02/02/2012 Intraday Watering

[BullBear52x]

sell however I look at it.

[L_T]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

Commentary from a commodity guy I read. Link below but here is the info regarding silver:

Silver continues to but its head against the $35 level but we need to see that level penetrated very soon or a correction will likely commence. A trade above $34 would lift prices to the next resistance at $35.50 while a correction south would take silver back near $30.50-31.

http://seekingalpha.com/article/333392- ... ot-the-end

[stevej]

I look at charts and see tops, wedges, and think; why does this market not correct. Yet it does not. Maybe when the Greek deal is done people will sell the fact??

[cougar]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

Commentary from a commodity guy I read. Link below but here is the info regarding silver:

Silver continues to but its head against the $35 level but we need to see that level penetrated very soon or a correction will likely commence. A trade above $34 would lift prices to the next resistance at $35.50 while a correction south would take silver back near $30.50-31.

http://seekingalpha.com/article/333392- ... ot-the-end

Thanx!

[BigChief]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

The overall picture is a bull flag, possible h&s bottom forming, looking for another downswing to form bottom, short term may have a little bit of upside but more risk to downside here off this rebound. When looking at RSI, it is rising from the bottom in Oct and Money flow short term is now high, so maybe due for a short fall. I am a longterm bull in silver and have held since 2002, so not much of a short term trader in it, but will join the upside on equities here off a bottom. Of course Benny Boy will encourage higher prices!

[THAT GUY]

are we hitting resistance here !!!?

[Unique]

THANK U JARBO munis and AAII

Ben direct quote “Do No Harm”

1min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

LOL, that pig is always lying...

[cougar]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

2012-02-02-TOS_CHARTS SI.png

The overall picture is a bull flag, possible h&s bottom forming, looking for another downswing to form bottom, short term may have a little bit of upside but more risk to downside here off this rebound. When looking at RSI, it is rising from the bottom in Oct and Money flow short term is now high, so maybe due for a short fall. I am a longterm bull in silver and have held since 2002, so not much of a short term trader in it, but will join the upside on equities here off a bottom. Of course Benny Boy will encourage higher prices!

Thanx!

[Cobra]

boring. let's play a little evil plan game. the bottom line, this is back test of yesterday's high, so no failure allowed for bulls.

[KENA]

Nothing has been indicated on this blog but during this up move the 200dma still is pointing in a downward slope.This is a mkt neg.Watch for change or continue dn.

[stevej]

Dose anyone know how it ends when we follow the Dax rather than lead??? It seems like the tail wags the dog.

[Unique]

are we hitting resistance here !!!?

[TraderGirl]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

Commentary from a commodity guy I read. Link below but here is the info regarding silver:

Silver continues to but its head against the $35 level but we need to see that level penetrated very soon or a correction will likely commence. A trade above $34 would lift prices to the next resistance at $35.50 while a correction south would take silver back near $30.50-31.

http://seekingalpha.com/article/333392- ... ot-the-end

There is a turn date on Jan 6th (+/- 3 days) for silver FWIW, Merriman's 3 star turn dates are pretty reliable. The one for the overall market and bonds is Feb 10th (+/- 3 days). Many thought it would represent a trough, but since we are rallying into it, it looks like it could be a ST top...if we ever get one..

[Al_Dente]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

Always playing SLV and AGQ and ZSL
I don’t see resistance SLV until ~34.20 zone (11/8 high and 200ma resist)

[dcurban1]

I had a top for Silver at $36 but now think that unless we get a correction $40 and maybe $50 is not out of the question.

I still see Silver coming back to $25-30 later this year.

[cougar]

Still long "Ultra Silver" (AGQ) via Mar calls .
Anybody playing silver here?

Commentary from a commodity guy I read. Link below but here is the info regarding silver:

Silver continues to but its head against the $35 level but we need to see that level penetrated very soon or a correction will likely commence. A trade above $34 would lift prices to the next resistance at $35.50 while a correction south would take silver back near $30.50-31.

http://seekingalpha.com/article/333392- ... ot-the-end

There is a turn date on Jan 6th (+/- 3 days) for silver FWIW, Merriman's 3 star turn dates are pretty reliable. The one for the overall market and bonds is Feb 10th (+/- 3 days). Many thought it would represent a trough, but since we are rallying into it, it looks like it could be a ST top...if we ever get one..

Thanx! Jan 5 (+/- 3d) is also a "Gann day"

[trendfollower]

Interesting thoughts if your thinking of doing options trading:

http://goo.gl/nZPuo

[Petsamo]

Has anyone been buying into TZA or other shorts?

[Al_Dente]

One intraday scalper that I kno sold SLV for today
But that guy often enters late and exits early….

[Al_Dente]

HFT sell spike one minute