x]

If it's during a down we should get the fast and furious move down soon but not on this new movie.

[BullBear52x]

I got traped with my shorts but I would not buy this mkt right now.Everything feels like a pull back.The mkt is up to big to quick.Looking to make up some on the mkt pull back which I think will be sooner then later.Lets see.

That is signs of perma bears I am with you I will sell any chance I got just not over night, it's bulls town.

[shumushu]

Thrust outside of the BB 2.0!, Haven't seen something like this since march low. I hold no position right now except a short in silver.

[StrikePrice]

I'm not quite at the level of Strategy Trader like Cobra. Still learning and working on it. I'm a Technical Trader who does a few discretionary trades based on my gut still.

My biggest loss of the year came from TVIX (light blue circle). I posted yesterday that I bought a little TVIX. This is a good example of why I can't call myself a Strategy Trader yet. Still doomed to repeat stupid mistakes. I'm always learning more from bad trades than good ones.

Volatility trading is a difficult beast and I'm reading up more to learn how to tame it better than I have in the past.

[BullBear52x]

this little flag fly to new high all week this week, let see this time will it fail? I don't see it will just yet.

[barbaragull]

I dare not add my VIXY any more, so the market could go down now

[silverharp]

DX is testing yday close of 74.635 , if it puts a low in here ....

[uempel]

uempel:

An Elliott Wave guy could possibly count your chart as an A-B-C up now to 2.

Fun!

I'm a Newton guy, apply his 3rd law actio-reactio as instrument: Actioni contrariam semper et æqualem esse reactionem: sive corporum duorum actiones in se mutuo semper esse æquales et in partes contrarias dirigi

[Nomorework]

I dare not add my VIXY any more, so the market could go down now

I know a lot of us on here don't trade fundamentals but that Manufacturing number was bogus, the inventory gap is huge! They may be making it, but who is buying?

Cobra, How much upside is left in this tide?