06/13/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Mon Jun 13, 2011 12:21 pm

Fear indices of all three biggies are telling me, be fearful, sell the Rally mid term is on.....yes it is on today on all.

TrendTrade · Post by **TrendTrade** » Mon Jun 13, 2011 12:29 pm

If and when the VIX closes outside of its daily bollinger band which stands at 19.82 today, then it is time to cover my short positions because then getting caught in a squeeze increases quite a bit.

quientuves · Post by **quientuves** » Mon Jun 13, 2011 12:33 pm

Wimpy bears... brrr...

Wallstreetrader · Post by **Wallstreetrader** » Mon Jun 13, 2011 12:33 pm

TrendTrade wrote:If and when the VIX closes outside of its daily bollinger band which stands at 19.82 today, then it is time to cover my short positions because then getting caught in a squeeze increases quite a bit.

If close above mm200 that will be a problem for the Bulls !

Post by **Cobra** » Mon Jun 13, 2011 12:37 pm

QQQ still looks like a Descending Triangle.

cougar · Post by **cougar** » Mon Jun 13, 2011 12:37 pm

Short term support for IWM at 77.55 has been reached. Sold puts and consider calls..

wishful · Post by **wishful** » Mon Jun 13, 2011 12:39 pm

Base materials, (UYM) break down?

nasa1100 · Post by **nasa1100** » Mon Jun 13, 2011 12:39 pm

cougar wrote:Short term support for IWM at 77.55 has been reached. Sold puts and consider calls..

nice move!

TrendTrade · Post by **TrendTrade** » Mon Jun 13, 2011 12:42 pm

"QQQ still looks like a Descending Triangle"

Agree... I see a back-test and then a move down on the indices here.

cletus · Post by **cletus** » Mon Jun 13, 2011 12:45 pm

We are up 50% on the UNG puts recommended a few days ago, and not quite ready to close them. Congratulations to those who are in the trade, although I think it's only me at this point.

cougar · Post by **cougar** » Mon Jun 13, 2011 12:45 pm

However... IWM P/C vol. ratio today = 4.4!!!
Caveat for the calls trade...

cougar · Post by **cougar** » Mon Jun 13, 2011 12:46 pm

Thanx NASA

cougar · Post by **cougar** » Mon Jun 13, 2011 12:50 pm

cougar wrote:Short term support for IWM at 77.55 has been reached. Sold puts and consider calls..

IWM support on chart below:

oldpigwang · Post by **oldpigwang** » Mon Jun 13, 2011 12:59 pm

Cobra: You made great, perfect, wonderful call for today's mkt trend. Also, everyday, you are great.
Thanks, admire，trust, respect all to you.
Officially confirm: Cobra beat a lot paid analyists.

99er · Post by **99er** » Mon Jun 13, 2011 1:07 pm

SPX
Update.
http://99ercharts.blogspot.com/2011/06/spx_496.html

Post by **Cobra** » Mon Jun 13, 2011 1:07 pm

triangle text book target.

BullBear52x · Post by **BullBear52x** » Mon Jun 13, 2011 1:10 pm

Looking forward for exhaustion gap from today on, could be tomorrow. Cobra you are the best.

Post by **Cobra** » Mon Jun 13, 2011 1:10 pm

forgot to say, could see rebound here, the previous bar was an exhaustion bar. if simply a bar or two consolidation instead of rebound then bulls are really weak. judging by today's pattern, i'd think a rebound in stead of consolidation...

Post by **Cobra** » Mon Jun 13, 2011 1:12 pm

bulls need H1 to kick off the rebound.

Post by **Cobra** » Mon Jun 13, 2011 1:16 pm

yeah, like what i felt, today's tone is, slow down, strong rebound, slow down, strong rebound, a typical downtrend day, let's see...

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06/13/2011 Intraday Watering

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