11/09/2011 Intraday Watering

[CognitiveDissonance]

Update:

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uempel, do you use gann?

Yes, but it's not pedigree. I steal some of his ideas and change em a bit. But if Gann were alive today and have all the electronic tools he might apply his ideas differently. To me it looks as though pencil and paper limited the application of his ideas - e.g. stockcharts offers so many chart formats, it's kind of TA paradise. Those guys in the old days were handicapped.

Great point. I can't imagine what Gann and other TA greats would have come up with using today's basic laptop.

[silkway]

Covered my TVIX, waiting for 1240 breakdown.

[alphahorn]

The moment of truth for the bulls coming, lower trend - green

[jarbo456]

did someone just resign? cuz i think we may have negated the descending triangle. -_-

[Dow Trader]

Daily UUP gained all MA's so far, if hold here or go up, then first target is Oct high

[Al_Dente]

target. 80% chances. We need a president to resign today.

Will Syria Assad count? I think he is next.

I’m thinking of resigning from this board…. But I may wait a week or so…
Today I think we’ll call u Baron von Duke52x
http://www.youtube.com/watch?v=j9PoUsRi ... re=related
“If only we could pull out our brain and use only our eyes”. [Pablo Picasso]

[easycomeeasygo]

The pattern has been a surge down then forming a falling wedge continuation pattern followed by another surge down.

I would be surprized if we didn't make a run at the 50day MA

http://stockcharts.com/c-sc/sc?s=$SPX&p ... 095&r=3213

[Petsamo]

We're at gap window. Let's drop

[alvian33]

agnosia, congrats on your /cl trade, good job, I wish I could follow you, but I try to trade only /es and /gc, got bad memories from /CL

[BullBear52x]

OK above yellow line is buyable bulls not yet alright?

[proteus46]

SPY Hourly chart

EMA 65 on the Hourly chart may be acting as resistance (SPY $125.14)

[uempel]

Roses are Red Violets are Blue
When you look at this chart
Do you see a Deja vu?
...all over again

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =242813291

Yeah, you've got it. And if we check the recent market moves such as 1101 to 1230 and 1075 to 1293 we see that the correction might be over (unless SPX blasts past 1293 very soon....). Confirmation will be a break of 1210ish...

[BullBear52x]

target. 80% chances. We need a president to resign today.

Will Syria Assad count? I think he is next.

I’m thinking of resigning from this board…. But I may wait a week or so…
Today I think we’ll call u Baron von Duke52x
http://www.youtube.com/watch?v=j9PoUsRi ... re=related
“If only we could pull out our brain and use only our eyes”. [Pablo Picasso]

here is Stewart making fun of your buddy Corzine. http://tpmmuckraker.talkingpointsmemo.c ... orzine.php

[uempel]

Roses are Red Violets are Blue
When you look at this chart
Do you see a Deja vu?
...all over again

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =242813291

Yeah, you've got it. And if we check the recent market moves such as 1101 to 1230 and 1075 to 1293 we see that the correction might be over (unless SPX blasts past 1293 very soon....). Confirmation will be a break of 1210ish...

[cougar]

QQQ dropping one more notch.
Chart later

Cougar, can you post your daily chart on IWM/RUT when you got time, just want to make a comparison.TIA.

Sure...after I take care of some positions...

[agnosia]

agnosia, congrats on your /cl trade, good job, I wish I could follow you, but I try to trade only /es and /gc, got bad memories from /CL

thanks and sorry to hear that. it's a crazy market that's for sure...

sold 96.4, short at that level now.

[Al_Dente]

OK above yellow line is buyable bulls not yet alright?

Yes, I’m getting a LITTLE TINY early green scalper signal at vwap...
But I won't scalp bull here (anti-trend intraday rule)
And here’s why http://bbq.about.com/od/chickenrecipes/r/bl80418b.htm

[noob]

I think today instead of a PM getting fired, market might pop a little after new PM is named in Greece.

[soku]

scalp short at 1243.5. expect 1238.75 stop 1244.75

[alvian33]

agnosia, congrats on your /cl trade, good job, I wish I could follow you, but I try to trade only /es and /gc, got bad memories from /CL

thanks and sorry to hear that. it's a crazy market that's for sure...

sold 96.4, short at that level now.

man you are selling at the very top and buying at the very bottom, hahaha nice job!