10/31/2011 Intraday Watering

[wayne0708]

I hope INDU closes below 12K

[uempel]

Went long here, tight stop:

[heavenskrow]

Been riding most of the way up from October 6th
and been short from end of close last Thursday
All thanks to Evil Index

[waverider]

Up 17% on TVIX. Glad I became bearish when all the bears capitulated.

Great trade, I was watching TVIX on friday and decided not to take the risk... A couple of people on the board were buying (bullish) near the end of the day, no reason to take on risk over the weekend!

[noob]

Hi Cobra!

Evil plan is still higher high ahead? Could it be possible that this time is different and no higher high after MAD and this is the start of the pullback? Looking forward to your answer!

Thanks.

I think now you get the answer. Bears are way too weak.

Yes they are, let's see how we close today.

I guess the question is still valid?

ha ha, the answer is still possible.

you made my day!

That's great to hear!

My thinking is, if it's possible for S&P to go up 300 points in a month based on nothing, anything is possible.

[waverider]

Been riding most of the way up from October 6th
and been short from end of close last Thursday
All thanks to Evil Index

Can you elaborate further on your "evil index"? Maybe share the ticker(s) with us?

[heavenskrow]

Up 17% on TVIX. Glad I became bearish when all the bears capitulated.

Great trade, I was watching TVIX on friday and decided not to take the risk... A couple of people on the board were buying (bullish) near the end of the day, no reason to take on risk over the weekend!

but the evil is a smart money index..... =]

[wayne0708]

Went long here, tight stop:

SPX15.png

why long if you thought it could go to 1240?

[zombiebraingoo]

if you say so...

http://stockcharts.com/h-sc/ui?s=FAGIX: ... 6388754929

until this ratio gets at least above the 89 ma the trend is down

[heavenskrow]

Been riding most of the way up from October 6th
and been short from end of close last Thursday
All thanks to Evil Index

Can you elaborate further on your "evil index"? Maybe share the ticker(s) with us?

hehe sorry, this is my key trading edge...and i dont want the word to get out...or else i would publish a book on it

[Petsamo]

Went long here, tight stop:

SPX15.png

I have a suspicion we gap up tomorrow, especially if we close at the lows.

[waverider]

Went long here, tight stop:

SPX15.png

Interesting, I see trend line support from oct 26. Will it hold?

[wayne0708]

INDU 12 points away

[MrMiyagi]

I hope INDU closes below 12K

That's the level I am eying today, I believe that it will float above it.

[ocassional observer]

i happened to look at 30 min $usd and saw a phantom bar to 78.5 visible on 10,15,30 min chart, and daily. anyone else sees that?

[HappyFriday]

Close my long position of VXX which I bought last Friday for huge profit.

[wayne0708]

eur/usd keeps heading lower

[zombiebraingoo]

1257 here we go
o
o
o
o
o

[ultramarine]

Went long here, tight stop:

SPX15.png

I have a suspicion we gap up tomorrow, especially if we close at the lows.

Tend to agree. At least we will see rally attempt into Wednesday and FOMC day. My guess now is lower high -- 1270-1280. And then down again into next week for lower low.

Euro broke through 1.39 today so that is the most compelling tell for near term direction of stocks. Down.

[tdo722]

50% fib reached. next up is 61.8% at $124.96.