08/29/2011 Intraday Watering

[quientuves]

Thanks, Uempel. I always follow curious your charts. But i would to learn more about how to biuld them. More exactly, i would like to learn why those lines in those values and no other... Is there some material I can study from? Thanks again!

[tapesense]

SPY 121.21 'a big frigging deal', could bring ~130

[uempel]

Went short now (don't copy, this is high risk!)

[uempel]

Thanks, Uempel. I always follow curious your charts. But i would to learn more about how to biuld them. More exactly, i would like to learn why those lines in those values and no other... Is there some material I can study from? Thanks again!

Google "Gann", but I'm not sure what you'll find. He did it with fixed angles, I prefer angles which are "given" by the market pattern.

[shumushu]

Went short now (don't copy, this is high risk!)

SPX7.png

not taking your trade, but is your signal based on the big red oval?

[cougar]

An alternative:

[Cobra]

Went short now (don't copy, this is high risk!)

SPX7.png

might not be a bad trade.

[jarbo456]

Went short now (don't copy, this is high risk!)

SPX7.png

might not be a bad trade.

what's your stop on this trade?

[jarbo456]

Went short now (don't copy, this is high risk!)

SPX7.png

might not be a bad trade.

what's your stop on this trade?

i guess around 1210?

[Cobra]

Went short now (don't copy, this is high risk!)

SPX7.png

might not be a bad trade.

what's your stop on this trade?

you have to ask Uempel. I never front run.

[KENA]

IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.

[AK84]

IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.

Yup. I agree. Im short CMG , NFLX and GOOG (max pain is 545). all positions entered today.

AAPL is not moving either....which is a red flag to me even though im long and have a target of 397...im thinking of leaving 1 oct call on as a hedge for my shorts!

But I would love to see the maket caught with its PANTSSSSS DOWNNN!!!

[keesa]

The driving force for this rally are financials and small-caps.

IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.

[KENA]

IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.

PS..Forgot GMCR also.

[uempel]

Went short now (don't copy, this is high risk!)

The attachment SPX7.png is no longer available

might not be a bad trade.

what's your stop on this trade?

you have to ask Uempel. I never front run.

SL slightly above the 377 MA, which is at 1212. SPX still in the ellipse:

[BullBear52x]

This juncture is one hell of resistance spot. if market can defy all these resistance, bulls mean business as usual.

[Petsamo]

I never front run.

I don't believe individual traders, or even a group of traders, can influence the markets. The big guys control the markets.

[BullBear52x]

look at trend line and RSI Bulls has no worry for now.

[ddd]

An alternative:

I think that is a higher probable path, and 9/26 (a day before the next Fed decision day) could be the target date of your point 5.

So about two weeks of short covering ahead for now, and followed by a two weeks of next wave of short attach to force Fed's hand (again), is expected.

[BullBear52x]

DT Bears watch VIX >33 before running to the bank. chow time