10/03/2011 Intraday Watering

[BullBear52x]

I think I got good nose, well have fun guys, I don't see a big move in hour or two from here. will be BACCCCCK

[silicon_beaver]

FAS looks double-top.
feel it stronger than SPY so far.

[jarbo456]

well, i guess the ism may have changed the tenor of the day. will close out of my shorts i think.

[BullTart]

Took all profits and now completely out of all TVIX positions now.

Didn't like the action after the ISM numbers came out.

Will stay in cash and wait to see what happens here.

[Mongoose]

Silicon -- are you from Beaverton Oregon?

Right, beaver from beaverton. silicon forest.

I grew up in Raleigh Hills. Graduated from BHS.

Small world, grew up in Bend, graduated from BHS

Are you still at Western Coast? It rains since last week.
Man, it's hard to get up in dark to trade Wall Street.

I live in Europe now. I miss Oregon, though. How is the football team at BHS? do you still follow it?

[Cobra]

this market tries to find any excuse to rise sharply, interesting. 16 points in less than 15 minutes.

[Al_Dente]

Squeeze in
GM T JNJ GE HD DIS
All dow stocks on our “most squeezable list”

[EvilTrader]

Downside target met.

Rollercoaster time.

Watchout your asses.

[silicon_beaver]

called me crazy. loaded FAS at 14. Full position.

Thanks Helicopter. Yes We Can.

SPY and FAS go up. it passed 10:00am, next time frame is 10:30am. The gap filled.

[Mongoose]

this market tries to find any excuse to rise sharply, interesting. 16 points in less than 15 minutes.

Why are you surprised Cobra -- didnt you say it was going to be a green day today.

[KENA]

this market tries to find any excuse to rise sharply, interesting. 16 points in less than 15 minutes.

I think someone pushes the up button on the computers.The ony buying is short covering..Wait and see

[ddd]

A good thing I waited this morning on entering shorts, and caught this sharp bounce on its way up.

[agnosia]

i miss the good ole markets... these ranges/moves are ridiculous.

[jarbo456]

i miss the good ole markets... these ranges/moves are ridiculous.

i agree agnosia. boring is good. good means profitable.

[silicon_beaver]

Next ares is 114.2 ~ 114.6.
FAS should be 110.2 ~ 11.13

[waverider]

I live in Europe now. I miss Oregon, though. How is the football team at BHS? do you still follow it?[/quote]

Yeah, Bend is a good place to live. Where in Europe? Nah, I was more of a track guy. They had a good team in 08 when I graduated though.

[Richarab]

I live in Europe now. I miss Oregon, though. How is the football team at BHS? do you still follow it?

Yeah, Bend is a good place to live. Where in Europe? Nah, I was more of a track guy. They had a good team in 08 when I graduated though.[/quote]

i went to an all boys school in Dammam. Played nintendo fifa, if that counts..

[SB73]

Rallies should be short...possibly that has already been completed. May continue up to 1145, but I have a target of just under 1100 before the next sustainable bounce.

[Al_Dente]

Squeeze petered out

Use these as squeeze guide:
A PERFECT, classic elevator squeeze (this example BAC from 9/29 with a unrelenting 55 min sqeeze into the close.)
http://screencast.com/t/FNteh1wbErw3
Or LEN (20% of their outstanding shares are short !) had TWO perfect elevators in same day
http://screencast.com/t/sOuZCnADbibl
Or CVX almost perfect sqeeze same day http://screencast.com/t/c37N8FDVo

Watch the start: 1, 2, 3, medium sized green sticks (5 min) with no pullbacks, then 4, 5, 6, green sticks SHOULD confirm, then (if massive squeeze), should be able to go to 6, 7, 8, 9++ parabolic sticks up for NO reason…. pullbacks/candles that CLOSE red = negate squeeze alert….

[soku]

if 1115 cannot hold, we will see 1102 in minutes.
ism showing strong employment. i guess the nfp may not be too bad. i still think of adding strategic long below 1100