08/08/2011 Intraday Watering

[agnosia]

hmm.. so we are waiting for the Prez to move the market looks like we will wait @ the crossroad (1153) untill we hear from the boss

the boss just like to speak.. i'm sure he will say nothing of importance.

[BullBear52x]

well, now it looks like a Descending Triangle. no good.

Gee, I am so nervous that I already unloaded 95% of my VIXY. I usually am very patient to hold tight when I am trapped and under deep water .

this kind of market is not easy to trade unless day trade. Pretty much a day trader should have finished today's job already.

greedy one(DT) hope to nail the bottom some sees double bottom some sees descending triangle, love TA

[Anaconda]

I'm still looking.I may buy NLFX calls some time today.I like in the money calls but I will probably buy either near the money or just out of the money to keep the risk dn somewhat. Lets see.

I dont like NFLX anymore after last weeks weekly trendline break. Trend is down so unless u day trade the daily, be careful!
im looking to go short NFLX on any bounce under 250

Agree. My Sept 175 puts are in the money to the tune of @ 30% and I think they're going higher. NFLX is like precious metal. To get liquid, folks are selling whatever is salable and this is one of those highflyer stocks which, for some crazy reason, people think is not susceptible to the laws of nature - it will return to fundamentals at some stage. And, when it does, it will be well below $100 stock, IMO.
GL

[99er]

BKX
Uh oh.
http://99ercharts.blogspot.com/2011/08/bkx_08.html

[fuddleduddle]

S&P really running the show the last few days. Downgrade this, downgrade that.

Gold is so compelling right now. I feel so tempted.... must not chase.. parabolic... rise...

*prays for successive gold margin hikes*

[Cobra]

well, now it looks like a Descending Triangle. no good.

Gee, I am so nervous that I already unloaded 95% of my VIXY. I usually am very patient to hold tight when I am trapped and under deep water .

this kind of market is not easy to trade unless day trade. Pretty much a day trader should have finished today's job already.

greedy one(DT) hope to nail the bottom some sees double bottom some sees descending triangle, love TA

double bottom or descending triangle, both are possible, need wait for the breakout. trading wise, betting on descending triangle has a little bit edge because the trend is down. I mean TA is very powerful tool but it's not easy to grasp.

[Cobra]

hmm.. so we are waiting for the Prez to move the market looks like we will wait @ the crossroad (1153) untill we hear from the boss

the boss just like to speak.. i'm sure he will say nothing of importance.

He'd say: you should buy stocks while they're cheap. I'd bring you more stimulus plan. We'll spend out of recession. Yes, we can! Thank you and God bless America.

[fuddleduddle]

Wagers on QE3 announced tomorrow at Jackson Hole?

[Cobra]

Wagers on QE3 announced tomorrow at Jackson Hole?

I bet announce QE3 tomorrow would cause even more panics.

[Ninja Trader]

QE3 is far more likely to be sold now than bought from where I'm sitting

[AK84]

QE3 is far more likely to be sold now than bought from where I'm sitting

and where r u sitting ??

[fuddleduddle]

Wagers on QE3 announced tomorrow at Jackson Hole?

I bet announce QE3 tomorrow would cause even more panics.

I think so too. It would just be an announcement with nothing concrete. It'll bring about a whole new round of political drama. And any successive QEs will have diminishing effectiveness.

[99er]

RUT
http://99ercharts.blogspot.com/2011/08/rut_08.html

[Cobra]

QE3 is far more likely to be sold now than bought from where I'm sitting

and where r u sitting ??

[cougar]

R U guys sure that J. H. is tomorrow?

[EvilTrader]

Wagers on QE3 announced tomorrow at Jackson Hole?

I bet announce QE3 tomorrow would cause even more panics.

I think so too. It would just be an announcement with nothing concrete. It'll bring about a whole new round of political drama. And any successive QEs will have diminishing effectiveness.

We are soooo oversold that i think any good news will spark a snapback rally.

Look at daily SPY RSI, lower than world-gonna-end 2008 crisis.

[agnosia]

We are soooo oversold that i think any good news will spark a snapback rally.

please send me a dime.

[fuddleduddle]

Obama's 'talk' moved to 1:30 EDT.

[Dow Trader]

Dow Theory ?
check the basics in this chart

[BullBear52x]

Liquidity is running dry, my uncle print press is jammed, darn Tea party stall every thing

see DBV, intraday I kind of see pos D. since it still well under 200ma 1min. it's not so hot. here the intermediate term look, no money to be found to move this market up.