10/19/2011 Intraday Watering

[AK84]

guys call me crazy but you all know ive been aggressively short nflx via puts since 240 in and out . i think its time to buy small call position . i see +ve div on daily chart....could b good for a vol increase to earnings then its upto u if u want to play those or not .

[AK84]

Cobra

We will still revisit the high per MAD rule right ?
or was that done today as it was intraday

I think I said yesterday: down today. higher high might be a few days later.

Right i read that but i couldnt remember if it was higher close or intraday high . i think it means intraday high and wasnt that visited today at 1229 ?

it's higher high which we don't have yet.

Thank you sir. sorry i was confused.

[AK84]

Paging Uempel,

Welcome back!!

How was your mini getaway ?

[fehro]

careful... trendline break?

[lqiantobe]

Corba~ check with the PMI chart, volume surge which means exhaustion.
Stupid me, wanna to sell at this morning but click the buy .... Can I hold to tmr to see if ER can save me?

[doda74]

Max Pain for October:

QQQ 55
SPY 119

http://www.optionpain.com/OptionPain/Option-Pain.php

[spuderik]

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Copper has already re-traced over 50% of its gains since the lows.

[AK84]

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Copper has already re-traced over 50% of its gains since the lows.

thats a nice H&S formation

[wayne0708]

fehro:
I am liking your chart but should we wait for confirmation from breaking down of 50MA first?

[AK84]

Is that a H&S forming on the hourly with neckline at 1192 ?
hmmm

[BullBear52x]

Green shoot TZA, best place to get spank.

[tdo722]

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Copper has already re-traced over 50% of its gains since the lows.

Can you share with me the DeMark sell setup? Where can I read more about it?

[spuderik]

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Copper has already re-traced over 50% of its gains since the lows.

thats a nice H&S formation

Not to mention that copper's recovery was very weak relative to its highs (vs SPY recovery). That bodes ill for the stock market in longer terms. I still believe this current malaise will be bought somewhere in 1100s and make the move for the 200 day MA by Nov/Dec timeframe. That's where I am looking to add longer term higher risk put option trades.

[rocstocktrader]

Stock market article: “SP 500, Gold, Silver, Oil, Dollar”

http://stk.ly/qYFCaS

[Unique]

Yeahh!!!!!! Go go bears, it is my yacht ... I do not want big, just a small toy one.

I think bulls will be squized to 1120-1130/ES area within 1-2 days. Then bulls can start dreaming again.
It is my wild guess. Bulls became spoiled in the past 2 weeks, they became overconfident, have to be punished first.

1120-1130 in a couple days? Wow, that would entail the wildest imagination!

I overviewed many bear market rallies. If they have two legs up, the first retracement is at fibo 38.2% or a little below of the previous gain. Now it makes 1135 in ES.

ES 1135 in the near term? Maybe, possiblely, likely . . . But in a couple days? Do you seriously mean that as a realistic posibility?

Even with wild imagination, that would need some bear-friendly ammunitions in the magnitute of a nuclear bomb.

Bro we went from 107.5->122 in 7 days. 13% swing. Anything is possible nowadays, even if it has the SLIGHTEST CHANCE of happening. I'm just sayin..

[Al_Dente]

Green shoot TZA, best place to get spank.

BINGO nydec >2000 my favorite number
Bear confirmed at the moment…
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365
old soul, fresh voice
http://www.youtube.com/watch?v=QKEuOO0lQPc

[silicon_beaver]

119.0 should be coming.

[AK84]

Watch 127 on Bidu . Break that its going to 118-120. I add to my puts on this break. Neckline of H&S on hourly

[tdo722]

119.0 should be coming.

I can't wait that long. Getting out at 120.05 which is 161.8% retracement from when this downward started on 15m.

[spuderik]

Biggest tell for me today was copper. It was very weak from the start. Couple that with DeMark daily perfected sell setup and I had to break my own rules and chase the downside trade a bit. Take a look at copper's chart, it has completely rolled over, suggesting the stock market may do the same. Copper has already re-traced over 50% of its gains since the lows.

Can you share with me the DeMark sell setup? Where can I read more about it?

DeMark Indicators book that is commonly read
http://www.amazon.com/DeMark-Indicators ... ewpoints=1

You can pick up most of the sequential and countdown stuff online for free at different sites. I only use sequential and countdown as trading evidence. I will try to find a simple explanation and pass it along. Kevin Depew at Minyanville does a terrific job of tracking DeMark Indicators (subscription only unfortunately).