12/07/2011 Intraday Watering

[heavenskrow]

Imma go back to sleep. Not convinved of either sides.

[Cobra]

OK, I think this consolidation above the OR high means more on the upside, bears must be careful here.

[Me XMan]

Placing short orders at $126.25

OK, I think this consolidation above the OR high means more on the upside, bears must be careful here.

[Major]

Have read this board for some time and joined Sunday.

Hope knowledge gained on the board will help me alter my experience with the 50-50-90 rule.

I don't have anywhere near the working capital nor the securities experience that clearly many of the board's member have.

Because of that, I will not make a nuisance of myself with a lot of questions but hope that the folks on this board will be willing to help me when I ask.

You ask... we will help if we can

Thank you -appreciate it.

[Petsamo]

A wedge on the SPY just became a larger wedge, and it busted to the up side

[Al_Dente]

well...i guess that's all she wrote for the bears today. first touch of the trend line above, and it looks like consolidation right before. i expect a lunch time blow through resistance here.

i guess 126.30 the next stop. maybe a visit to 125.50 after that...

and then another blow your top off up and down end of day.
that would pretty much characterize this week.

For what I see now, recent high need to take out or selling will continue, risk/reward on swing is getting better on the sell side now. If Dr. AL have to show you his internals chart he will sell at WVAP

Dude NOT TRUE sell at vwap
Decline to VWAP would be TOO LATE TOO LATE for Al
Al sells whenever weakness tells him to (scalping only)
Eg: scalper sell VERY NEAR on TNA right this minute, it’s getting weak for scalpers here
I DON’T WAIT FOR VWAP for scalping exit signal
I prefer sell early, avoid decline to vwap, but give up good money if it just corrects and resumes rally, I go for base hits in these crazy markets, you get the home runs

[jarbo456]

well...i guess that's all she wrote for the bears today. first touch of the trend line above, and it looks like consolidation right before. i expect a lunch time blow through resistance here.

i guess 126.30 the next stop. maybe a visit to 125.50 after that...

and then another blow your top off up and down end of day.

that would pretty much characterize this week.

just to reiterate what i said.

[BullBear52x]

Gsp filled, no ball no glory.

[yjin76]

cobra, good time to short now?

[Me XMan]

Damn that was filled fast...

Placing short orders at $126.25

OK, I think this consolidation above the OR high means more on the upside, bears must be careful here.

[Cobra]

OR high as resistance, breakout then my 80% chances target failed the 5th time (out of 10) this month, so far only 50% chances. And this is why I said don't follow unless you know my complete setup which of course have solution to deal with the failure otherwise it won't be a complete set of setup. Again, I'm not in a legal position to give specific buy/sell signals, you should be aware that.

Confused, so abandon the second leg down? And do you have an upside target?
Also, I have tried to re register, log in, subscribe, pay...
First I picked a new name as it would not let me use the one I have been using (PRI)
It allowed me to select a new one, then I tried to sign in and pay with that and it told me that
the new name was inactive. I will need some help after the close if you have the time.

Yes, here's the new target. I don't argue because the market is always right, so sorry for keep changing the target, I think I warned that 80% target didn't work recently.

As for your login problem, send more details to [email protected], such as your registered ID, I can check now.

[jarbo456]

OR high as resistance, breakout then my 80% chances target failed the 5th time (out of 10) this month, so far only 50% chances. And this is why I said don't follow unless you know my complete setup which of course have solution to deal with the failure otherwise it won't be a complete set of setup. Again, I'm not in a legal position to give specific buy/sell signals, you should be aware that.

Confused, so abandon the second leg down? And do you have an upside target?
Also, I have tried to re register, log in, subscribe, pay...
First I picked a new name as it would not let me use the one I have been using (PRI)
It allowed me to select a new one, then I tried to sign in and pay with that and it told me that
the new name was inactive. I will need some help after the close if you have the time.

Yes, here's the new target. I don't argue because the market is always right, so sorry for keep changing the target, I think I warned that 80% target didn't work recently.

As for your login problem, send more details to [email protected], such as your registered ID, I can check now.

i believe your upside targets 90% of the time. 1 out of 10 or so targets, maybe 2 don't get hit.

i believe your downside targets about 50% of the time or less.

do you think this has to do with memory as well cobra? that i only remember the losers?

[uempel]

cobra, good time to short now?

Look at Al_Dente's chart.

[Cobra]

cobra, good time to short now?

No, don't you see bears failed their first attempt on the downside?

[cougar]

$DXY at support on 3LB daily:

$DXY just dropped under support!

[Cobra]

OR high as resistance, breakout then my 80% chances target failed the 5th time (out of 10) this month, so far only 50% chances. And this is why I said don't follow unless you know my complete setup which of course have solution to deal with the failure otherwise it won't be a complete set of setup. Again, I'm not in a legal position to give specific buy/sell signals, you should be aware that.

Confused, so abandon the second leg down? And do you have an upside target?
Also, I have tried to re register, log in, subscribe, pay...
First I picked a new name as it would not let me use the one I have been using (PRI)
It allowed me to select a new one, then I tried to sign in and pay with that and it told me that
the new name was inactive. I will need some help after the close if you have the time.

Yes, here's the new target. I don't argue because the market is always right, so sorry for keep changing the target, I think I warned that 80% target didn't work recently.

As for your login problem, send more details to [email protected], such as your registered ID, I can check now.

i believe your upside targets 90% of the time. 1 out of 10 or so targets, maybe 2 don't get hit.

i believe your downside targets about 50% of the time or less.

do you think this has to do with memory as well cobra? that i only remember the losers?

it's related to your memory because since Dec 2, all my DAY TRADE money were made on the downside! The only long was a failure, remember that expensive lunch I had? I wasn't watching the market at that time.

[stucap]

cobra, good time to short now?

No, don't you see bears failed their first attempt on the downside?

Clearly no sellers showing up yet.......

[BullBear52x]

cobra, good time to short now?

Look at Al_Dente's chart.

a cross yesterday only end up in tears.

[Me XMan]

What? You're not seeing bears here?

cobra, good time to short now?

No, don't you see bears failed their first attempt on the downside?

Clearly no sellers showing up yet.......

[TWT]

BUND :
Down side action has been corrective
But it does not prevent lower levels ahead if it is tracing a large DZZ
If the count is correct once we have the (X) in place EUROXX/DAX will resume the rally