06/24/2011 Intraday Watering

[BullBear52x]

Thank you all, have a good weekend, so boring, carry small short positions over the weekend.

[Jennyahwu]

Cobra, ou mean you want it touch green line then reverse to close high? can we hold sds for weekend ? thanks

[AK84]

The problem with the bearish outlook is that it needs a trigger. It implies some kind of event, either with Greek debt or someting completely differrent, an unexpected incident. If this does not occur the market might keep on muddling through at this level, as the corporate results ain't that bad (yet) and the dollar is weak (and internationally operating companies are making tons of money).

Interesting that you would say this, given the rich history of market moves which were not precipitated by any events whatsoever (even though pundits always come up with their reasons afterwards). Just for kicks, you should look into the study of socionomics. Whatever your view of Prechter, et al, the research they've done is quite fascinating on the subject of event-driven market moves. vs mood driven ones.
Cheers,
A

what is ur email in engglish ?
Well, there are better books about behavioural finance than those by Prechter. Prechter is a great salesman, he reminds me of the Tea Party or of Karl Marx: a very ideological outlook which has a 38.2% rapport with reality...

can you recommend a good book on behavioral finance? Thank you.

you, send me an email, uempel has something for you. you can find my email at hutong9 茶馆，欢迎广告。

[Cobra]

good, let's see this H2 can finally bring me the end of day rally I planned...

[Wallstreetrader]

Euro

[AK84]

cobra what is ur email in english please?

i have something for u .
thanks

[Jennyahwu]

good, let's see this H2 can finally bring me the end of day rally I planned...

Cobra, do u expect teh reverse today? or you still thnk MOnday is down day? thanks

[HK88]

Come on, I have my headline ready here: "Wow, market closed up two weeks in a row"

[soku]

any plan / thoughts on weekend holdings?

[trust_yr_instinct]

No Need to buy now, let the weekend play out > But bears be very careful next week this is what your up against -
monday last day for june and q2 settlement to claim victory on your shorts
phanthom bar today points to higher levels next week
july earnings in 3 weeks ( do you want to be short into that?? ) you need to cover when you can
vix in backwardation has marked a tradable bottom within 2 days ( its there monday )
june and q2 end mark ups as they MUST get their bonuses ( look at last year...the last three days of june after sliding for 7 week...almost the same set up as now at the same time in the calendar
a nice woosh and high volume clean break of SPX 200 dma would be awesome to grab the stop losses, buy back shorts ( claim victory ) there and reverse things back up for window dressing ( and it DOES happen more often than not )

[Anaconda]

any plan / thoughts on weekend holdings?

I'll take the bait...

I continue to hold gold and silver short. I have light (25%) equity short for Monday (if we end lower today). And I continue to hold long USD positions.

Have a good weekend.

[Cobra]

too bad, rebound failed, now even bigger Descending Triangle is in the forming...

[Cobra]

cobra what is ur email in english please?

i have something for u .
thanks

peter_y_pan@hotmail.com

[KENA]

Thanks Cobra for the week of trading. I am holding short SPY over weakend.Have a great weekend everyone.

[Cobra]

good, let's see this H2 can finally bring me the end of day rally I planned...

Cobra, do u expect teh reverse today? or you still thnk MOnday is down day? thanks

not anymore.

[uempel]

Last look at this morning's chart:

[barbaragull]

Gee, after I nervously close my SDOW and reduced a little VIXY, and longed a little UYG, the drop which I have been waiting all day long finally comes. Guess I can be a signal

[BBFinance]

No Need to buy now, let the weekend play out > But bears be very careful next week this is what your up against -
monday last day for june and q2 settlement to claim victory on your shorts
phanthom bar today points to higher levels next week
july earnings in 3 weeks ( do you want to be short into that?? ) you need to cover when you can
vix in backwardation has marked a tradable bottom within 2 days ( its there monday )
june and q2 end mark ups as they MUST get their bonuses ( look at last year...the last three days of june after sliding for 7 week...almost the same set up as now at the same time in the calendar
a nice woosh and high volume clean break of SPX 200 dma would be awesome to grab the stop losses, buy back shorts ( claim victory ) there and reverse things back up for window dressing ( and it DOES happen more often than not )

good comment. point worth considering.

[Anaconda]

Cobra - I recognize your email now. Sorry but I deleted it as spam message not long ago. Hope it was not something personal/important! I will remove it from filter.

Thanks and have a good weekend.

[soku]

any plan / thoughts on weekend holdings?

I'll take the bait...

I continue to hold gold and silver short. I have light (25%) equity short for Monday (if we end lower today). And I continue to hold long USD positions.

Have a good weekend.

i have $ long too. i was slapped last quarter end. dare not hold big position over weekend.
thinking of volatility products now. maybe buy some vxx