09/21/2011 Intraday Watering

[Cobra]

let's see if those aggressive dip buyers coming in again after euro zone closed. I bet this time is different because the dip is becoming larger and larger.

[Petsamo]

I thought OIH, XLE, & XOP pretty much tracked each other. Apparently not, XOP is in a rally. XOP is the most volatile (risky) because it's the small cap version of the other two.

[agnosia]

TLT keeps breaking out...someone knows something??

operation twist is supposed to target the long end of the curve ( tlt is 30 yr bonds ) so i guess some people are front running the fed buying?

but isn't it a rumor instilled by the market aka Bill Gross? And wouldn't one think that its already baked in and once the news is out, you sell bonds?

when bill gross says something it usually is not just a rumor. the bond king gets inside info.

this could just be a safe haven for now until the bernak releases his plans - if people like what he says you could see a quick run out of bonds and into stocks. good tell for today.

[Cobra]

chances of a small double bottom here, not confirmed yet. NORMALLY, I mean NORMALLY, the rebound should fail, this is at least 2 legged down.

[jarbo456]

let's see if those aggressive dip buyers coming in again after euro zone closed. I bet this time is different because the dip is becoming larger and larger.

it looks as if they are pushing up into the triangle again though. and they are getting some support with the macd and RSI is about to cross over 50 on the 5 minute...looking strong, but i hope it fails soon.

[shumushu]

Wow quick double bottom, bull's turn.

[Al_Dente]

TLT keeps breaking out...someone knows something??

operation twist is supposed to target the long end of the curve ( tlt is 30 yr bonds ) so i guess some people are front running the fed buying?

out

TLT is 20 year+
20s
NYT predicts fed sell off short maturities, buy longer
zh sees bernank selling longer maturities; their “evidence” the butterfly on 2s10s30s already baking it in.
Let me know if u need links, will try to dig em up later

[shumushu]

Wow quick double bottom, bull's turn. I covered my nq short

[alvian33]

hey, shmunsu, is wen trading your site?

[BullBear52x]

aiming at 50% fib extensions aka bottom of the channel and Fib fan 78.2%

[StrikePrice]

Wedge Breakout with a ton of overhead resistance

This one was a fake. The one now seems much better.

[alvian33]

Wow quick double bottom, bull's turn. I covered my nq short

nice site by the way, why don't you post your /es trades live?

[BullBear52x]

\ES looking down to 1150 ish

[Cobra]

I think this is confirmed double bottom breakout. unbelievable, the same thing happens everyday?

[shumushu]

hey, shmunsu, is wen trading your site?

Yes, that is my trading website, hugely inspired by cobra's site =). Fyi, I am a college student trading for about 4 years now. Look at my trades with a grain of salt.

[davros]

heavenskrow , ZB december contract made new all time high at 142'020

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/09/copper.html
Crude http://99ercharts.blogspot.com/2011/09/crude.html
30-Year http://99ercharts.blogspot.com/2011/09/30y.html

[alvian33]

hey, shmunsu, is wen trading your site?

Yes, that is my trading website, hugely inspired by cobra's site =). Fyi, I am a college student trading for about 4 years now. Look at my trades with a grain of salt.

I wish you could post your live /es trades over there,

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/09/gold.html
Silver http://99ercharts.blogspot.com/2011/09/silver.html

[silicon_beaver]

hey, shmunsu, is wen trading your site?

Yes, that is my trading website, hugely inspired by cobra's site =). Fyi, I am a college student trading for about 4 years now. Look at my trades with a grain of salt.

What's your major? just curious. Must not be Arts or Laws.