12/02/2011 Intraday Watering

[Al_Dente]

Intraday 1min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

[jaijailyc]

despite cobra's target... im starting a small short position here.

[dcurban1]

Reading Material – December 2, 2011 - Europe Continues to Burn (Greece is on strike)

http://atruecontrarian.blogspot.com/201 ... urope.html

Technical Analysis – December 2, 2011 – Nasdaq 100 and Copper

http://atruecontrarian.blogspot.com/201 ... -2011.html

[SB73]

As of the moment I did this analysis the SPY was up 8.15% for the week or $9.48. 85% of these gains or $7.99 came in the pre-market. The gaps are getting ridiculous. Roll the dice at night or come home empty. I am feeling short term very bearish with this many major gaps. Expecting a gap fill today or monday. Shorted at open.

very true. been going on like this for quite some time. it's betting black or red overnight.

so you're going to hold short over the weekend? seems pretty risky...i'm going to try and get as flat as possible right now. i went long at yesterday's close. will probably close it out by the end of the day.

I was long at yesterday's close as well even though I was scared about it. I am hoping to be flat going into the weekend as well.

Cut my losses...no give back yet.

[cougar]

Here are the main 2 charts which were used for acquiring those time spread positions. These charts now cover the whole day, in retrospect, and contain some annotations. As you probably guessed, I used UPRO as a “proxy” for SPY because being an “ultra ETF” it amplifies the index moves, and also because I noticed that it has an excellent “bot-connectivity” to both futures and cash value. It also partially reflects the desirability of the moves and often precedes by 1-2 sec the moves of SPY…LOL! On the other hand, SPY Fast Renko keeps me aware of some essential levels which one should never forget.
One more thing: I preferred a put spread to a call spread because I have already a substantial up bias…On top of that I count on a small gambling time factor: playing on the dates Dec 8-9 (Merkozy) and Dec 13 (Fed). GL with your trades!

COUGAR………..i’m hooked..(it’s been a while) …but have 2 study yr charts later…
[last night’s random notes] So….…if u open both legs same day, the spread is considered covered (u could pay cash) with no margin interest, right?
If u sell-to-open the short leg first on one day (then long leg on a later date), it’s naked, and you can only accomplish that in a margin account approved for nakeds Level 3 (or whatever it’s called now), and they start charging u margin interest, no?
So, do you try to avoid naked by opening both legs same day, or if different days, open the long first?
Do u construct it so the short leg always/usually expires first, so never/rarely leaving u naked?
Or, are u perfectly comfortable naked in roller-coaster market (aka really big bowls)?
Finally, do you use the short leg ONLY to offset/reduce cost of long leg?

cougie: two stringer (parental advisory)
http://www.youtube.com/watch?v=DFRM8pQG ... re=related

No, I am not comfortable with naked selling…Nobody is...in particular in this market which can turn around to bite you! I might have sometime a bias of short options as part of a “synthetic position” but then I have to watch it like a hawk!
Moreover, most accounts are not qualified for naked options selling…
If you want to initiate your strategy, do it first as a “paper trade” ..and after you acquire the positions consider to manage them actively...but not too much!
Here is the art : you have to keep what frogs call “le juste milieu“…
====

Thanx for the "tube"...Nice!

[TWT]

SPX: Potential wave (5) in progress

[uempel]

Alvian 33, fyi I closed my longs now.

[bushwaffle]

What. Does. That. Mean?

Wave guys...please, the charts are cool but (this not being a "wave" forum), need at least a short explanation with such posts. I have no idea what the hell a wave "5" is or means or implies...

[fehro]

press a little higher ..SPX 200 MA 1265.02

[uempel]

Intraday 1min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

Al, I've added your 1 min chart to my collection. Really appreciate it and I know that I owe you copyright...

[uempel]

What. Does. That. Mean?

Wave guys...please, the charts are cool but (this not being a "wave" forum), need at least a short explanation with such posts. I have no idea what the hell a wave "5" is or means or implies...

There is no 6th wave - and go to chartschool at stockcharts.com

[Carlos]

I am seeing a macd crossing coming up on the 10 minute chart that is pointing things lower.

[jarbo456]

there's some RSI neg D on the hourly's...but this market seems intent on pressing a little higher.

[GreedyKojiro]

despite cobra's target... im starting a small short position here.

TZA at 52-week low.. hedging 500 shares..

[bushwaffle]

I've noticed a very interesting phenomena; one can tell when the market is reaching a critical point, because this board momentarily goes silent.

[Al_Dente]

Intraday: Nyadv strong bull >2300 must hold up
Please double check dollar futures vs UUP/UDN (not on this chart)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

PAGING Baron von BB52x: natural-gas news
http://www.nytimes.com/2011/12/02/us/dr ... s&emc=tha2
previous articles in the series here: http://www.nytimes.com/interactive/us/D ... s&emc=tha2

PAGING COUGAR: thanks for PALL.
Also, the only thing I’m “initiating” is a cougar watch… more later

http://www.youtube.com/watch?v=Gdw_Xr0v ... re=related

[noob]

target 126.68, 80% chances.

Thanks! Still expecting drift down given morning's action?

[jaijailyc]

despite cobra's target... im starting a small short position here.

TZA at 52-week low.. hedging 500 shares..

yea, TZA for me too. Got a little at 27.38 and a little more at 27.15.

[newbie_77]

now the third try to break the 1260 most likely it will get broken and next stop ? 1265? 1270?

[uempel]

now the third try to break the 1260 most likely it will get broken and next stop ? 1265? 1270?

??????