10/04/2011 Intraday Watering

Al_Dente · Post by **Al_Dente** » Tue Oct 04, 2011 10:16 am

BullBear52x wrote:
Al_Dente wrote:
BullBear52x wrote:too many people watching SPX DJI and NDX, I will look to TECH and small cap today.
BB52x: you toying with us?…. or just dizzy about yr EDZ
DT only, I will sell the Rip but at the moment I play dead cat bounce.

u guys with yr abbreviations crack me up
DT: symbol? Oh right, day trade
Last week u OB = I’m lookin all over…..what could he possible see that is “overbought” here? He nuts?
Oh, right, Obama!
When I first started on this board, u say GM good morning, I check GM stock to see if it’s okay.

PRI · Post by **PRI** » Tue Oct 04, 2011 10:17 am

BullBear52x wrote:
PRI wrote:Notice the outperformance of the small caps - RUT down less than half a percent...
I am betting on TNA

Just went positive

bushwaffle · Post by **bushwaffle** » Tue Oct 04, 2011 10:19 am

Europeans headed lower toward close...this rally should be sellable.

jaijailyc · Post by **jaijailyc** » Tue Oct 04, 2011 10:21 am

i am in TNA @ 27.53 as well ..

silicon_beaver · Post by **silicon_beaver** » Tue Oct 04, 2011 10:24 am

jaijailyc wrote:i am in TNA @ 27.53 as well ..

Have to stay sideline to watch you guys building your positions.
I did load FAS yesterday morning but didn't exit. Now stuck with market.
FAS go go go. o-well, I believe it will take time this time.

Al_Dente · Post by **Al_Dente** » Tue Oct 04, 2011 10:24 am

rhight wrote:Good morning all. The market was falling so fast this morning that...Anyways, note that the Negative Price Reversal to 1087 was confirmed today, meaning down trend still in place (duhh!). When price reversals don't confirm (from my experience) it is a good indication that the trend is reversing (in the applicable time frame). At any rate, 3 accelerations in trend line sometimes precede a reversal. Projections made on 9/25 weekend watering hole still stand. Those pointed to a 1065 low on 10/5. Time will tell....

Very impt u post here “When price reversals don't confirm”
More on yr materials/staples ratio later
thx

BullBear52x · Post by **BullBear52x** » Tue Oct 04, 2011 10:26 am

I hope Uncle Ben can spell QuEasi

agnosia · Post by **agnosia** » Tue Oct 04, 2011 10:27 am

bushwaffle wrote:Europeans headed lower toward close...this rally should be sellable.

slaughter there. down near 3-4% across all

http://finance.yahoo.com/intlindices?e=europe

KENA · Post by **KENA** » Tue Oct 04, 2011 10:28 am

In addition to XLF another has hit my radar..Watch VMW, bite off a little now and more later if it moves.These are not day trades.Swing trades.Lets see.

99er · Post by **99er** » Tue Oct 04, 2011 10:28 am

SPX
Bullish Butterfly.
http://99ercharts.blogspot.com/2011/10/spx_8429.html

EvilTrader · Post by **EvilTrader** » Tue Oct 04, 2011 10:31 am

have to agree with a bottom of some kind right now.

A *strong* rebound is more than due, even if more downside ahead.

wouldnt be surprise if we close in green today.

EvilTrader · Post by **EvilTrader** » Tue Oct 04, 2011 10:32 am

Also, VIX no supporting the downside today.

Grizzly · Post by **Grizzly** » Tue Oct 04, 2011 10:33 am

IWM closed morning gap 15 minutes ago, SPY still getting off the floor.

Mr. BachNut · Post by **Mr. BachNut** » Tue Oct 04, 2011 10:34 am

Covered 1/2 of my short this morning for a profit.
Thesis of breaking August lows has been satisfied so it is time to ring the register.
The stops have been run pretty good and things seem a little oversold. IMHO either a bounce or a complete breakdown is in order.
Keeping 1/2 short for now because: trend is down, good chance lower low ahead, if breakdown occurs want to ride.
If we get an oversold bounce, I may reposition short again later in week, depending on how things look.

Grizzly · Post by **Grizzly** » Tue Oct 04, 2011 10:35 am

Still no help from the BANKS. Not going much of anywhere W/O BANKS.

SB73 · Post by **SB73** » Tue Oct 04, 2011 10:35 am

I can't find a single divergence on a 15min chart. IMO too early to go long

Al_Dente · Post by **Al_Dente** » Tue Oct 04, 2011 10:37 am

kool aid update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244976875

jason_70 · Post by **jason_70** » Tue Oct 04, 2011 10:38 am

99er wrote:SPX
Bullish Butterfly.
http://99ercharts.blogspot.com/2011/10/spx_8429.html

Wow, someone has the guts man.

Just kidding.

Plan the trade and trade the plan, easier said than done.

Its not easy, but i try.

viewtopic.php?f=9&t=317&view=viewpoll

My downside ES targets are more or less met. Hence, i closed all my shorts and have partially gone long. Not saying we cannot go down further. Just that with so many divergences, it is hard to ignore them and be short. Playing safe is better than risking your principal IMHO. I am not sure if my decision is 100% correct or not, but i know how to save myself if market still insists on going the other way.

GLTA

BullBear52x · Post by **BullBear52x** » Tue Oct 04, 2011 10:39 am

TNA here since many of us probable gamble with me.
Asc triangle, I hope to see 200ma break up soon.

bushwaffle · Post by **bushwaffle** » Tue Oct 04, 2011 10:40 am

Al_Dente wrote:kool aid update
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244976875

I wish I could make heads/tails outta that chart. I like your summations much better.

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10/04/2011 Intraday Watering

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