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10/14/2011 Intraday Watering

txsky
Posts: 18
Joined: Tue Oct 11, 2011 4:09 pm

Re: 10/14/2011 Intraday Watering

Post by txsky »

Thank you Cobra! Have a good weekend!
SB73
Posts: 1265
Joined: Wed Sep 14, 2011 12:20 pm

Re: 10/14/2011 Intraday Watering

Post by SB73 »

SB73 wrote:Watch out for another kick save at close... :lol:
bingo..quick scalp...made pennies on that short.
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waverider
Posts: 863
Joined: Thu Aug 18, 2011 4:24 pm

Re: 10/14/2011 Intraday Watering

Post by waverider »

Thanks Cobra, have a great weekend all!
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"

-Jesse Livermore
gxcar
Posts: 7
Joined: Fri Aug 19, 2011 3:34 pm

Re: 10/14/2011 Intraday Watering

Post by gxcar »

Thank you Cobra. Have a nice weekend!
spuderik
Posts: 50
Joined: Fri Oct 07, 2011 11:31 am

Re: 10/14/2011 Intraday Watering

Post by spuderik »

AAPL closed on re-test of all-time high, before Monday earnings release.
spuderik
Posts: 50
Joined: Fri Oct 07, 2011 11:31 am

Re: 10/14/2011 Intraday Watering

Post by spuderik »

Financials ended the day down 1.3%, clearly diverging from this uptrend.
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RealMoneyIssues
Posts: 67
Joined: Mon Aug 29, 2011 11:34 am
Location: Virginia, USA

Re: 10/14/2011 Intraday Watering

Post by RealMoneyIssues »

So, had a huge loss (12% in one account and 19% in another) as I was stopped out at close with SPY punching through 122.55 and as usual, this is a huge contrarian sign so I am sure something major is going to happen this week-end and I will have lost out on a ton...

Good luck to everyone, I may step out of the market for a few weeks and lick my wounds. :D
spuderik
Posts: 50
Joined: Fri Oct 07, 2011 11:31 am

Re: 10/14/2011 Intraday Watering

Post by spuderik »

RealMoneyIssues wrote:So, had a huge loss (12% in one account and 19% in another) as I was stopped out at close with SPY punching through 122.55 and as usual, this is a huge contrarian sign so I am sure something major is going to happen this week-end and I will have lost out on a ton...

Good luck to everyone, I may step out of the market for a few weeks and lick my wounds. :D
Sorry to hear that. I took 3% loss on short at 50 day MA, and 1% loss on short today. One more chance to short at 1235 high, though I don't have much hope for that :)

SPY vs SPY avatar is a propos and totally classic!
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pidge66
Posts: 166
Joined: Mon Jun 06, 2011 1:05 pm

Re: 10/14/2011 Intraday Watering

Post by pidge66 »

What a close. My weekend is ruined with 60% short position waiting to get slaughtered. http://wp.me/p1jbrN-eK
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HighRev
Posts: 78
Joined: Tue Oct 11, 2011 3:55 pm

Re: 10/14/2011 Intraday Watering

Post by HighRev »

More upside bias than I thought. This market is stronger than I thought (looking at short term momentum). More upside risk than downside at the moment IMHO.
big2nd
Posts: 4
Joined: Wed Oct 12, 2011 10:27 am

Re: 10/14/2011 Intraday Watering

Post by big2nd »

It seems the market has priced in a once-for-all solution to the Europe mess over this weekend. All the downgrades, warnings etc have been ignored for now. Bulls better pray that will indeed be the case. If they could not agree on anything concrete this weekend, watch out below. The market is certainly capable of wiping out the "hard-earned" 30-50 SPX points in a very short time such as 1 day. In addition, the low volume shows that the institutions are still cautious.

Just opened a small short position. Stop 1250 SPX.
pablorynx
Posts: 116
Joined: Mon Apr 11, 2011 11:34 am

Re: 10/14/2011 Intraday Watering

Post by pablorynx »

spuderik wrote:AAPL closed on re-test of all-time high, before Monday earnings release.

Tuesday
mtljaysfan
Posts: 10
Joined: Tue Feb 15, 2011 11:05 am

Re: 10/14/2011 Intraday Watering

Post by mtljaysfan »

What a week.

Thanks Cobra. Your market sense's just amazing.

Have a good weekend everyone
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