09/07/2011 Intraday Watering

[agnosia]

agnosia going long mid term is not the smart strategy but going long for very short term works. I think that your view up and up from here is not taking in all that is occurring. This is a short term bounce and probably will be sold off tomorrow. Remember jobless claims tomorrow and obama speech. You can hold your longs into tomorrow but i will be looking to short either into the bell or if we get exuberance. Which you sound of long exuberance

all my comments on this forum are for day trade exuberance only ( tradeuberance ? ) since this is what cobra set it up for... my comments are null and void after the close. i happen to have held a swing /es from yesterday from 1153 but i was up till 3am EST to make sure europe was ok . i never hold any futures overnight in these conditions.

[StrikePrice]

Since the opening bell the action today feels corrective in nature. Since we're actually moving higher, than by EW terms it's likely we're doing a Running Correction, a Flat I believe. Makes it entirely too difficult to short for anything more than a few S&P points...maybe the afternoon session will prove me wrong and traders will come back from lunch looking to sell but I think it's low volume sideways until another leg up later today or gap it up again.

[frankthetank]

your bang on then.

[agnosia]

your bang on then.

thanks i made low 5 figures today and i am very very very very very very happy. i hope you all did well too. this trading environment is tough.

[KENA]

Why many technician ignored a simple chart like this? well, look at it again, we are very close to a cliff, sugar it however still look bad turn is gaining a momentum. 50/200 simple MA
just bored!

Don't get bored the mkt is about to make a turn.Lots of Res. And it's up big and may get tired.I'm just waiting.

[silicon_beaver]

Market moves slow now. my sell order of FAS is not filled so far.
but a green is green. will wait until close of day. them make decision.

[AK84]

your bang on then.

thanks i made low 5 figures today and i am very very very very very very happy. i hope you all did well too. this trading environment is tough.

Wow! low 5 figures ? thats sikk for a days work ! congrats!

If you dont mind me asking , how much capital did u start with ? (PM me if ur not comfortable answering publicly or dont respond to my message at all if ur not comfortable, period! ! )

[Unique]

C&H text book target.

Hey everyone..I'm new here

Cobra, what is C&H?

[HappyFriday]

We count 1,
we count 2,
When we count 3, we push it
UP

[frankthetank]

10 minute chart on SPY i see macd and slow stoch flatening out and attempting to cross

[cowboy]

cowboy or anyone have a working link (free) to the movie "Inside Job" ?

Hi Al_Dente,
I watched this movie on HBO couple of weeks ago, will see if I can find any free link..

[pidge66]

cowboy or anyone have a working link (free) to the movie "Inside Job" ?

You can also check your local library. Mine has a copy.

[cowboy]

cowboy or anyone have a working link (free) to the movie "Inside Job" ?

Hi Al_Dente,
I watched this movie on HBO couple of weeks ago, will see if I can find any free link..

Should not post here..

[rpccharts]

1201 ES Gap is a magnet for market - bombs away then - No breadth or volume to this move.

[Cobra]

consolidation is good, should be more likely breakout on the upside.

[Cobra]

C&H text book target.

Hey everyone..I'm new here

Cobra, what is C&H?

Cup with Handle.

[pidge66]

[quote="cowboy"][/quote]

Good one. I used to be able to watch a lot of US movies on ppstream but it's been a few months since they removed all US movies from their list. I knew good things won't last.

[AK84]

Like I commented in last nights report ....."Interesting to think the market may go up to 1200 (highly doubt it ) to form a right shoulder and then kaboom! Measured move = 1040!"

Seems to be playing out just that way . 1205 should b the max....above 1205 - we go to 1220-1225 and then that certainly is max pain IMO for any bears out there that are getting worried.


Big picture is still down

[mac769]

resistance, a consolidation here would be bullish.

sure, 1200 could be the next target, if the bulls can carry on from here:

http://img221.imageshack.us/img221/4286/captureqjih.png

[paco.patino]

Deleted. Wrong post.