Page 2 of 9

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 9:47 am
by lumeipro
Bottomless. The closing bell is the only hope to stop bleeding. cashed out put contract again and bought some IWM call.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 9:49 am
by 99er
From Zero Hedge:

The NY Fed just asked primary dealers to come downtown today at noon to meet with Fed and Treasury Dept officials. We expect to hear them outline a contingency plan for next week. Details to follow.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 9:49 am
by cougar
hiram wrote:
cougar wrote:NDX 130 min: the image of complacency


why do you say that?

thanks hiram

Because, IMHO, the internals should reflect a DEEP concern on the fate of the NDX …and they don’t…

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 9:54 am
by cougar
VIX target reached...
Out of Sep calls!
Discipline!

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:01 am
by Cobra
strong rebound here then indeed it's the 3 push down, so the current bar is very important. bears don't want to see a strong bull bar.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:01 am
by 99er

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:09 am
by cougar
Cobra wrote:strong rebound here then indeed it's the 3 push down, so the current bar is very important. bears don't want to see a strong bull bar.

Great opinion, Cobra!
Please give us your "rating" for the next bar!

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:10 am
by oldpigwang
Cobra: do you mean we may have a down to 1278 if bull not strong??

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:10 am
by Cobra
cougar wrote:
Cobra wrote:strong rebound here then indeed it's the 3 push down, so the current bar is very important. bears don't want to see a strong bull bar.

Great opinion, Cobra!
Please give us your "rating" for the next bar!


that'll be after 11:00am ET. :mrgreen:

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:11 am
by Cobra
oldpigwang wrote:Cobra: do you mean we may have a down to 1278 if bull not strong??


breakdown below the opening low is the MUST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :twisted:

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:14 am
by lumeipro
cashed out call contracts for small profit. that's it for me today. money will be made again next week regardless the decision. :) not holding overnight. good luck trading everyone.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:16 am
by 99er

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:18 am
by lilitulip


you mean 772, right?

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:23 am
by pablorynx
anyone else see phantom bar down to 128 in SPY?

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:28 am
by Petsamo
pablorynx wrote:anyone else see phantom bar down to 128 in SPY?

I call it a bad tick. I see one, but those bad ticks don't necessarily point in the direction of the next move. Sometimes they mark the bottom or top.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:28 am
by ballatines
pablorynx wrote:anyone else see phantom bar down to 128 in SPY?


i am using IB and see it :shock:
last P-bar is 21/7 and of course met the downside target lately ... :roll: make me scare right now ...

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:29 am
by silkway
pablorynx wrote:anyone else see phantom bar down to 128 in SPY?

on 1 and 3 min chart not 5 min chart. :o

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:30 am
by Petsamo
Come to think of it, it does look like it points to the direction of the next move.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:30 am
by Petsamo
silkway wrote:
pablorynx wrote:anyone else see phantom bar down to 128 in SPY?

on 1 and 3 min chart not 5 min chart. :o

I have it on the 1 min chart.

Re: 07/29/2011 Intraday Watering

PostPosted: Fri Jul 29, 2011 10:31 am
by 99er