09/30/2011 Intraday Watering

Post by **Cobra** » Fri Sep 30, 2011 9:02 am

Gap down (well, finally, I thought this market never gaps down ever), but within yesterday's range so there're chances the gap gets filled. The global ES doesn't look good though, could be a Descending Triangle in the forming and since this is the 3rd test, so chances are it'd breakdown.

jaijailyc · Post by **jaijailyc** » Fri Sep 30, 2011 9:06 am

if it breaks down, it goes perfect with my "evil plan" haha

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 9:09 am

Morning boss, hope u r feeling better today

Aug personal income -0.1% (bear)
Personal spending +0.2% (at estimate)
Is today last day for window dressing? (I forget settlement etc)

IMF readying to issue bonds… sharks smell bailout?
Dow jones newswire excerpts on IMF at
http://www.zerohedge.com/news/imf-scram ... ue-bonds-0

Is this why germany so strong this week? because of German EFSF vote?
Compare EWG and $DAX to SPY this week
Oooops, germ not too strong today

99er · Post by **99er** » Fri Sep 30, 2011 9:10 am

Good Morning.

So honey...it's the weekend. What should we do today?
ES http://99ercharts.blogspot.com/2011/09/es_30.html

Hit the beach?

TGIF.

BullTart · Post by **BullTart** » Fri Sep 30, 2011 9:11 am

Watching the descending channel... yesterday's detonation at the end was quite a show. Luckily, I was sitting on enough profit-padding that I didn't enter some sort of panic and do something foolish.

Still all-in with TVIX- let's see what Mrs. Market shows us today!

99er · Post by **99er** » Fri Sep 30, 2011 9:14 am

The beach?
EURUSD http://99ercharts.blogspot.com/2011/09/eurusd_30.html

Yeah. Surf's up.

laoguo · Post by **laoguo** » Fri Sep 30, 2011 9:14 am

jaijailyc wrote:if it breaks down, it goes perfect with my "evil plan" haha

what is your evil plan?

Richarab · Post by **Richarab** » Fri Sep 30, 2011 9:15 am

good morning all

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 9:19 am

BullTart wrote:Watching the descending channel... yesterday's detonation at the end was quite a show. Luckily, I was sitting on enough profit-padding that I didn't enter some sort of panic and do something foolish.

Still all-in with TVIX- let's see what Mrs. Market shows us today!

Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up

PLUNGE · Post by **PLUNGE** » Fri Sep 30, 2011 9:19 am

99er wrote:Good Morning.

So honey...it's the weekend. What should we do today?
ES http://99ercharts.blogspot.com/2011/09/es_30.html

Hit the beach?

TGIF.

I love your charts and comments! Do you have a number for a RUT target low based on your work?

TIA.

Petsamo · Post by **Petsamo** » Fri Sep 30, 2011 9:21 am

The German DAX is very close to a gap fill.

If we sell off in the first two hours, it'll be to assist the DAX fill its gap before the move up. To monitor the DAX in real time, here's livecharts.co.uk.

jaijailyc · Post by **jaijailyc** » Fri Sep 30, 2011 9:22 am

I have been commenting in the daily blogs.
From Wednesday: "I see some green tomorrow or friday, but I believe the market will be significantly lower (1100 area) by next week."

Of course this is not written in stone but as of today I have not changed my mind yet. However, I am a "very" short term trader so, basically using that I would short the bounces and take profits whenever. I added to SPXU after market yesterday and just sold that portion premarket now. Still holding to the shares I bought at yesterdays gap up though.

cougar · Post by **cougar** » Fri Sep 30, 2011 9:23 am

GM Cobra! Nice commentary! Impatiently waiting for your "weekend report witness"!

BullTart · Post by **BullTart** » Fri Sep 30, 2011 9:24 am

Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up

Ok AlDente, let me know if your dog still growls!

cougar · Post by **cougar** » Fri Sep 30, 2011 9:25 am

AMZN 30 min update:

newbie_77 · Post by **newbie_77** » Fri Sep 30, 2011 9:27 am

cougar,
is it time to short amzn?

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 9:28 am

BullTart wrote:
Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up
Ok AlDente, let me know if your dog still growls!

i love black swan
my dog "Puts" head twisted, not sure yet what he thinks
THANK YOU

jaijailyc · Post by **jaijailyc** » Fri Sep 30, 2011 9:28 am

BullTart wrote:
Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up
Ok AlDente, let me know if your dog still growls!

I have to agree, this avatar is a lot better haha. The previous avatar was a disturbance.

99er · Post by **99er** » Fri Sep 30, 2011 9:28 am

Updates

Copper http://99ercharts.blogspot.com/2011/09/copper_30.html
Crude http://99ercharts.blogspot.com/2011/09/crude_30.html
30-Year http://99ercharts.blogspot.com/2011/09/30y_30.html

cougar · Post by **cougar** » Fri Sep 30, 2011 9:29 am

AMZN, 60 min, with nested envelopes and MM.
2 interesting things:
1. Same strong support for both charts = 210
2. In spite of the down trend, Money Flow and Vol. Avg. are quite optimistic

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09/30/2011 Intraday Watering

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