08/18/2011 Intraday Watering

[BullBear52x]

Bulls never be the same again after today. now that the low of 110 will almost guarantee to be tested, low risk should be on the evil side until then.

[Mr. BachNut]

Doing OK on the equity side. Was neutral looking to short a positive OpEx, but alas, it was not meant to be. Got beaten to the punch.
Getting crushed on Long Bond Short (TBT). Annualized CPI reported today was 6% (2.4% ex food and energy), and long bond yielding around 3.4%. Flight to safety trumps interest rate or deflation to kick in big.
Hooray for gold.

Have to agree with the Elliott Wavers and technical guys calling for new leg to bear market.

[Al_Dente]

The "Corey Cross" from yesterday was my spot-on sell signal. Too bad I didn't act on it yesterday.

http://stockcharts.com/h-sc/ui?s=SSO&p= ... =241847832

[BullBear52x]

My focus now aiming at 106ish

[soku]

-700k nfp and 8 std of philly. enjoy

http://www.zerohedge.com/news/scariest- ... m-payrolls

[WhyNot]

cobra

lower low after 10.30 . more selling to come right

Sorry but where's the lower low?

[soku]

more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.

it seems to me, this reading is fine. es is forming a rectangle in 1135-1145 area at this moment.
any body sharing anything? your reading, your thoughts, your pick? story from last night? anything, everything.

[parker]

it s time to show us 1220

[AK84]

i am having the BESTTTTTTTTTTTTTTTTTTT trading day in the longest time!!! Not holding 1 single long and all short and alll GREEEEEEEEEEENNNNNNNNNNNNNNNNNNNNNNN

I loveee greeen!!!

Although as much as I love green , I really hope the DAMN ECONOMY does not collapse because all my greeen is gonna be worth NOTHING if the dollar continues to be poo poo!!!! I prefer playing the long side !!

GLTA!

[Anaconda]

Anyone else see the ghost to 119.67?

[nonabear]

Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short

Thanks

[Me XMan]

SPX 1060? Now you're swinging to other side.
I still think SPX 1100 will be before Jackson Hole.

My focus now aiming at 106ish

[stingrey]

i am having the BESTTTTTTTTTTTTTTTTTTT trading day in the longest time!!! Not holding 1 single long and all short and alll GREEEEEEEEEEENNNNNNNNNNNNNNNNNNNNNNN

I loveee greeen!!!

Although as much as I love green , I really hope the DAMN ECONOMY does not collapse because all my greeen is gonna be worth NOTHING if the dollar continues to be poo poo!!!! I prefer playing the long side !!

GLTA!

Everytime I saw that, I should have gone to cash as soon as I posted...

[heavenskrow]

I think we are heading higher....though this bear flag doesnt look good for bulls

[Al_Dente]

Only six gainers in the S&P 500. FAZ up 7 points. Wow

[trader0303]

more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.

it seems to me, this reading is fine. es is forming a rectangle in 1135-1145 area at this moment.
any body sharing anything? your reading, your thoughts, your pick? story from last night? anything, everything.

Forming a wedge now? More downside on the way I think....

[BullBear52x]

SPX 1060? Now you're swinging to other side.
I still think SPX 1100 will be before Jackson Hole.

My focus now aiming at 106ish

we are clearly below 5dma, so sell the rips is on. watching bear flag to unfold here.

[Cobra]

looks like a Bear Flag for now.

[KENA]

more reading of the market: es 1135-1145 area was the last heavily traded area. if bulls cannot hold here, we could see spike to at least 1110.

it seems to me, this reading is fine. es is forming a rectangle in 1135-1145 area at this moment.
any body sharing anything? your reading, your thoughts, your pick? story from last night? anything, everything.

Back from Breakfast...Watch the UTIL (DJU).It got dn to 415 and bounced up.If it breaks 415 with some force.The mkt will go dn fast.We have some support on the way dn below 1140 .The big support is at 1100.Just something to watch.

[Me XMan]

Cramer...Cramer...

An on-air debate between CNBC's Jim Cramer and Simon Hobbs over European banks gets testy. Cramer said traders have to consider the possibility that this is a Lehman moment, and Hobbs cried foul, arguing that even the suggestion of a Lehman moment could cause markets to convulse. Hobbs to Cramer: "You told people to buy Bear Stearns!"