08/05/2011 Intraday Watering

[shumushu]

ON THE WAY BACK UP!

[agnosia]

if someone claims they traded today spot on, please post your transactions because i won't believe you well that or you are very lucky and don't use stops, etc.

My 4 ops today:

Short 1193 - 1189 x2
Long 1183 - 1188 x2
Long 1177 - 1186 x2 (SP)
Long 1196 - 1201 x1

Now on cash. No failed op today.

Yesterday, things were slightly different. I was the bigger shorting guy last 6 months... it was MY day and i couldn't figure was going on till half session.

ok you scalped a bit and got a few points - i want to see someone claim they got the moves from 1160 to 1200 and 1219 down to 1160.

[grachu]

cobra where do you see the snap up rally ? going ?
and when do you think it can happen ? IF WE CLOSE UP , you see this happening in monday? or IF WE CLOSE DOWN ? ....?

[General doofus]

S&P 500 dividend yield now pays higher than the 10-year US treasury yield. the last time happened was in late 2008/early 2009 -- just before market reversal and bull rally.

[Mr. T]

if someone claims they traded today spot on, please post your transactions because i won't believe you well that or you are very lucky and don't use stops, etc.

My 4 ops today:

Short 1193 - 1189 x2
Long 1183 - 1188 x2
Long 1177 - 1186 x2 (SP)
Long 1196 - 1201 x1

Now on cash. No failed op today.

Yesterday, things were slightly different. I was the bigger shorting guy last 6 months... it was MY day and i couldn't figure was going on till half session.

ok you scalped a bit and got a few points - i want to see someone claim they got the moves from 1160 to 1200 and 1219 down to 1160.

"I DID, I DID!!!!!"

No, not really - I didn't

Maybe Cramer did!!!!

[Cobra]

no comments, need watch more bars. normally, the rebound is not over yet.

[quientuves]

ok you scalped a bit and got a few points - i want to see someone claim they got the moves from 1160 to 1200 and 1219 down to 1160.

Sorry, didn't understand the meaning of "spot on".

[Cobra]

cobra where do you see the snap up rally ? going ?
and when do you think it can happen ? IF WE CLOSE UP , you see this happening in monday? or IF WE CLOSE DOWN ? ....?

I only know the rebound is within 1 to 3 trading days and not small. I cannot timing exactly when and how large. If indeed I can, I'd be very rich now instead of staying here hard working, right?

[Cobra]

Cobra, is the C word for real this time?

sorry, don't understand?

[agnosia]

ok you scalped a bit and got a few points - i want to see someone claim they got the moves from 1160 to 1200 and 1219 down to 1160.

Sorry, didn't understand the meaning of "spot on".

it's british slang for "exactly" (?)..

[hemlock21]

Not sure rebound gets sold, as the TNX is up as well, money flowing into bonds.

[uempel]

For bulls it's crucial that SPX jumps back over the 377 MA, now at 1209. If this MA is not crossed today or Monday I'll close my longs.

[Cobra]

lunch time, will be back. hard to call now maybe i'm too hungry. need have some birds or frogs.

[debossman08]

For bulls it's crucial that SPX jumps back over the 377 MA, now at 1209. If this MA is not crossed today or Monday I'll close my longs.

SPX7.png

Love your charts uempel. But I'm sorry I am at a lost from lack of knowledge. If you could help out my learning experience, I'd appreciate it.
Is the 377 MA the dark blue line or yellow line? (Thank you for the oneliner above the graph by the way.)

TIA

[Michelle]

For bulls it's crucial that SPX jumps back over the 377 MA, now at 1209. If this MA is not crossed today or Monday I'll close my longs.

I like your charts. I'm glad you pointed that out.

[Cobra]

i see Triangle here, so should be more push up.

[uempel]

For bulls it's crucial that SPX jumps back over the 377 MA, now at 1209. If this MA is not crossed today or Monday I'll close my longs.

SPX7.png

Love your charts uempel. But I'm sorry I am at a lost from lack of knowledge. If you could help out my learning experience, I'd appreciate it.
Is the 377 MA the dark blue line or yellow line? (Thank you for the oneliner above the graph by the way.)

TIA

Thanks, the indication was cut off the chart. 377 MA is blue (now at 1206), the yellow MA is the 610, which is the last line in the sand (stockcharts does not enable MAs above 600, so it's actually a 600 and not the 610)

[Cobra]

tinted area as text book target.

[uempel]

For bulls it's crucial that SPX jumps back over the 377 MA, now at 1209. If this MA is not crossed today or Monday I'll close my longs.

I like your charts. I'm glad you pointed that out.

Thanks, at the moment it's fun to watch SPX jumping up and down around 1209. Traders are undecided about the direction.

[DaWay]

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