09/30/2011 Intraday Watering

Post by **Cobra** » Fri Sep 30, 2011 2:10 pm

now the balance shift onto bear side. watch the green line below, breakdown would be bearish 1-2-3 formation. bulls have tried 3 time to breakout, the 3rd time being the weakest, so that's why I said, it's shifting on the other side.

CognitiveDissonance · Post by **CognitiveDissonance** » Fri Sep 30, 2011 2:12 pm

BullTart wrote:Finally took half profits from TVIX.

Leaving the other half to the close. May or may not keep over the weekend based on the close.

Let us know what you decide - I'm mulling over the same choices. What tricks does the market have for us on Monday?

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:12 pm

BullTart wrote:Finally took half profits from TVIX.

Leaving the other half to the close. May or may not keep over the weekend based on the close.

Good call BullTart, why black swan?

silicon_beaver · Post by **silicon_beaver** » Fri Sep 30, 2011 2:17 pm

Monday is Oct.

ER of big ones will dominate market.
MU is retreating today already, down 13%. it hurts Dow. Nasdaq looks not good either.

bushwaffle · Post by **bushwaffle** » Fri Sep 30, 2011 2:18 pm

Seems to be a lot of Buy programs at 1145

rhight · Post by **rhight** » Fri Sep 30, 2011 2:20 pm

Cobra wrote:bulls have tried 3 time to breakout, the 3rd time being the weakest, so that's why I said, it's shifting on the other side.

I like that. Obvious when you look at it that way. It is the last day to dress things up for what has been a terrible quarter. Although, you would be hard put to dress up a decline from spx 1320 to 1150, so what is a few points either way?

rpccharts · Post by **rpccharts** » Fri Sep 30, 2011 2:20 pm

Day session range estimate is 1123-1153. I think the ES is headed below its August low.

jaijailyc · Post by **jaijailyc** » Fri Sep 30, 2011 2:20 pm

here comes.... drum roll please...!!!

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:21 pm

Daily one more support fib fan since Mar09 heading back to it is not bullish, 61.8% fib is so critical.

Al_Dente · Post by **Al_Dente** » Fri Sep 30, 2011 2:22 pm

bear strength
Update on bear internals SH=bear
http://stockcharts.com/h-sc/ui?s=SH&p=5 ... =244660020

Post by **Cobra** » Fri Sep 30, 2011 2:23 pm

multiple supports here. the breakdown is not very strong so I'm not sure, still looks like just a range trade. anyway, no harm to know the potential target, 1 is bearish 1-2-3 target, 1 is descending triangle target.

waverider · Post by **waverider** » Fri Sep 30, 2011 2:27 pm

TVIX HOY!!! go!

rpccharts · Post by **rpccharts** » Fri Sep 30, 2011 2:28 pm

Post by **Cobra** » Fri Sep 30, 2011 2:30 pm

testing yesterday's low, key time. the chart patter, doesn't look good for bulls, especially from ES, seems a bigger descending triangle.

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:31 pm

floor?see my last line of defense here.

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 2:32 pm

I will be very impressed if the bulls manage to hold this thing up. 2.30 on a Friday afternoon?

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:34 pm

ultramarine wrote:I will be very impressed if the bulls manage to hold this thing up. 2.30 on a Friday afternoon?

hahaha...don't underestimate my uncle.

Post by **Cobra** » Fri Sep 30, 2011 2:34 pm

here's what I mean, a bigger Descending Triangle.

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 2:36 pm

BullBear52x wrote:
ultramarine wrote:I will be very impressed if the bulls manage to hold this thing up. 2.30 on a Friday afternoon?
hahaha...don't underestimate my uncle.

Is that you, Larry? Larry Blankfein...?

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:39 pm

ultramarine wrote:
BullBear52x wrote:
ultramarine wrote:I will be very impressed if the bulls manage to hold this thing up. 2.30 on a Friday afternoon?
hahaha...don't underestimate my uncle.
Is that you, Larry? Larry Blankfein...?

I wish I am but with hair

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09/30/2011 Intraday Watering

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