10/21/2011 Intraday Watering

[EFA]

Buying SDS here for short term trade.

Hello Sir,

Are you keeping SDS through the week-end?
Thanks for your answer!

[pady]

this is the perfect place to bait some shorts into the weekend. lull them into thinking this is a weak push up and then gap the hell up huge on sunday night... fuel for the fire. there's nothing bearish about this price action..

You are right. Gap fill and 1220s finish will invite bears.

[wayne0708]

c'mon cobra do some bearish magic

[AK84]

Cobra,

Is this MAD ? Bullish monday ?

[cougar]

this is the perfect place to bait some shorts into the weekend. lull them into thinking this is a weak push up and then gap the hell up huge on sunday night... fuel for the fire. there's nothing bearish about this price action..

I partially agree, Agnosia...Nothing bullish either...Flat for me this weekend.

[MrMiyagi]

Buying SDS here for short term trade.

Hello Sir,

Are you keeping SDS through the week-end?
Thanks for your answer!

Not if I can help it! Thankfully, if need be, SDS is not affected by erosion like TZA.

[CMT]

These last two days I've seen just about every formation I've ever studied. I'm exhausted!

[99er]

Do you hear that?
ES http://99ercharts.blogspot.com/2011/10/es_675.html

"Grrrr..."

[Hawk]

volume surge, a little lower low (kind like L2), so hopefully a pullback of some kind here, then we'll see.

Isn't CPCE the key today? It will sure give us a confirmed signal per your last night report.

[waverider]

CORRECTION watch everything for possible big reversal

Dumped TVIX a few minutes ago...

who knows, just can't fight BIG green sqz bars on DIS HD JNJ etc
OH, i know who knows NYADV 2473
as usual, 5min sticks that CLOSE red cancels sqz alert, at this point spy still flirting w vwap

Thanks Al, nyadv stopped falling and that with the big 5min stick on spy made me trigger happy. Oh well still squeezed out a minor gain. The question is, how long can we stay in this sideways cage? I was thinking SPY had a decent chance of breaking out this morning, but it bumped off one of my fans and the upper Raff regresssion line. Raff reg is a great tool for quick auto channel drawing.

Yr “cage” may be opening right now
Just when one sqz fails, another one tries, this one ABOVE vwap
Song just 4 u
http://www.youtube.com/watch?v=0BwOXlGbW6Q

I think your right, wouldn't be surprised to see a breakout eod. Nice song, I like a lot of genres, but this music is too relaxed for me right now lol.

[seekingknowledge]

Will do! Thanks for sharing. One question. It stays overbought or oversold for a long time with the 144,3,3 parameters. Do you wait for hits to the 20 line for going long or are you relying more on a bullish crossover with the signal line? I noticed it didn't quite make it down to the 20 line yesterday around the time that you bought TNA. Close enough perhaps...

I wait for three things:
1) Both the K & D MUST cross OVER the 20, AND
2) the 10MA must have jumped above the 20MA
3) looks like going to jump over high of last base (to make a higher-high). It is safer to wait for price to get ABOVE this high, but I take a chance and get in a few cents under the high ... and then ready to bail real quick if price starts moving down Look at the green line I drew on the chart posted earlier. This is entry. Let me know if you want me to re-post the chart, as I know it can be hard to go back and find.

Not sure why you didn't see stochastics make it down to 20. It actually went under (which is what I like). Check out the print screen again. Hope this helps.

Of course! I see it now. I was trying to recreate on my chart package and looking at SPY instead of TNA. Duh!

Cool! Gee, I never do such a thing as you did! Ha! Actually, do that stuff all the time!

[agnosia]

I partially agree, Agnosia...Nothing bullish either...Flat for me this weekend.

well that's part of the trick, give the appearance of being neutral price action. i am holding one long /cl from 87.15, looks like a mini inverted h&s on the 5min but will close by end of day. i want to be flat into the weekend as well but i believe we're headed higher .... will buy sunday night if confirmed.

[jarbo456]

two things i heard from a guy i know at UBS....just as an FYI and sharing knowledge...

chief tech guy there thinks funds are "barbelling risk" - keeping portfolios 50% high beta names, and 50% defensive
and that he's looking for a "positive outside month for october" - index trades wider than the high and low of the previous month, but ultimately closes at or near the high. this would be a very bullish setup for the coming months. apparently the last "positive outside month" was July of '09.

anyway looks like i may be stuck in some shorts over the weekend.

[Al_Dente]

PAGING WAVERIDER
SECOND squeeze attempt fails….. short covering not convincing here (cougar)
But it is only 3:25ET… and if nyadv stays sticky at >2500 (not my opinon here, data is god) can not rule out another run
Ear candy, redemption, maybe not for u http://www.youtube.com/watch?v=6yXRGdZd ... re=related

[Cobra]

I see 3 push up, so pullback could be a little bit larger this time. it's not wise to guess the reversal, so for fun.

[bushwaffle]

My band: http://www.reverbnation.com/CitizensOfRome

Hope you like!

[Petsamo]

AMD is feeling some late-day love.

[KENA]

COBRA..I got stuck making a comment..How do you delete when you don't want to post.

[simpletrader]

I see 3 push up, so pullback could be a little bit larger this time. it's not wise to guess the reversal, so for fun.

hold on bull.......................

[ddd]

DJ30 is make a final stretch. Will SPX follow?