10/07/2011 Intraday Watering

[jarbo456]

RUT
Caution Bears.
http://99ercharts.blogspot.com/2011/10/rut_07.html

Da Bulls.

guess the best we can hope for is a bullish head fake...i'm all about getting to 720+ on RUT, but let's hold off for a couple of days.

[stockcycle]

Any one who is considering to short? I am undecided!

I am a bear now.

OK. Let go aboard enter TZA @44.51

does it count if we're already short, and added to it this morning?

i want to see 114!!!!!!

U r pioneer. U should be counted.
Any one else?

[Michelle]

The fifty day is at 1178.07, and there is a resistance level at 1180.35. We're this close, why not go on up and touch it?

[Tabby]

RUT
Caution Bears.
http://99ercharts.blogspot.com/2011/10/rut_07.html

Da Bulls.

Your New nickname, Knight ACE. You aced again. Macd missing. Your SPX yesterday had very clear MACD positive div.I did not go short. Now I am lost with some of gld, silv chart. RUT hit the top.Surfing down for few points.

[BullBear52x]

TZA close to my buy

[janez]

Im going to take a risk today and not take my profits right now
...
p and reversed my trade after a retest of the high)

Nice. I got TLT puts too. was thinking whether to sell it.

keep, keep, i have a feeling u will make more $ than me....
teach me options now!!!

Thanks. Unfortunately, I am still on the receiving end... looking for the way. I will be more than happy to give once I am qualified to... hopefully, not too long from now. Right at this moment, I am afraid that I will mostly make people lose money.

I mostly use ITM front month or 1 or 2 month forward options. Occasionally OTM options if I do not care throw the whole thing away.

Good luck to us all. I enjoyed reading your posts. Awesome insights!

[Al_Dente]

Any one who is considering to short? I am undecided!

I am a bear now.

OK. Let go aboard enter TZA @44.51

Not buying any short etf just yet, TZA I will wait for it to cross back over 200ma 1min., good luck

Bear, bear, bear
Just post your heiniken hibachi, or yr growly bear pix…… already……
I am FEELING a bit lightheaded toppy here too
Oooooooo looky there declining issues fighting back (but both adv/dec weak toast 1300/1400, EITHER could win this horse race)

[bushwaffle]

Any one who is considering to short? I am undecided!

I am a bear now.

OK. Let go aboard enter TZA @44.51

does it count if we're already short, and added to it this morning?

i want to see 114!!!!!!

U r pioneer. U should be counted.
Any one else?

trapped short, also need 114

[stockcycle]

The fifty day is at 1178.07, and there is a resistance level at 1180.35. We're this close, why not go on up and touch it?

Bulls want to go home with cash on hand for weekend. Bulls may reload by Monday with discounted prices.

[agnosia]

triangle consolidation on /es and /cl 5min.. which way is it gonna break ??

[waverider]

On jobs numbers....WH got what it wanted. Not negative so Mr Market ok...but not good either before vote next week on extending unemployment benefits

The expectation was deliberately placed at a low number to make it appear decent. The jobs numbers certainly aren't indicative of an expanding economy, not even close.

[Mr. BachNut]

Still short. Stops in range if another up day like yesterday. Gulp.
Looks like another up day would send McClellan Oscillator to overbought.
I think bulls should hope for a down day today (huh?!?). I think it would be constructive to set up for another leg up rather than push to extremes.
The big gorillas will pay attention to Tom DeMark's view (i.e. 4 strong updays in a row suggests short covering frenzy and low may not be in). I imagine they are patiently on the sidelines at the moment watching the action.
My intermediate term mechanical model is still on sell and doesn't look ready to turn, in spite of the price action. Maybe next week.
If I don't get stopped out, I'll be looking to close short and go neutral on a downdraft. All the churning signals are hindering clarity.

mister bach
please re-post demark link from yesterday; sorry i lost it

http://www.distressedvolatility.com/201 ... ly-13.html

[billow]

Yeah, possible.
At least we are still in the 60 mins up channel.
the drop is expected because it touched up bound a while ago

The fifty day is at 1178.07, and there is a resistance level at 1180.35. We're this close, why not go on up and touch it?

[agnosia]

triangle consolidation on /es and /cl 5min.. which way is it gonna break ??

now head with right shoulder - target on /es 1146

[BullBear52x]

Any one who is considering to short? I am undecided!

I am a bear now.

OK. Let go aboard enter TZA @44.51

Not buying any short etf just yet, TZA I will wait for it to cross back over 200ma 1min., good luck

Bear, bear, bear
Just post your heiniken hibachi, or yr growly bear pix…… already……
I am FEELING a bit lightheaded toppy here too
Oooooooo looky there declining issues fighting back (but both adv/dec weak toast 1300/1400, EITHER could win this horse race)

I will get to post dancing bear picture soon, got to be patience Euro bank is going to the tank, Oh here is your Heineken LOL

[KENA]

Retail still up..UTIL still up I cannot go against these two for now.Lets see if they will turn the mkt stronger..If not I my go with BB52x.Wait and see.

[PhilM]

Retail still up..UTIL still up I cannot go against these two for now.Lets see if they will turn the mkt stronger..If not I my go with BB52x.Wait and see.

SPY is at Cobra's last green line.

[BullBear52x]

Neg D at major resistance

[BullBear52x]

Heikin Ashi is seen on SPY hourly now bears need to hold here if not lower for an hour at least.

[h2oskier]

Hi guys. Great board!

BullBear52x, why do you trade TZA versus TVIX?