09/02/2011 Intraday Watering

[shumushu]

breadth is screaming to the upside UIPUPUP

[cougar]

Be careful with your Honey, "99er"...
In Hawaii the rip tides are known to be very violent and to rip off bikinis...She might become very popular...

[ramram]

Hi guys -- I am finally in.
I wrote lots of calls on NFLX - but did not short. Still sweet profit.

[lilitulip]

I think it'd breakout on the upside.

Hi Cobra, on 15 min or 30 min chart, it looks like bear flag, you think safe to hold my TZA for now? thanks

[BullTart]

Closed long TVIX (VIX ETF) positions opened up from yesterday.

Opened up speculative long 3X SPX (UPRO) positions to see if we bounce from here.

My projection is that we have a bounce from here to slightly higher highs before wave 3 starts which could take us to new lows for the year.

[Cobra]

I think it'd breakout on the upside.

Hi Cobra, on 15 min or 30 min chart, it looks like bear flag, you think safe to hold my TZA for now? thanks

yes

[StrikePrice]

The Government is going to SUE the Banks.Can you think what this will do to the Banks that are already in poor shape.Boy we sure need a change.

The government bailed out the banks, and now they're going to sue them. So, after they sue them, will the government bail them out again? Talk about not making any sense........

Since 2000 I think we can now say the US has had the dumbest government in a long time. I guess the Baby Boom generation is proving that anyone of them with half a brain did not go into politics.

I hope my generation (I'm 3 years away from being eligible to be president) will be able to turn things around. But that won't be for a while and when I look at many of my peers, well, uhh, so how things in Canada Cobra?

[ramram]

I can admit that I did not vote for Obama.

[cougar]

It turns out that shorting GS yesterday, via puts, was pretty good..
If anyone is interested in long or short term signals on GS - let me know...
I've been charting it for a long time.

Thanks for offering. Yes, if you could provide some charts that would be great. I was thinking about doing some multiday/swing trades info.

OK, COG! Coming soon...

[StrikePrice]

Closed long TVIX (VIX ETF) positions opened up from yesterday.

Opened up speculative long 3X SPX (UPRO) positions to see if we bounce from here.

My projection is that we have a bounce from here to slightly higher highs before wave 3 starts which could take us to new lows for the year.

I read it as we just had Wave 3 down and now in Wave 4...likely a Running Flat or Triangle at this point si I'm not expecting to clear 1187 resistance before Wave 5 is down to 1160.

[ramram]

Hey Bulltart.
Is your higher highs for the day or 1230 on S&P level? please clarify. Thanks

[AK84]

I wish I could post some charts for you guys here on the single stocks I follow. I rarely post charts but try and give ideas/strategies and the reason for that is because im at work during the day and my boss will go apeshit on me if he saw me posting charts. he is kind of psycho !

Sorry guys but hopefully I will try to post some charts soon maybe once a week to begin with.

[jarbo456]

are you still thinking a breakout to the top side cobra? it's looking more and more strongly, even on the smaller time frames, of a bear flag.

[uempel]

Two monthly SPX charts: first one shows the importance of 1180 (blue center line going back to the Russian crisis in autumn 1998), second one shows the importance of 1100 (monthly channel of the bullish move which began 2009).

[ramram]

If anything it is a consolidation rectangle box - not a flag.

[99er]

Thought For The Day

"I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms."


http://www.businessinsider.com/the-tk-b ... aid-2011-8#

[cougar]

GS swing signals:
1: 1st SELL, at retest of the Accel. Band top + drop!
2: Confirmation at cross-over.

[cougar]

The GS signals are an update of yesterday's chart.

[cougar]

GS: Sell! and Cover on “fast Renko”

[cougar]

Long term GS à la Gannoise: maybe…reversal at the 8 moths vibration…