10/04/2011 Intraday Watering

Post by **Cobra** » Tue Oct 04, 2011 2:24 pm

little overshot, so rebound could be.

agnosia · Post by **agnosia** » Tue Oct 04, 2011 2:25 pm

BullBear52x wrote:
Thank you, I am here to make money not to be right or wrong. I bought TNA when it was in red this morning, I thought that was a true technical read don't you think?

exactly. who cares, we are all wrong or right

not sure your technical reasons for buying but i am going off a multi-month head and shoulders that has been forming on the RUT, with the down sloping neckline at @ 624. today was just a retest of the down sloping neckline.

BullBear52x · Post by **BullBear52x** » Tue Oct 04, 2011 2:26 pm

KENA wrote:By close I will protect my SPY short with a small call.

You are still bullish ha? I see few signs of bottoming as well, well, price pay protect it. I am done today, tomorrow is another day and I will sell the gap down or buy the gap up. not feel good on either side over night.

rola · Post by **rola** » Tue Oct 04, 2011 2:26 pm

NOT SO FAST...

BullBear52x · Post by **BullBear52x** » Tue Oct 04, 2011 2:28 pm

agnosia wrote:
BullBear52x wrote:
Thank you, I am here to make money not to be right or wrong. I bought TNA when it was in red this morning, I thought that was a true technical read don't you think?
exactly. who cares, we are all wrong or right not sure your technical reasons for buying but i am going off a multi-month head and shoulders that has been forming on the RUT, with the down sloping neckline at @ 624. today was just a retest of the down sloping neckline.

Have to try the bottom to nail the bottom, counter trend is risky business. I've mentioned since morning that what I do today it was just DT position even if the market gone straight up to the close I will still closing out the position.

jarbo456 · Post by **jarbo456** » Tue Oct 04, 2011 2:33 pm

oh NOW the bulls decide to come out and play. -_-

EvilTrader · Post by **EvilTrader** » Tue Oct 04, 2011 2:35 pm

sentiment is so bearish that a green close is almost guaranteed

AK84 · Post by **AK84** » Tue Oct 04, 2011 2:36 pm

Cobra

Any advice on aapl ?
sold off 13 $ now down only $6
should be 2 legged right ?

Post by **Cobra** » Tue Oct 04, 2011 2:36 pm

hmm, I see, all because of AAPL. Can AAPL save the world? Yes we can!

Post by **Cobra** » Tue Oct 04, 2011 2:37 pm

AK84 wrote:Cobra

Any advice on aapl ?
sold off 13 $ now down only $6
should be 2 legged right ?

normally, yes.

agnosia · Post by **agnosia** » Tue Oct 04, 2011 2:38 pm

BullBear52x wrote: Have to try the bottom to nail the bottom, counter trend is risky business. I've mentioned since morning that what I do today it was just DT position even if the market gone straight up to the close I will still closing out the position.

yep gotcha. the way this market trades it was a good bet going into the day.

BullBear52x · Post by **BullBear52x** » Tue Oct 04, 2011 2:39 pm

Good thing that I don't discount the possibility that market can still going up, very healthy indeed.

jaijailyc · Post by **jaijailyc** » Tue Oct 04, 2011 2:41 pm

watching 1095-1096 .. if break above decisively i will lock in my profits in SPXU (omg i hate this submit button - i submitted this twice like 5-10 minutes ago)

99er · Post by **99er** » Tue Oct 04, 2011 2:42 pm

EURUSD
Update.
http://99ercharts.blogspot.com/2011/10/eurusd_951.html

soku · Post by **soku** » Tue Oct 04, 2011 2:43 pm

soku wrote:equi point is between 1088-1091 es. need to take it or the strength of the reb will be questionable

rejected at 1088 again. the line remains the same

Post by **Cobra** » Tue Oct 04, 2011 2:43 pm

yeah, all because of AAPL. still the question is: will AAPL save the world?

BullBear52x · Post by **BullBear52x** » Tue Oct 04, 2011 2:46 pm

Checking out, GLTA.

Tomorrow I will trade the direction of the open. today you got to respect the indecision doji if we closed here could mean a reversal.

Thanks Cobra and everyone here with great insight and charts.

grachu · Post by **grachu** » Tue Oct 04, 2011 2:48 pm

what leg are you refering to ? the second leg going to next level 355 ? Plesase comment ?

AK84 · Post by **AK84** » Tue Oct 04, 2011 2:51 pm

grachu wrote:what leg are you refering to ? the second leg going to next level 355 ? Plesase comment ?

yes
356 test is on the cards for aapl

hemlock21 · Post by **hemlock21** » Tue Oct 04, 2011 2:51 pm

Cobra
The new Iphone will be $199.00.

Looking for AAPL to stop the skid at 353 +- (it's afib and 200 MA)

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10/04/2011 Intraday Watering

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