11/15/2011 Intraday Watering

[simpletrader]

AAPL swing target,on 60 min ~ 391

good trade, I thought it will make another dip to 375 this morning, didn't buy at the open, been watching it. bullish falling wedge break out, confirm. may go to 50sma soon.

[waverider]

Trannies breaking the triangle up slightly... Per Bulkowski, these symmetrical triangles have a 54% chance of breaking out to the upside.

[soku]

me is simple trader. me only looks at ma. me just saw spx was fooling around the 200ma for the past couple days, while uup and tlt both trying 50ma.
pay attention to news guys. if italy got downgraded, we will see fireworks

[agnosia]

long 1245.5

[99er]

Careful honey...


A Black Diamond run coming up.

[Dow Trader]

Cup !!!

this is market is amazingly bullish biased, finding any excuse to be up.

I think this market not just want to go up, it just don't want to break down

[Mr. BachNut]

Riding pilot short position. So far, working better than expected.
I have been thinking SPY @ 126 +/- 2 trading range for the week. So, I like it when we are on the low side of that.
The intermediate term technicals I track got a little weaker yesterday. My mechanical model remains long, but the prospects for a negative signal change (perhaps next week) are improving.
Everyone seems to be watching this triangle formation, which makes me nervous about it. Too pat.
I think the pattern I trust more is the October to present head and shoulders on the NASDAQ. I think that completing or busting will have more reliable follow through than the triangle. Just a feeling.
I am seeing more bullishness out there, but liquidity seems thin and price action isn't aligning with commentary.
I continue to anticipate a clearer trade one way or the other after Opex.

[Petsamo]

I just sold into this rally

Me too. 125.5 short. Swing trade to 1200.

1200 seems too low, but good luck.

[uempel]

Update:

[BullBear52x]

Internal, bears should take today easily right at the moment or I'll be so disappointed

[jarbo456]

Update:

5.png

not the prettiest, but i like it. 1252'ish and 1240 seem to be key levels.

[jarbo456]

Internal, bears should take today easily right at the moment or I'll be so disappointed

be prepared to be disappointed. the bulls, once again, just took off.

[Al_Dente]

Bears need some volume here, if they want us to take them seriously
Here’s what that looks like across 6 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245360380

[Richarab]

news! Richarab sips drinks at Trader Vix! Appears tipsy!

[99er]

Ready honey?

http://server2.bezfishki.net/2010/01201 ... ini_10.jpg

Whee!

[stockcycle]

We may see some things different today: US markets gonna drag Europe ones.

[tdo722]

I just sold into this rally

Me too. 125.5 short. Swing trade to 1200.

1200 seems too low, but good luck.

If u aim for 1200 might as well go for 1155. )

[waverider]

I just sold into this rally

Me too. 125.5 short. Swing trade to 1200.

1200 seems too low, but good luck.

I concur, first of all we'd have to break out of the triangle to the downside. Second, we'd have to break the 50% retracement of 1222. Nice short entry BTW Petsamo.

[tdo722]

how the hell can we trade in this triangle? no direction whatsoever.

[jarbo456]

dollar index is looking pretty strong. bodes well for the bears.