09/23/2011 Intraday Watering

99er · Post by **99er** » Fri Sep 23, 2011 2:31 pm

BKX
Update.
http://99ercharts.blogspot.com/2011/09/bkx_23.html

shumushu · Post by **shumushu** » Fri Sep 23, 2011 2:33 pm

Covered 1127. Not sure if intraday bullish trendline will hold.

ultramarine · Post by **ultramarine** » Fri Sep 23, 2011 2:33 pm

uempel wrote:
Michelle wrote:
Al_Dente wrote:Sweet
But I hate it when you make us work that hard; I’m trying to trade
I use 20/39 weekly; even 13/34
No matter how you pour that milk, it smells rancid, but let’s just squeeze the carton and see.
You are toooo funny. There are posters here who say they're new to trading, so it's good to explain how you come up with whatever you're talking about sometimes.
Al_Dente, sometimes interesting to pick up ideas. The indicator Michelle mentioned gave wrong signals in the 2000 - 2003 bear market, but since then no bad signal, managed the 2007 - 2009 decline perfectly. But I'm still a MA 377 fan. Showed whipsaws in 1992, but since then it's been a smooth ride with only 3 whipsaws.

I'm not familiar with the 377 MA. This is the 377 day moving average? Based on Gann-Fib numbers?

tapesense · Post by **tapesense** » Fri Sep 23, 2011 2:34 pm

Great sell spot at yesterday's SPY high, break would measure to gap fill. Maybe even banks trading with free money don't want to be long into weekend

StrikePrice · Post by **StrikePrice** » Fri Sep 23, 2011 2:34 pm

Looking at Fibs from 1371 down to 1102.

14.6% rejected that breakout nicely. Now can the Bulls keep the trend line? If so as others have pointed out the rebound target would look to be 1165.

Still short from 121 and now long at 112 on SPY.

wayne0708 · Post by **wayne0708** » Fri Sep 23, 2011 2:34 pm

Cobra,
If the third push up is on the way and fails to break through 114 on SPY, does that mean bulls lose?

Richarab · Post by **Richarab** » Fri Sep 23, 2011 2:38 pm

looks like a horse.... my little pony

Post by **Cobra** » Fri Sep 23, 2011 2:40 pm

well, hope fully the rebound could go a little far this time. overall, no good for bulls, as I see overlapping, 3 push up and this might be the 4th up to retest the day high therefore could fail at any time.

Post by **Cobra** » Fri Sep 23, 2011 2:41 pm

wayne0708 wrote:Cobra,
If the third push up is on the way and fails to break through 114 on SPY, does that mean bulls lose?

yes, it's losing momentum. but I sure hope it won't drop today because I really don't want to short before the weekend.

SB73 · Post by **SB73** » Fri Sep 23, 2011 2:42 pm

Oversold conditions are being worked off rapidly on 5, 10, 15, 30 min charts

Mr. BachNut · Post by **Mr. BachNut** » Fri Sep 23, 2011 2:43 pm

VIX near highs of the day but SPY well off the lows of the day. Hmmm....

wuzzy · Post by **wuzzy** » Fri Sep 23, 2011 2:46 pm

1225 ES, 54 qqq , this seems vaguely familar, i think i got burned here before...

shumushu · Post by **shumushu** » Fri Sep 23, 2011 2:47 pm

Cobra wrote:
wayne0708 wrote:Cobra,
If the third push up is on the way and fails to break through 114 on SPY, does that mean bulls lose?
yes, it's losing momentum. but I sure hope it won't drop today because I really don't want to short before the weekend.

is this the Cobra impulse system short below yesterday's low?

wayne0708 · Post by **wayne0708** » Fri Sep 23, 2011 2:51 pm

Thanks for your invaluable response.

jarbo456 · Post by **jarbo456** » Fri Sep 23, 2011 2:51 pm

can we have a show on the board in terms of who's staying short, long, or flat for the weekend?

Post by **Cobra** » Fri Sep 23, 2011 2:52 pm

no good, now I really hope the green line could hold. breakdown would be clearly a double top (after a 3 push up so basically makes the double top looks real).

wayne0708 · Post by **wayne0708** » Fri Sep 23, 2011 2:54 pm

I hope that it would hold as well lol

uempel · Post by **uempel** » Fri Sep 23, 2011 2:55 pm

ultramarine wrote:
uempel wrote:
Michelle wrote:
Al_Dente wrote:Sweet
But I hate it when you make us work that hard; I’m trying to trade
I use 20/39 weekly; even 13/34
No matter how you pour that milk, it smells rancid, but let’s just squeeze the carton and see.
You are toooo funny. There are posters here who say they're new to trading, so it's good to explain how you come up with whatever you're talking about sometimes.
Al_Dente, sometimes interesting to pick up ideas. The indicator Michelle mentioned gave wrong signals in the 2000 - 2003 bear market, but since then no bad signal, managed the 2007 - 2009 decline perfectly. But I'm still a MA 377 fan. Showed whipsaws in 1992, but since then it's been a smooth ride with only 3 whipsaws.
I'm not familiar with the 377 MA. This is the 377 day moving average? Based on Gann-Fib numbers?

Based of Fib numbers, I like Fibs, nothing religious, I just like things that work. Here DMA 377 and a chart I posted 10 days ago...

ultramarine · Post by **ultramarine** » Fri Sep 23, 2011 2:56 pm

jarbo456 wrote:can we have a show on the board in terms of who's staying short, long, or flat for the weekend?

Short term, I am flat. Retain significant short position for medium term.

cguirguis · Post by **cguirguis** » Fri Sep 23, 2011 2:57 pm

I'm holding all my short positions into the weekend: SPY/QQQ/TZA puts, TZA

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09/23/2011 Intraday Watering

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