07/15/2011 Intraday Watering

[Dow Trader]

I will short YM at 12520-12530 area with stop and and reverse at 12556

[BullBear52x]

GM,
Transportation not participate on this move.

[fulkdaddy]

Hey look...it's Ben on his long board.
30Y http://99ercharts.blogspot.com/2011/07/30y_15.html
He's Hanging Ten!

99er, what do you use to come up with your target of 1264?

[Dow Trader]

OE day and we are in the middle of the range which means no good trade and could be a loss trade with wipsaw

[Bond]

Good morning everyone.

Just checking here. My feed from freestockcharts.com is showing SP-500 different price range with other feeds.
Is there something wrong with the freestockchart's feed?

As far as I know, its a big red candle and going down further and further. Don't look right.

[tomsky]

Good morning everyone.

Just checking here. My feed from freestockcharts.com is showing SP-500 different price range with other feeds.
Is there something wrong with the freestockchart's feed?

As far as I know, its a big red candle and going down further and further. Don't look right.

GM
yesterday i was unable to connect to freestock, maybe it guys just left

[BullBear52x]

we should get Neg. div. soon and will see from there if this sell will be a good sell or the reversal happen here.

[99er]

Honey...try this wave...
SPX http://99ercharts.blogspot.com/2011/07/spx_15.html
Small but fast.

[uempel]

Cobraaaaa!!!!!!!!!!!!!!!!!!

Just to let you know I bought the GOOG 565 call expiring next friday and its going to be worth $35-$40 ! I paid only $5!!!!! IM SOOOOO HAPPPYYY

Thanks for helping me out as alwayssss!!!

Congrats! I know guys who buy calls and puts before earnings. Their play is that the move will be fierce and the total investment will be easily covered by the strong move. If the move ain't strong they lose...

[cougar]

Watching GS with increased interest - particularly now after it completed the 4th touch of a “Gann 4” level. According to its illustrious author, a bounce here should have a follow-up. First target = 132.50 (MM 4/8 mid octave pivot).

=====================
For the first time in many months, I am now long GS, for a swing.

I went long GS yesterday. please keep posting on GS.

Janez: fundamental analysts see one problem with GS, for longer term: JPM reset the standard for the Investment Banksters so high, that GS will look poor in comparison.
GL with your trades!

[99er]

fulkdaddy: "1264"

The target is arrived at by using an AB-CD pattern (I think Cobra calls it a "Measured Move") where a second leg should equal a first leg. Works almost all the time within well-defined channels.

[BullBear52x]

No neg div will it just roll down? trades below 200ma here will be a sell also.

[PRI]

Good morning everyone.

Just checking here. My feed from freestockcharts.com is showing SP-500 different price range with other feeds.
Is there something wrong with the freestockchart's feed?

As far as I know, its a big red candle and going down further and further. Don't look right.

Doesn't that run on a delay?

[BullBear52x]

any one see bear flag on ES or just me?

[NDD]

Gotta love this beeing a shorty

Prelim UoM Consumer Sentiment
63.8

[99er]

BB52X: "No neg div"

Fascinating, eh?

Folks may not have that much confidence in the debt ceiling issue. Here's a thought from Felix Salmon:

The base-case scenario is, still, that the debt ceiling will be raised, somehow. But already an enormous amount of damage has been done: the US Congress has demonstrated clearly that it can’t be trusted to govern the country in a responsible manner. And the tail-risk implications for markets are huge. Think of the speed with which the Egyptian government collapsed earlier this year, or the incredible downward velocity of News Corporation right now. When you build up large stocks of mistrust and ill will, nothing can happen for a very long time. But when something does happen, it’s much quicker and much worse than anybody could have anticipated. The markets might not be punishing the US government at the moment. But the mistrust and ill will is there, believe me. And when it appears, it will appear with a vengeance.

http://blogs.reuters.com/felix-salmon/2 ... ng-debate/

[BullBear52x]

here's ES chart.

[Dow Trader]

EUR now playing exactly at the uptrend from Jul,12 low

[WhyNot]

Cobra went to Party last night and fell aspleep today

[NDD]

Who is holding this market up despite negative figures dropping from all around the world... due to OE ??