06/28/2011 Intraday Watering

[bbc]

i can see the sellers making a stand at /es 1292. there are 6K sellers there waiting... highly doubt the bulls get through that level.

could be bait and switch, IOC orders flashing.

yep. true.

nice call for CL, but I did not long, I longed some GC, but commodities is so weak recently even DX dropped a lot today:(

[agnosia]

Step Right Up...

Greece live.

http://www.zerohedge.com/article/stream ... ral-strike

if u guys want i can translate during the vote since my both my parents were born there and i can speak it pretty well. that'll give us an edge

[Cobra]

I checked, the vote is today. see 06/27 post, it said tomorrow 2pm, which is today.

http://www.bloomberg.com/news/2011-06-2 ... trike.html

[Cobra]

well, at least fulfilled my call, i see only 1 leg down though. no idea about what the market is doing now.

a little bit bigger picture, the very first pullback usually is buy, I expect at least one more push up after the pullback.

[agnosia]

nice call for CL, but I did not long, I longed some GC, but commodities is so weak recently even DX dropped a lot today:(

thanks. even /cl had trouble reaching its target today ... normally the guys on the floor fill the gaps a lot more aggressively. not sure what's up with the commodity complex.

i am waiting for gold to correct down to 1440 to go long.

[Cobra]

here's what i mean a little bit bigger picture.

[BillyRipken]

I agree with sell the news. Maybe gap up and sell. If day ends negative commentators say "oh well this really does not fix anything and traders know can is kicked down road, plus QE ending in a couple days. Then once everybody goes short they jack it up again for end of month.

[PRI]

I have been trading the RUT/IWM this week and practically EVERY indicator that I monitor says this thing
is due for a decent sell off imminently. Most likely a sell the news reaction. The things that I monitor have
a very high predictive value. I am a former options MM on the CBOE and have been using the same indicators
for years.
FWIW

[millie]

Have you a chart of the phantom bar (down) please?
Thanks

[99er]

Honey, tonight might be fun.
ES http://99ercharts.blogspot.com/2011/06/es_7661.html
Should be a riot.

Have a good one!

Edit:

http://99ercharts.blogspot.com/2011/06/es_8542.html

[cheech]

I have been trading the RUT/IWM this week and practically EVERY indicator that I monitor says this thing
is due for a decent sell off imminently. Most likely a sell the news reaction. The things that I monitor have
a very high predictive value. I am a former options MM on the CBOE and have been using the same indicators
for years.
FWIW

Maybe that's good for a pullback but not an imminent trend change. A couple things are working for bulls in the next week.

-- A lot of bears who shorted near the lows are now trapped and eager to get out, which creates a price floor
-- Seasonality is unquestionably bullish for the next 5 days or so
-- Beginning of the month tends to be somewhat bullish although recently it only lasted a day or two

I'd be patient if someone wants to load up short. We're not there yet.

[KENA]

I have been trading the RUT/IWM this week and practically EVERY indicator that I monitor says this thing
is due for a decent sell off imminently. Most likely a sell the news reaction. The things that I monitor have
a very high predictive value. I am a former options MM on the CBOE and have been using the same indicators
for years.
FWIW

Thanks..I will be watching for it.

[jamesmith]

here's what i mean a little bit bigger picture.

oh wow~ this plan is sooooooooooooo evil~~ :shock:

[Cobra]

well, guess that's it for today. no idea what's for tomorrow, just the very first pullback usually is buy. thank you guys, I'll see you tomorrow.

[davros]

thanks Cobra, .. and what a barnstorming close!