08/25/2011 Intraday Watering

[Cobra]

bulls are surprisingly strong, I'm very patient here for the breakdown but I'm also prepared for the bullish-bearish evil plan below.

[BullBear52x]

here is the chart I will buy wait for Bull flag break out.

[KENA]

Start the car? Why?

http://99ercharts.blogspot.com/2011/08/ ... ng_25.html

Will only be posting on the weekends for awhile; new training with Fivolpanacci.

Good luck, folks!

OK..If I can I will log in and learn something.

[frankthetank]

1160 here we come

[shumushu]

I think too much integration isn't the goal of this site. If I want to check out the communities' blogs, I could already list a few sites off the top of my head that has a community. But lets be real, there are only few people that have important things to say and worth reading. Having people's own blog is cool, but I think most talented trader already have their own website/blog established. Having a journal/blog is a part of the journey of a trader. People come to your site to hear your analysis Cobra.

[Me XMan]

ES broken down.

1160 here we come

[MajorEasy]

watch the dotted green line, it's a 200 Hull moving average.

[AK84]

Cobra,

Looks like no matter what comes out of Jackson hole tomorrow, you are leaning bearish biased to break the Aug 9th lows. Is this correct?

I can hardly imagine the market just selling off here and shooting up huge tomorrow after the Bernank....although as u say all bulls need is imagination

This jackson hole crap is messing with my head....and im leaning bearish now. especially since we hit 20dma on Daily and got rejected immediately!!!! The SPX daily candle is not going to be pretty today!

[CMT]

That is one impressive support line for the XLF, feeling pretty safe on the financial short side!

[progruss]

We need think about our next step carefully. I want a balanced solution of course.

LOL

[trader0303]

Switched to Tradestation a few weeks back, and haven't been able to short SPY (not on the easy to borrow list). Is this normal for Tradestation? It's frustrating trying to buy an inverse ETF-- they don't correlate very well I'm noticing

[progruss]

That is one impressive support line for the XLF, feeling pretty safe on the financial short side!

Who is paying you to use Same Time? That is quite the relic these days!

[KENA]

If you cannot buy short buy way in the money puts.

[Cobra]

Cobra,

Looks like no matter what comes out of Jackson hole tomorrow, you are leaning bearish biased to break the Aug 9th lows. Is this correct?

I can hardly imagine the market just selling off here and shooting up huge tomorrow after the Bernank....although as u say all bulls need is imagination

This jackson hole crap is messing with my head....and im leaning bearish now. especially since we hit 20dma on Daily and got rejected immediately!!!! The SPX daily candle is not going to be pretty today!

I think the past few days push up wasn't because of Jackson hole, it's imply because of BAC deal. Big guys always know something ahead of us, funny SEC only investigate S&P and never bother to investigate this which happens over and over. Anyhow, I don't think there'll be QE3 and I believe most people don't expect that too, but I don't know if market would be selling off or not, the only think I know, it's really really very rare the sell off we had was just one legged.

[Me XMan]

Fed hands are tied IMO. No matter what they do, market will sell off good.

Cobra,

Looks like no matter what comes out of Jackson hole tomorrow, you are leaning bearish biased to break the Aug 9th lows. Is this correct?

I can hardly imagine the market just selling off here and shooting up huge tomorrow after the Bernank....although as u say all bulls need is imagination

This jackson hole crap is messing with my head....and im leaning bearish now. especially since we hit 20dma on Daily and got rejected immediately!!!! The SPX daily candle is not going to be pretty today!

[uempel]

Quite exciting day

[fuddleduddle]

Cobra,

Looks like no matter what comes out of Jackson hole tomorrow, you are leaning bearish biased to break the Aug 9th lows. Is this correct?

I can hardly imagine the market just selling off here and shooting up huge tomorrow after the Bernank....although as u say all bulls need is imagination

This jackson hole crap is messing with my head....and im leaning bearish now. especially since we hit 20dma on Daily and got rejected immediately!!!! The SPX daily candle is not going to be pretty today!

Well last year on the QE2 announcement the markets shot up..only to shoot back down again. There won't be something substantial like QE3 tomorrow, but it'll still be a volatile day. Might as well not prepare for Jackson Hole and just see how things pan out tomorrow and Monday.

[MajorEasy]

Switched to Tradestation a few weeks back, and haven't been able to short SPY (not on the easy to borrow list). Is this normal for Tradestation? It's frustrating trying to buy an inverse ETF-- they don't correlate very well I'm noticing

short it using the S&P e-mini, it's very cheap to trade.
i scalp about 10 to 20 trades a day using ES.

[silicon_beaver]

Closed my AG this morning. huh, yesterday I was worrying.

[Cobra]

critical time, anytime revisits the previous extreme there's a chance for reversal. let's wait and see, I'm clueless now, need see market actions first.