09/22/2011 Intraday Watering

[Mr. BachNut]

Looks like the August 19-23 lows is the support zone for the S&P. I imagine there are sell stops below there to take the index below the August 9 low if the support doesn't hold. Should be a battleground.

Worth noting that the NASDAQ, which has been solid for awhile, has not made a lower low and looks like this is just a correction.

It would be nice if these indexes would align better...

[BullBear52x]

Wedge, break down below I am looking at 50% fib 102 ish. time to get greedy.

[heavenskrow]

Guys the 30 year TARGET is almost there in bonds!!

Cheers -- so that does mean you're going to short it?

No.. once ZB reaches that target, ill sell my TMF and then short the 2 year treasuries once the massive wedge breaks

[heavenskrow]

Guys the 30 year TARGET is almost there in bonds!!

Nice CNBC chart, heavenskrow. Seriously though, good chart. Also, how about that copper?

thanks! CNBC???? wtf? lol Copper is toast today officially. bear market here we come...

BTW dow transports also confirmed death today.

[soku]

some scary rumor

Goldman Is About To Be Stopped Out On Tactical EURUSD Trade
http://www.zerohedge.com/news/rumor-fx- ... urusd-trad

[uempel]

Guys, just to remind you: if SPX goes below 1127/28 in September the move breaks the (bullish) monthly channel which began in March 2009...

[ultramarine]

Guys the 30 year TARGET is almost there in bonds!!

Cheers -- so that does mean you're going to short it?

No.. once ZB reaches that target, ill sell my TMF and then short the 2 year treasuries once the massive wedge breaks

Sounds like a good trade. What trading vehicle are you using for shorting the 2-year?

[finman66]

Good to know ... btw, thanks for sharing your charts I always look forward to seeing those ellipses

[heavenskrow]

Guys the 30 year TARGET is almost there in bonds!!

Cheers -- so that does mean you're going to short it?

No.. once ZB reaches that target, ill sell my TMF and then short the 2 year treasuries once the massive wedge breaks

Sounds like a good trade. What trading vehicle are you using for shorting the 2-year?

3x leveraged etf...I think it was TWOZ or something else....
-Not shorting yet however...

[shumushu]

Short 1126.75 /es stop 28.50

[KENA]

Wedge, break down below I am looking at 50% fib 102 ish. time to get greedy.

By your chart it does look like a good spot for the mkt to start a short term bounce.I may get a little more greedy and wait with you. Ha Lets see.

[nikman]

Guys the 30 year TARGET is almost there in bonds!!

Cheers -- so that does mean you're going to short it?

No.. once ZB reaches that target, ill sell my TMF and then short the 2 year treasuries once the massive wedge breaks

Heavenskrow, what do you use to short the 2 year treasuries? Thanks!

[knock]

EU close in 15 min.

[agnosia]

damn anyone else lose TOS ? not working for me

[jaaawf]

damn anyone else lose TOS ? not working for me

Had an issue for a moment, but its back online.

[johnnywa]

Cobra next resistance 1120 do you we reach it today

[newbie_77]

should i buy or sell now?

[uempel]

Reminder:

[BullBear52x]

damn anyone else lose TOS ? not working for me

yes, same here, log out and log back in still some problem but tradable.

[ultramarine]

Guys the 30 year TARGET is almost there in bonds!!

Cheers -- so that does mean you're going to short it?

No.. once ZB reaches that target, ill sell my TMF and then short the 2 year treasuries once the massive wedge breaks

Sounds like a good trade. What trading vehicle are you using for shorting the 2-year?

3x leveraged etf...I think it was TWOZ or something else....
-Not shorting yet however...

I see that TWOZ is a real ETF but it's not listed in Stockcharts.com.

http://www.etfchannel.com/symbol/twoz/

TBZ is 3x bear for 3-7 year. It's actually up today.