08/02/2011 Intraday Watering

KENA · Post by **KENA** » Tue Aug 02, 2011 3:57 pm

We got the 11900 and now we have a chance at 116oo/11500 next.First we may go up but maybe not much.

hdenandy · Post by **hdenandy** » Tue Aug 02, 2011 3:57 pm

Doubled up on Dow buy at 11871

Green day tomorrow - one hopes !

soku · Post by **soku** » Tue Aug 02, 2011 3:59 pm

soku wrote:tons of rumor:
margin calls for long liq, possible qe3.
i saw equity down, gold up

bill gross to be the president!

since his interview on cnbc around 3:15, i grab 10 points each on gc and es
my new line in sand is at 1246 es which happen to be spx 1250

99er · Post by **99er** » Tue Aug 02, 2011 4:00 pm

Post by **Cobra** » Tue Aug 02, 2011 4:02 pm

yeah, only closing bell would stop bears not futures of course. Thank you guys, I'll see you tomorrow.

Me XMan · Post by **Me XMan** » Tue Aug 02, 2011 4:07 pm

Gov't spending is 40% of GDP. When Gov't reduces spending, GDP will get cut and so stock markets.
More downside to come IMO. Expecting SPX 1000.

soku · Post by **soku** » Tue Aug 02, 2011 4:14 pm

8 straight down. worst since leh.
i am eager to read cobra's report. make sure to put together a good one

long live the bears

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