04/20/2011 Intraday Watering

[cletus]

Interesting how all the bulls on this forum only come out to speak on an up day but said nothing when the Dow was down 200 pts the other day. I'm not saying they're on the wrong side of the trade, but if you are the kind of person who only shows up when things go your way, that puts you in the troll camp.

Make valid arguments and post something meaningful or stay off the forum. That's my opinion, but anyone can post whatever mockery they want I guess.

[StrikePrice]

MACD on 15-min triggered for me, I'm in short now too.

Target I'm looking at is 132.40. Anyone else with targets?

[JTrader]

Tight range days after large unfilled gaps usually imply more upside in the short term.

[StrikePrice]

Tight range days after large unfilled gaps usually imply more upside in the short term.

True, but short week could mean selling to take profit on buying Monday morning.
No matter what I hope it's a profitable week for all.

[DCS]

Interesting how all the bulls on this forum only come out to speak on an up day but said nothing when the Dow was down 200 pts the other day. I'm not saying they're on the wrong side of the trade, but if you are the kind of person who only shows up when things go your way, that puts you in the troll camp.

Make valid arguments and post something meaningful or stay off the forum. That's my opinion, but anyone can post whatever mockery they want I guess.

Concur.

A wise sage wouldn't gloat over tough days for one camp, while disappearing on tough days for his own camp.

Godo trades to all!

[MajorEasy]

Last time when SPX jumped out of its consolidation period, went up 12 fold in 18 years from 1982 - 2000.

the U.S will soon join the third world in status and you think our stock market go up as well.....

[silverharp]

the pullback as I see it, this is futures not cash

[Cobra]

pullback as I said. I don't necessarily believe this is a double top breakdown, but you might want to know the text book target.

[cletus]

IYR at resistance (previous highs). Couple possibilities here: Triangle breakout, or ascending triangle if the bigger triangle fails. Will know in a couple days which it is.

[99er]

Copper
This sure looks like distribution to me.
http://99ercharts.blogspot.com/2011/04/copper_20.html
"BTFD."

[99er]

DCS: "Make valid arguments and post something meaningful or stay off the forum."

Should be a house rule. No opinions allowed unless accompanied by a chart.

[Kato]

BKX hit a low for the year ($50.19)

Makes the rally suspect IMHO. Shades of 2007/8.

[99er]

Did someone say BKX?

BKX: http://99ercharts.blogspot.com/2011/04/bkx_20.html

Got FAZ?

[Cobra]

I'd say chances are higher on the downside.

[BullBear52x]

watch MACD houlrly on ES, if it turn today, bears are safe today.

[99er]

Zero Hedge on SLV:

And now for the latest news in the silver meltup: SLV just moved to Hard To Borrow status at Goldman Sachs. This pertains to institutions who are Goldman Prime Broker clients. Soon coming to every prime broker near you. Comex margin hike imminent now that it is impossible to short the largest silver ETF in the world.

[StrikePrice]

BKX hit a low for the year ($50.19)

Makes the rally suspect IMHO. Shades of 2007/8.

Yes!

I just finished reading "The Quants" by Scott Patterson. Highly recommend it to everyone here.

Explains the August 2007 quant meltdown which lead the the global margin call and massive short squeeze that created the "fake" October 2007 top.

Btw...i don't lean either way, just trade what I see...and here's a chart.

[Cobra]

lunch time, i'll be BACC. the OR low will be the support I think it might be able to hold until I finish my lunch. then we'll see after I'm BACC.

[uempel]

Markets are at a really interesting spot:

[AK84]

lunch time, i'll be BACC. the OR low will be the support I think it might be able to hold until I finish my lunch. then we'll see after I'm BACC.

Cobraaa whats for lunch ? rats??