11/01/2011 Intraday Watering

[Cobra]

good bull bar, someone is defending the morning low. needs a follow through the next bar to kick off the rebound.

Cobra: you were right about bounce is opportunity for selling. So, if trend head lower can you let us know target for L2?
thanks

no target, just move your stop loss.

[pady]

I will buy me this toy after today's session.

With batteries and the girl included !!!

LOL

[Cobra]

hmm, good H2 long, again, it's important you know the setup, expectation and tradings are totally different. I could expect to rebound much earlier but if you wait for the signal to confirm,then you won't lose anything.

[Richarab]

I have left Trader Vix
after averaging down to 43 (requiring far too much risk)
sold at 60
may revisit later...but with less risk on

[Cobra]

resistance at 122.60, let's see if bulls can go that far.

[BullBear52x]

Not a wave guys, SSO here.

[newbie_77]

bullbear,
you are going long?

[tdo722]

I am officially confused with this market. I don't know if I should go long or go short.

[BullBear52x]

bullbear,
you are going long?

No,

[jarbo456]

bears look like they were able to nip that rebound in the bud with a bearish reversal bar on the 5 minute. i'm STILL waiting for a SPY LOD. i have a strong belief we'll make it.

[buyorsell]

I am officially confused with this market. I don't know if I should go long or go short.

Me too. I just sold SPY put options to buy IWM put options.

[ultramarine]

I am officially confused with this market. I don't know if I should go long or go short.

It depends on your time frame I guess. But we are in the Twilight Zone here a bit, it's true.

If these lows hold, then there could be enough upside available (gap fill?) for a very short term long position.

[Petsamo]

IWM looking to make new lows.

[Cobra]

L2 short, no good for bulls.

[MrMiyagi]

I am officially confused with this market. I don't know if I should go long or go short.

Consider a short long or long short position.

[pady]

20SMA - 1217.3 bouncing from here. Will we close below this ?

[grachu]

cobra 3 push down ? and breakdown usually occurs?

[tdo722]

oh lordy dord, usdollar is officially 5 wave up. no idea when 4th wave is over but when it is over, i guess we all need to step aside long, otherwise we will get crushed.

[cougar]

L2 short, no good for bulls.

I would say that now we see a consolidation in a a lower zone, which, essentially, should be bearish for swing-trading.
Do you agree?

[1der]

I cannot believe Kim Kardashian's divorce announcement could cause such a collapse in the markets........troubling times.