09/13/2011 Intraday Watering

[stockcycle]

Still, my reading is pullback or consolidation just for higher high. 117 holds and one more pushup.

[jarbo456]

this is looking a bit like yesterday. a strong run up. a strong almost 100% retracement, with some knolls on a downward bias, and then a multi deviation run up at the end of the day.

should i just sit and wait for the sharks to drop or pop the market in the last 30 minutes?

[BullBear52x]

If a selling is not strong enough today I will lighten up my short etf to the bare minimum. EDZ is doing quite well in comparison to states short etfs.

[99er]

RUT
H&S.
http://99ercharts.blogspot.com/2011/09/rut_13.html

[davros]

it backtested the triangle breakout on ES, so far - 'green light'

[BullBear52x]

Wow! from Bloomberg: 1 of 6 Americans live in poverty, biggest since 1983 before Reagan revive the economy. how could it be stock is higher today then before

[stockcycle]

Seems 117 holds and a pushup flickering.

[mac769]

Last month NYSE reported record high short interest (bullish for spy).

Bears couldn’t follow thru yest after the big rout on Friday. Small ramp up at close yest was ALL short covering. If it was real bulls buying, we would have seen evidence somewhere, like a spike in TBT/drop in TLT. We didn’t see that. Real bull buying shows when the bulls sell bonds (TBT spikes) to buy stock. They didn’t. Or they sell gold/silver to buy stocks. They didn’t.

(Money doesn’t move in a vacuum, it has to move from HERE to THERE.)

When too many shorts run for cover it can provide monster rallies, monster. Then a giant drop the minute a bad news report comes out, EU sneezes, etc., and the short covering stops, and the market is left to the bulls to hold it up… but no bulls yet … we’ll see it in the numbers.

Until VIX (fear index) calms down to below 30, and some of that excess short interest gets reduced by covering rallies, we could be in for some violent moves, BOTH WAYS. We can't be "a bear" or "a bull" in this market, just flexible, and flip from red to green when the numbers demand, and honor our stops, and follow The Cobra.

(Little spike TBT already on open today, let’s watch for follow through. But VERY slow opening).

Stale news link because short interest only reports monthly. New report should be out on the 15th. Someone please chirp when they see the new one.

http://www.zerohedge.com/news/nyse-shor ... -june-2010

Hi there

now at least in the 4hr chart there seems some selling going on in the 10yrs

http://img198.imageshack.us/img198/2792/capturexp.png

so maybe this is the start for the test of 1185+

who knows

[DRL]

GM, we should have opened at yesterday's low. very disappoint at bears who is buying anyways?

Do you have any idea about UNG now? thanks

I owned UNG, 90% of the time I have it. but be nimble, I am thinking 10.50 will be broken out this time let see, I held this one two weeks now in my longer term account not DT.

I also own this occasionally. Seems to be good for swing trades between low 9.70s and low 10s, 3-4 % at a time. Careful because long term trend is down, but seems to have a base at 9.70.

[Al_Dente]

If a selling is not strong enough today I will lighten up my short etf to the bare minimum. EDZ is doing quite well in comparison to states short etfs.

EDZ ! Boy you have big bolls

[agnosia]

maybe bull flag on 5min? went long again 1159

[BullBear52x]

maybe bull flag on 5min? went long again 1159

yeap saw that, bulls mean business. let see if it will beak out

[Al_Dente]

Last month NYSE reported record high short interest (bullish for spy).

Bears couldn’t follow thru yest after the big rout on Friday. Small ramp up at close yest was ALL short covering. If it was real bulls buying, we would have seen evidence somewhere, like a spike in TBT/drop in TLT. We didn’t see that. Real bull buying shows when the bulls sell bonds (TBT spikes) to buy stock. They didn’t. Or they sell gold/silver to buy stocks. They didn’t.

(Money doesn’t move in a vacuum, it has to move from HERE to THERE.)

When too many shorts run for cover it can provide monster rallies, monster. Then a giant drop the minute a bad news report comes out, EU sneezes, etc., and the short covering stops, and the market is left to the bulls to hold it up… but no bulls yet … we’ll see it in the numbers.

Until VIX (fear index) calms down to below 30, and some of that excess short interest gets reduced by covering rallies, we could be in for some violent moves, BOTH WAYS. We can't be "a bear" or "a bull" in this market, just flexible, and flip from red to green when the numbers demand, and honor our stops, and follow The Cobra.

(Little spike TBT already on open today, let’s watch for follow through. But VERY slow opening).

Stale news link because short interest only reports monthly. New report should be out on the 15th. Someone please chirp when they see the new one.

http://www.zerohedge.com/news/nyse-shor ... -june-2010

Hi there

now at least in the 4hr chart there seems some selling going on in the 10yrs

http://img198.imageshack.us/img198/2792/capturexp.png

so maybe this is the start for the test of 1185+

who knows

Thanks for that. Is heavenskrow here yet? Please re-post this chart when he wakes up. He's holding TMF and we need to keep him solvent.

[qtipped]

haha, i guess my accidental trade is better than my intentional trade....spy about to roll over...

[BullBear52x]

If a selling is not strong enough today I will lighten up my short etf to the bare minimum. EDZ is doing quite well in comparison to states short etfs.

EDZ ! Boy you have big bolls

my regular FAS/FAZ EDC/EDZ TYH/TYP SRS/IYR FXI/FXP TZN/TZA

High octane don't you think?

[jarbo456]

maybe bull flag on 5min? went long again 1159

yeap saw that, bulls mean business. let see if it will beak out

potential head fake...looks like we're back in the channel, but have to wait for this bar to complete.

[cc2265]

GM, we should have opened at yesterday's low. very disappoint at bears who is buying anyways?

Do you have any idea about UNG now? thanks

I owned UNG, 90% of the time I have it. but be nimble, I am thinking 10.50 will be broken out this time let see, I held this one two weeks now in my longer term account not DT.

Thank you very much for sharing your information. I totally have no idea about the trend of UNG recently, and worry about the contango effect

[agnosia]

maybe bull flag on 5min? went long again 1159

ok stopped out even. last trade, long /cl 89.01, stop 89

[BullBear52x]

GM, we should have opened at yesterday's low. very disappoint at bears who is buying anyways?

Do you have any idea about UNG now? thanks

I owned UNG, 90% of the time I have it. but be nimble, I am thinking 10.50 will be broken out this time let see, I held this one two weeks now in my longer term account not DT.

Thank you very much for sharing your information. I am still worry about the contango effect for UNG

for some reason I like part of its fundamental not the FUND the NG. there's always risk so long it's calculated risk, I'll take the chance.

[Cobra]

H3 on EMA20, I think there's a chance this rebound could go a little further perhaps revisit the morning high.