09/09/2011 Intraday Watering

[janez]

hope everyone SOLD EVERYTHING. 100% cash for me... waiting for the crash to happen then i'll be back buying. the cycle continues. we're down too big to start shorting IMO. good luck guys, hope you're all doing ok.

Same here. may not be too wise, but ...
actually looking to add a few longs just in case.. look for the good ones.

[j1900q]

Agree, 100 % cash here also.

[StrikePrice]

Measured Move target.

These continue to perform very well in this volatile market. Cheers to Cobra.

[heavenskrow]

Don't say I didn't tell you...Euro already broke support yesterday and dollar broke out few days ago with confirmation.....
Now to us bears, we need this BEAR FLAG DESTROYED!!!!

[BullBear52x]

this is a falling knife gents

[keesa]

this is a falling knife gents

actually dollar is rising

[Cobra]

Cobra, it seems like the past month a forward accelerating car can reverse

when we had a major distribution day, you said it's really rare that we won't go lower or touch the lows before we go higher, but we went straight up, then 2 days ago same thing but opposite, we were high an we have an accumulation day, you said bulls are safe, and next day we plunge so is today, not trying to critic you, but just saying looks like it's possible the car can go reverse, without braking

no, yesterday we had the higher high, that MAD call was fulfilled.

Also that MDD call was fulfilled either.

You didn't pay attention to the differences between: higher high and higher close or lower low and lower close. I'm very careful in my wording here cause everything I say are based on evidences. Rarely they fail.

[Al_Dente]

Everything internally is obviously strong bear.
But there is a glimmer of something in the VERY SHORT TERM VIX/VXX divergence.
VXX higher high.
VIX says no way, double topped, neg diverg.
VIX is already at a monster 40, and maybe just needs a breather, and is so fickle it can turn in the time it takes to post this, but it “bears” watching.

[99er]

Tabby

This one's for you.

http://www.youtube.com/watch?v=PJqC0snhCbs

[heavenskrow]

Anyone looking at the dollar? If we do close the dollar on the weeklys, that is very bearish for stocks, oil and gold.

NASDAQ is about to fill its gap lol! People trading AAPL are from Mars, they don't give a shit about the market.

Been looking at it all week and making $$ off the dollar.. Weekly close is a given

[uempel]

Last chart for today. And as everybody is giving a financial statement here: I closed yesterday's longs at the bounce to 75 (lost 10 handles), went short at 75, closed shorts now because I don't want to be long into the weekend. I do have some other positions, but they are fully hedged... Bye guys.

[newbie_77]

that was a big bar on the minute chart trying to sucker in some longs i guess

[Cobra]

wow, strong bull bar with huge volume, something happened?

[ramram]

big move -- is this shorts covering or real buyers?

[heavenskrow]

Last chart for today. And as everybody is giving a financial statement here: I closed yesterday's longs at the bounce to 75 (lost 10 handles), went short at 75, closed shorts now because I don't want to be long into the weekend. I do have some other positions, but they are fully hedged... Bye guys.

SPX.png

I never understand how to use Andrew's Pitchfork.... tried over and over, but I can never do it correctly...

[Tabby]

Tabby

This one's for you.

http://www.youtube.com/watch?v=PJqC0snhCbs

We used to tell the depressed group in my Psych unit to sing Amazing Grace for healing purpose. Our group was getting depressed yesterday and that was the reason I said let's sing Amazing Grace.
BTW, later on I found out that AA group using this song too.

[BullBear52x]

POS D. here but don't be fooled, a day like today a trade >200ma on 1 min. is a must.

[keesa]

wow, strong bull bar with huge volume, something happened?

dollar dropped DX from 77.74 +1.01 to 77.59 +0.86

[fuddleduddle]

Maybe simply from the headline that Greece rejects talks of default.

[heavenskrow]

wow, strong bull bar with huge volume, something happened?

dollar dropped DX from 77.74 +1.01 to 77.59 +0.86

and 10 yr double topped on hourly chart from sep 5th