09/29/2011 Intraday Watering

[jarbo456]

PAGING COUGAR!!!

Can you please put up a chart of SINA with next levels ? Thank U !

Just saw your message! Yes, will do in a few min.!

AK84: SINA looks good if you are short:

would be fantastic if it took out the 70 handle today!

[agnosia]

gap fill here we come. this market is bi-polar.

[jarbo456]

gap fill here we come. this market is bi-polar.

but the question is, do we then rally from the gap fill?

[heavenskrow]

TVIX's gap is already filled =]

[fuddleduddle]

Wow.. we're going to fill the gap..
Wonder if we'll close off with a gravestone doji.

[soku]

as we said, es shd go to 1170 on an upturn. unfortunately, it arrived there w/o me again. it will be ideal if we get around 1175 area then start to drop to 1154. now since it is couple ticks shy to the upside, i will say the low may not be too low then. where is the volatility?

wow, the drop is not what i expected. but i enjoy it.
fi es breaks 1151.5, we will test the support of high 1130s from the day before

[Richarab]

TVIX's gap is already filled =]

cardiac arrhythmia at Trader Vix. well done. keep holdin

[gabor]

silicon_beaver , jarbo thanks for the info.

[rpccharts]

ES day session range estimate is 1138-1168. Yesterday's late weakness makes it likely that Tuesday's 1190 top will hold. I think the ES is now headed below its August low.

Congrats Shorts ES 1050 next

[stockcycle]

I think some aggressive Bulls may get in if 1156 is hold.

[Petsamo]

WOW! I totally did not expect this sell off, from two surprise gap ups!

[waverider]

Maybe we bounce off the close and rip through the high?

[rpccharts]

Happy Rosh Hashanah - New Moon

[agnosia]

gap fill here we come. this market is bi-polar.

but the question is, do we then rally from the gap fill?

on my /es hourly it looked like a bull flag breakout today but that was a bull trap so i would think we are headed lower especially as cobra mentioned qqq's break down. but then again this market is capable of anything

[silicon_beaver]

what's next? p-bar 113.35? someone talked it yesterday close.

[AK84]

BEST F*KIN DAY EVER!!!! made profits on my spy hedge and on ALL SHORTS!!!
SINA BIDU AAPL CRM AMZN
YAYYYYYYYYYYYYYY

[Cobra]

now, paging Cobra,
why market broke down 116.8, where to stop then bounce? wait for his evil plan.

no plan, not break yesterday's low yet.

[rhight]

Thank you for the encouraging comments.

According to Kirkpatrick/Dahlquist, breakouts of flags only fail 10% to 20% of the time. A pullback to the broken flag trend (and above!) constitutes a failure. This is one of those times. A bullish argument can be made on the fact that the Daily and Weekly Stochastics could be making a bull-cross this day/week, in addition to the positive divergence on the NYSI. So, check your bias and cover your ass. I don't have any high probability trades in the picture. A Negative Price Divergence has appeared this morning on the 15 min. RSI(14) that points to 1146, implying that the gap will be closed, If the trend is changing (again) to up, then this NPR will not be confirmed.

[SB73]

Market has gapped up 4 consecutive days this week. Will tomorrow be different? I once read a stat that said gap ups occur 55% to 45% on the down side.

[gabor]

Happy Rosh Hashanah - New Moon

New Moon was on 27 and recently they were at local highs ...