06/13/2011 Intraday Watering

[PLUNGE]

Maximum Pain levels are SPY 130, DIA 120, QQQ 57, IWM 80. The big money options seller target those levels to make most options expire worthless. We shall see how they do this week.

which data feed did you get this? I got different numbers from yahoo's open interest data

I got them here: http://www.optionpain.com/MaxPain/Max-Pain.php

What numbers does Yahoo give?

[Cobra]

nothing to say. a little trend line I see in Global ES.

[BDI]

New registrant to the Board, been lurking for a while. Just wanted to thank you for your gracious sharing of your time & knowledge. Currently only a Macro fundys position player using deep OTM options on Indexes & ETFs. Want to add SPY day trading to my tool belt, this board is a great help to me while I prepare myself for this new additional trading approach. If you have any informative reading, and or hardware / software
set up recomendations.....I would be most grateful. TIA

[BDI]

OMG...sorry about the size of my avatar.......working on it now;-(

[BullBear52x]

GM, a failed move by the Bulls, Bears turn.

[BDI]

nothing to day. a little trend line I see in Global ES.

So sorry about gargantuan avatar.......can't seem to figure out how to reduce size on your system....
please help...........when you can

[99er]

Copper
The Doctor says "Risk Off."
http://99ercharts.blogspot.com/2011/06/copper_13.html
As in "about to fall off the table."

[cletus]

nothing to day. a little trend line I see in Global ES.

So sorry about gargantuan avatar.......can't seem to figure out how to reduce size on your system....
please help...........when you can

Try to copy it to the Paint program if you have a PC and just resize it

[BDI]

Thanks......That's better.

[99er]

SPX
So much for the bounce...
http://99ercharts.blogspot.com/2011/06/spx_13.html
MACD cross.

[99er]

Crude
Pennant about to break down...
http://99ercharts.blogspot.com/2011/06/crude_13.html

[Cobra]

i see a little double top here. chances are it'll breakdown to fill today's gap. we'll see.

[BullBear52x]

Line in the sand.

[99er]

Gold
On the bear side of the mid-channel line.
http://99ercharts.blogspot.com/2011/06/gold_13.html

[agnosia]

seems the 10/20ema are providing support for the /es at the moment...

[BullBear52x]

seems the 10/20ema are providing support for the /es at the moment...

ES open interest is positive on daily.

[99er]

Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver_13.html
Expanded channel.

[cletus]

3 cycles on a daily, 60 min and 15 min time frames come due on JUNE 14th at 1 PM EST, so watch that hour.

[Cobra]

breakdown as i said, tinted area as text book target. bear needs a follow through next bar though.

[cougar]

For IWM: the filling of the gap!