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09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:02 am
by Cobra
Gap down (well, finally, I thought this market never gaps down ever), but within yesterday's range so there're chances the gap gets filled. The global ES doesn't look good though, could be a Descending Triangle in the forming and since this is the 3rd test, so chances are it'd breakdown.
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:06 am
by jaijailyc
if it breaks down, it goes perfect with my "evil plan" haha
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:09 am
by Al_Dente
Morning boss, hope u r feeling better today
Aug personal income -0.1% (bear)
Personal spending +0.2% (at estimate)
Is today last day for window dressing? (I forget settlement etc)
IMF readying to issue bonds… sharks smell bailout?
Dow jones newswire excerpts on IMF at
http://www.zerohedge.com/news/imf-scram ... ue-bonds-0
Is this why germany so strong this week? because of German EFSF vote?
Compare EWG and $DAX to SPY this week
Oooops, germ not too strong today
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:10 am
by 99er
Good Morning.
So honey...it's the weekend. What should we do today?
ES
http://99ercharts.blogspot.com/2011/09/es_30.html
Hit the beach?
TGIF.
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:11 am
by BullTart
Watching the descending channel... yesterday's detonation at the end was quite a show. Luckily, I was sitting on enough profit-padding that I didn't enter some sort of panic and do something foolish.
Still all-in with TVIX- let's see what Mrs. Market shows us today!
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:14 am
by 99er
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:14 am
by laoguo
jaijailyc wrote:if it breaks down, it goes perfect with my "evil plan" haha
what is your evil plan?

Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:15 am
by Richarab
good morning all
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:19 am
by Al_Dente
BullTart wrote:Watching the descending channel... yesterday's detonation at the end was quite a show. Luckily, I was sitting on enough profit-padding that I didn't enter some sort of panic and do something foolish.
Still all-in with TVIX- let's see what Mrs. Market shows us today!
Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:19 am
by PLUNGE
I love your charts and comments! Do you have a number for a RUT target low based on your work?
TIA.
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:21 am
by Petsamo
The German DAX is very close to a gap fill.
If we sell off in the first two hours, it'll be to assist the DAX fill its gap before the move up. To monitor the DAX in real time,
here's livecharts.co.uk.
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:22 am
by jaijailyc
I have been commenting in the daily blogs.
From Wednesday: "I see some green tomorrow or friday, but I believe the market will be significantly lower (1100 area) by next week."
Of course this is not written in stone but as of today I have not changed my mind yet. However, I am a "very" short term trader so, basically using that I would short the bounces and take profits whenever. I added to SPXU after market yesterday and just sold that portion premarket now. Still holding to the shares I bought at yesterdays gap up though.
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:23 am
by cougar
GM Cobra! Nice commentary! Impatiently waiting for your "weekend report witness"!
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:24 am
by BullTart
Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up
Ok AlDente, let me know if your dog still growls!

Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:25 am
by cougar
AMZN 30 min update:
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:27 am
by newbie_77
cougar,
is it time to short amzn?
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:28 am
by Al_Dente
BullTart wrote:Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up
Ok AlDente, let me know if your dog still growls!

i love black swan
my dog "Puts" head twisted, not sure yet what he thinks
THANK YOU
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:28 am
by jaijailyc
BullTart wrote:Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up
Ok AlDente, let me know if your dog still growls!

I have to agree, this avatar is a lot better haha. The previous avatar was a disturbance.
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:28 am
by 99er
Re: 09/30/2011 Intraday Watering
Posted: Fri Sep 30, 2011 9:29 am
by cougar
AMZN, 60 min, with nested envelopes and MM.
2 interesting things:
1. Same strong support for both charts = 210
2. In spite of the down trend, Money Flow and Vol. Avg. are quite optimistic