Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:03 pm
bounce from support. nothing to say, let's watch.
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02/08/2012 Intraday Watering
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Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:03 pm
SPX: The ED is still valid
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:04 pm
IWM leading the way down
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:05 pm
when can this happen? 4 point range is so damn boring. even my noise trading bot cannot get anythingBullBear52x wrote:SPY 134.64 is what I am eyeingsoku wrote:es need to drop below 1343-44 to be tradable
not sure why it is dropping. could be s&p talking about US rating
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:05 pm
There is a cycle turn date on Feb 10th, which usually indicates a 4% or more correction. Of course, we won't go straight down...EvilTrader wrote:Late buyers always end up in tears...BullTart wrote:Today, the morning dip buyers will get burned, and so shall start what will at least be a short term pullback.
Here is one of my 'looks'...
TVIX leading the way, TZA trailing.
AGQ leading the way down, SPY trailing. AGQ = hot money, so SPY should follow suit.
Expect a temp rebound here driven by hapless dip buyers, then a reverse and a short term panic exit to the doors by sketchy bull late comers.
Now is time to be short or in cash.
Im a beliver in a greater correction...about 4% to reset the shit.
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:05 pm
Always leave too soon. Need to work on that. Good luck everyone.quatzl wrote:Finally a scalp on the short side that went according to plan. On 5 min, IWM hit previous high, came down, and paused at recent triple top. ROI 13%
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:06 pm
the right shoulder is too high, so the max it's double top now.knurbs wrote:Cobra- Is it possible we're forming a right shoulder on the daily SPY?
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:06 pm
HFT activity.
No one should have to question that sell signals just hit. The only thing that causes moves like this are machines.
Plus, that is a beautiful a-b-c correction up before they smacked it.
No one should have to question that sell signals just hit. The only thing that causes moves like this are machines.
Plus, that is a beautiful a-b-c correction up before they smacked it.
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:09 pm
Took a gamble at going lower today. Saw europe falling and got in on the 5min chart.. now there big candle lower...
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:09 pm
BB, putting DBV on elders system is an excellent idea, indeud!BullBear52x wrote:I will keep shorting and be nimble until bears can take out 133 (SPY) if not a good swing set up will have to wait.jimme wrote:BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
An event like this usually marks a market top.
TVIX is ripping, I'm back in the money
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:13 pm
Swing trades work in trending markets. I think we just stopped trending an hour ago. My plan is short 1360 and buy 1300. Right now there will be some violent swings to figure out where 1360 really is. I have a very high respect for everyone on this board because you form my opinion. Carry on and GLTA. jimme
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:13 pm
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:15 pm
FWIW, I sold out of SONC this morning. Broke the trendline and not acting well relative to market. Will monitor and might get back in. Need to thank Cougar for +10.5% in that one!BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:18 pm
risk off mode on !
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:18 pm
Is the top in in short term ?
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:19 pm
got out of my YUM calls this morning also. the more risk sensitive stocks seemed to have been leading this down...i also got out of my CMG calls. i wanted to hold both for a bit longer, but as some wise-guy said, "no one ever went broke booking a profit".ClarkW wrote:FWIW, I sold out of SONC this morning. Broke the trendline and not acting well relative to market. Will monitor and might get back in. Need to thank Cougar for +10.5% in that one!BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:20 pm
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:20 pm
I guess it is a sell the news kind of day...Europe news?? Have we heard it yet? Or did we just meet time and price objectives...Cobra wrote:I don't see sell yet. What's the news?TraderGirl wrote:Cobra, looks like we will sell the news today, what do you think??Cobra wrote:the open.
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:22 pm
Yes, kudo to Cougar on this one, my reading is 12.13% not bad. UNG is looking attractive too, trade back under 5dma but not a bad basing. watching this one everyday too.ClarkW wrote:FWIW, I sold out of SONC this morning. Broke the trendline and not acting well relative to market. Will monitor and might get back in. Need to thank Cougar for +10.5% in that one!BullBear52x wrote:SONC fans http://bullbear52x.blogspot.com/
Re: 02/08/2012 Intraday Watering
Posted: Wed Feb 08, 2012 12:23 pm
it's happening!!!
trying to def 1340 area which was the peak before the break out. i don't think it can hold. a better support is at 1330 area. (all points in es)
trying to def 1340 area which was the peak before the break out. i don't think it can hold. a better support is at 1330 area. (all points in es)