08/08/2011 Intraday Watering

[WhyNot]

hmm, failed even faster than I thought, but I think that's pretty much for today.

Think Twice Cobra. With this market until last second is a surprise

[General doofus]

when the vix opens and closes above its BB, is that usually a short term reversal signal?

[Tabby]

Fed hands are tied...there will be no QE3.

Well today was... expected but unexpected? I definitely covered too early today. We all saw this coming to BAC..

QE3 will be annouced tomorrow, does it even matter anymore though? Probably not.

Tomorrow is the FOMC meeting at 1415. Jackson Hole Symposium 2011 is sometime around Aug 23-29. I did not see any set date on the site.

My bad. Yes the FOMC meeting is tomorrow, not JH. I think the tentative date for JH is Aug 25th.

I don't see anything schedulled for upcoming events. I was just guessing for Aug 23-29.
http://www.kc.frb.org/publications/rese ... rchive.cfm

[silicon_beaver]

Time to cover, since the rule said no long over night.... cash is king.

Please help me fill in the blank
Bulls/Bears make money, _______ got slaughter

whoever came up with that, it's funny, mean...but funny.

have a good one everyone

Of course, sheep get slaughter.

[agnosia]

shit bears still in control. they are shorting the 20ema on the 5min again. lows gonna be revisited again ? they are a mere 20 points below or $1000 bucks for 1 es contract.

[WhyNot]

OMG Unbelievable

[agnosia]

bears know how to throw a party i want to join their club.

[agnosia]

today was such a disappointment , i only made $450 so many opps missed... hard to go from buying dips to selling rips. i need time.. lol.

have a good one guys, thanks all for charts , commentary and flavor

[fuddleduddle]

Fed hands are tied...there will be no QE3.

Well today was... expected but unexpected? I definitely covered too early today. We all saw this coming to BAC..

QE3 will be annouced tomorrow, does it even matter anymore though? Probably not.

Tomorrow is the FOMC meeting at 1415. Jackson Hole Symposium 2011 is sometime around Aug 23-29. I did not see any set date on the site.

My bad. Yes the FOMC meeting is tomorrow, not JH. I think the tentative date for JH is Aug 25th.

I don't see anything schedulled for upcoming events. I was just guessing for Aug 23-29.
http://www.kc.frb.org/publications/rese ... rchive.cfm

http://www.oecd.org/document/49/0,3746, ... _1,00.html

[ccash04]

Theres probably going to be more late day selling as margin calls come in. Judging by todays action I would think there would be quite a few margin calls today.

Cashing out on shorts, thinking the last 30 mins as usual is margin call time.

[soku]

me on vacation. should not look at the market, but i did. i know i'm addicted.
1140 area shows some support. if cannot hold for mid-term, the next stop will be 1100.
me the perma bear, do u hear me roar.
good luck

/es is approaching my line at 1140. i still think it will hold here. bears may give another try later.

well, bears are in charge now. retest and break 1140 in minutes. 1135.25 was a tested area a while ago, which may provide some support.
i still feel it may stop bleeding soon.

my estimation, since 1140-1135 area did not even in play. the next stop is 1100. let's see if it will work.
good luck

[Tabby]

Thanks Fuddleduddle for the site info.

[99er]

ES
Targeting 929.
http://99ercharts.blogspot.com/2011/08/es_7849.html