10/31/2011 Intraday Watering

[Cobra]

not a good L2 short, but let's see.

[cougar]

I saw SPY going slowly UP.
But Da Boyz bought already lots of VIX calls, and now they buy SPX and SPY puts….
Check the evolution of the P/C vol. ratios…
Bull trap for “buy-the-dippers“???

[ActiveTrader]

Today is a huge wast of time. Just robot ping pong.

[Me XMan]

Could be a stalemate for today...

I saw SPY going slowly UP.
But Da Boyz bought already lots of VIX calls, and now they buy SPX and SPY puts….
Check the evolution of the P/C vol. ratios…
Bull trap for “buy-the dippers“???

[BullBear52x]

it was a good H3, now bears need show strength here, otherwise the game is over.

Vix is overbought right now, wait a little for it to shake out from its OB stage before another sell kicks in. My RSI tells me buying is bad bet.

[BullBear52x]

I saw SPY going slowly UP.
But Da Boyz bought already lots of VIX calls, and now they buy SPX and SPY puts….
Check the evolution of the P/C vol. ratios…
Bull trap for “buy-the-dippers“???

you are fast, yeap I am with you.

[Cobra]

good L2 short. now we had 3 win: EMA gap short, H3 Long and L2 Short, failed H1 and H2, 3:2.

[wayne0708]

not a good L2 short, but let's see.

looking a lot like H&S. so further down i think but dont know target?

[uempel]

Today is a huge wast of time. Just robot ping pong.

Yes Sir!

[Cobra]

key time, bears pray really louder! You definitely need a breakdown here!

[KENA]

Mostly watching and didleing around the house.No trading..Holding all positions maybe do something tomorrow..Lets see.

[fulkdaddy]

I just spent the weekend with Ken Goldberg, a 26 year veteran trader who is amazing in his use of Elliot Wave and Fibonacci...he learned from the man himself, Robert Prechter. He pays attention to the Moon Cycle, and the Bradley Model (planetary alignment). The reason being, the market is a measure of the crowd. And the crowd rarely wins.

In is common knowledge that ER doctors, people who work in jails, etc. say activity picks up around the full moon. The human body is made up of about 70% water. So, if the moon can affect the oceans...it can certainly affect us, right? So Ken uses the moon cycle and Bradley model as potential turn points and markers along the trading highway. For example, if there is a full 5 wave impulsive move up, and it ends at a Fibonacci retracement level, and we are entering a new of full moon, then the evidence begins to mount there could be a trend change in the market.

[cougar]

Could be a stalemate for today...

I saw SPY going slowly UP.
But Da Boyz bought already lots of VIX calls, and now they buy SPX and SPY puts….
Check the evolution of the P/C vol. ratios…
Bull trap for “buy-the dippers“???

I disagree...
“Stalemate” is an “end of the game”…and there is no such a thing in stocks trading…Patience!

[BullBear52x]

key time, bears pray really louder! You definitely need a breakdown here!

[Cobra]

breakdown, yes, but I don't trust H&S top target at all!

[Petsamo]

All that is required to invigorate bull imagination is close European markets FTSE -2.77 DAX -3.23 CAC -3.16 SPY -1.41. One of these doesn't look like the others.

We don't have any PIIGS, but we're working on it.

[wayne0708]

breakdown, yes, but I don't trust H&S top target at all!

I like and agree with your target, bust as you said it may not get there today

[noob]

breakdown, yes, but I don't trust H&S top target at all!

We are not that weak after all Evil plan remains intact?

[Me XMan]

KABOOM!

breakdown, yes, but I don't trust H&S top target at all!

[SB73]

I would assume that bulls have stops at 1256. A break below would mean further downside pain. I know that bull is resiliant though so I am not getting too aggressive here.