10/07/2011 Intraday Watering

[Cobra]

Cobra:
Do you think hod will be taken out by eod?

no. most likely a strong downtrend day today, statistically.

[99er]

BKX
Update.
http://99ercharts.blogspot.com/2011/10/bkx_07.html

[Cobra]

good, need break the blue line above to confirm the double bottom.

Cobra,
Do you really want the mkt to go up or you're just playing devil's advocate?

NORMALLY, there's at least one more attempt to make a new high. I mean NORMALLY, doesn't have to be today though.

[Al_Dente]

sorry, racing to catch up
saw cobra jarbo early double bottom call, thanks
will we make a believer out of BullBear24/7 or not?

[Dow Trader]

It may be..Dn to 1140?? lets see.

As long as it is below today's high, target is 1132

[Cobra]

very good. breakout after a little consolidation is always good, making the breakout more trustworthy. tinted area as text book target. we'll see.

[tdo722]

back in SDS at 24.23. Still believe it should up more. Good luck to all.

hahaha, jittery is never a good sign. remain calm, set your stop loss at 1166 and you'll be fine. small loss compare to big gain if we do head down south to 1135 area.

That's 3:1 risk/reward ratio by the way.

[BullBear52x]

BUY BUY BUY

[KENA]

It may be..Dn to 1140?? lets see.

As long as it is below today's high, target is 1132

Thanks I will watch the 1130 area

[Petsamo]

Maybe this is just a buy-the-dip day. Da futures & overseas bears will be out Monday while we're off; by Tuesday's open, we get a gap up and run up all day.

Gee, I hope not.

[Cobra]

Maybe this is just a buy-the-dip day. Da futures & overseas bears will be out Monday while we're off; by Tuesday's open, we get a gap up and run up all day.

Gee, I hope not.

WE OPEN THE NEXT MONDAY. ONLY BOND MARKET CLOSED.

[BullBear52x]

I held on all my shorts stuff, ADD TNA, lets go bulls, Up Up Ole Ole

[lazytrader]

Market action is weird for a NFP...
We still have 3 more green days as per 7 day rule

[BullBear52x]

Sell sell sell, there you go my commission on TNA.

[soku]

feel like a break out then pull back. if es 1152 stands, we may see 1158-1160 area

[heavenskrow]

gay, i come back and see this ugly mess... at least vxx worked out

[BullBear52x]

now you see how fast things are for any day trader to post all his trades today LOD or lower area will really paint a better picture to what to come Monday. Arc support did it's job so far but that will not change anything until new HOD is taken out.

[Petsamo]

Maybe this is just a buy-the-dip day. Da futures & overseas bears will be out Monday while we're off; by Tuesday's open, we get a gap up and run up all day.

Gee, I hope not.

WE OPEN THE NEXT MONDAY. ONLY BOND MARKET CLOSED.

Cool, thanks.
But settlement is Tuesday, instead of Monday.

[Mongoose]

Guys, don't forget to have a look at cu from time to time: up 5% for the week, up yesterday and today. And whoever don't know: equities and cu tend to go hand in hand (been hand in hand for the last 8 years):

cu.png

Uempel -- thats a great correlative chart -- thanks.

based on how you put the chart together, does the price of copper suggest it had "outperformed" equities from 2009? Or put another way, does the correction in 2011 suggest that copper was out of whack relative to equity prices -- to much $ was chasing copper? that would explain all the inflation fears. . .
to me, this suggests there was more of a price correction in commodities, ie copper, and inflation, then a correction in equities. (a "healthy" balance is rising commodities, but not too much at the expense of corporate earnings).

or thats not how you put together the chart?

very very interesting chart. thanks for putting it together and putting up on the board. if you have any comments, please let me know.

[bushwaffle]

weird volume surge?