11/04/2011 Intraday Watering

[Al_Dente]

copper squeeze FCX

[StrikePrice]

ri-fucking-diculous.

bearish flag...breaks to the upside of course. cuz that makes sense.

done for the day.

have a good one fellas.

*&###@@!!! Those are all very bad swear words, just not spelled out. I echo your sentiment 100% jarbo456. Da boys are mean sons of a gun. Note: Replace sons of a gun with very bad words. I am now in the red from what should have been a perfect trade. *&##@@@!

That was a perfect short setup, it just got busted by the buy robots. Ah, you gotta love those bots. Not!!!!!!!!!!! Now we are in whipsawville, fun!!!!!!!!

Come on guys, head fakes happen. Check out Bulkowski's busted chart patterns. Hasn't busted past 50% retrace yet. At least end the Bear case today on a higher high, we've got over 2 hours to go.

[uempel]

ri-fucking-diculous.

bearish flag...breaks to the upside of course. cuz that makes sense.

done for the day.

have a good one fellas.

Jarbo, none of my business, but bears please check:

Breakout at 1200 and 1220 two weeks ago was really important. Big statement. Big. After 1292 SPX went down to 1215 to retest and support held. Then a move up to 1260 and again bears try to check support - only managed to push down to 1237 today - and channel support held.

This kind of action certainly ain't bearish because bears have been repelled twice at important levels.

Don't know about next week, but medium term momentum looks bullish and this is not the time of year to make short term bearish bets...

[1der]

bummer, have to go to a meeting. Looking at ES 1252 and test of ES 1257 region. Strong through 1258 area and the bears are going to be scrambling. Have a great weekend all
Thanks Cobra and all. Reminding me of discipline / no emotional trading. GLTA

[uempel]

ri-fucking-diculous.

bearish flag...breaks to the upside of course. cuz that makes sense.

done for the day.

have a good one fellas.

Jarbo, none of my business, but bears please check:

Breakout at 1200 and 1220 two weeks ago was really important. Big statement. Big. After hitting 1292 SPX went back down to 1215 to retest - and support held. Then a move up to 1260 and again bears try to check support - only managed to push down to 1237 today - and channel support held.

This kind of action certainly ain't bearish because bears have been repelled twice at important levels.

Don't know about next week, but medium term momentum looks bullish and this is not the time of year to make short term bearish bets...

[champix]

If you trade what you see, well you just sell CL (crude oil) when it breaks this bear flag (1 min chart) with target 92.45-92.70 zone.
But I do no know why, I am really not convinced the market is going down... we'll see

Things are turning bullish short term... bear flag is more an ascending channel.
I bought CL @ 94.01, 1st target high of the channel @ 94.60 then fib fan above @ 94.85... stop even (94.01)

[tdo722]

vix is going down the toilet.

[seekingknowledge]

ri-fucking-diculous.

bearish flag...breaks to the upside of course. cuz that makes sense.

done for the day.

have a good one fellas.

*&###@@!!! Those are all very bad swear words, just not spelled out. I echo your sentiment 100% jarbo456. Da boys are mean sons of a gun. Note: Replace sons of a gun with very bad words. I am now in the red from what should have been a perfect trade. *&##@@@!

That was a perfect short setup, it just got busted by the buy robots. Ah, you gotta love those bots. Not!!!!!!!!!!! Now we are in whipsawville, fun!!!!!!!!

Well, it is definitely whipping my butt! There have been sooo many of these B.S. kick your butt back and forth days lately. Trading has not been fun lately, just stressful. Should have stayed in cash.

[jarbo456]

i lied. i didn't go away. i just reversed position and put on 100 contracts of SPY call at 125.15. this gap is getting filled, and then i'm going flat for the weekend.

[stockcycle]

SPX: may be 1253 before any shy?

Oh! no shy at 1253. Bulls are so resilience. You may dream the green today.

[Al_Dente]

bot/program buying
TICK buy beeping like crazy

[trendfollower]

Market update blog/video on SP 500, silver, gold, copper, oil, and dollar.

Link on right sidebar titled: "video/blog post"

http://stk.ly/w0ia7w

[dcurban1]

I am willing to wait for the short trade. Better to do that then force it.

I can see the market trying to force itself back to 1290 but then everyone heads for the door. Either we fall in a few days or a couple of weeks.

Now that Groupon is out of the way Soku's chart paints a picture of where we are headed.

[99er]

SPX

That should do it.

[Cobra]

another volume surge, so should be a little rest here.

[Al_Dente]

copper FCX elevator just reached the penthouse, just closed its first 5min red stick
Aluminum AA still elevator green

[MrMiyagi]

Outright bear rape.

[xfradnex]

JEF up on full disclosure of assets. However insider trading yesterday = 3 Mil shares buy. Today on jump = 3 mil shares buy over 15 mins (could be same thing). Did same thing Sept 22 to stop big drop( 4 mill shares). LUK + board members owns enough to control all of JEF. After up, maybe an opertunity to short. Note that only limited JEF short avail (100 at scott). Should be more shorts available, since shorts should be unwinding on this move up, but not.

[zhyuan04]

another volume surge, so should be a little rest here.

Hi Cobra. What is your feeling now? Do you think we will fill the gap or have another leg down?

[Cobra]

MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

that's 15 min chart MA200, not daily chart. It's simple moving average.