10/24/2011 Intraday Watering

rhapsody1447 · Post by **rhapsody1447** » Mon Oct 24, 2011 9:53 am

SPY finally broke out of the channel I had drawn going back to 10/10.

SB73 · Post by **SB73** » Mon Oct 24, 2011 9:53 am

Nothing unusual here to see a further push higher after the first pullback. IMO because the pullbacks have been so shallow this is running out of real estate in a hurry. I have 1252 as a target before seeing a more sizeable retrace.

KENA · Post by **KENA** » Mon Oct 24, 2011 9:54 am

FYI... Dorsey Wright P & F charts all point to trend UP.Indicators pointing to Up trend for at least end of year.Things can change so we will just have to wait and see,but that is what trading is all about.If today is up good watch what COBRA is expecting and that is possible dn tomorrow.Hedge protection over night.

99er · Post by **99er** » Mon Oct 24, 2011 9:56 am

SPX
http://99ercharts.blogspot.com/2011/10/spx_24.html

Surf's up.

Al_Dente · Post by **Al_Dente** » Mon Oct 24, 2011 10:04 am

5 min internals update
http://stockcharts.com/h-sc/ui?s=$NYADV ... =245857107

Post by **Cobra** » Mon Oct 24, 2011 10:09 am

still could be 3 push up. a little overshot here.

stocksage · Post by **stocksage** » Mon Oct 24, 2011 10:14 am

started shorting at 1243.50 ES and will short every point ES goes up for a total of 10-20 contracts. We are overbought, nymo extended, ready for the turndown.

Al_Dente · Post by **Al_Dente** » Mon Oct 24, 2011 10:15 am

PAGING MICHELLE: u want weekend homework copper?

Post by **Cobra** » Mon Oct 24, 2011 10:15 am

OR breakout, so far very strong morning. normally a strong push up like this should at least be 2 legged, so the very 1st pullback to EMA20 is buy.

Seawaves · Post by **Seawaves** » Mon Oct 24, 2011 10:16 am

GM, Cobra!

SB73 · Post by **SB73** » Mon Oct 24, 2011 10:17 am

stocksage wrote:started shorting at 1243.50 ES and will short every point ES goes up for a total of 10-20 contracts. We are overbought, nymo extended, ready for the turndown.

For a swing trader this is the correct move, but a little early for me. I am starting at 1250 and will add 20% to 1255.

StrikePrice · Post by **StrikePrice** » Mon Oct 24, 2011 10:17 am

Not sure if this was pointed out on Friday.

IHS on Dow. Target ~ 11,975.

stocksage · Post by **stocksage** » Mon Oct 24, 2011 10:19 am

Don't think we even make 1250 ES

SB73 · Post by **SB73** » Mon Oct 24, 2011 10:22 am

Well we just closed the monster gap down from early August. 1st short initiated.

Michelle · Post by **Michelle** » Mon Oct 24, 2011 10:25 am

Al_Dente wrote:PAGING MICHELLE: u want weekend homework copper?

I'd love it.

oldpigwang · Post by **oldpigwang** » Mon Oct 24, 2011 10:25 am

Es 1250 is a sure thing.

BullBear52x · Post by **BullBear52x** » Mon Oct 24, 2011 10:25 am

I am bear.
Sell sell sell

99er · Post by **99er** » Mon Oct 24, 2011 10:26 am

RUT
http://99ercharts.blogspot.com/2011/10/rut_24.html

Island Reversal today?

rocstocktrader · Post by **rocstocktrader** » Mon Oct 24, 2011 10:29 am

Stock market article: “The Eurozone Wags the Gold & Silver Dog”

http://stk.ly/qYFCaS

BullBear52x · Post by **BullBear52x** » Mon Oct 24, 2011 10:32 am

99er wrote:RUT
http://99ercharts.blogspot.com/2011/10/rut_24.html

Island Reversal today?

Watch the close will tell, especially the hourly close, well, I play an early bird again today with tight stop

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10/24/2011 Intraday Watering

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