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Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:32 pm
by heavenskrow
Oscar at Omni always says "Holiday Reversal"
Whatever trend prior to holiday(Labor Day weekend), traders leave to their homes and prices go reverse of prior trend.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:33 pm
by nasa1100
nasa1100 wrote:Having a MAD again...
so, a confirmed bottom finally!
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:36 pm
by heavenskrow
Today is awesome day!!!!!!!!! Break above key resistance, GO FUCKIN BULLLLLLLLLLS!
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:37 pm
by varaamo
what is MAD? Sorry for my ignorance,
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:37 pm
by BullBear52x
1212 there you go Uempel, Bulls marching in!!!!
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:37 pm
by Mongoose
Cobra - if SPY closed above its August 17 high of 121 and change, would that suggest a "rising wedge" you illustrated on the 26th? Would it also suggest a few more days of this rebound?
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:38 pm
by Al_Dente
Cobra wrote:I'll consider the target has been reached.
Cobra: perfect target, once again.
Thanks.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:38 pm
by mac769
uempel wrote:Went short now
(don't copy, this is high risk!)
SPX7.png
yes, could be a bear trap in the making
the markets sometime can climb a wall of worry
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:41 pm
by Cobra
Mongoose wrote:Cobra - if SPY closed above its August 17 high of 121 and change, would that suggest a "rising wedge" you illustrated on the 26th? Would it also suggest a few more days of this rebound?
more rebound if close right here, and it's still could be Rising Wedge case unless we're up huge from here with no real pullback.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:41 pm
by mac769
MajorEasy wrote:uempel wrote:Went short now
(don't copy, this is high risk!)
SPX7.png
good call!!!!
Thx for sharing
...NEVER short a dull market--- I have no reason to believe this was the top
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:44 pm
by Cobra
first of all, the first Measured Move target (ZigZag) has been reached. I see a small Rising Wedge here but need see more, because it's very difficult to time when the wedge will breakdown.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:44 pm
by mac769
AK84 wrote:KENA wrote:IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.
Yup. I agree. Im short CMG , NFLX and GOOG (max pain is 545). all positions entered today.
AAPL is not moving either....which is a red flag to me even though im long and have a target of 397...im thinking of leaving 1 oct call on as a hedge for my shorts!
But I would love to see the maket caught with its PANTSSSSS DOWNNN!!!
I am sorry to disagree, but this sure sounds like a suicide tactic this early...
bears make money, bulls make money, but pigs get slaughtered
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:48 pm
by Mongoose
Cobra - I have noticed too, 1206 is the Fibonnaci retracement level of 38.2% (between the high in July and the recent low). This is the 2nd attempt by the market. Is there any technical interpretation to this?
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:50 pm
by ddd
varaamo wrote:ddd,
just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?
Thanks
ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.
The built-in MACDHIstogramCrossover(8,21,9,EMA) as shown in the header. Only as references, I don't trade based on those signals along, as they cause trouble during consolidation / sideways.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:53 pm
by seeyou
Larger than normal call volume in ZSL .. a drop in Silver with more SPX upside ?
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:54 pm
by rola
It looks today the law of gravity does not apply for US market, or does it?
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:54 pm
by Cobra
Mongoose wrote:Cobra - I have noticed too, 1206 is the Fibonnaci retracement level of 38.2% (between the high in July and the recent low). This is the 2nd attempt by the market. Is there any technical interpretation to this?
If pullback from this level then it's resistance otherwise it's nothing, so not much implication.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 2:55 pm
by varaamo
If you don't mind, can you share your entry/exit strategy in intraday /TF?
Thanks in advance,
varaamo
ddd wrote:varaamo wrote:ddd,
just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?
Thanks
ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.
The built-in MACDHIstogramCrossover(8,21,9,EMA) as shown in the header. Only as references, I don't trade based on those signals along, as they cause trouble during consolidation / sideways.
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 3:00 pm
by heavenskrow
i think top is in for today
Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 3:02 pm
by Mongoose
thank you cobra