10/06/2011 Intraday Watering

[Unique]

[CognitiveDissonance]

For anyone going long at this time, I suggest setting a stop loss at 10:58AM. This is for spx chart.

You mean tomorrow 10:58 am?

No Einstein. This morning 10:58AM.

Sorry I didn't understand the cryptic message. I thought maybe it was a typo.

[stockcycle]

What I am seeing told me that I don't need to close my long positions today. We may expect to meet 1190 before a deep pullback.

[tdo722]

Yep, Kansas is going bye bye. This bull train definitely going out of steam. I'm going short 5000% at 1150 spx.

[EvilTrader]

all of our dow "squeezable" stocks showed moderate to big squeeze sticks, although almost are wimping out on these last two red bars
Notes for our next real squeeze alert:
U need not bother checking the news, because IT DOESN’T MATTER what might be spooking the shorts into covering; they can race for cover on the flimsiest rumor; they don’t need a “why”.
e.g.: you check for news like a rational person, absorb it, try to reasonably assess its bull/bear effect on the mkt….. by that time they may have stolen a few points from u already.
If/when this turns into an elevator (IF, IF), it is an irrational and unreasonable event. So, you may be left scratching your “rational” head, while the market just ripped out your entrails.
If u need an analogy: when someone yells “fire” in a crowded theatre; u don’t stop to get details from the screamer; u don’t check the theater’s recent building code violations…. Yr only job is to get out alive, and protect yrslf and yr loved ones, and ask Q later….
TRUST THE STICKS, the green sticks will tell us everything we need to know.
But no one is yelling “fire” at the moment…. End of rant.

You are right. That is short term trading. No one knows for sure whats going on around the world.

You must Respect Price. Follow Price. Love Price.

Or go bust.

that simple.

[tdo722]

What I am seeing told me that I don't need to close my long positions today. We may expect to meet 1190 before a deep pullback.

A straight shot from 1080 to 1190 without a corrective wave. Wow, I wish I was Alice in Wonderland.

[BullBear52x]

What I am seeing told me that I don't need to close my long positions today. We may expect to meet 1190 before a deep pullback.

yeah, but if trade below 114.72 I would questioned this move up.

[heavenskrow]

ahahaha

[Cobra]

here is what I see. the question is: are we going to climb along the EMA Env? I cannot exclude the possibility just the odds are a little little little low, so more likely a small pullback here, but such a small pullback will be bought. Let's see.

[Unique]

1160-1165 Max top..not that my opinion matters. We'll see.

Anything is possible right? A run to 1190? LOL yea right

[CognitiveDissonance]

For anyone going long at this time, I suggest setting a stop loss at 10:58AM. This is for spx chart.

You mean tomorrow 10:58 am?

No Einstein. This morning 10:58AM.

Tell him you are from Seattle Washington.

Thanks BullBear, appreciate it. I've only been trading for less than a year so I'm still trying to pick things up and stay out of the way.

[99er]

SPX
Caution Bears.
http://99ercharts.blogspot.com/2011/10/spx_2436.html

This puppy wants to go up.

[Tabby]

SPX
Update.
http://99ercharts.blogspot.com/2011/10/spx_6073.html

Looks like around 1162, you are finish with your waxing.

[BullBear52x]

OK lets be fair, bears just frustrated that they are about to gave back gain nothing more. a selling will continue, I think we will re-visit the recent low. but market is careless what I think, so buy on.

[tdo722]

That's a Rog. I set my stop loss for SDS 1000 shares right there but to be safe set it 2 points higher 1164

[99er]

Tabby

Think I'll be waxing the old board for a few days but when the surf's up...a great ride.

[ddd]

Shallow pull backs, and slow grinding (so called slow cooking in Chinese) is the most fearful for people on the wrong side of the trade.

[fehro]

1162.28..... 20D SMa for what it's worth

[Cobra]

OK lets be fair, bears just frustrated that they are about to gave back gain nothing more. a selling will continue, I think we will re-visit the recent low. but market is careless what I think, so buy on.

you have any rule to trade Heikin-Ashi?

[tdo722]

Okay, 2nd attemp to cross 1160 failed. Cobra, what do you think? Another 3rd attempt before giving up?