07/07/2011 Intraday Watering

[Anaconda]

you guys still waiting for that pull back ? lol

I just pulled the trigger on the QQQ's. Might be a little early. But, I set my buy/sell points a little below/above likely bot triggers.

nice. i have been long since /es 1260.. sometimes the best thing to do is nothing. we're headed to 1400 /es....

You stud!!! Very nice. Careful, though! We are due for that pullback, friend.

[cougar]

Second variant:

I'm not an elliot wave expert, and do not trade waves since I'm somewhat concerned with developing a trade bias based on wave count. But I do use waves to arrive at price projections, as paradoxical as that sounds.

I am no EW expert either. Using EW toward price projections actually makes sense. I am often doing the same.

Please see my previous post. I editted it to include a historical chart with projections that turned out well.

Yes, this is a possibility. Some people might argue that the “internal proportionality” is not perfect, but I would not worry about that. If it turns out to work, it’s alright!

[The Hook]

Looking to go long here is just like betting on a crash, but in reverse. You are going to find out about several fund liquidations which were short focused IMO.

[Anaconda]

target reached, overshot, volume surge, I believe we'll see a pullback soon.

Shifu Cobra - any estimates on where you think we pull back to?
TIA
A

[BullBear52x]

Some thing fishy, look at IWM leaving the party ?

[silicon_beaver]

Good. Thanks Cobra.

Plan to hold my positions until Friday. Let's see.

[MajorEasy]

TLT 60 min chart suggests long trade here.

[Cobra]

target reached, overshot, volume surge, I believe we'll see a pullback soon.

Shifu Cobra - any estimates on where you think we pull back to?
TIA
A

not tradable I guess, so doesn't matter.

[rhight]

you guys still waiting for that pull back ? lol

I just pulled the trigger on the QQQ's. Might be a little early. But, I set my buy/sell points a little below/above likely bot triggers.

Does that mean you went long, or sold your long?

[StrikePrice]

breakout as I said, maintain the target, still not much to say.

Love your targets, Cobra. Looks like we could get there by 2:30 to 3pm. Then I guess some selling into the close?

Thanks. Great day!

Target and Time hit. Nice teamwork.

I don't see much below 135.50 into the close so I'm staying away from shorting for this pullback. Always best to trade the trend.

[agnosia]

vix is not confirming the move today.

you guys still waiting for that pull back ? lol

I just pulled the trigger on the QQQ's. Might be a little early. But, I set my buy/sell points a little below/above likely bot triggers.

nice. i have been long since /es 1260.. sometimes the best thing to do is nothing. we're headed to 1400 /es....

Wow nice, good stuff

thanks.. i posted last week telling everyone i was going all in

this move in oil is surprising. didn't think we would get over 96. i still don't trust that rally.

good luck to u all. going to continue to monitor but i don't see why we don't get to new highs. this is the euphoria stage of this rally... the final stage in the bull run.

[cougar]

Maybe BullBear, but not for long....
I sold (to open) IWM Jul 87 C and kept Aug 86 C, previously purchased.

[Anaconda]

you guys still waiting for that pull back ? lol

I just pulled the trigger on the QQQ's. Might be a little early. But, I set my buy/sell points a little below/above likely bot triggers.

Does that mean you went long, or sold your long?

I dumped 'em.
A

[Cobra]

lots of supports below, so I won't expect the pullback to go far.

[BullBear52x]

Maybe BullBear, but not for long....
I sold (to open) IWM Jul 87 C and kept Aug 86 C, previously purchased.

this is where 100% of swing trade are clean. wait and see if not short.

[rhight]

you guys still waiting for that pull back ? lol

I just pulled the trigger on the QQQ's. Might be a little early. But, I set my buy/sell points a little below/above likely bot triggers.

Does that mean you went long, or sold your long?

I dumped 'em.
A

Figured as much. This move has been radical, and on declining volume, with a negative divergence forming on NYUD. Which is not to say there won't be a higher high, but some kind of pull back is in order. The slope is just too steep.

[cougar]

Maybe BullBear, but not for long....
I sold (to open) IWM Jul 87 C and kept Aug 86 C, previously purchased.

this is where 100% of swing trade are clean. wait and see if not short.

Just noticed that you use MAT(195)! Excellent choice, BullBear!
I happen to use it too…

[Avitar]

Someone was asking for this:

[BullBear52x]

Maybe BullBear, but not for long....
I sold (to open) IWM Jul 87 C and kept Aug 86 C, previously purchased.

this is where 100% of swing trade are clean. wait and see if not short.

Just noticed that you use MAT(195)! Excellent choice, BullBear!
I happen to use it too…

Price pay right? not the volume or bull/bear %

[Anaconda]

Agnosia: "this is the euphoria stage of this rally... the final stage in the bull run."

Brother, I think you're dead right. Feels like 2000 and 2007, all over, to me. Wacky stuff.