08/11/2011 Intraday Watering

[Cobra]

rising wedge resistance.

hi, cobra:
another MAD after MDD, the rule still working?

what rule? small range day after MAD/MDD? that doesn't matter as long as other rules work, that's fine. Did all the other rules work? The answer is for sure. So?

[Dow Trader]

[Dow Trader]

[AK84]

Out of SODA calls

sold at 2.60

purchase 1.85, that didn't take too long....

long ATM Sept puts on CSCO

Good trading..Feels good to win.

Awesome!!

[pidge66]

Question: Regarding Al Brooks' L1/L2, does L2 have to be higher than L1 ?

[AK84]

if the market has bottomed in the short term. i dont think we'll see more than 1210. Thats the trendline resistance on daily!

[KENA]

Looking at the Stoh's on some of the indexes they are getting overbought allready. Maybe they will stay overbought for a bit.

[AK84]

Hi Cobra,

Sorry to be persistent but just wondering if you had a chance to look at my questions about TLT and FXF? Do you think the first pullback is a buy considering big run up ? or they look good to short ?(TLT looks nice to short im not so sure about FXF....if anything i wanna get into it . )

Thank you .

[fuddleduddle]

Can't stop but imagine that you're actually sitting in front of your computer and trading.. with cool sunglasses on.

[Cobra]

testing MA200 now, nothing to say.

[dr659]

Looking at the Stoh's on some of the indexes they are getting overbought allready. Maybe they will stay overbought for a bit.

I see that, I`m hoping they can stay overbought fow a few more

[StrikePrice]

I believe R.N. Elliott calls this a Wave 3 lol.

[Mr. T]

Um, can we expect follow thru tomorrow?

It'd suck to be down 600 tomorrow and wipe all this out.

[Dow Trader]

I would not short here or today, If and If i want to start watching for shorts, I will wait for tommorow if it is an up day before the close if there is a potintial sell signal

[BullBear52x]

Congratulations all bulls, now I see green shoot all over the places, another up day will confirmed buy that DIPS. tight stops it is....cheers, thank the master again, I know this market is not rigged

[KENA]

Sold my Spy longs.Good profit.Dont' want to be greedy.Holding all others.

[Cobra]

trend line and EMA20 support, still not much to say, the rebound is strong, may go on tomorrow, but still it's just a rebound.

[Dow Trader]

For me, it is very risky to short Dow when it is above the cloud and the cloud is clearly trending

[Cobra]

Guess that's it for today, thank you guys, I'll see you tomorrow.

[hiram]

wow what just happend to faz???