08/09/2011 Intraday Watering

[Sqwii]

Chart of target topping HS pattern dow jones 10.800

[silicon_beaver]

pullback quick.

[pablorynx]

Markets like to overshoot targets.

[soku]

measured rebound target 1147.5-1148.5
there is a remote chance which i cannot rule out, es hit 1161-1163 area

this is a successful call. make a target to cover at 1129.75 with trailing stop of 2.0

add: well me out at 1136.25 right after i put in the above post.

add2: this place is too quiet. i think i can keep on adding things. the trend is still down. the overbought need to be corrected.

add3: notes on gold. yesterday gs recommend sell. today rumor saying europe central banks are going to sell reserve to finance deficit. gold got a 60 point blood bath today.

[BullBear52x]

If you are bull at heart and nothing to buy, here a little green shoot for you, I am very bless with UNG, here is another buy opportunity.

[uempel]

There is NO one looking at the dow jones which pattern targeted 10.800 which is reached PERFECTLY..... bottom for now is 10.800... is this a short term bottom ? I think good chances....

http://3.bp.blogspot.com/-aU6sUWQvz2s/T ... 00/2-5.jpg

Here is chart.

As far as I remember your target was reached last night by futures - SPX futures went down to about 1060.

[BullBear52x]

On SPY, 115.50 what I want bulls to break out of.

[soku]

if you have to buy something, or like 401k/ira accounts u need to park your money, try some xle or energy-like things.
t-bond is no safe heaven no more. if u have to buy bond for portfolio mandate, try short-term bond or money market type.

[aimei]

Should I sell ZSL?
@-@

[KENA]

if you have to buy something, or like 401k/ira accounts u need to park your money, try some xle or energy-like things.
t-bond is no safe heaven no more. if u have to buy bond for portfolio mandate, try short-term bond or money market type.

Hey Soku what are you doing here,I thought you were on vacation.

[Cobra]

if bulls can manage the 3rd touch on the resistance above, then chances are it'll be broken, so bulls need a little more push up here.

[BullBear52x]

Today is very positive day over all, new HOD will confirm short term bullishness, sell the rally still on, but nice to see the free fall to end.

[silicon_beaver]

if bulls can manage the 3rd touch on the resistance above, then chances are it'll be broken, so bulls need a little more push up here.

but I almost lost patience.

[shumushu]

if bulls can manage the 3rd touch on the resistance above, then chances are it'll be broken, so bulls need a little more push up here.

but I almost lost patience.

that is when the market moves ahaha.

[soku]

if you have to buy something, or like 401k/ira accounts u need to park your money, try some xle or energy-like things.
t-bond is no safe heaven no more. if u have to buy bond for portfolio mandate, try short-term bond or money market type.

Hey Soku what are you doing here,I thought you were on vacation.

yes i am. sitting on beach, doing a little bit bird watching. if there is no "bird", i have to check the market from time to time.
i bot some of yr chicken wings. hope for something spicy hot

[uempel]

[/quote]

May I ask how do u know where to put these orders? IE: what price? I dont' trade this kind of stuff but I am very interested in hearing you out.[/quote]

Shumushu, you've got to look at channels, MAs (linear and log), past support and resistances on the daily, weekly, monthly. And don't forget the Fibs. You've got to find your own technique. On SPX I'm now looking at 1150/55, 1170/75 and even the daily 377 MA which is now at 1209. The drop to SPX 1119 was crazy, the bounce might be similar...

[KENA]

With advances like we are having I would like to see UTIL up more,seems it is laging.

[BullBear52x]

Fib extensions is still looking at 106ish

[AK84]

Cobra,

When to start adding shorts? Average into shorts over the next few days ? or wait for more bull up and then short?

not trying to time it so wondering when to begin loading up the Ammo !!

[KENA]

My three NFLX,VMW,BWLD are doing good this morn.Soda is also doing very good but I did not buy.NFLX is lagging.If you have any these watch them the up move may not last to long.I do not uaually post when I sell.One thing about these three they have to move and get back in an up channel again Wait and see.
PS UTIL is now green.

To add to my comment this morning.NFLX is no longer laging.Now up big.