08/30/2011 Intraday Watering

[EvilTrader]

I see a SPY phantom bar down to 119 range @5min.

[frankthetank]

i bought TZA 41 calls last night before the bell. Nice

[soku]

consumer confidence bad, triggered the sell off.
i think there are some good size stop at 1194.5. if broken we may see 1180

[wwroller]

Sorry if this is a noob question, but can someone speak for a second to explain the 10:00 phenomenon with the heavy spike down then up in the same minute?

[uempel]

Update:

[Cobra]

no comments, I'll wait for the dust to clear first.

[uempel]

Sorry if this is a noob question, but can someone speak for a second to explain the 10:00 phenomenon with the heavy spike down then up in the same minute?

Consumer confidence was bad.

[jarbo456]

no comments, I'll wait for the dust to clear first.

bulls fighting the data and the phantom bar. lol

[uempel]

consumer confidence bad, triggered the sell off.
i think there are some good size stop at 1194.5. if broken we may see 1180

I've got good support at 1179...

[soku]

consumer confidence bad, triggered the sell off.
i think there are some good size stop at 1194.5. if broken we may see 1180

I've got good support at 1179...

so we r competing for 1 point. let's see who will win yeah!!!
an unconfirmed system. just posting for fun. it has bad repainting problem

[AK84]

The stop on the PCLN trade I mentioned earlier is 515.00

Additionally, as I mentioned yday, I am still holding long puts on GOOG , CMG , NFLX.

Will close or exit the trade as I deem fit. As of now , im doing quite alright!

[silicon_beaver]

metals are in green. AG, SVM,
But banks in red.

[AK84]

Mr. Goldman's take on Fed's imminent QE program

http://www.zerohedge.com/news/goldman-p ... minent-qe3

While I beleive the Fed will do something, I don't think it will happen for a while. Printing money is going to generrate massive debates and possibly even consumer unrest. But the Fed will do some sort of Asset purchase....but not if the market goes up on the "HOPE" of QE into Sep 20....that would then defeat the purpose of the Fed engaging in QE.

Anyways.....interesting read nonetheless....

As you can tell, its a slow day at work today

[frankthetank]

these bulls are fighting for the life

[BullBear52x]

bear flag

[jarbo456]

no comments, I'll wait for the dust to clear first.

bulls fighting the data and the phantom bar. lol

looks like the phantom bar is just that...a phantom.

[wwroller]

Sorry if this is a noob question, but can someone speak for a second to explain the 10:00 phenomenon with the heavy spike down then up in the same minute?

Consumer confidence was bad.

Thanks.
I understood that, but I just wonder what makes a very large drop and a very large recovery happen within the same minute like that (a single 1-min candle with a gigantic tail, if you will). I assume it must have to do with autobot systems etc, but that's just a guess and if there's more to it than that I thought I'd ask.

[jarbo456]

these bulls are fighting for the life

so much buying interest on this headline induced drops. disgusts me.

[BullBear52x]

buy program is kicking in big now.
fade the ticks? both registered <-1000

[frankthetank]

just went short gold for a scalp.