09/26/2011 Intraday Watering

quientuves · Post by **quientuves** » Mon Sep 26, 2011 2:03 pm

what's happening??????

Post by **Cobra** » Mon Sep 26, 2011 2:04 pm

well, target met, some news going in I guess.

sgregs · Post by **sgregs** » Mon Sep 26, 2011 2:06 pm

quientuves wrote:what's happening??????

ECB to set up a SPV to purchase bonds.

ultramarine · Post by **ultramarine** » Mon Sep 26, 2011 2:08 pm

OK so that IHS may be playing out now for real. I may not add new shorts until the close or maybe tomorrow.

cov_lite · Post by **cov_lite** » Mon Sep 26, 2011 2:09 pm

sgregs wrote:
quientuves wrote:what's happening??????
ECB to set up a SPV to purchase bonds.

Fade the move up...this move came just as CNBC was reporting something that had already been out in the bond market for at least an hour or two. Institutional guys already got the run-down on this.

BTW...this latest "solution"...not gonna work IMHO.

silicon_beaver · Post by **silicon_beaver** » Mon Sep 26, 2011 2:10 pm

loaded FAS at 10.75 with covered 11 calls due to Friday.

stockcycle · Post by **stockcycle** » Mon Sep 26, 2011 2:17 pm

Market movement is the combination of TA, news, rumors, policies, attitude, fear, greed,.... and one must try to learn what is the main momentum at what moment. I called long from Fridays as all you can see.

bushwaffle · Post by **bushwaffle** » Mon Sep 26, 2011 2:23 pm

Who wants to join me for a drink at the P-bar? I'm headed there now...

pady · Post by **pady** » Mon Sep 26, 2011 2:23 pm

cobra,

You nailed that 1150 call. Now for the slow descent.

buyorsell · Post by **buyorsell** » Mon Sep 26, 2011 2:24 pm

Closed the last short position, TWM.
Waiting for singals to long or short.

BullBear52x · Post by **BullBear52x** » Mon Sep 26, 2011 2:24 pm

a bear wedge fighting off that's all, dead cat kicking, I can laugh at it now since I am neutral wait to sell though.

AK84 · Post by **AK84** » Mon Sep 26, 2011 2:25 pm

Hi Cobra,

Need some advice here please! I have v v good profits on many single stocks in tech and i started taking some profts today on my puts.

The thing I am confused with is that I want to reload at higher prices but the thing is I am not sure that its coming coz all my indicators and gut tells me more down in the NDX. Question is if u think we will rally more in the next coming days coz I will then use that to reload on my puts.

But Im afraid of missing the more down move!

ramram · Post by **ramram** » Mon Sep 26, 2011 2:25 pm

Looks like we have a large rising wedge on ES

AK84 · Post by **AK84** » Mon Sep 26, 2011 2:26 pm

bushwaffle wrote:Who wants to join me for a drink at the P-bar? I'm headed there now...

Al_Dente · Post by **Al_Dente** » Mon Sep 26, 2011 2:27 pm

bushwaffle wrote:Who wants to join me for a drink at the P-bar? I'm headed there now...

u r good bushie

ramram · Post by **ramram** » Mon Sep 26, 2011 2:29 pm

Anything is possible -- you have to consider the risk/reward tradeoff. So part of it how far down do you think we will go and what is the potential upside if it comes. I dont see more than 10-15 points up on the ES.

BullBear52x · Post by **BullBear52x** » Mon Sep 26, 2011 2:32 pm

Shorting INTC anyone?

stucap · Post by **stucap** » Mon Sep 26, 2011 2:33 pm

ramram wrote:Anything is possible -- you have to consider the risk/reward tradeoff. So part of it how far down do you think we will go and what is the potential upside if it comes. I dont see more than 10-15 points up on the ES.

Today or longer term? I find it hard to see this market going down without first closing the open gap at 1165. That spot lines up nicely with where most major moving averages are hanging out so a test there shouldn't be out of the question. It'll be quick, relentless buying like we saw this morning and like we'll see into close today, and then it'll reverse.

Post by **Cobra** » Mon Sep 26, 2011 2:35 pm

AK84 wrote:Hi Cobra,

Need some advice here please! I have v v good profits on many single stocks in tech and i started taking some profts today on my puts.

The thing I am confused with is that I want to reload at higher prices but the thing is I am not sure that its coming coz all my indicators and gut tells me more down in the NDX. Question is if u think we will rally more in the next coming days coz I will then use that to reload on my puts.

But Im afraid of missing the more down move!

Really hard to say if we'll rally more in the next few days.

Post by **Cobra** » Mon Sep 26, 2011 2:38 pm

hmm, underestimated bulls, let's see if this time it can make a decisive high. well, at least so far goes exactly as I planed.

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09/26/2011 Intraday Watering

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