10/27/2011 Intraday Watering

[Cobra]

cobra do you feel there is a pull back as per your night report... you mentioned that if huge up today would be good for a sell off tomorrow ?

I said NYMO and T2122 would go extreme. NYMO cannot be argued. but there's always an exception, so unless you're very aggressive and know what you're doing, otherwise STAY WITH THE TREND please.

[agnosia]

Anyone thinking of shorting Gold?

a favorite quote of mine:


"Retail traders like to do one thing more than anything else: They like to sell things that are going up and buy things that are going down."

btw i am long some /gc @ 1720 looking for a move up to 1780. might get bumpy though.

As a rule I would never short a bull market. I believe gold has just bottom of off $1535 and with all this money being thrown at Greece and who know maybe Italy gold may just go into another parabolic rise.

i agree. short term i am looking for 1780, then a pullback.

i might start buying some forward month contracts though.... would not be surprised if we saw $2000 soon.

here guys is a nice summary of how to trade and what is going on at the moment:

"...there are powerful deflationary forces at work all over the world that are seeking to clear various markets, which the central banks are attempting to counter by the equivalent of printing money. Who will win? We cannot say. We had noted this week that long term prospects have improved and the risk markets could surge far higher than many would think possible. This must be tempered with an understanding that risk markets are running purely on liquidity and, as such, are prone to violent reversal on the realization of its absence."

[champix]

I do not participate at this bull run (unfortunately) so here is my commo plan :
GOLD (gc), bought @ 1711, target 1740 stop 1719
CRUDE (cl), maybe an opportunity to long @ 92,45 if spi wants to go north.

1740 REACHED for +21 pts on GC.
Maybe more if we break 1745

[99er]

So honey, what does Dr. Copper say?
HG http://99ercharts.blogspot.com/2011/10/copper_532.html

"Look at that f*ckin' wave!"

[cougar]

For Dr. Copper’s fans: JJC demonstrated a “Gann Rule of 4” in action.
From now on, one could simply play the limits of the Regression Channel (+/-1SD):

[stockcycle]

SPX daily: Except the T2108 (someway eq. T2122) reading overbought. +DI15 and RSI14 are very bullish and not overbought.
I think with this bullish sentiment inspired from Euro debt-crisis deal, the SPX would make a consecutive 3 days rally before it may face any selling pressure from profit taking.

[agnosia]

I do not participate at this bull run (unfortunately) so here is my commo plan :
GOLD (gc), bought @ 1711, target 1740 stop 1719
CRUDE (cl), maybe an opportunity to long @ 92,45 if spi wants to go north.

1740 REACHED for +21 pts on GC.
Maybe more if we break 1745

nice, i am holding tight until the 61.8% retrace of the entire move is met @ 1775 before a pullback. i am long from 1720.

i went long crude at 93.10, holding with stop even for now.

[Cobra]

cobra da,
do we have the breakout target

no.

[MrMiyagi]

Glad to have sold my TZA 2 days ago, too bad didn't buy some TNA.
This bull is too strong I bet we'll see 1300-1350 easy.

[uempel]

I'm scalping at 1279 and I'll scalp again up at 1289. Here a set of charts I'm using at the mom:

[BullBear52x]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

[RealMoneyIssues]

Mad bear!

no, BAD bear...

[Petsamo]

UNG got a shot of Viagra

[99er]

Jeez honey...
SPX http://99ercharts.blogspot.com/2011/10/spx_1613.html

Are we there yet?

[agnosia]

guys /es gap @ 1282.75

[waverider]

Anyone thinking of shorting Gold?

a favorite quote of mine:


"Retail traders like to do one thing more than anything else: They like to sell things that are going up and buy things that are going down."

btw i am long some /gc @ 1720 looking for a move up to 1780. might get bumpy though.

As a rule I would never short a bull market. I believe gold has just bottom of off $1535 and with all this money being thrown at Greece and who know maybe Italy gold may just go into another parabolic rise.

i agree. short term i am looking for 1780, then a pullback.

i might start buying some forward month contracts though.... would not be surprised if we saw $2000 soon.

here guys is a nice summary of how to trade and what is going on at the moment:

"...there are powerful deflationary forces at work all over the world that are seeking to clear various markets, which the central banks are attempting to counter by the equivalent of printing money. Who will win? We cannot say. We had noted this week that long term prospects have improved and the risk markets could surge far higher than many would think possible. This must be tempered with an understanding that risk markets are running purely on liquidity and, as such, are prone to violent reversal on the realization of its absence."

The fundamentals definitely back the buy gold argument. Speaking of gold it's rocketing to 1750 right now, and my DGP is up over 5% yay!

[SB73]

Adding to short position here. Tighten stop on previous position.

[tdo722]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

Man, you used RSI 5 on the daly and had a bearish divergence. I almost fell for that but then I changed it to original RSI 14 for the daily chart and that bearish divergence went a way. Otherwise I would have did the unthinkable and loaded heavy short.

[EvilTrader]

cobra do you feel there is a pull back as per your night report... you mentioned that if huge up today would be good for a sell off tomorrow ?

I said NYMO and T2122 would go extreme. NYMO cannot be argued. but there's always an exception, so unless you're very aggressive and know what you're doing, otherwise STAY WITH THE TREND please.

Im building heavy (for my standards) shorts now, but i have my own models and charts and some experience to play for a short term correction.

And i still think its high risk.

If market does not move down a bit before the close i will lighten up shorts, because cannot risk a gap up tomorrow (even with very low probability of gap up) carrying a full load short position.

[99er]

Honey, are you ready?

http://cdn1.static.mporatrons.com/photo ... 507C_l.jpg

You betcha!