08/19/2011 Intraday Watering

[Out of Bounds]

check hpq. 22% drop.
eventually i got a bite. thanks to zerohedge

That's funny!

[alvian33]

what's wrong with the dollar it's falling like a piece of s***t, and we become poorer

[quientuves]

what's wrong with the dollar it's falling like a piece of s***t, and we become poorer

you become poor.. unless youcover yourself. i.e. XAU... or even the real thing.

[jarbo456]

testing the 200ma again on the 5min SPY chart. just waiting to get out of my long calls when the market gives me a chance.

[Out of Bounds]

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

Those numbers are completely wrong! Please ignore. They should be:
112.98 - 114.81.

[janez]

gap down but since yesterday was a Major Distribution Day, so I think the gap is likely to be filled today plus the Global ES as well as the regular hour ES may have 3 push down already, so there're some chances of rebound here. I'm not sure, let's wait and see.

Thanks. Nice to see some greens.

[janez]

gap down but since yesterday was a Major Distribution Day, so I think the gap is likely to be filled today plus the Global ES as well as the regular hour ES may have 3 push down already, so there're some chances of rebound here. I'm not sure, let's wait and see.

This really helps during the darkest hours. like the calmness.

[jarbo456]

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

Those numbers are completely wrong! Please ignore. They should be:
112.98 - 114.81.

hit your pivot. we getting out?

[Cobra]

gap filled but I think there's more on the upside.

[barbaragull]

gap down but since yesterday was a Major Distribution Day, so I think the gap is likely to be filled today plus the Global ES as well as the regular hour ES may have 3 push down already, so there're some chances of rebound here. I'm not sure, let's wait and see.

Thanks. Nice to see some greens.

Yes, should have strong faith in Cobra, and wait longer to close the long position.

[trader0303]

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

Those numbers are completely wrong! Please ignore. They should be:
112.98 - 114.81.

Sorry, might be dumb question, but what is S1?

[Anaconda]

As I mentioned, yesterday, lower low this morning, and then a bounce into the close, today. Options expiry = manipulation. So predictable sometimes...

99 - what says your "Silver-surfer" chart?

Cougar - thanks for the EW update. Great chart, as always!

Happy trading,
A.

[jarbo456]

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

Those numbers are completely wrong! Please ignore. They should be:
112.98 - 114.81.

great call. got out at 114.73 after it touched 114.81.

[SigmaEcho]

gap filled but I think there's more on the upside.

how can u see more upside? how much?
thanks

[silicon_beaver]

ERX moves slower than FAS.
I should be stuck to play FAS. Well, a green is a green. cannot be too greedy.

[janez]

I feel like bursting into tears... some of my positions are even green.

[Out of Bounds]

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

Those numbers are completely wrong! Please ignore. They should be:
112.98 - 114.81.

hit your pivot. we getting out?

1/3rd short - kind of iffy. I need to see if peace and bluebirds on everyone's shoulders breaks out. Below 114, I go more short.

[nonabear]

Cobra,

Any chance we retest the open on the ES at 9:30 EST - at 1124 ish...if not, do you see any move back down.

[barbaragull]

Short VIXY might not be a bad idea? (But I will not do that this time , once shorted from 80.xx to 6x.xx).

Now the market is just too crazy. Any one have an idea if we get QE3 next week?

[Out of Bounds]

My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96

Those numbers are completely wrong! Please ignore. They should be:
112.98 - 114.81.

hit your pivot. we getting out?

1/3rd short - kind of iffy. I need to see if peace and bluebirds on everyone's shoulders breaks out. Below 114, I go more short.

Uh Oh. Wrong move - close short