08/01/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Mon Aug 01, 2011 9:52 am

Not good Bulls, here is my line in the sand

biotrader · Post by **biotrader** » Mon Aug 01, 2011 9:56 am

Does anyone know when the vote is?

lumeipro · Post by **lumeipro** » Mon Aug 01, 2011 9:57 am

Bull trap in the morning. Now bear trap? this market is hard to trade.

SigmaEcho · Post by **SigmaEcho** » Mon Aug 01, 2011 9:58 am

Hi Cobra, waht does your crystal ball say?

Out of Bounds · Post by **Out of Bounds** » Mon Aug 01, 2011 10:00 am

BullBear52x wrote:Not good Bulls, here is my line in the sand

Is that quicksand?

Post by **Cobra** » Mon Aug 01, 2011 10:00 am

nothing to say, at least this is corrective swing in nature, as the price apparently overlapping, a strong rally shouldn't like this.

BullBear52x · Post by **BullBear52x** » Mon Aug 01, 2011 10:00 am

lumeipro wrote:Bull trap in the morning. Now bear trap? this market is hard to trade.

Why is it hard if you know it's a trap? then do the opposite

Post by **Cobra** » Mon Aug 01, 2011 10:02 am

SigmaEcho wrote:Hi Cobra, waht does your crystal ball say?

no good. sell news as I was afraid. Everyone thinks that once debt ceiling deal reached, it's going to rally huge.

BullBear52x · Post by **BullBear52x** » Mon Aug 01, 2011 10:02 am

Out of Bounds wrote:
BullBear52x wrote:Not good Bulls, here is my line in the sand
Is that quicksand?

Yes, it is...

lumeipro · Post by **lumeipro** » Mon Aug 01, 2011 10:03 am

I took the bait. bought Qs and OIH's put contracts.

looks like a bull trap more than a bear one.

Post by **Cobra** » Mon Aug 01, 2011 10:05 am

wow, what's so bad? any news?

JJS612 · Post by **JJS612** » Mon Aug 01, 2011 10:06 am

could this be a wave 3

agnosia · Post by **agnosia** » Mon Aug 01, 2011 10:06 am

Cobra wrote:wow, what's so bad? any news?

ISM index was weak - http://finviz.com/calendar.ashx

i am long 1276

weigoodone · Post by **weigoodone** » Mon Aug 01, 2011 10:07 am

July ISM manufacturing 50.9, down4.4.

pdz · Post by **pdz** » Mon Aug 01, 2011 10:09 am

P-bar target reached.It seems any P-bar is always reached regardless of good or bad news.

ccash04 · Post by **ccash04** » Mon Aug 01, 2011 10:09 am

there has to be a slew of downgrades coming w analysts having to lower their price targets based on much lower growth expectations

BullBear52x · Post by **BullBear52x** » Mon Aug 01, 2011 10:10 am

This debt ceiling thing is going to hurt small cap in a big way in the longer term, I like the head line "debt crisis is fixed"

Post by **Cobra** » Mon Aug 01, 2011 10:11 am

that big red should be an exhaustion bar, so a rebound or at least consolidation of some kind here, then we'll see.

Mr. BachNut · Post by **Mr. BachNut** » Mon Aug 01, 2011 10:11 am

pdz wrote:P-bar target reached.It seems any P-bar is always reached regardless of good or bad news.

The Phantom Bar strikes again! This one was particularly impressive for the size of the move given the open.

Out of Bounds · Post by **Out of Bounds** » Mon Aug 01, 2011 10:11 am

Cobra wrote:wow, what's so bad? any news?

July ISM 50.9 down from 55. Was expected to hold at 53. Manufacturing is slowing - no growth.

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08/01/2011 Intraday Watering

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