09/07/2011 Intraday Watering

[jarbo456]

jarbo, IMO the comment of Agnosia is quite innocent. If someone can't accept even a light comment, i think it could be better for him/her to be out of this game... it can cost your wealth, but it's only up to each one to avoid it cost you health too. Sorry my bad english...

Ok. I stand corrected and apologize.

[99er]

RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut_07.html

[Cobra]

still is wedge.

[HappyFriday]

'Modest' pace to U.S. economic growth: Beige Book

[agnosia]

I for one traded on the crude recommendation in futures contracts and appreciate agnosia's commentary. His commentary was a form of his position commitment.

glad i could help

[agnosia]

jarbo, IMO the comment of Agnosia is quite innocent. If someone can't accept even a light comment, i think it could be better for him/her to be out of this game... it can cost your wealth, but it's only up to each one to avoid it cost you health too. Sorry my bad english...

thanks quientuves. i think u summed it up nicely.

garbo it is hard to convey emotions sometimes in type but i am in no way think i am greatest trader around and sorry if i came off that way. i just want to share my opinion for today which happens to be strong and have only been trying to sound more assertive than usual because i don't want to see people lose money...

[jarbo456]

jarbo, IMO the comment of Agnosia is quite innocent. If someone can't accept even a light comment, i think it could be better for him/her to be out of this game... it can cost your wealth, but it's only up to each one to avoid it cost you health too. Sorry my bad english...

thanks quientives. i think u summed it up nicely.

garbo it is hard to convey emotions sometimes in type but i am in no way think i am greatest trader around and sorry if i came off that way. i just want to share my opinion for today which happens to be strong and have only been trying to sound more assertive than usual because i don't want to see people lose money...

Understood. Was long with you today.

I personally like to think I'm taking money from my brokers prop traders than anyone here.

[mac769]

still is wedge.

still in the "bear channel" but the bears must surely hurt when we get close to 1200... and maybe above
be careful out there of a bull trap nevertheless

http://img12.imageshack.us/img12/8361/capturekem.png

[levidecap]

700k volume shorting SPY at 119.90 on 15 sec chart. Somebody making a $83M bet we will be heading lower I guess.

First Post. Hi guys, thanks for the charts and insight from all the posters and Cobra for facilitating.

[uempel]

Last chart for today, bye guys.

[uempel]

700k volume shorting SPY at 119.90 on 15 sec chart. Somebody making a $83M bet we will be heading lower I guess.

First Post. Hi guys, thanks for the charts and insight from all the posters and Cobra for facilitating.

Or hedging longs in certain equities...

[agnosia]

Understood. Was long with you today.

I personally like to think I'm taking money from my brokers prop traders than anyone here.

exactly, i kind of think of this board as the cobra team and we should help each other out. it's a zero sum game so it's us against the hedge fund crew, investment banks, etc..

if i make a post about a trade and someone calls me out and makes a good argument against it i will be happy that they did ... i would not take it personally and actually think it is a nice gesture by that person to help me out with something i may have missed.

[agnosia]

ok guys as stated we broke the 1193 resistance i went all in long at 1193.25 breakout. stop is even. target 1200-1204

[waverider]

'Modest' pace to U.S. economic growth: Beige Book

This is hardly relevant to the markets direction.

AMED trending nicely

[agnosia]

'Modest' pace to U.S. economic growth: Beige Book

This is hardly relevant to the markets direction.

AMED trending nicely

relevant -

http://highchartpatterns.net/wp-content ... /09/12.png

[wwroller]

something I've been wanting to write to the board (not just because of you) for awhile...

Sorry if my newbie/lurker comment holds little weight, but. I took the comments as nothing but light-hearted and well-intentioned. Even if I were down big on the day, I can't see taking offense to those comments...

[frankthetank]

Nice chart agnosia. I would have to think tomorrow is big time down day. We've moved 65 points straight up without any retractement. Oscillators stoch, rsi and macd all overbought all day today. I'm not saying we can't go up but straight up is ridiculous unless were going straight down

[99er]

frankthetank: "unless were going straight down"

Bingo!

[Cobra]

still don't see weakness. now it's not wedge anymore. Trading on day like this is very easy, I wish day day the same, no matter down or up as long as it's trending.

[Petsamo]

So who's selling before the close?