frankthetank
Posts: 106 Joined: Wed Aug 24, 2011 11:34 am
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by frankthetank » Tue Sep 06, 2011 2:09 pm
Anybody figure out what changed on the trend today. Seems that the bulls have taken over
BlackThought
Posts: 186 Joined: Wed Jun 01, 2011 11:04 am
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by BlackThought » Tue Sep 06, 2011 2:11 pm
frankthetank wrote: Anybody figure out what changed on the trend today. Seems that the bulls have taken over
extreme retail pessimism.
newbie_77
Posts: 300 Joined: Fri Jul 29, 2011 1:47 pm
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by newbie_77 » Tue Sep 06, 2011 2:11 pm
i am seeing the HOD as 117.8324 and now its to 118 but cannot find on the 1minute or 5minute or any of the daily chart.
anyone else seeing it?
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
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by jarbo456 » Tue Sep 06, 2011 2:13 pm
Cobra wrote: breakout indeed, almost reached the target. I see volume surge, so could be a pullback of some kind here. then we'll see.
target met and exceeded. next? more up?
varaamo
Posts: 41 Joined: Tue Aug 02, 2011 2:04 pm
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by varaamo » Tue Sep 06, 2011 2:14 pm
Any indicator that shows extreme retail pessimism?
BlackThought wrote: frankthetank wrote: Anybody figure out what changed on the trend today. Seems that the bulls have taken over
extreme retail pessimism.
Cobra
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by Cobra » Tue Sep 06, 2011 2:15 pm
target reached, seems more.
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heavenskrow
Posts: 1030 Joined: Tue Aug 16, 2011 11:17 am
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by heavenskrow » Tue Sep 06, 2011 2:15 pm
frankthetank wrote: Anybody figure out what changed on the trend today. Seems that the bulls have taken over
Actually nothing much..Pretty easy actually. We opened on support of the bear flag and as long as we didnt break below, good day to be a bull....
However I am a swing trader.. so nothing but watch for me
Cobra
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by Cobra » Tue Sep 06, 2011 2:17 pm
jarbo456 wrote: Cobra wrote: breakout indeed, almost reached the target. I see volume surge, so could be a pullback of some kind here. then we'll see.
target met and exceeded. next? more up?
yes, looks like we'll close HOD today.
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stockcycle
Posts: 329 Joined: Fri May 20, 2011 6:31 am
Location: Vietnam
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by stockcycle » Tue Sep 06, 2011 2:18 pm
I am fighting myself. I really want to joint the Bulls.
ddd
Posts: 165 Joined: Mon Feb 14, 2011 12:18 pm
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by ddd » Tue Sep 06, 2011 2:19 pm
Intraday breadth trending up...
frankthetank
Posts: 106 Joined: Wed Aug 24, 2011 11:34 am
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by frankthetank » Tue Sep 06, 2011 2:21 pm
We haven't had an correction of this move. At least a pull back would be appropriate
BullTart
Posts: 398 Joined: Thu Sep 01, 2011 12:23 pm
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by BullTart » Tue Sep 06, 2011 2:21 pm
Market didn't do what I thought it might do so closed out TVIX longs and took profit.
Now in wait and see mode.
BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Tue Sep 06, 2011 2:22 pm
Neg D.
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tapesense
Posts: 70 Joined: Thu Mar 24, 2011 4:34 pm
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by tapesense » Tue Sep 06, 2011 2:26 pm
EURUSD broke low of spike overnight, projects down to 1.39. Need to learn to project timeframes for my levels, they can be now or next year, pay a lot of theta rent on options
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
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by jarbo456 » Tue Sep 06, 2011 2:27 pm
the market is levitating just slowly enough to allow the short term MA's to catch up and support the move. although i see weakening on the 3 minute chart, 6-12 minutes of consolidation around this level, and we're easily back up again. the math shows there's plenty of time to fill the gap today...which would be ridiculous.
frankthetank
Posts: 106 Joined: Wed Aug 24, 2011 11:34 am
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by frankthetank » Tue Sep 06, 2011 2:28 pm
now were outside the bolliger bands on SPY...isn't this getting overbought territory
silicon_beaver
Posts: 524 Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR
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by silicon_beaver » Tue Sep 06, 2011 2:32 pm
heavenskrow wrote: frankthetank wrote: Anybody figure out what changed on the trend today. Seems that the bulls have taken over
Actually nothing much..Pretty easy actually. We opened on support of the bear flag and as long as we didnt break below, good day to be a bull....
However I am a swing trader.. so nothing but watch for me
Right, good day to be a bull....
Thank guys.
Long FAS
Tabby
Posts: 924 Joined: Tue Feb 15, 2011 5:09 pm
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by Tabby » Tue Sep 06, 2011 2:33 pm
Phanton Bar SPY=117.8394 at 1421 on my screen.
AK84
Posts: 574 Joined: Tue Feb 15, 2011 5:09 am
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by AK84 » Tue Sep 06, 2011 2:38 pm
bear flag on spx hourly!
dont b fooled by this up move!
heavenskrow
Posts: 1030 Joined: Tue Aug 16, 2011 11:17 am
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by heavenskrow » Tue Sep 06, 2011 2:39 pm
AK84 wrote: bear flag on spx hourly!
dont b fooled by this up move!
Exactly... thats why Im still holding my TMF
but if I were a daytrader, I would be HELLA lONG from open.. too bad mines cash account