04/04/2011 Intraday Watering

[uempel]

I once learnt "never short a boring market". But this market ain't boring, it's asleep...

[cletus]

You shouldn't chart these ETF's IMO.

A bull wedge in FAZ could be?

Agree it doesn't work that well for daily timeframes but smaller timeframes are ok. It is extremely important to chart every instrument someone trades to get volume at least, so I know there is resistance on FAZ at 41.77, easier to remember than tracking another index.

[cletus]

I once learnt "never short a boring market". But this market ain't boring, it's asleep...

Disagree. The market was very quiet before Feb 18th and then it tanked 100 S&P pts. All the phrase "don't short a boring market" means is that volatility is currently low and the trend is up, which is all true right now, and yes, until it changes, shorts won't make money, but to say a quiet market should never be shorted is kind of a meaningless statement. It's kind of like saying, the market has been up recently...it doesn't predict anything about future prices.

[AK84]

anyone got any thoughts on aapl? getting close to long term trendline at 334

[Netrom]

triangle in the 10min. chart

[PRI]

Public Service Announcement: Attention West Coasters

Latest forecast has all of California under radiation threat April 6, 7 — Shows levels as high as in Japan (VIDEO)
April 4th, 2011 at 07:41 AM

Fukushima Potential Releases, Xe-133 Total Column for April 4-April 7, 2011, Norwegian Institute for …Read More
2 comments
Canada suspends mobile radiation measurements around Vancouver, BC “until further notice” as radioactive cloud looms (VIDEO)
April 4th, 2011 at 06:46 AM

Nuclear Emergency Response, Health Canada, March 31, 2011 …Read More

http://enenews.com/

This is really alarming, I suppose that it is inevitable. Upon reading your post, I searched for more news on the web and it seems that most of it refers back to this same source. I live far away now, back on the east coast. However in the late '90s I lived in San Francisco and worked on the floor of the Pacific Options Exchange. I am deeply concerned for anyone who could be affected by this.

[BullBear52x]

You shouldn't chart these ETF's IMO.

A bull wedge in FAZ could be?

Agree it doesn't work that well for daily timeframes but smaller timeframes are ok. It is extremely important to chart every instrument someone trades to get volume at least, so I know there is resistance on FAZ at 41.77, easier to remember than tracking another index.

Bottoming process on FAZ

[Me XMan]

If Uncle Benny doesn't extend QE program, market will crash hard.
Uncle Benny balls are in a vise.

BTW, I'm looking to short market with daytrading SDS.

I once learnt "never short a boring market". But this market ain't boring, it's asleep...

[Cobra]

breakdown finally on the 4th touch. The market simply refuses to drop, not bearish.

[AK84]

Cobra,

How will the market react once ECB raises rates this week ? Its quite possible that they will by 25 basis points.

Still long ?

[cletus]

This is really alarming, I suppose that it is inevitable. Upon reading your post, I searched for more news on the web and it seems that most of it refers back to this same source. I live far away now, back on the east coast. However in the late '90s I lived in San Francisco and worked on the floor of the Pacific Options Exchange. I am deeply concerned for anyone who could be affected by this.

I don't think the radiation is at dangerous levels, according to what is understood now. My concern as a resident here is that the scientists think they know what is or isn't harmful, then they turn out to be wrong.

[Cobra]

I see support here.

[Cobra]

Cobra,

How will the market react once ECB raises rates this week ? Its quite possible that they will by 25 basis points.

Still long ?

No idea.

[PRI]

This is really alarming, I suppose that it is inevitable. Upon reading your post, I searched for more news on the web and it seems that most of it refers back to this same source. I live far away now, back on the east coast. However in the late '90s I lived in San Francisco and worked on the floor of the Pacific Options Exchange. I am deeply concerned for anyone who could be affected by this.

I don't think the radiation is at dangerous levels, according to what is understood now. My concern as a resident here is that the scientists think they know what is or isn't harmful, then they turn out to be wrong.

I agree, there is so much that is unclear.

[Cobra]

If Uncle Benny doesn't extend QE program, market will crash hard.
Uncle Benny balls are in a vise.

BTW, I'm looking to short market with daytrading SDS.

I once learnt "never short a boring market". But this market ain't boring, it's asleep...

I heard people say: If no QE3, it means the economy is good now so stock market will keep rising until Galaxy far far away.

[Cobra]

And if there's QE3, then too much free money, so stock market will sure rise. In either cases, stock market will rise, and we are destined to retire earlier. All of us.

[cletus]

FAZ at 39.57 and rising, +1.5% already on that position. Will apply some stops at some point here, but price objectives have not been met.

[Cobra]

support is clear on this chart. Not much to say, a small red only good for bulls. Bears must show strength to convince me on their side.

[BullBear52x]

Shorts pay attention to DBV, as long these cary trade is on, you can not sleep well.

[cletus]

Very poor volume in FAZ, yet it goes up. Bearish for the markets. high volume in FAZ is good news for the market (short ETFs work opposite in that high volume means market capitulation)