12/05/2011 Intraday Watering

[pady]

Funny - when europe opened for trading, the Indian markets were already open and they track the euro closely ( due to all the turmoil ). I shorted the Indian markets based on the attached image below ( but without the followup bars ) but the euro kept going up and my SL hit. Oh well, atleast it is tracking now...

[heavenskrow]

why are all you chartists always looking for reason/rumor??? We were at daily resistance. Are there no true technical analysts here?
Livermore and Paul Tudor Jones:
"All of those very serious economic issues should be largely irreverent to a great operator. Yes, they are interesting to debate, important to know, but always secondary to the tale the tape tells us on a continual basis."

[Me XMan]

Lucky I've got my shorts to hedge...

Gonna go clown long $127.05

[jynmax]

remember my chart on the open bell?

[Me XMan]

I would say $125.5 is the target for low today...

What? something is falling on me? relax man.

[Al_Dente]

Oy Dr. Al would say

Oy is right:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Battle of the dueling internals: http://www.youtube.com/watch?v=1tqxzWdKKu8

[jarbo456]

this strong sell-off should continue even on a small bounce, correct Cobra?

[BullBear52x]

Oy Dr. Al would say

Oy is right:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Battle of the dueling internals: http://www.youtube.com/watch?v=1tqxzWdKKu8

Are you gonna pull the pos D on us?

[TWT]

SPX: Follow up of the ED idea

[heavenskrow]

TLT breaks out, but in the big boy game ...ZB has not broken out yet

[TWT]

EUR: A potential s/t count

[fehro]

Mid 1240's? ... a little messy chart... but was that a bull fake, or just an overshoot...

[L_T]

Love that.

What? something is falling on me? relax man.

[Cobra]

this at least should be a 2 legged down, i.e. the very first rebound would fail.

[jarbo456]

this at least should be a 2 legged down, i.e. the very first rebound would fail.

well, i think we'll see if the bears have the strength this time. as we ALL know, for months now, anything that SHOULD be two legged for bears has often failed. i will not be adding to my spy shorts...that should ensure at least another leg.

[quientuves]

this at least should be a 2 legged down, i.e. the very first rebound would fail.

well, i think we'll see if the bears have the strength this time. as we ALL know, for months now, anything that SHOULD be two legged for bears has often failed. i will not be adding to my spy shorts...that should ensure at least another leg.

Yeah! That's what mama told me when she knew my last girlfriend...

[cougar]

The time cycles of VIX might be interesting in view of the events today…
Update of a chart first posted with commentaries on Sunday:

[heavenskrow]

this at least should be a 2 legged down, i.e. the very first rebound would fail.

well, i think we'll see if the bears have the strength this time. as we ALL know, for months now, anything that SHOULD be two legged for bears has often failed. i will not be adding to my spy shorts...that should ensure at least another leg.

you owe me on CL

[Cobra]

this at least should be a 2 legged down, i.e. the very first rebound would fail.

well, i think we'll see if the bears have the strength this time. as we ALL know, for months now, anything that SHOULD be two legged for bears has often failed. i will not be adding to my spy shorts...that should ensure at least another leg.

I think we'll see the 2nd leg because I covered all my short (automatically filled short when my long got stopped out while I was having the lunch, the stop loss was a double stop loss, i.e. automatic short when the long stop loss hit). I tend to cover way way way way too early.

[Buckethead]

I have shorted now because people doubt the 2 leg

this at least should be a 2 legged down, i.e. the very first rebound would fail.

well, i think we'll see if the bears have the strength this time. as we ALL know, for months now, anything that SHOULD be two legged for bears has often failed. i will not be adding to my spy shorts...that should ensure at least another leg.