09/08/2011 Intraday Watering

[ClarkW]

shorting some gold here .. stop 1870.

Agree, just purchased some DZZ

[Tabby]

any traders making bets on /cl today? i've seen this behavior before and it looks to me like we are winding up for a move higher. lots of hurricane threats and other excuses for traders to bid up prices.... last nights API report was bullish. we might get an initial whoosh down though...

Agnosia,
please continue posting your thoughts on oil and coal. I missed the boat on ERX. I wanna buy some black gold.

[HappyFriday]

I have a little doubt about today's rally as it's not broad based. Tech is leading. I'd be very interested to see when gas is at $5 a gallon how many people are willing to upgrade their iPad.

Cobra,
Logic doesn't work these days. Buy buy buy, sell sell sell works !

[BullBear52x]

I see very importance sign development, /ES open interest dip below 1 today. a trade back up above 1230 (/ES) a new yearly high is most likely, sell now until it breaks up before back up a truck for the long side.

That does look like a really interesting chart. There does seem to be a rally after each highlighted spot but sometimes after a new low and sometimes not. I am not sure how to interpret. Does this mean that institutions are on the sidelines and neither long or short but that they will move soon?

this is daily, longer term out look, we should retest recent low before a real short squeeze, but since last time OI low we could not take out new yearly high, this tells me a long term top is in, but for short term trade a big fight will happen here, do or die time. a trade blow august low is dangerous for bulls.

[stockcycle]

Ya, SPX shoot up after consolidation.

[champix]

Hi agnosia,
I am waiting a pullback to 89,15/89,20 to enter long, and add above 90... target could be 90,50 then 90,90

nice, yeah i would be really surprised if we don't test last nights high of 90.48 at least at some point with such a strong leg up the past couple of days. good luck.

Seems that crude is going higher without me...
Here was my plan...

[BullBear52x]

OK another interest junction here. looking at divergence for counter trend die hard.

[stucap]

I see very importance sign development, /ES open interest dip below 1 today. a trade back up above 1230 (/ES) a new yearly high is most likely, sell now until it breaks up before back up a truck for the long side.

That does look like a really interesting chart. There does seem to be a rally after each highlighted spot but sometimes after a new low and sometimes not. I am not sure how to interpret. Does this mean that institutions are on the sidelines and neither long or short but that they will move soon?

this is daily, longer term out look, we should retest recent low before a real short squeeze, but since last time OI low we could not take out new yearly high, this tells me a long term top is in, but for short term trade a big fight will happen here, do or die time. a trade blow august low is dangerous for bulls.

Agree --- we will retest lows --- but we could legitimately go as high as 1250 before doing so. So, I'm happy to trade both ways in the meantime.

[agnosia]

long /cl 89.7... weird market reaction so i am stop even.

[BullTart]

Looks like we got out first correction and embarked on our second leg up to complete this move up for a "3 push" bear flag counter-trend rally before we go back down for minor wave 5 to complete wave 1 down.

Took a spec long pay here on UPRO to try and catch this second leg up.

[99er]

Paging Tabby.
SPX http://99ercharts.blogspot.com/2011/09/spx_5561.html

[Tabby]

Paging Tabby.
SPX http://99ercharts.blogspot.com/2011/09/spx_5561.html

Calling AAA towing company. The Car not starting today. I keep telling the engine " Yes, we can."
10-4

[BullBear52x]

Another thing to note is the low on TICK this morning was -1183, Bulls can not afford a new LOD today. if so the turn evident case is more stronger.

[stockcycle]

Consider to close some long positions if 1200 can't hold.

[BullBear52x]

Paging Tabby.
SPX http://99ercharts.blogspot.com/2011/09/spx_5561.html

Calling AAA towing company. The Car not starting today. I keep telling the engine " Yes, we can."
10-4

LOL, honey call the Taxi today? I think the car will start soon.

[stucap]

Consider to close some long positions if 1200 can't hold.

looks like the first try is failing. may be some more shots at it though. bulls don't like to give up easy.

[HappyFriday]

Consider to close some long positions if 1200 can't hold.

looks like the first try is failing. may be some more shots at it though. bulls don't like to give up easy.

Market does not want to come down, should have more upside.

[BullBear52x]

intraday sell is triggered, bears don't go to the bank until $vix >33.5

[stockcycle]

Consider to close some long positions if 1200 can't hold.

looks like the first try is failing. may be some more shots at it though. bulls don't like to give up easy.

Market does not want to come down, should have more upside.

Feeling some tension here @ 1200! Personally just don't want to see my profit goes away.

[lilifi]

I see very importance sign development, /ES open interest dip below 1 today. a trade back up above 1230 (/ES) a new yearly high is most likely, sell now until it breaks up before back up a truck for the long side.

That does look like a really interesting chart. There does seem to be a rally after each highlighted spot but sometimes after a new low and sometimes not. I am not sure how to interpret. Does this mean that institutions are on the sidelines and neither long or short but that they will move soon?

this is daily, longer term out look, we should retest recent low before a real short squeeze, but since last time OI low we could not take out new yearly high, this tells me a long term top is in, but for short term trade a big fight will happen here, do or die time. a trade blow august low is dangerous for bulls.

The change in the OI is due to contract switch over from Sept to Dec. No significant meaning, I think.

Just register and been enjoyed this board a lot. Nice posts from all of you here.