09/13/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Tue Sep 13, 2011 2:22 pm

Market waiting for the impatience to switch side and then BooM! got ya moment.

mac769 · Post by **mac769** » Tue Sep 13, 2011 2:25 pm

qtipped wrote:
qtipped wrote:i covered for a little profit...thought we were going to bounce off the MA and shoot for today's highs again. guess i'm wrong and now of course it drops more after i covered.
still a good chance we get to 118.10-118.25 area....looks my cover was a good decision.

overall mkt sentiment is measuring good with europe closing positive. i will short another day and may go long a little.

I agree, this is not the time to short the market, specifically in the last hours of trading...

Post by **Cobra** » Tue Sep 13, 2011 2:25 pm

1 = 5 target met.

stockcycle · Post by **stockcycle** » Tue Sep 13, 2011 2:26 pm

cougar wrote:
stockcycle wrote:May be it needs some kind of breath/consolidation @117.5 before the race for the target 118.5
Interesting "stockcycle"! This is, however, a minor move... No"race into it" - IMHO...But how did you come up with it? Can you show a chart?

My perceive on 1'chart is a cup with handle?

Post by **Cobra** » Tue Sep 13, 2011 2:27 pm

here's another target met. the red moving average now serves as resistance, let's see.

BullTart · Post by **BullTart** » Tue Sep 13, 2011 2:28 pm

BIG question I have is whether or not the will pull the rug out from the market at 2:30pm today... 2 more minutes to find out.

This will be interesting... looking like a cup and handle breakout... perfect area to pull the rug out on all those who went long on the cup and handle breakout.

However, if it keeps going up, I will be forced to close my speculative TVIX longs and wait for another trade to present itself.

BullBear52x · Post by **BullBear52x** » Tue Sep 13, 2011 2:30 pm

Normally selling right about this area is a must take action

cougar · Post by **cougar** » Tue Sep 13, 2011 2:30 pm

stockcycle wrote:
cougar wrote:
stockcycle wrote:May be it needs some kind of breath/consolidation @117.5 before the race for the target 118.5
Interesting "stockcycle"! This is, however, a minor move... No"race into it" - IMHO...But how did you come up with it? Can you show a chart?
My perceive on 1'chart is a cup with handle?

Alright! Got it! Nice! Good luck!

jarbo456 · Post by **jarbo456** » Tue Sep 13, 2011 2:32 pm

i could be wrong, but this still looks pretty strong. however i'm not going to test the market. getting out of my profitable long SPY calls here.

qtipped · Post by **qtipped** » Tue Sep 13, 2011 2:34 pm

mac769 wrote:
qtipped wrote:
qtipped wrote:i covered for a little profit...thought we were going to bounce off the MA and shoot for today's highs again. guess i'm wrong and now of course it drops more after i covered.
still a good chance we get to 118.10-118.25 area....looks my cover was a good decision.

overall mkt sentiment is measuring good with europe closing positive. i will short another day and may go long a little.
I agree, this is not the time to short the market, specifically in the last hours of trading...

thanks, i will stay out...maybe short the gap up? or is this shortterm downtrend over?

stockcycle · Post by **stockcycle** » Tue Sep 13, 2011 2:34 pm

Cobra is our expert.
Cobra can you tell us what could happen to the markets tomorrow if we close above 118 today?
Thank you in advance.

Post by **Cobra** » Tue Sep 13, 2011 2:35 pm

stockcycle wrote:Cobra is our expert.
Cobra can you tell us what could happen to the markets tomorrow if we close above 118 today?
Thank you in advance.

no idea yet.

KENA · Post by **KENA** » Tue Sep 13, 2011 2:39 pm

Something for the Bears to watch.Draw a channel line dn from 1236.68 thru today and the S&P is pined to 1175 with out breaking out of channel.If it holds Bear channel still in.

seekingknowledge · Post by **seekingknowledge** » Tue Sep 13, 2011 2:42 pm

jarbo456 wrote:i could be wrong, but this still looks pretty strong. however i'm not going to test the market. getting out of my profitable long SPY calls here.

Ditto. Just sold the TNA at 41.91. Don't want to get too greedy. Made nice profit. Time to relax.

heavenskrow · Post by **heavenskrow** » Tue Sep 13, 2011 2:42 pm

rest of day looks good.. but tomorrow will be very important.

Tabby · Post by **Tabby** » Tue Sep 13, 2011 2:43 pm

heavenskrow wrote:If the Nasdaq 100 breaks above 2227 today, I might need to join the Bulls side.. But only then.

Very close to your number $NDX 2223.88, Any plan in TQQQ? TQQQ is still in green?????????????? Do you mean SQQQ/inverse ETFS?

bushwaffle · Post by **bushwaffle** » Tue Sep 13, 2011 2:44 pm

so indexes green and gold up almost 1%....hmm

edit: and silver up 2.4%....smells...

BullBear52x · Post by **BullBear52x** » Tue Sep 13, 2011 2:45 pm

heavenskrow wrote:rest of day looks good.. but tomorrow will be very important.

I like all of these quotes:

Lets see
Wait and see
tomorrow will tell
one more day
it's getting there

L_T · Post by **L_T** » Tue Sep 13, 2011 2:47 pm

cougar wrote:My stock of the day: Cummins (CMI).
CMI is an excellent but seriously oversold company. Up $5.2 today!
Cramer’s pumping last night “coincides” with bullish comments made today by senior executives of Cummins, in front of 150 WS analysts and selected shareholders…

CMI (Cummins) daily: nested envelopes + harmonic fan:

cougar what are your thoughts on the near term for CMI? I think my previous reply got lost in the shuffle but I grabbed some shares near the low yesterday and I'm very happy with my decision so far. From your comments/chart things look pretty favorable to me.

Post by **Cobra** » Tue Sep 13, 2011 2:49 pm

not a typical 3 push up, but it is.

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09/13/2011 Intraday Watering

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