09/16/2011 Intraday Watering

[MajorEasy]

rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.

just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me

the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.

i know of several futures traders that won't trade on Fridays
Friday's volume can be light and jumpy...

[Mongoose]

I just shorted a bunch of eurusd @ 1.3840 and the daq @ 2624 (which just crossed above the declining 50 ma).

[Al_Dente]

Advancing issues hit 2000, couldn’t stick, pulled back BIG to 1500.

Here’s a sand-line.
Percentage performance based, not price based. Pure, not juiced, SHORT TERM.
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243014844

[wower]

rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.

just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me

the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.

I seriously envy this kind of ability. If not comfortable, call the day off. I am still learning.

[shumushu]

target 1185 on the /ESZ11

[uempel]

Waiting for SPX at 1228, but now it has tanked below DMA 377 (now at 1214) and I'm just watching and hoping there will be another run for a higher high so that I can short

[99er]

RUT
Targeting 631.
http://99ercharts.blogspot.com/2011/09/rut_16.html

[stockcycle]

Any one here remember the horn pattern? It is not cheerful for bulls today.

[ultramarine]

SPX
Targeting 1124 on this leg down.
http://99ercharts.blogspot.com/2011/09/spx_2249.html

Curious to know what your 1124 target is based on and what kind of time frame. Thanks!

[Cobra]

let's see if another morning weakness being bought. this is the 4th time if so.

[newbie_77]

shumushu,
1185 by when?

[silicon_beaver]

let's see if another morning weakness being bought. this is the 4th time if so.

I am watching it closely.
Sounds the party is over. SPY and FAS drop like stone.

[Cobra]

let's see if another morning weakness being bought. this is the 4th time if so.

I am watching it closely.
Sounds the party is over. SPY and FAS drop like stone.

Those 2 years, I learnt 1 thing after Ben spent 2T dollars: never ever underestimate power of the bull side.

[Mongoose]

Covered on my eurusd position. Im done for the day. Have a great weekend.

[shumushu]

shumushu,
1185 by when?

Not sure, a more reasonable target is at 1191. This is calculated from this morning's high to yesterday's close measured move down.

[champix]

Regarding crude, here is my plan for today ...
Just missed my buy for a few cents, but I am patient...

[bushwaffle]

if move below 1206, I think (hope) more downside....can't take another range day!

[jarbo456]

i think the bulls are running out of time and room to start stepping in.

[uempel]

I guess I've been waiting too long, been too bullish for today.

[99er]

ultramarine

SPX target based on AB=CD pattern (drawn in gold) and may be reached by next Wednesday. The target point (D) is where the down gold line meets the bottom line of the purple channel.