08/01/2011 Intraday Watering

[nasa1100]

hmm, nice, just right after I said double bottom has better chances I got slapped, a Descending Triangle breakdown, tinted area as target.

a bad data coming out again!

[agnosia]

make that a 5$ range day on crude! wow. we need to hold the intermediate swing high of 93.45

[soku]

hmm, nice, just right after I said double bottom has better chances I got slapped, a Descending Triangle breakdown, tinted area as target.

lol then it is my turn.
i think we are bottoming around es 1271-1273. i will not go long since the down trend was very strong and today itself is a reversal day. not worth it.
also japan quake again. usd/jpy cooled down a little bit, but i still hold the short.

[KENA]

kena, thanks for the soda. i grab 8 bucks and change
what else? bring them on.

I sold out all my longs for a small profit.The Dorsey Wright P& F charts have a lot of "o's".The main NYSEBP still has to go dn 11/3 to change trend to Dn.If mkt stays dn like now it is possible to change tonight.The only Stock I have now ,would be BLWD.I posted that earlier today to watch and i will still get in NFLX again but depends on mkt.

[ocassional observer]

this is exactly where i think those who do only technical analysis might get burned. the low print ISM of today completes john hussman's recssion indicators that i mentioned about a week ago. he is referring to it again today: http://www.hussmanfunds.com/wmc/wmc110801.htm. together with the debt ceiling deal which will lower GDP a recession is inevitable and no 2nd half rebound is coming.

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold.html
Silver http://99ercharts.blogspot.com/2011/08/silver.html

[Out of Bounds]

lol then it is my turn.
i think we are bottoming around es 1271-1273. i will not go long since the down trend was very strong and today itself is a reversal day. not worth it.
also japan quake again. usd/jpy cooled down a little bit, but i still hold the short.

I am looking at the same target area.

[99er]

Updates

Crude http://99ercharts.blogspot.com/2011/08/crude.html
30-Year http://99ercharts.blogspot.com/2011/08/30y.html

[BullBear52x]

this is exactly where i think those who do only technical analysis might get burned. the low print ISM of today completes john hussman's recssion indicators that i mentioned about a week ago. he is referring to it again today: http://www.hussmanfunds.com/wmc/wmc110801.htm. together with the debt ceiling deal which will lower GDP a recession is inevitable and no 2nd half rebound is coming.

TA got burned? That's what I trade with 90% of the time.

[BullBear52x]

Updates

Crude http://99ercharts.blogspot.com/2011/08/crude.html
30-Year http://99ercharts.blogspot.com/2011/08/30y.html

You forgot Copper

[lumeipro]

bought some Qs Call contracts. 57 is the 1st support. let's see if it holds. If it does, will add more calls.

[99er]

Honey...what's for lunch?
SPX http://99ercharts.blogspot.com/2011/08/spx_9460.html

[BullBear52x]

One thing amazed me in trading is that people love to counter trade so much, I try to rid that mentality but it is hard some times.

[soku]

kena, thanks for the soda. i grab 8 bucks and change
what else? bring them on.

I sold out all my longs for a small profit.The Dorsey Wright P& F charts have a lot of "o's".The main NYSEBP still has to go dn 11/3 to change trend to Dn.If mkt stays dn like now it is possible to change tonight.The only Stock I have now ,would be BLWD.I posted that earlier today to watch and i will still get in NFLX again but depends on mkt.

based on my understanding, i assume u want to drink soda and have some chicken wings?
checked chart for bwld. well as usual, i think u r ahead of the curve. i will wait till it is fully cooked.

[Cobra]

breakdown then consolidate below the breakdown point, no good.

[99er]

Copper
Update.
http://99ercharts.blogspot.com/2011/08/copper.html

[KENA]

kena, thanks for the soda. i grab 8 bucks and change
what else? bring them on.

I sold out all my longs for a small profit.The Dorsey Wright P& F charts have a lot of "o's".The main NYSEBP still has to go dn 11/3 to change trend to Dn.If mkt stays dn like now it is possible to change tonight.The only Stock I have now ,would be BLWD.I posted that earlier today to watch and i will still get in NFLX again but depends on mkt.

PS..The only stock i have now should read..The only stock i am watching is BLWD etc.Sorry for the error.

[99er]

Steak tartare?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd.html
In Paris?

[nonabear]

I know the VIX has had a big move, but being this is the 7th down day in a row and the market is down 30 (on the ES) from the open this morning, shouldn't the VIX be up more than 1% today.

We could get a close near the lows today and another gap down tomorrow, but I believe we see the open of today by the end of the week, if not higher.

Thoughts?

[soku]

kena, thanks for the soda. i grab 8 bucks and change
what else? bring them on.

I sold out all my longs for a small profit.The Dorsey Wright P& F charts have a lot of "o's".The main NYSEBP still has to go dn 11/3 to change trend to Dn.If mkt stays dn like now it is possible to change tonight.The only Stock I have now ,would be BLWD.I posted that earlier today to watch and i will still get in NFLX again but depends on mkt.

PS..The only stock i have now should read..The only stock i am watching is BLWD etc.Sorry for the error.

no such tick BLWD. i will have BWLD for lunch.
there is one 3-4 miles away. i will do a field test and report back. ciao