09/26/2011 Intraday Watering

Post by **Cobra** » Mon Sep 26, 2011 10:04 am

the pullback is way too large, now we have clear overlap, so no good for bulls.

BullBear52x · Post by **BullBear52x** » Mon Sep 26, 2011 10:06 am

GM,

Opening gap filled, I don't see this as bearish until 112.89 is broken. this could turn out to be a bear trap, patience patience don't under estimate these bankers, they didn't have sleep all night, desperate people do crazy thing.

stockcycle · Post by **stockcycle** » Mon Sep 26, 2011 10:07 am

EU' is leading US market these days. We should be in green if EU close green. The buying chances are coming for today.

AK84 · Post by **AK84** » Mon Sep 26, 2011 10:09 am

jdiesel77 wrote:
AK84 wrote:Time to short SINA guys. Falling below 79.50 ...VERY VERY bearish!

hey ak whats the significance of 79.5?

Breakdown of weekly and monthly Descending triangle. V V bearish ...also....FWIW ....SINA once flash crashed to $16 from 140. not sure if anyone remembers that....it left a big P bar down .....

uempel · Post by **uempel** » Mon Sep 26, 2011 10:12 am

Conflicting info, but SPX slowly falling out of green ellipse, should be a sell:

Rezito · Post by **Rezito** » Mon Sep 26, 2011 10:12 am

The futures action overnight was extremely volatile. This is a major sign of a sick market. I'm holding 20% short S&P and the rest in cash.

Mr. BachNut · Post by **Mr. BachNut** » Mon Sep 26, 2011 10:12 am

Added a little to short position in the pre-market this morning at SPY 115.05. Looking fortuitous at the moment but I was cautious on size. Have arguements for higher and lower prices this week.

Still planning to sell bounces, but I'll be out today and away from screen. Ultimately looking for new lows to go back to neutral or long.

jarbo456 · Post by **jarbo456** » Mon Sep 26, 2011 10:13 am

AK84 wrote:
jdiesel77 wrote:
AK84 wrote:Time to short SINA guys. Falling below 79.50 ...VERY VERY bearish!

hey ak whats the significance of 79.5?
Breakdown of weekly and monthly Descending triangle. V V bearish ...also....FWIW ....SINA once flash crashed to $16 from 140. not sure if anyone remembers that....it left a big P bar down .....

it looks like there's a lot of support around 77...do you have a downside target? i do like the look of the short though...

AK84 · Post by **AK84** » Mon Sep 26, 2011 10:16 am

jarbo456 wrote:
AK84 wrote:
jdiesel77 wrote:
AK84 wrote:Time to short SINA guys. Falling below 79.50 ...VERY VERY bearish!

hey ak whats the significance of 79.5?
Breakdown of weekly and monthly Descending triangle. V V bearish ...also....FWIW ....SINA once flash crashed to $16 from 140. not sure if anyone remembers that....it left a big P bar down .....
it looks like there's a lot of support around 77...do you have a downside target? i do like the look of the short though...

There goes 77 on SINA !

Honestly, I see SINA in a free fall now .....with a target in the 40s....

Post by **Cobra** » Mon Sep 26, 2011 10:23 am

RSP leads down, no good.

BullBear52x · Post by **BullBear52x** » Mon Sep 26, 2011 10:27 am

I see no Neg D. that's why I think this line in the sand will stand for awhile longer.

uempel · Post by **uempel** » Mon Sep 26, 2011 10:40 am

Today ain't my day and I'm bored. I'm off for today

lqiantobe · Post by **lqiantobe** » Mon Sep 26, 2011 10:40 am

corba~ do you think there is no rebound today?

johnnywa · Post by **johnnywa** » Mon Sep 26, 2011 10:41 am

Why isn SnP down 5.5 points and sso only down .16 can anyone answer this?

heavenskrow · Post by **heavenskrow** » Mon Sep 26, 2011 10:42 am

Heavily long the 3x leveraged dollar since few weeks ago...
Wish I shorted silver/gold instead

soku · Post by **soku** » Mon Sep 26, 2011 10:42 am

nothing interesting. data as bad as rumor.
i think 1124 area will hold, but i am not sure if there is any serious reb. if 1124 broke, then next stop is 1110-1115.

pady · Post by **pady** » Mon Sep 26, 2011 10:43 am

Does the big run start here to 1170+ ? Thinking last impulse up of correction.

jarbo456 · Post by **jarbo456** » Mon Sep 26, 2011 10:45 am

can't tell if SPY is making a quick double bottom here, or if it's just a second test of the lows before a breakdown. i guess the next couple of 5 minute bars will tell.

stucap · Post by **stucap** » Mon Sep 26, 2011 10:49 am

soku wrote:nothing interesting. data as bad as rumor.
i think 1124 area will hold, but i am not sure if there is any serious reb. if 1124 broke, then next stop is 1110-1115.

1123.75 is ES daily pivot. Also bottom support of the channel in the ES formed by friday's overnight low and last night's overnight low. Seem to be a ton of buyers sitting there. First attempt around 1015am didn't even get there before they lined up to bust it up back to 1131. Second attempt got a quick peck on the cheek at 1040am. A third attempt at it would make sense, and it'll probably come quickly. It breaks? 1110 ES? It holds? 1160-1170?

Definitely A TON of pressure from the bots that want to close the gap from Friday morning.......

heavenskrow · Post by **heavenskrow** » Mon Sep 26, 2011 10:51 am

Shorting rallies, but waiting patiently on the hourly indicators....

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09/26/2011 Intraday Watering

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