10/04/2011 Intraday Watering

[BullBear52x]

too many people watching SPX DJI and NDX, I will look to TECH and small cap today.

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/10/spx_04.html

[cc2265]

too many people watching SPX DJI and NDX, I will look to TECH and small cap today.

are you trading UNG now? long or short? thanks

[agnosia]

guys watch 10.88 on the XLF, this may be the bottom , it's the multi-month double top target

[KENA]

For the P bar watchers another one at 108.70

[Al_Dente]

too many people watching SPX DJI and NDX, I will look to TECH and small cap today.

BB52x: you toying with us?…. or just dizzy about yr EDZ
Don’t even ask me about BAC…don’t go there… had to follow exit rules
But munching on FAZ was where the meat was

Bberg anchor pounding on desk: “We are officially in a bear market”…...…oy

[jaijailyc]

any one looking @ Sprint?

[BullBear52x]

too many people watching SPX DJI and NDX, I will look to TECH and small cap today.

are you trading UNG now? long or short? thanks

No, I'll wait until it gets back over 9, nice Pos D. on it right now though

[shumushu]

Anyone know when is the apple product announcement?

[Cobra]

almost at the Measured Move target now. From the regular hour ES, the down streaks are too strong, so the very first rebound attempt would fail as illustrated in the chart below (I don't mean it'd go like this, I just mean it's 2 legged at least).

[jaijailyc]

Anyone know when is the apple product announcement?

10 PDT or 1 EST

[BullBear52x]

too many people watching SPX DJI and NDX, I will look to TECH and small cap today.

BB52x: you toying with us?…. or just dizzy about yr EDZ
Don’t even ask me about BAC…don’t go there… had to follow exit rules
But munching on FAZ was where the meat was

Bberg anchor pounding on desk: “We are officially in a bear market”…...…oy

DT only, I will sell the Rip but at the moment I play dead cat bounce.

[KENA]

One thing to consider is everyone is waiting for big dn move with capitulation but the contraian view may be just a low and sidways move then up for a bit befor heading dn again.Just a thought..Still watching XLF..It is forming a pos.div.

[BullBear52x]

be greedy when everyone is fearful, the old man who like to pay tax said it.

[jarbo456]

i'm currently long 80 contracts of SPY. i'd like to see some gap fillage before reducing my position size.

[alvian33]

i'm currently long 80 contracts of SPY. i'd like to see some gap fillage before reducing my position size.

you've got balls man, respect!

[bushwaffle]

i'm currently long 80 contracts of SPY. i'd like to see some gap fillage before reducing my position size.

Shorted SPY at the open, booked at the pbar signal...nice morning so far

[rhight]

Good morning all. The market was falling so fast this morning that by the time I edited my chart with the Flash applet on Stockcharts, and then uploaded it, the pinned notations had moved (stockcharts users know what I mean). Anyways, note that the Negative Price Reversal to 1087 was confirmed today, meaning down trend still in place (duhh!). When price reversals don't confirm (from my experience) it is a good indication that the trend is reversing (in the applicable time frame). At any rate, 3 accelerations in trend line sometimes precede a reversal. Projections made on 9/25 weekend watering hole still stand. Those pointed to a 1065 low on 10/5. Time will tell. I don't trade these projections, rather use them to clue me into when to look at other indicators of a trend reversal.

[agnosia]

feels like a short term bottom to me with all this whipsaw

[koolblue]

1068.00...bingo!