11/01/2011 Intraday Watering

[heavenskrow]

or again it was an exhuastion gap similar to july 7th/8th on "news". Only dumb money move on "news"
and evil index signaled Death coming.

[BullBear52x]

This is big damage, you will be very optimistic to think we bottom here, sure 61.8% sounds nice but my down trend is confirmed today, sell the rips is on.

[SigmaEcho]

purely feelings. more rebound should be.

ihs forming on es (globex)? neckline 1230 > t = 1250

[tyalgo]

bought some stuffs through the amazon.com link last nite. thank you Cobra.

[ricster3]

Yesss! A trade went my way! Made $70 bucks playing puts... (out of 500 bucks invested)

that's how I will make the 4k back LOL

[waverider]

Here's the DAX, interesting.

[juankim]

Where's the amazon link? I want to buy a book today out of appreciation!

it's in the main side, at the bottom.

Cobra, for those w/ an Ad Blocker add-on for Firefox, can you provide a url for Amazon click-through?

Thanks again for all your tireless & selfless work in providing this awesome blog site. I've tried some other for-fee sites and your analysis and information is far superior. I'll gladly consider paying to access this site... or continue using the Amazon link

[Cobra]

Where's the amazon link? I want to buy a book today out of appreciation!

it's in the main side, at the bottom.

Cobra, for those w/ an Ad Blocker add-on for Firefox, can you provide a url for Amazon click-through?

Thanks again for all your tireless & selfless work in providing this awesome blog site. I've tried some other for-fee sites and your analysis and information is far superior. I'll gladly consider paying to access this site... or continue using the Amazon link

http://astore.amazon.com/hutong9-20

thanks!

[jarbo456]

Yesss! A trade went my way! Made $70 bucks playing puts... (out of 500 bucks invested)

that's how I will make the 4k back LOL

commissions to play options with that amount of money is probably taking a deep cut of your profits no? should consider either using a reasonable paper account, using a larger principal base, or consider another instrument that takes less of a toll in terms of commissions. i trade an average of 20-50 contracts, and i find the commissions have taken close to 25% of my profits YTD.

just something for you to think about.

[pady]

Yesss! A trade went my way! Made $70 bucks playing puts... (out of 500 bucks invested)

that's how I will make the 4k back LOL

Good trade. I am in a similar boat in a different market - to my last few trades. So every penny I make I save it. And I am extra careful. That is the way to do it. Slow and steady.

[99er]

So honey...what's for lunch?
RUT http://99ercharts.blogspot.com/2011/11/rut.html

Do Greeks eat raw beef?

[ricster3]

Yesss! A trade went my way! Made $70 bucks playing puts... (out of 500 bucks invested)

that's how I will make the 4k back LOL

commissions to play options with that amount of money is probably taking a deep cut of your profits no? should consider either using a reasonable paper account, using a larger principal base, or consider another instrument that takes less of a toll in terms of commissions. i trade an average of 20-50 contracts, and i find the commissions have taken close to 25% of my profits YTD.

just something for you to think about.

Yes, it does eat A LOT of profits, but it's the only way I'm gonna make some money back, because I'm not putting any more of my hard-saved money down the gutter. I lost most of my capital last week, I will try to make it back... if I can't, that's all I'll lose.

pady, let's climb out of this hole together, man!

[Cobra]

Where's the amazon link? I want to buy a book today out of appreciation!

it's in the main side, at the bottom.

Cobra, for those w/ an Ad Blocker add-on for Firefox, can you provide a url for Amazon click-through?

Thanks again for all your tireless & selfless work in providing this awesome blog site. I've tried some other for-fee sites and your analysis and information is far superior. I'll gladly consider paying to access this site... or continue using the Amazon link

You reminded me well, I added astore links so that those who have ad blocker won't be affected. thanks again.

[buyorsell]

ISM # is out, lower than expected.

[Al_Dente]

Here's the DAX, interesting.

Picture 1.png

wavy: thanks for that LIVE VIEW.
Here is my “note to self” after studying last night’s stockcharts.com
Another “little” discrepancy between ETFs and reality. Re: $DAX versus EWG
Note that Germany brokeout of the 15 Aug high (pink arrows). Yesterday $DAX held that breakout (and so did the futures as of yesterday’s close); EWG did not.
Note the higher low on $DAX in early October (dotted green lines), which signaled the start of the rally, while EWG sported an almost triple bottom.
There are other discrepancies…. Al: remember to check your base index and the futures, before u trade the ETFs
http://stockcharts.com/h-sc/ui?s=$DAX&p ... =243592081

[Al_Dente]

Where's the amazon link? I want to buy a book today out of appreciation!

it's in the main side, at the bottom.

Cobra: Would it kill you to put that dang amazon link on TOP of your main site?

[Cobra]

rebound target 123.78 I believe.

[noob]

Hi Cobra, is there an island reversal on the vix daily chart? Thanks!

[flight23]

Previous 3 days of SPY looks like an island top to me with a huge gap up, flat, then huge gap down with downward confirmation. Short term reversal of bullish uptrend, possibly long term. Lots of bulls trapped on that island.

[pady]

The pullback to 122.61 was only 38.2% of 121.52-123.4. That is disappointing for the bears. If there was strength, they would have gone down to 50-78%. We might still have a lower low but that might be it ???