02/25/2011 Intraday Watering

[greenback]

Big picture, resistance area...

Do you still have your short positions?

Yes. That's just the part strictly according to model.

So it hasn't reached your $200 max loss limit ...

[Dow Trader]

I shorted Dow 12120 (scalping)
long OIL

[BullBear52x]

I shorted Dow 12120 (scalping)
long OIL

no sign of weakness just yet, I will sit out another hour or so. I don't think I will have gut to hold shorts over the weekend if I short any thing today.

[Dow Trader]

Dollar could bounce from here .. a clear positive divergence in hourly chart

[Dow Trader]

I shorted Dow 12120 (scalping)
long OIL

no sign of weakness just yet, I will sit out another hour or so. I don't think I will have gut to hold shorts over the weekend if I short any thing today.

it is 50 level in RSI after extream reading below 20 level after 3 down days ill give me my 40 points

[greenback]

Some big seller is defending 97 on OIL ...

[Netrom]

sell ordre at 80.50 on TNA


sold at 79,85 profit booked

[Dow Trader]

Some big seller is defending 97 on OIL ...

hard to loss today with long oil and short Dow .. but who knows.
I will hold at least to the close and see

[nelsonbelchior]

Cobra, what do you think about these movements today?

[uempel]

For me SPX 1322 is key.

[Cobra]

Cobra, what do you think about these movements today?

Strong, no short.

[Cobra]

So it hasn't reached your $200 max loss limit ...

Trying new strategy. I'm not worried anyway because you cannot imagine on a strong breakout today, I didn't long. Actually, I longed yesterday as it's not in the model, so I didn't say anything. Too, you cannot imagine that I kept saying the bottom might be in while I still don't go long, right?

[Cobra]

Still hanging around Fib 50. So far a strong day, no short please. I see plenty of DT long chances in the morning.

[BullBear52x]

Today's action, move my system right back to BUY mode next week.

[greenback]

So it hasn't reached your $200 max loss limit ...

Trying new strategy. I'm not worried anyway because you cannot imagine on a strong breakout today, I didn't long. Actually, I longed yesterday as it's not in the model, so I didn't say anything. Too, you cannot imagine that I kept saying the bottom might be in while I still don't go long, right?

I bet you had to do something yesterday ...

[nelsonbelchior]

Cobra, Do you think monday will be a negative day after a big rebound that we are seeing?

[greenback]

The ECRI's Weekly Leading Index climbs again, to 130.5 from 129.5, and annualized growth jumps to 6.1% from 4.9%. It's a steady set of moves in the future-growth gauge from last summer.

[BullBear52x]

Scalping on the short side is about to happen.

[greenback]

Another strong reading of the economy ...

Feb. Reuters/UofM Consumer Sentiment: 77.5 vs. 75.1 expected, 75.1 preliminary, 74.2 in January. Current conditions 86.9 vs. 86.8 preliminary, 81.8 in January. Expectations 71.6 vs. 67.6 preliminary, 69.3 in January.

[Cobra]

Could be a wedge here, the evil plan usually is another little bit small higher high or lower high than pullback of some kind.