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05/25/2011 Intraday Watering

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Cobra
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Re: 05/25/2011 Intraday Watering

Post by Cobra »

viewer wrote:Cobra, this is the Momorial week. Should be bullish, right?

see my weekend report. should be next week strong.

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zazusays
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Re: 05/25/2011 Intraday Watering

Post by zazusays »

Based on the Inv H&S bottom on the 15 min chart looks like a move to 133.50 is imminent. However needs to clear this am's high. :P
isothermal
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Joined: Thu Feb 24, 2011 11:38 am

Re: 05/25/2011 Intraday Watering

Post by isothermal »

Cobra wrote:
isothermal wrote:SPY p/c ratio is 2.73 now. It was 1.3 yesterday around this time.

Does this mean we're going to see higher high tomorrow?
I noticed huge index call today. no idea what it means.
Thanks. Found this chart in your chartbook:
http://stockcharts.com/def/servlet/Favo ... 97]&disp=P

Judging by the first two indicators on the chart, it looks like we're near an intermediate term bottom, much like the one in middle March.
cougar
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Joined: Fri May 20, 2011 9:25 am

Re: 05/25/2011 Intraday Watering

Post by cougar »

Cobra wrote:here comes the retest of the morning high finally.
I think that this “rampo” started too early in the afternoon. However, if THEY can keep it going and close above yesterday’s high (1323.72), it would confirm the solidity of the Sq. of 9 support posted this morning (~1315). An UP continuation tomorrow should be then expected.
pablorynx
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Re: 05/25/2011 Intraday Watering

Post by pablorynx »

Cletus, re: your comment on MMs buying calls

usually that is a bearish trade as MMs will not usually buy calls naked/outright but instead with delta against them. Those trades make money when the mkt sells off, not rally.
cletus
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Re: 05/25/2011 Intraday Watering

Post by cletus »

I have bought some preliminary puts on SLV and ZSL. But not big positions. Tomorrow will be bigger, especially if I see a reversal.
cletus
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Re: 05/25/2011 Intraday Watering

Post by cletus »

pablorynx wrote:Cletus, re: your comment on MMs buying calls

usually that is a bearish trade as MMs will not usually buy calls naked/outright but instead with delta against them. Those trades make money when the mkt sells off, not rally.
That sounds right. I stand corrected.

But I am somewhat bullish on the markets right now, so I don't know.
FJoe
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Re: 05/25/2011 Intraday Watering

Post by FJoe »

Cobra,

Will you be Long or short going into tomorrow? Bias for me is up. Thanks.
uempel
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Re: 05/25/2011 Intraday Watering

Post by uempel »

SPX MA55 at 1324.22, bulls will try to end the day above this level, as the 55 moving average is considered a mayor signal.
rola
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Re: 05/25/2011 Intraday Watering

Post by rola »

Hello from Slovenia, I am just testing

Rola
uempel
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Re: 05/25/2011 Intraday Watering

Post by uempel »

If bulls manage to break the DMA 55 at 1324.22 this market might have turned to the upside...
SPX7.png
cougar
Posts: 1914
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Re: 05/25/2011 Intraday Watering

Post by cougar »

An AAPL a day
Keeps the Bernank away:
http://images.investorshub.advfn.com/im ... lnaapl.GIF
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soku
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Re: 05/25/2011 Intraday Watering

Post by soku »

buy bots kicked in. maybe higher
The goal is not uniformity. It is understanding and idea exchange.
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Cobra
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Re: 05/25/2011 Intraday Watering

Post by Cobra »

measured move target.
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Cobra
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Re: 05/25/2011 Intraday Watering

Post by Cobra »

more likely a consolidation or pullback here.
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Cobra
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Re: 05/25/2011 Intraday Watering

Post by Cobra »

the bigger picture: what I was most afraid of for bears may turn out to be true - a 2 legged up from here.
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uempel
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Re: 05/25/2011 Intraday Watering

Post by uempel »

Being short if the market closes above the DMA 55 is like wading through a river full of crocodiles :o ... DMA now at 3124.94.
SPX9.png
gabor
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Re: 05/25/2011 Intraday Watering

Post by gabor »

Cobra wrote:the bigger picture: what I was most afraid of for bears may turn out to be true - a 2 legged up from here.
Do you think this a garantee that no further drop tomorrow?
uempel
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Re: 05/25/2011 Intraday Watering

Post by uempel »

gabor wrote:
Cobra wrote:the bigger picture: what I was most afraid of for bears may turn out to be true - a 2 legged up from here.
Do you think this a garantee that no further drop tomorrow?
Guarantee? Come on Gabor, no guarantees in life...
chickencoop
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Re: 05/25/2011 Intraday Watering

Post by chickencoop »

uempel wrote:
gabor wrote:
Cobra wrote:the bigger picture: what I was most afraid of for bears may turn out to be true - a 2 legged up from here.
Do you think this a garantee that no further drop tomorrow?
Guarantee? Come on Gabor, no guarantees in life...

death and taxes are the only exceptions
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