08/17/2011 Intraday Watering

[Cobra]

fib and resistance info, still find hard to believe yet again another one legged down.

[Al_Dente]

Long XME 56.74; I have to hold for 3 days; I'm using unsettled funds.

Ouch petsamo. You should be able to open a margin account, then you can sell whenever you dammmm want (unless it's IRA). No, you DON'T have to load up on margin, they just charge you a few dollars margin interest if you sell before settlement.

[Cobra]

the is the 3rd intraday pullback, the previous 2 only had 1 leg, I don't believe this one has only 1 leg again. after all it's still the Earth, law of inertia should apply.

Does that mean you think we'll probably retest today's highs (or at least 1200) before coming back down and forming a double bottom? Is it safe to say the rebound is over and we're on the second leg down?

test today's high? then it's not 2nd leg down. the 2nd leg down should make an intraday new low.

Or you mean 2nd leg down on daily chart to test 08/09 lows? I don't know if it has started yet.

When I don't say "bigger picture", I always mean intraday, applies to day trade only.

[Me XMan]

What's your target for SPX end of week and 1-2 weeks out?

once more time buy that dip, be greedy when others are fearful. old man said it.

[BullBear52x]

What's your target for SPX end of week and 1-2 weeks out?

once more time buy that dip, be greedy when others are fearful. old man said it.

this is what I have in mind, 127 is current max pain. 123 50% fib at least by Friday with fingers cross

[Tabby]

Long XME 56.74; I have to hold for 3 days; I'm using unsettled funds.

Ouch petsamo. You should be able to open a margin account, then you can sell whenever you dammmm want (unless it's IRA). No, you DON'T have to load up on margin, they just charge you a few dollars margin interest if you sell before settlement.

With less than 25K,only 3 trades per 5 bussiness day (for daytrading). He still needs to wait 3 days for 4th trade unless he buys it before or after market hours.

[The Hook]

Risk assets are 100% correlated with the euro again

[noname668866]

the is the 3rd intraday pullback, the previous 2 only had 1 leg, I don't believe this one has only 1 leg again. after all it's still the Earth, law of inertia should apply.

Does that mean you think we'll probably retest today's highs (or at least 1200) before coming back down and forming a double bottom? Is it safe to say the rebound is over and we're on the second leg down?

test today's high? then it's not 2nd leg down. the 2nd leg down should make an intraday new low.

Or you mean 2nd leg down on daily chart to test 08/09 lows? I don't know if it has started yet.

When I don't say "bigger picture", I always mean intraday, applies to day trade only.

Thanks

[BullBear52x]

once more time buy that dip, be greedy when others are fearful. old man said it.

Old man wants to pay more taxes. You should follow that too.

[Cobra]

once more time buy that dip, be greedy when others are fearful. old man said it.

Old man wants to pay more taxes. You should follow that too.

before paying the tax, you can donate to me, get some tax credit?

[Al_Dente]

Long XME 56.74; I have to hold for 3 days; I'm using unsettled funds.

Ouch petsamo. You should be able to open a margin account, then you can sell whenever you dammmm want (unless it's IRA). No, you DON'T have to load up on margin, they just charge you a few dollars margin interest if you sell before settlement.

With less than 25K,only 3 trades per 5 bussiness day (for daytrading). He still needs to wait 3 days for 4th trade unless he buys it before or after market hours.

That sucks Tabby

[v1stock.com]

ETF - 52 Week HighsWednesday, Aug 17th, 2011

BWX Barclays Intl Treasu
CYB Dreyfus Chinese Yuan
DBP DB Precious Metals
ITM Intermediate Muni
PHYS Sprott Physical Gold

junk bonds up ok today
spy - down

[fuddleduddle]

Wow, S&P sure is ballsy these days.

[Al_Dente]

Okay, flag up to 20ema on 5m, now how far down.
Every oscilator in creation is turning down at the 50.
Gotta be bear for the moment.

[Anaconda]

Bear flag on the daily. Theoretical target 118.50.

[v1stock.com]

spy - psar sell on 5min also - erx-

[Cobra]

testing the day low, but I'm not convinced that the 2nd leg down is over now, seems too short.

[BullBear52x]

once more time buy that dip, be greedy when others are fearful. old man said it.

Old man wants to pay more taxes. You should follow that too.

before paying the tax, you can donate to me, get some tax credit?

That's one formula how to create growth from Washington, tax the rich, cutting tax never proven to create more jobs any how, yes we can!

[heavenskrow]

Long XME 56.74; I have to hold for 3 days; I'm using unsettled funds.

i hate how they make us do that.....sigh

[George H]

High to low almost 20 points. Enough damaged done to call it a top for this bounce?