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02/22/2011 Intraday Watering

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wxtrader001
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Re: 02/22/2011 Intraday Watering

Post by wxtrader001 »

Cobra wrote:OK, my little evil hatched plan for bears. For fun as I'm about to be outside for 30 min. :twisted:
En,let's see if it comes true. but in my opinion,it may be right with 1/3 possibility ,today's market is so violent with high volume,i just keep away.
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simpletrade
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Re: 02/22/2011 Intraday Watering

Post by simpletrade »

Added VXZ positions(55.38-55.55), think we have to see some reactions to middle east in the market, soon. Egypt was ignored so far. Too afraid to add VXX, and even VXZ could turn out to be very bad.
I think people have no where to put their money now(even PM is risky), buying risk is not a bad idea, in 1-3 month. My thinking, could very well be wrong.
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

So far my little evil plan goes almost as planed. I'll say a little rebound here, then another leg down at least. :evil:
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simpletrader
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Re: 02/22/2011 Intraday Watering

Post by simpletrader »

wxtrader001 wrote:
Cobra wrote:OK, my little evil hatched plan for bears. For fun as I'm about to be outside for 30 min. :twisted:
En,let's see if it comes true. but in my opinion,it may be right with 1/3 possibility ,today's market is so violent with high volume,i just keep away.

today's low will be broken .
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Me XMan
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Re: 02/22/2011 Intraday Watering

Post by Me XMan »

Looking like correction has started.
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wxtrader001
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Re: 02/22/2011 Intraday Watering

Post by wxtrader001 »

uempel wrote:I'm looking at 1338, not sure yet if I'll go short there.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

My long term charts (no link here) show tons of resistance at 1335/1345.
Did you short it?
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

Support.
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

I wouldn't think breakdown right now would be real, a little consolidation is needed here for bears. For bulls, no dip buying here, there should be another leg down even it rebounds right now.
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

The support is more clear on this chart, bear need a little consolidation here at least.
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

Off the record, if I'm a bulll (I'm neigher bull nor bear, I'm snake), I wouldn't worry too much here because VIX is well prepared for the drop, therefore we'll see a rebound as early as tomorrow. Remember, VIX rose 18%+ the next 80%+ up statistics?
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Me XMan
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Re: 02/22/2011 Intraday Watering

Post by Me XMan »

Support is probably at ES 1315-1320.
Bounce there and then another crapping out day.
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schmd2000
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Re: 02/22/2011 Intraday Watering

Post by schmd2000 »

Buy dip then
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99er
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Re: 02/22/2011 Intraday Watering

Post by 99er »

SPX
That's one down...
http://99ercharts.blogspot.com/2011/02/spx_9609.html
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trade2000
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Re: 02/22/2011 Intraday Watering

Post by trade2000 »

How low are we going?
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

trade2000 wrote:How low are we going?
No idea yet. If you agree this is a Rising Wedge breakdown, then the target should be the start of the wedge which is around 129.50. But I wouldn't dream that far nowadays. :roll:
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

Too bad, even the consolidation is weak. The very first rebound intraday would most likely fail, so you know how to trade now... :roll:
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99er
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Re: 02/22/2011 Intraday Watering

Post by 99er »

ES
Update on experimental S/R...
http://99ercharts.blogspot.com/2011/02/es_6698.html
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Cobra
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Re: 02/22/2011 Intraday Watering

Post by Cobra »

Rebound, I shall guess, but no safe buy dip here...
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nelsonbelchior
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Re: 02/22/2011 Intraday Watering

Post by nelsonbelchior »

Cobra wrote:Rebound, I shall guess, but no safe buy dip here...

Do you think it is going to go down more? Another leg down? :shock:
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Dow Trader
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Re: 02/22/2011 Intraday Watering

Post by Dow Trader »

first base target 1312( I warn about Gadaffi at first hour high) :D
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