04/06/2011 Intraday Watering

[Cobra]

cobra

time to go short ? lots of bearish engulfing candlesticks on many charts - PCLN , GOOG , AMZN , SOHU , OPEN , NFLX , etc.

what od u think ??

Well, I set a sell stop somewhere only if bears show further strength, would I then be a bear.

[Dow Trader]

99er,
did you see the 4 hours candle in Russell that started at today's high ?

[koolblue]

15 min intervals...

[AK84]

cobra

time to go short ? lots of bearish engulfing candlesticks on many charts - PCLN , GOOG , AMZN , SOHU , OPEN , NFLX , etc.

what od u think ??

Well, I set a sell stop somewhere only if bears show further strength, would I then be a bear.

but u are neither bull nor bear .. u are snakkeeeee cobraaaaaaa!!!!!

[koolblue]

retest over?...

[AK84]

is the short term trend down now ? or are we still buying the dips ?

helpppp . getting crushed on some longs today

[biotrader]

Gey guys... important level here I reckon.

[StrikePrice]

Green order flow picking up. The low for the day might have been in an hour ago.

Personally neutral on direction. Algos appear to be running the show IMO.

http://algofutures.com/wow-indices/wow- ... ing-chart/

[Cobra]

still hold on the support. critical time, let's wait to see if further breakdown or the low was it.

[BullBear52x]

If all are agreed that some form of TOP is in then what is better than the Fibo to tell us where the support should be before hell breaks lose. me think bigh fight is lie along the 78.6% area, what say ye?

[millie]

I am still expecting 1343 gap to fill before avalanche?
Views anyone pls?

[koolblue]

is the short term trend down now ? or are we still buying the dips ?

helpppp . getting crushed on some longs today

..That all depends on your timeframe .. if your holding for a few days you should be short from 133.80-134.00 for a short decline.. I am a very short term daytrader and im long here from 133.15 , exited half at 133.37 ,looking for exit of 133.50(expecting 133.54) on the rest.

[AK84]

is the short term trend down now ? or are we still buying the dips ?

helpppp . getting crushed on some longs today

..That all depends on your timeframe .. if your holding for a few days you should be short from 133.80-134.00 for a short decline.. I am a very short term daytrader and im long here from 133.15 , exited half at 133.37 ,looking for exit of 133.50(expecting 133.54) on the rest.

Thanks ! I do options on single stock names and try to find momentum trades ...usually trade the regular bunch - amzn, aapl , nflx, bidu , pcln , etc. so my holding period is usually 1-2 days MAX. i knew I should have closed all my calls before close yday ....bad move there

just confused on what to do now since most of the names above will probably close the day with a huge bearish engulfing that could be scary in the short term....

[koolblue]

i gave you the 12:00-12:10 cycle low earlier, remember? short term cycle top in about half-hour.

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/04/crude_1088.html

[koolblue]

small resistance expected here at 133.46, but still looking for 133.54 later with 133.80 not out of the realm of possibility...

[BullBear52x]

Bulls trap on SSO right where you about to buy and it turns on you, a clssic down trend characteristics.

[AK84]

i gave you the 12:00-12:10 cycle low earlier, remember? short term cycle top in about half-hour.

how do u know all this ? what kind of indicators are u using to predict cyucle low or high ?

im neither bull nor bear. also snake like cobra and i trade what i see

[99er]

Dow Trader: "99er,
did you see the 4 hours candle in Russell that started at today's high ?"

Thanks for pointing that out. Here's an updated chart:

http://99ercharts.blogspot.com/2011/04/rut_06.html

[koolblue]

i gave you the 12:00-12:10 cycle low earlier, remember? short term cycle top in about half-hour.

how do u know all this ? what kind of indicators are u using to predict cyucle low or high ?

im neither bull nor bear. also snake like cobra and i trade what i see

; been trading this way for 10 years now...