07/01/2011 Intraday Watering

[Mr. T]

Is there enough time for SPX to break the May 31st top? (1345)

At that point doesn't everyone jump on-board..... and the bulls row boat capsizes?

[uempel]

Today might be a grand scheme to pull in all underinvested and shorts into the market, distribution next week. I posted this chart last week, I was missing the 3rd spike, now it's here...

[KENA]

Ya...I need a transfusion.

[Cobra]

Today might be a grand scheme to pull in all underinvested and shorts into the market, distribution next week. I posted this chart last week, I was missing the 3rd spike, now it's here...

SPX11.png

wow, are you attacking now? or still wait?

[dmid]

Staying Short over the weekend...

[Cobra]

still looks like an exhaustion bar to me.

[stingrey]

Hi All,

This is my first post to this excellent board...have been reading an learning a lot...(Cobra, you're a dynamo!!!...nice work)

Here is a post that stood out in my mind from last week...excellent call!

<<Re: 06/23/2011 Intraday Watering
by trust_yr_instinct » Thu Jun 23, 2011 1:17 pm

careful bears ! you have end of quarter end ( Q2 ) next week and only 4 days left to cover your very profitable positions for the quater, ( cover now while you can not when you HAVE to ) PMs and big Hedge fund managers will HAVE to mark up things next week for their performance bonus to kick in, and as we saw in the past ( ie esp march 2011 ) performance chasing, bonuses and the Q END numbers matter more than " ALL ELSE " ...even the nuclear problems in march didnt stop them from bringing the market back up into Q1 end... so ? what happens if everyone has to chase in the next few days !!>>

[Cobra]

now I only hope we can close high of the day. yeah, that'd be perfect. up up up ole' ole' ole', up up up ole' ole' ole', up up up ole' ole' ole', up up up ole' ole' ole'

[Cobra]

hmm, VIX looks snakee...

[uempel]

Today might be a grand scheme to pull in all underinvested and shorts into the market, distribution next week. I posted this chart last week, I was missing the 3rd spike, now it's here...

The attachment SPX11.png is no longer available

wow, are you attacking now? or still wait?

Not sure yet. Here a chart which shows 44 as a target...

[shumushu]

CAN THIS BE REAL, I SAW A RED CANDLE BAR!

[uempel]

hmm, VIX looks snakee...

Yeah, good.

[Cobra]

CAN THIS BE REAL, I SAW A RED CANDLE BAR!

no, it's not real, you're dreaming. go back to your sleep.

[cheech]

Look at them buy puts, as if they know something bad will happen in the near future. Look at that VIX pop.

[babaro22]

Weekly DMI has turned positive! Correction is over!

http://babaro22.blogspot.com/

[Cobra]

Look at them buy puts, as if they know something bad will happen in the near future. Look at that VIX pop.

but i still prefer a high of day close. pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[cheech]

Guess it's too obvious to be true.

[uempel]

Look at them buy puts, as if they know something bad will happen in the near future. Look at that VIX pop.

but i still prefer a high of day close. pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

I'm still waiting for the top...

[StrikePrice]

I think that was the 1st "breakdown" of the entire day.

What a show the Bulls put on.

Now everyone will go buy lots of stuff over the weekend with money the market is just going to take away next week.

[Cobra]

Look at them buy puts, as if they know something bad will happen in the near future. Look at that VIX pop.

but i still prefer a high of day close. pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

I'm still waiting for the top...

I think everybody starts to sell now, because too much profit for the long weekend, anything can happen, so don't think it'll reach your target today.