09/30/2011 Intraday Watering

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 2:40 pm

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

A picture is worth a thousand words, Cobra. Big down pressure from that Triangle. Right on.

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 2:41 pm

BullBear52x wrote:
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

You and your hair got the girls, but Lloyd got all the money.

wayne0708 · Post by **wayne0708** » Fri Sep 30, 2011 2:42 pm

Cobra:
It doesn't look like it is going to break out or down. You are right it's very indecisive. Any guess for Monday?

janez · Post by **janez** » Fri Sep 30, 2011 2:42 pm

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

Are bears really going to break it down?

Glad I got some SDS protection and unloaded the Chinese names at the high. Tough market.

Petsamo · Post by **Petsamo** » Fri Sep 30, 2011 2:43 pm

IWM (Russels) is holding up very well, for now ...

pady · Post by **pady** » Fri Sep 30, 2011 2:45 pm

Clearly horizontal symmetrical triangle in a downtrend. And we are in E of that triangle. But safe shorts below 114.

Frank95 · Post by **Frank95** » Fri Sep 30, 2011 2:47 pm

$TICK = -1312
What does it tell us?
No down side pressure!!

BullTart · Post by **BullTart** » Fri Sep 30, 2011 2:47 pm

The buy programs at 114 have unloaded a serious amount of ammo since yesterday.

We just got yet another launch from 114 again. Took profit on my TVIX positions earlier because I didn't want to be caught in the same position as the close yesterday, but have an entire weekend to hold over to see what Monday would bring.

If this latest explosion from 114 fails (as I think it will), and we go down the toilet into the close, I will leave the other half of my TVIX positions over the weekend to see what Monday will bring.

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:48 pm

bear flag intraday

SB73 · Post by **SB73** » Fri Sep 30, 2011 2:49 pm

SB73 wrote:I have a triangle forming which should resolve to the downside....not sure how to post images. I figure it out over the weekend. Top of triangle right now is 1156 with bottom at 1147. Measurement will be 20 points when it breaks either way. I don't like that it is not conforming with Cobra. Going against the snake has bitten me in the past.

Just in case anybody is keeping score Cobra 457 SB73 1

Cobra you are the best...My target is 1130ish. Monday is a wild card....looking for some good snake advice.

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 2:51 pm

We have liftoff.

pady · Post by **pady** » Fri Sep 30, 2011 2:51 pm

Wave 5...Wave 5...Wave 5...maybe a little early...after 113.5...

ultramarine · Post by **ultramarine** » Fri Sep 30, 2011 2:53 pm

I have some Oct SPY puts that I am looking to cover soon. If we get down far enough this afternoon, I may close some of them out. Any idea where near term support might be here? Maybe 113?

CognitiveDissonance · Post by **CognitiveDissonance** » Fri Sep 30, 2011 2:53 pm

BullTart wrote:The buy programs at 114 have unloaded a serious amount of ammo since yesterday.

We just got yet another launch from 114 again. Took profit on my TVIX positions earlier because I didn't want to be caught in the same position as the close yesterday, but have an entire weekend to hold over to see what Monday would bring.

If this latest explosion from 114 fails (as I think it will), and we go down the toilet into the close, I will leave the other half of my TVIX positions over the weekend to see what Monday will bring.

Thanks for sharing the plan. I got caught holding yesterday at close as well. I'll have to hatch something for end of day.

Post by **Cobra** » Fri Sep 30, 2011 2:54 pm

no real breakdown yet, bears must be patient here. the chart pattern does favor bears, but in this YES WE CAN world, anything can happen, so patience patience...

KENA · Post by **KENA** » Fri Sep 30, 2011 2:55 pm

Hard area to break.Would be nice to close well under 1140.Wait and see.

wayne0708 · Post by **wayne0708** » Fri Sep 30, 2011 2:56 pm

programmed buying kicked in again.

rpccharts · Post by **rpccharts** » Fri Sep 30, 2011 2:56 pm

GREAT MOVIE coming this FALL

waverider · Post by **waverider** » Fri Sep 30, 2011 2:57 pm

ultramarine wrote:I have some Oct SPY puts that I am looking to cover soon. If we get down far enough this afternoon, I may close some of them out. Any idea where near term support might be here? Maybe 113?

There's a pivot here at 114.11, pbar down to 113.80, we'll see

The dollar fell off a cliff and bonds are falling as well here... This may be the line

BullBear52x · Post by **BullBear52x** » Fri Sep 30, 2011 2:57 pm

second Pos D.

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09/30/2011 Intraday Watering

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