10/05/2011 Intraday Watering

Dow Trader · Post by **Dow Trader** » Wed Oct 05, 2011 3:00 pm

JustTrading wrote:Cobra,

Do you think the ECB will cut rates tomorrow? If so, do you expect that to be market positive for both US and International markets in general?

by tradional meaning, cut rates means EURO down but who knows nowadys what they will do with theses interventions

AK84 · Post by **AK84** » Wed Oct 05, 2011 3:01 pm

time hedge overnight longs folks . nimble!!
holding long and short now
work too hard for my profits to be stupid and greedy ! i expect more up but ill gladly hedge

silicon_beaver · Post by **silicon_beaver** » Wed Oct 05, 2011 3:02 pm

ticking, ticking, ... last hour coming.

BullBear52x · Post by **BullBear52x** » Wed Oct 05, 2011 3:04 pm

Hedge your position shorts or longs if you have to have one in time like today. Hope is not a strategy.

Petsamo · Post by **Petsamo** » Wed Oct 05, 2011 3:04 pm

Unless we dump big before the close, I'm expecting a gap up tomorrow. Last night, Japan & India sold off. Because the Hang Seng was closed, I didn't think we'd finish strong, so I sold some longs prematurely.

RSX (Russia) is relatively very oversold, so I think I'll buy some before the close.

KENA · Post by **KENA** » Wed Oct 05, 2011 3:05 pm

Is it to soon to say another tripple top????

Petsamo · Post by **Petsamo** » Wed Oct 05, 2011 3:05 pm

BullBear52x wrote:Hedge your position shorts or longs if you have to have one in time like today. Hope is not a strategy.

On a screw up, hope is all you have.

BullBear52x · Post by **BullBear52x** » Wed Oct 05, 2011 3:05 pm

KENA wrote:Is it to soon to say another tripple top????

it's mess,I am leaning bearish if it mean anything.

BullBear52x · Post by **BullBear52x** » Wed Oct 05, 2011 3:06 pm

Petsamo wrote:
BullBear52x wrote:Hedge your position shorts or longs if you have to have one in time like today. Hope is not a strategy.
On a screw up, hope is all you have.

funny, like that.

Rezito · Post by **Rezito** » Wed Oct 05, 2011 3:07 pm

Cobra wrote:
JustTrading wrote:Cobra,

Do you think the ECB will cut rates tomorrow? If so, do you expect that to be market positive for both US and International markets in general?
no idea. I don't read news (at least pretend to ignore them).

Cut rate is to encourage to borrow more. but the problem is debt. in order to solve debt problem, you have to borrow more. I don't understand the logic behind it, by the way. I'm not saying they should not cut rate. I just say our nowadays life is what we borrowed from the future, got to be a pay time one day. Just hopefully not our current generation.

I don't think they will. Their most recent inflation data was around 3% and that's just way too high for their appetite. They like keep their inflation around 2% so I'd be surprised if they reduce rates now. Either way I don't think it will impact the market either way.

jarbo456 · Post by **jarbo456** » Wed Oct 05, 2011 3:07 pm

note from my buddy on the GS bond desk:

"The belly of the curve sold off 20 bps…..HUGE move….haven’t seenthat kind of a selloff since 08…..part of this is a glut of new supply coming to the market, but it’s also…..
Risk ON."

think we have another end of day run up...doesn't take much to get people to buy this market.

Mongoose · Post by **Mongoose** » Wed Oct 05, 2011 3:08 pm

Cobra wrote:
JustTrading wrote:Cobra,

Do you think the ECB will cut rates tomorrow? If so, do you expect that to be market positive for both US and International markets in general?
no idea. I don't read news (at least pretend to ignore them).

Cut rate is to encourage to borrow more. but the problem is debt. in order to solve debt problem, you have to borrow more. I don't understand the logic behind it, by the way. I'm not saying they should not cut rate. I just say our nowadays life is what we borrowed from the future, got to be a pay time one day. Just hopefully not our current generation.

"We cant solve problems by using the same kind of thinking we used when we created them." Albert Einstein

(good advice for trading, too.)

cougar · Post by **cougar** » Wed Oct 05, 2011 3:09 pm

99er: remember Volpinacci? he asked me to tell you that he has a "break-line" - what we humans usually call "line in the sand": SPY = 114, which this so-called rally was unable to break..

KENA · Post by **KENA** » Wed Oct 05, 2011 3:09 pm

BullBear52x wrote:
KENA wrote:Is it to soon to say another tripple top????
it's mess,I am leaning bearish if it mean anything.

Your not alone..Sold my SPY calls And added to my Spy short..Now lets wait and see.( I have my horns off for a day or two)

AK84 · Post by **AK84** » Wed Oct 05, 2011 3:11 pm

Cobra,

In last nights report u said if big up today then tomorrow all will be erased.....still true ? or still up tom ? im thinking more up ....but kinda to put in a bear flag / wedge type pattern

BullBear52x · Post by **BullBear52x** » Wed Oct 05, 2011 3:12 pm

KENA wrote:
BullBear52x wrote:
KENA wrote:Is it to soon to say another tripple top????
it's mess,I am leaning bearish if it mean anything.
Your not alone..Sold my SPY calls And added to my Spy short..Now lets wait and see.( I have my horns off for a day or two)

remember my uncle? a mad man not crazy.

billow · Post by **billow** » Wed Oct 05, 2011 3:12 pm

A range day

iwm can be read as a down channel if start from 10am,
or an up channel is use whole day
hehe

others are just an up channel

ddd · Post by **ddd** » Wed Oct 05, 2011 3:12 pm

silicon_beaver wrote:ticking, ticking, ... last hour coming.

Lately, it's the last 15 min that counts.

CognitiveDissonance · Post by **CognitiveDissonance** » Wed Oct 05, 2011 3:13 pm

BullBear52x wrote:Hedge your position shorts or longs if you have to have one in time like today. Hope is not a strategy.

For a newb like me, how would you hedge a long TNA position?

chickencoop · Post by **chickencoop** » Wed Oct 05, 2011 3:14 pm

CognitiveDissonance wrote:
BullBear52x wrote:Hedge your position shorts or longs if you have to have one in time like today. Hope is not a strategy.
For a newb like me, how would you hedge a long TNA position?

sell IWM calls?

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10/05/2011 Intraday Watering

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