07/13/2011 Intraday Watering

Sqwii · Post by **Sqwii** » Wed Jul 13, 2011 10:29 am

European markets still sideways , flat ? Is the US right or are they going to follow Asia and Europe markets down below the lows in June ? only god knows.

lilitulip · Post by **lilitulip** » Wed Jul 13, 2011 10:33 am

GM Cobra, do you see SLV still in retangular or it broke out? thank you

soku · Post by **soku** » Wed Jul 13, 2011 10:36 am

soku wrote:market getting tired. i think it may retest 1320 for the quality of b-o. i will pick side over there

apparently i am wrong. dx drop over 1% now and es is in rally again.
the stupid cat jump 90 cents in last 15 min which means i lost 90cents on my shorted 110c

davros · Post by **davros** » Wed Jul 13, 2011 10:37 am

cougar wrote:Trading GS: although shorting it was the best game in town, we might be close to a reversal.

well spotted

cheech · Post by **cheech** » Wed Jul 13, 2011 10:40 am

IYR still pretty much flat. I don't see it as positive.

BBFinance · Post by **BBFinance** » Wed Jul 13, 2011 10:40 am

Cobra, fade the move?

Post by **Cobra** » Wed Jul 13, 2011 10:40 am

resistance. better some consolidation here...

99er · Post by **99er** » Wed Jul 13, 2011 10:41 am

Bonds, Ben.
30-Year http://99ercharts.blogspot.com/2011/07/30y_13.html
Bonds.

"It's the economy, ..."

cheech · Post by **cheech** » Wed Jul 13, 2011 10:42 am

Strange resistance line here. Not sure what that is.

Post by **Cobra** » Wed Jul 13, 2011 10:42 am

BBFinance wrote:Cobra, fade the move?

not yet, the push up is strong. you know i don't front run the market, so i'm thinking long somewhere, but may short at close if we close right around here. it's range bounded market so far, so both long and short are options now.

TexasGordon · Post by **TexasGordon** » Wed Jul 13, 2011 10:43 am

Cobra, in last nights report you said you were pretty certain any big rise today would be a sell, and lower lows were ahead. Do you still feel this way. ?

Sqwii · Post by **Sqwii** » Wed Jul 13, 2011 10:43 am

This is what happends guys.

UUP dollar is backtesting broken resistance today.... which acts as support.

They are making a quick snap back rally for euro to backtest the broken support FXE.......

Much more EU news to come tomorrow Thursday and Friday..... with stress test...

I think we are about to see some MAJOR panic.. in markets - those "quick" rallies... is nearly always bearish like we just saw from 30 min ago. Lets see how we go from here into close

agnosia · Post by **agnosia** » Wed Jul 13, 2011 10:44 am

hey guys sorry for not posting... just sold my last crude contract @ gap fill 98.67... i am flat now.. phew, this trading stuff is stressful .. i am mentally tired from these past couple of days, time for a mini-break

Sqwii · Post by **Sqwii** » Wed Jul 13, 2011 10:44 am

Also 30 min chart decreasing volume on move up.........people bullish and think this was the dip , will get SCREWED next days imo... and I think they will get screwed in a big way to the downside from here...... time will tell....

Post by **Cobra** » Wed Jul 13, 2011 10:45 am

lilitulip wrote:GM Cobra, do you see SLV still in retangular or it broke out? thank you

still think it's a Pennant or flag. cannot you check the chart in my public chart list? It's there at 4.8.8

soku · Post by **soku** » Wed Jul 13, 2011 10:45 am

Sqwii wrote:This is what happends guys.

UUP dollar is backtesting broken resistance today.... which acts as support.

They are making a quick snap back rally for euro to backtest the broken support FXE.......

Much more EU news to come tomorrow Thursday and Friday..... with stress test...

I think we are about to see some MAJOR panic.. in markets - those "quick" rallies... is nearly always bearish like we just saw from 30 min ago. Lets see how we go from here into close

rumor says some germany bank failed in stress testing. if it is true, major panic will come. i am just wishfully hoping

KENA · Post by **KENA** » Wed Jul 13, 2011 10:46 am

soku wrote:kena, wake up. any edge on cat?
i have a covered call structure that i disclosed last week. now the 110c is doing dead cat bounce to me. any comments suggestions?

No..I got traped in Cat.Made up a little but I hope it will correct back more.Your covered call could do better.Cat is up good this morning..Not doing to much trading right now.Got this bad tooth acke.If you think the the mkt takes your money just go to the dentist.I go back in tomorrow afternoon for a root canal.Then maybe I will be ok..but much,much,much poorer.Ha,Ha.

Post by **Cobra** » Wed Jul 13, 2011 10:47 am

TexasGordon wrote:Cobra, in last nights report you said you were pretty certain any big rise today would be a sell, and lower lows were ahead. Do you still feel this way. ?

Yes. so now we have high higher ahead and lower close ahead, so this means a range bounded market. we have to act quick if want to be right on both direction.

BlackThought · Post by **BlackThought** » Wed Jul 13, 2011 10:51 am

cheech wrote:IYR still pretty much flat. I don't see it as positive.

IYR leads market?

BullBear52x · Post by **BullBear52x** » Wed Jul 13, 2011 10:53 am

I am waiting to sell the next new HOD, I want to see a divergence before pulling a trigger.

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07/13/2011 Intraday Watering

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