07/14/2011 Intraday Watering

[uempel]

Update SPX with MAs and BBs:

[Dow Trader]

I just shorted YM at 12490 with buy stop and reverse above yesturday's high

[uempel]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Blonde lady with long legs?

[Pharmboy]

Great board, love the charts! My giveback, although not as sexy and intraday as all of you is in PLX. I think I noted them before, but their 'drug', which is an enzyme, works and they need time to gather a bit of info the FDA asked for. Think of them as a tiny GENZ, which was bought by SNY. If one notes the drop in Feb, that was b'c the FDA asked for more data, but the jist is the FDA allowed PLX to give their 'drug' to the patients who needed it when GENZ had the manufacturing issues last year. This will be resolved, but will take time. The stock broke out a few days ago, but is still in consolidation. Disclaimer....I do own a bunch of them! One can buy the stock and sell the August $7.5 P and calls for $1.30 for the first 1/4 entry....I see them at $12 by EOY or sometime early next year.

[NDD]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Welcome aboard!

Thanks bro, whats your thought on going toward 1335-1340 and then another leg down? finding it hard to trade these volatile days since i'm usually into swingtrading..have a large pos short which i'm trying to hedge a bit on our way up and down.

[Cobra]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Blonde lady with long legs?

[NDD]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Blonde lady with long legs?

Sorry to dissapoint , black guy here with short legs...though they say i've got beautiful eyes. heh

[brownstein00]

love it very funny...

[Cobra]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Welcome aboard!

Thanks bro, whats your thought on going toward 1335-1340 and then another leg down? finding it hard to trade these volatile days since i'm usually into swingtrading..have a large pos short which i'm trying to hedge a bit on our way up and down.

For now I think it's the 2nd leg up so should fail eventually but to tell you the truth, I see clearly higher low and if we can make higher high, it's really hard to say whether the low was already in. Nowadays, with so much free money there, no matter you hate or not, we have to be a little bullish biased. This market cannot be simply reasoned.

[davros]

Great board, love the charts! My giveback, although not as sexy and intraday as all of you is in PLX. I think I noted them before, but their 'drug', which is an enzyme, works and they need time to gather a bit of info the FDA asked for. Think of them as a tiny GENZ, which was bought by SNY. If one notes the drop in Feb, that was b'c the FDA asked for more data, but the jist is the FDA allowed PLX to give their 'drug' to the patients who needed it when GENZ had the manufacturing issues last year. This will be resolved, but will take time. The stock broke out a few days ago, but is still in consolidation. Disclaimer....I do own a bunch of them! One can buy the stock and sell the August $7.5 P and calls for $1.30 for the first 1/4 entry....I see them at $12 by EOY or sometime early next year.

Last time you mentioned PLX I had a look at the chart and decided to take a dip, up quite a bit on that trade so far but it does look like due for a pullback doesn't it, but thanks for the tip!

[BullBear52x]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Welcome aboard!

Thanks bro, whats your thought on going toward 1335-1340 and then another leg down? finding it hard to trade these volatile days since i'm usually into swingtrading..have a large pos short which i'm trying to hedge a bit on our way up and down.

For now I think it's the 2nd leg up so should fail eventually but to tell you the truth, I see clearly higher low and if we can make higher high, it's really hard to say whether the low was already in. Nowadays, with so much free money there, no matter you hate or not, we have to be a little bullish biased. This market cannot be simply reasoned.

I will not discount the fact that SPY is well above mid BB 20, not bearish in most public eyes.

[99er]

Honey...what about Monte Carlo?
SPX http://99ercharts.blogspot.com/2011/07/spx_14.html
What for...to gamble?

[BullBear52x]

OK first shot here we go.

[Cobra]

ChiOsc is a little low, so doesn't look bad for bulls so far. Well, I hate to say this, but at least now proves my instincts for 2 legs up are not totally wrong, at least we have a Triangle here...

[NDD]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Welcome aboard!

Thanks bro, whats your thought on going toward 1335-1340 and then another leg down? finding it hard to trade these volatile days since i'm usually into swingtrading..have a large pos short which i'm trying to hedge a bit on our way up and down.

For now I think it's the 2nd leg up so should fail eventually but to tell you the truth, I see clearly higher low and if we can make higher high, it's really hard to say whether the low was already in. Nowadays, with so much free money there, no matter you hate or not, we have to be a little bullish biased. This market cannot be simply reasoned.

Wouldn't it be just wonderful with a market without politicians messin with it. aahhh. So frustrating. Well we'll just gonna have to se how it plays.

[BullBear52x]

The chart behind the move

[Cobra]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Blonde lady with long legs?

Sorry to dissapoint , black guy here with short legs...though they say i've got beautiful eyes. heh

[Cobra]

by the way, any of you guys remember what happened the last time we had a new record online? We had a new record again yesterday, so it could mean a pivot point? Any thoughts?

[NDD]

Hey guys, newly registered to this forum.

We broke 1323, hoping for rebound to 1335-1340 to get som new shorts. (Bearflag)

Greetings from Sweden

/NDD

Blonde lady with long legs?

Sorry to dissapoint , black guy here with short legs...though they say i've got beautiful eyes. heh

haha, what... theres no blonde long legged girls here. it's a myth. global warming has made us all a bit darker

[Pharmboy]

PLX - good to hear that you are up on them! Yes, should pull back here a bit and then continue its march up the $7.5, hence my Aug Strangle position which should pay of nicely in the end, and if not, then it is a 1/2 position. I think I noted CRIS (and BPAX) here a while ago as well....and both are on the march as well.