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07/29/2011 Intraday Watering

Re: 07/29/2011 Intraday Watering

Postby oldpigwang » Fri Jul 29, 2011 12:54 pm

Thanks. And CNBC now: Cash is King.
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Re: 07/29/2011 Intraday Watering

Postby rpccharts » Fri Jul 29, 2011 12:57 pm

See SPX breaking it's 200-day M.A., causing a washout into 8/2 as SPX finds support at June lows. Bullish rally to follow.

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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 12:57 pm

whether this is a small double bottom, we'll know soon. kind of key time here.
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Re: 07/29/2011 Intraday Watering

Postby CoolMax » Fri Jul 29, 2011 1:02 pm

I suddenly remember the 700B event back 2008 at similar level. which I learnt big lesson at that time.

My strategy would be build Long with short term OTM PUT to hedge.

Good luck to everyone!
Last edited by CoolMax on Fri Jul 29, 2011 1:05 pm, edited 2 times in total.
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Re: 07/29/2011 Intraday Watering

Postby starix » Fri Jul 29, 2011 1:04 pm

CoolMax wrote:I suddenly remember the 700B event. which I learnt big lesson at that time.

My strategy would be build Long with short term OTM PUT to hedge.


Glad to see you on board here and thanks for the sharing. CM
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Re: 07/29/2011 Intraday Watering

Postby rpccharts » Fri Jul 29, 2011 1:06 pm

SILVER SEASONALLY HITS A BRICK WALL IN AUGUST

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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 1:07 pm

no double bottom, continue to slide down, so no comment, not sure what the market is doing. the bigger picture, as I said a moment ago, retest the morning low is very likely not necessarily today and not necessarily lower low though. So whether this is to retest the morning low, we'll have to wait and see.
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Re: 07/29/2011 Intraday Watering

Postby CoolMax » Fri Jul 29, 2011 1:10 pm

For Mid/long term, if you look at the chart from May this year.
I saw LHs and HLs, so trend is not clear. but as long as SMA200 holds on daily chart, I believe Bulls have upper hands.

CM.
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 1:11 pm

bouncing from OR high support and Fib 50, not bad, let's see the current bar, any follow through?
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Re: 07/29/2011 Intraday Watering

Postby rpccharts » Fri Jul 29, 2011 1:14 pm

X CLASS SOLAR FLARES: Sunspot 1260 has developed a delta-class magnetic field that harbors energy for powerful X-class solar flares. Such an eruption today would be Earth-directed as the sunspot turns to face our planet. X CLASS FLARES can Cause MARKET CRASHES per THE FED.

http://spaceweather.com

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Sunspot 1260 is leading a parade of big sunspots across the solar disk--one of the finest displays of solar activity in years. Even the smallest dark cores in these sunspot groups are as wide as planets, and they are crackling with C-class flares. Readers with solar telescopes are encouraged to monitor developments.


:twisted: :twisted: :twisted:
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 1:15 pm

sorry, not at OR high yet, just Fib 50.
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Re: 07/29/2011 Intraday Watering

Postby feibingjia » Fri Jul 29, 2011 1:17 pm

CoolMax wrote:I suddenly remember the 700B event back 2008 at similar level. which I learnt big lesson at that time.

My strategy would be build Long with short term OTM PUT to hedge.

Good luck to everyone!


CM lao da hao! Can you please tell me which month of 2008? So i can go to check it from the chart...Thanks!!
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Re: 07/29/2011 Intraday Watering

Postby silicon_beaver » Fri Jul 29, 2011 1:26 pm

feibingjia wrote:
CoolMax wrote:I suddenly remember the 700B event back 2008 at similar level. which I learnt big lesson at that time.

My strategy would be build Long with short term OTM PUT to hedge.

Good luck to everyone!


CM lao da hao! Can you please tell me which month of 2008? So i can go to check it from the chart...Thanks!!


should be Oct. 2008?
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Re: 07/29/2011 Intraday Watering

Postby hiram » Fri Jul 29, 2011 1:42 pm

i cant help but think there will be strong selling into the bell who will want to hold over the weekend? clear trend of selling into last hr over last couple weeks, i remember when that was the opposite.

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Re: 07/29/2011 Intraday Watering

Postby Traderwill33 » Fri Jul 29, 2011 1:45 pm

I can not imagine many wanting to be short into the weekend. I would guess anyone that wants to liquidate longs has done so..... at this point it seems to be traders betting back and forth. Could be a huge short covering rally into the close.
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Re: 07/29/2011 Intraday Watering

Postby RocsInvestmentAcct » Fri Jul 29, 2011 1:54 pm

All nine market sectors are lower except for financials (symbol: XLF) which is unchanged.

http://rocsinvestmentaccount.webs.com/
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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 2:01 pm

RocsInvestmentAcct wrote:All nine market sectors are lower except for financials (symbol: XLF) which is unchanged.

http://rocsinvestmentaccount.webs.com/


Please don't do this again. If everyone's purpose here are to ad their blog or web sites, then I have to make this forum private. Thanks.

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Re: 07/29/2011 Intraday Watering

Postby Cobra » Fri Jul 29, 2011 2:03 pm

finally the attempt to test the high. the strength will tell us whether the low was in. Let's wait and see.
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Re: 07/29/2011 Intraday Watering

Postby lilitulip » Fri Jul 29, 2011 2:09 pm

Hello Cobra, XLI broke below June low and MA 200, is this meaningful indicator? thank you
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Re: 07/29/2011 Intraday Watering

Postby BullBear52x » Fri Jul 29, 2011 2:09 pm

My line in the sand, Bull need new HOD, or Monday will not be pretty.
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