03/06/2012 Intraday Watering

[Cobra]

Bulls have faith: the day is still young but a couple of these short term setups may come to fruition by the end of the day if SPY stays put or goes lower.

better SPY down 4 days in a row, then bulls have more chances.

[L_T]

Good to know Cobra thanks.

[BBFinance]

Gap down below yesterday's low so chances are the gap won't be filled.

Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real, so the target might be possible.

GM Cobra,
The target, is it for the entire correction or for today?
I know the board is for day trading and hence this question.
Thanks for your kind answer.
BBF

I don't believe it's for today and it doesn't have to be hit exactly, it just means more down ahead, that's it. Double Top has 72% chances to meet the target.

Thanks.

[KENA]

No I have not shorted my pet..I was reading last night and wish I had .This group of stocks may be good for shorting for now.Come on give me a comment on YOKU ,you got my interest up.

[Al_Dente]

Internals 1min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Me XMan]

Will gravity pull SPX down to 1250?

this correction will last couple more days, $NYHL now in the red, DBV confirmed down also today. not good

[btran874]

This is a very healthy correction. Bulls do need this correction badly, otherwise it ain't gonna go past 1450.

[soku]

No I have not shorted my pet..I was reading last night and wish I had .This group of stocks may be good for shorting for now.Come on give me a comment on YOKU ,you got my interest up.

i cover here and i am done for today.
i yelled to put the pet on 3/1 around 12. at that time the stock price was above 114. i just hedged around 106. you miss big profit, man.

[SWalsh]

You make the call?

1- Corrective
2- Coincidence that C=A at a channel and impulse continues

(bet with your head and not over it...and see first part of sig line!)

[bbc]

finally made a small fortune on vix future and future spread

first time, holding shit for more than one hour.

[ZimZeb]

[SB73]

finally made a small fortune on vix future and future spread

first time, holding shit for more than one hour.

Pulled 1/3 of the position of the table, but still holding the other 2/3. This thinkg can really run if the correction has more legs.

[BullBear52x]

Will gravity pull SPX down to 1250?

this correction will last couple more days, $NYHL now in the red, DBV confirmed down also today. not good

Here's unfilled gap, 1250? my crystal ball is to rusty to see that far out

[SWalsh]

I'm one of the last guys to be bullish, but you should be able to see three reasons right here for it to hold. I posted 2 of them.

[soku]

an interesting reading.

http://www.thetechnicaltake.com/2012/02 ... different/

[Cobra]

forgot to say, target $134.61, nowadays only 50% chances, so I'm not sure.

[bbc]

finally made a small fortune on vix future and future spread

first time, holding shit for more than one hour.

Pulled 1/3 of the position of the table, but still holding the other 2/3. This thinkg can really run if the correction has more legs.

I was doing

[dr659]

Bulls have faith: the day is still young but a couple of these short term setups may come to fruition by the end of the day if SPY stays put or goes lower.

better SPY down 4 days in a row, then bulls have more chances.

If today red, This would be 3?

[SB73]

Ain't saying anything but let my shorts ride

YES CELEBRATION TIME !!!!!

Can you post your latest TVIX chart.

You must be joking I am out for the next 3 hours ::::::::::::::.

I found TWTs count. It was on the intraday watering for Friday somewhere in the first 5 pages. Wow did this count help me nail this trade. Thank you TWT.

[bbc]

I only short from 3.3 -> 3.0, and you knew the potential if you look at UXH1-UXJ1

3.5-> (-1.5)