10/21/2011 Intraday Watering

99er · Post by **99er** » Fri Oct 21, 2011 9:40 am

Honey...
SPX http://99ercharts.blogspot.com/2011/10/spx_21.html

Let's page Tabby.

BullBear52x · Post by **BullBear52x** » Fri Oct 21, 2011 9:42 am

GM,
The market once again proven that it can outsmart the smartest guys on the street. be dumb as dumb as you can be

today will be boring a day like today probably not going to be a trend day, but if it is in any direction it will be a tell of next week direction. by trending I mean 5 or more SPX's point.

Well, uncle AL, lets hit the music.

cougar · Post by **cougar** » Fri Oct 21, 2011 9:43 am

GM!
OpEx Friday! Good luck!
Big Manipulation in the pre-market and probably more ahead!
But, is it sustainable?

BullBear52x · Post by **BullBear52x** » Fri Oct 21, 2011 9:48 am

cougar wrote:GM!
OpEx Friday! Good luck!
Big Manipulation in the pre-market and probably more ahead!
But, is it sustainable?

Cougar, I thought we can look to a possibility of 125ish, no? today I will only day trade no over the weekend position most likely.

Al_Dente · Post by **Al_Dente** » Fri Oct 21, 2011 9:49 am

BullBear52x wrote:GM,
The market once again proven that it can outsmart the smartest guys on the street. be dumb as dumb as you can be
today will be boring a day like today probably not going to be a trend day, but if it is in any direction it will be a tell of next week direction. by trending I mean 5 or more SPX's point.
Well, uncle AL, lets hit the music.

bs 52x: fodder for your XLF thesis here
http://www.zerohedge.com/news/vic-issue ... ort-thesis
also, this interest u re UNG? I don’t follow UNG but I notice u yappin about it endlessly
http://www.nytimes.com/2011/10/20/us/ru ... &emc=tha23

ALL today’s music candy courtesy Al’s generation
http://www.youtube.com/watch?v=rWJhiP44s60

99er · Post by **99er** » Fri Oct 21, 2011 9:50 am

Honey...
SPX http://99ercharts.blogspot.com/2011/10/spx_7767.html

Start the car!

silkway · Post by **silkway** » Fri Oct 21, 2011 9:50 am

spy p-bar at 122.13

champix · Post by **champix** » Fri Oct 21, 2011 9:52 am

agnosia wrote:hey guys, guess we are headed back to the moon, i bought /cl 87.5 at the open. if u haven't bought already wait a few minutes for a pullback to the 10/20ema's on the 5min chart for a good risk/reward entry. good luck.

Hi agnosia,
Any target for crude?. Long @ 87,35 and today I do not want my cash go away...lol
I am looking at 89+ but maybe too bullish...

Post by **Cobra** » Fri Oct 21, 2011 9:55 am

the previous high is just a few cents away, with QQQ and IWM lagging, interesting.

silicon_beaver · Post by **silicon_beaver** » Fri Oct 21, 2011 9:56 am

good morning Cobra and everyone.

Cobra's report absolutely correct. PFPF.

Now go to watch market. I have some FAZ with deep covered calls (FAZ 46 Friday/today). time to move on.

Roadrunner · Post by **Roadrunner** » Fri Oct 21, 2011 9:56 am

agnosia wrote:hey guys, guess we are headed back to the moon, i bought /cl 87.5 at the open. if u haven't bought already wait a few minutes for a pullback to the 10/20ema's on the 5min chart for a good risk/reward entry. good luck.

what is your experience on the 10/20 ema? do you get whipsawed allot on the 5min? do you look at 3 min and/or 15 min? would you not choose 13/34?
cheers

seekingknowledge · Post by **seekingknowledge** » Fri Oct 21, 2011 9:56 am

BullBear52x wrote:
cougar wrote:GM!
OpEx Friday! Good luck!
Big Manipulation in the pre-market and probably more ahead!
But, is it sustainable?
Cougar, I thought we can look to a possibility of 125ish, no? today I will only day trade no over the weekend position most likely.

Personal opinion: Looks sustainable for some time. Cobra is predicting a big move up. Looks like it. Reasons:
1) Bulls fought real hard to get above the 50MA on the daily and they're keeping it there. Go look at long-term charts. When you get above the 50MA and holding there, market goes higher. This is a powerful MA.
2) Just noticed yesterday (on Russell) that daily RSI was staying above 50 ... and the last times this happened were the big run-up's in March, 2010, and June, 2010.
3) We're going into November and November, December, January are historically the three power up months of the market cycle.
4) Earnings are coming in really well (except for AAPL).

Feel free anyone to contradict or provide additional info.

bonzodon · Post by **bonzodon** » Fri Oct 21, 2011 9:58 am

I am trapped in TVIX half in and started loosing some. Wish the market to return back in the range to break even.
What are the chances it might decline. Is midday reversal possible? Any suggestion would be helpful from active TVIX traders.

BullBear52x · Post by **BullBear52x** » Fri Oct 21, 2011 9:59 am

Al_Dente wrote:
BullBear52x wrote:GM,
The market once again proven that it can outsmart the smartest guys on the street. be dumb as dumb as you can be
today will be boring a day like today probably not going to be a trend day, but if it is in any direction it will be a tell of next week direction. by trending I mean 5 or more SPX's point.
Well, uncle AL, lets hit the music.
bs 52x: fodder for your XLF thesis here
http://www.zerohedge.com/news/vic-issue ... ort-thesis
also, this interest u re UNG? I don’t follow UNG but I notice u yappin about it endlessly
http://www.nytimes.com/2011/10/20/us/ru ... &emc=tha23

ALL today’s music candy courtesy Al’s generation
http://www.youtube.com/watch?v=rWJhiP44s60

Yeap NG, but UNG try to play hard to get, I will nail her one of these days.

cougar · Post by **cougar** » Fri Oct 21, 2011 9:59 am

BullBear52x wrote:
cougar wrote:GM!
OpEx Friday! Good luck!
Big Manipulation in the pre-market and probably more ahead!
But, is it sustainable?
Cougar, I thought we can look to a possibility of 125ish, no? today I will only day trade no over the weekend position most likely.

That’s wise…But, in my case, I will probably have to stay with an SPY strangle over the weekend…+ some QLD which I bought at the low…2 days ago.
Lots of work ahead today…
More about that at the Weekend Watering

stockcycle · Post by **stockcycle** » Fri Oct 21, 2011 10:00 am

Add SWC to my long portfolio of XIV and EDC.

Tabby · Post by **Tabby** » Fri Oct 21, 2011 10:01 am

99er wrote:Honey...
SPX http://99ercharts.blogspot.com/2011/10/spx_21.html

Let's page Tabby.

I fell asleep from waxing my board.

PLUNGE · Post by **PLUNGE** » Fri Oct 21, 2011 10:02 am

Holding longs but nervous about European bailout discussions this . What if the Germans show reluctance to throw more money down the rat hole? Any ideas?

wayne0708 · Post by **wayne0708** » Fri Oct 21, 2011 10:02 am

Cobra:
Is this a decisive break out or wait after consolidation for confirmation?

StrikePrice · Post by **StrikePrice** » Fri Oct 21, 2011 10:03 am

Alt Count wins. I'm looking at this Ending Diagonal in Wave 3 of 5. Possibly we'll get 4 and 5 today but there's room to wait until Tuesday to sell-off. Congrats to those long, but be defensive when this Wedge breaks down for real.

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10/21/2011 Intraday Watering

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