09/12/2011 Intraday Watering

jarbo456 · Post by **jarbo456** » Mon Sep 12, 2011 2:35 pm

wow!

where the hell did that come from?!

Petsamo · Post by **Petsamo** » Mon Sep 12, 2011 2:36 pm

We got good news somewhere.

BullTart · Post by **BullTart** » Mon Sep 12, 2011 2:36 pm

Cashed profits out of my TVIX longs... didn't like that last spike. Whew! that was close!

Will wait to see what happens next.

Be4chst · Post by **Be4chst** » Mon Sep 12, 2011 2:38 pm

Where did that come from?
Something must have happened!

stucap · Post by **stucap** » Mon Sep 12, 2011 2:41 pm

auger wrote:Not sure the chances of a reversal, but possible near term falling wedge forming in SPY
SPY_FW.png

The way this market has been trading, I wouldn't be surprised to see the market jam up to your target in the next hour and then tank back to the lows in the final half hour of trading.

The bullish algos see a pattern, they buy buy buy buy (as in no red permitted on any chart) until they get to the minimum target and then dump like a game of hot potato....

levidecap · Post by **levidecap** » Mon Sep 12, 2011 2:42 pm

jarbo456 wrote:wow!

where the hell did that come from?!

I said the bulls where fighting back 15mins back

janez · Post by **janez** » Mon Sep 12, 2011 2:43 pm

Nice. entertaining the long side again!

fulkdaddy · Post by **fulkdaddy** » Mon Sep 12, 2011 2:43 pm

Italy in talks with China regarding buying

their bonds. Maybe China will buy the Vatican.

BullBear52x · Post by **BullBear52x** » Mon Sep 12, 2011 2:43 pm

sell the rally push the evil button here.

jarbo456 · Post by **jarbo456** » Mon Sep 12, 2011 2:43 pm

levidecap wrote:
jarbo456 wrote:wow!

where the hell did that come from?!
I said the bulls where fighting back 15mins back

hmmm...really looks like news based movement...but nothing came out. you're saying you saw this on the 15 minute?

doom · Post by **doom** » Mon Sep 12, 2011 2:44 pm

vwap reversal on the spy's.

Sleeperz · Post by **Sleeperz** » Mon Sep 12, 2011 2:45 pm

Greece default or Greece bailout coming.

FRANKFURT (MarketWatch) -- Greece's creditors are set to approve the next tranche of Greece's bailout after the Greek government said a new tax would provide 2 billion euros ($2.7 billion) in additional revenues, Dow Jones Newswires reported Monday, citing two International Monetary Fund officials. The officials dismissed speculation of an impending default, the report said, but added that it remains crucial that Greece meet promises to shrink its public sector and tackle tax evasion. Without the aid tranche, which is part of the 110 billion euro bailout plan approved last year, Greece would likely run out of money within weeks. The Greek government is expected to meet with a review team from its creditors -- the IMF, European Union and European Central Bank -- this week, resuming talks that were suspended earlier this month.

http://www.marketwatch.com/story/greece ... 2011-09-12

seekingknowledge · Post by **seekingknowledge** » Mon Sep 12, 2011 2:45 pm

jarbo456 wrote:
levidecap wrote:
jarbo456 wrote:wow!

where the hell did that come from?!
I said the bulls where fighting back 15mins back
hmmm...really looks like news based movement...but nothing came out. you're saying you saw this on the 15 minute?

Short squeeze only and then down again??

BullBear52x · Post by **BullBear52x** » Mon Sep 12, 2011 2:46 pm

why good sell here? lookie here

levidecap · Post by **levidecap** » Mon Sep 12, 2011 2:49 pm

jarbo456 wrote:
levidecap wrote:
jarbo456 wrote:wow!

where the hell did that come from?!
I said the bulls where fighting back 15mins back
hmmm...really looks like news based movement...but nothing came out. you're saying you saw this on the 15 minute?

not on the 15 min chart, I'm currently watching 15sec AAPl and 15 sec SPY charts. when I did the post above it was about 15mins previously that I posted about bulls fighting back and wondered if anybody had incite if it was new money or simply HFT algo pushing things quickly higher.

StrikePrice · Post by **StrikePrice** » Mon Sep 12, 2011 2:49 pm

auger wrote:
StrikePrice wrote:I see a ray of hope for the Bulls. Ending Diagonal/ Falling Wedge on 5-minute and the (21,3) Bollinger Band turned up on the 1-hr. Plus against the right side on the down channel. Going into close they need a breakout and lots of UP UP in order to carry it into overnight. Otherwise, I stay short.

Added Chart

Nice chart, I should've looked before I posted.

Only minutes apart.

agnosia · Post by **agnosia** » Mon Sep 12, 2011 2:50 pm

stucap wrote:
auger wrote:Not sure the chances of a reversal, but possible near term falling wedge forming in SPY
SPY_FW.png
The way this market has been trading, I wouldn't be surprised to see the market jam up to your target in the next hour and then tank back to the lows in the final half hour of trading.

The bullish algos see a pattern, they buy buy buy buy (as in no red permitted on any chart) until they get to the minimum target and then dump like a game of hot potato....

exactly. real drop, if it's gonna happen, won't be until end of week.

BullBear52x · Post by **BullBear52x** » Mon Sep 12, 2011 2:50 pm

the action like what we just have here will shake the new bears out in no time

tough skin bears are ones will enjoy a gap to follow.

rupert · Post by **rupert** » Mon Sep 12, 2011 2:57 pm

Rumour doing the rounds according to ZH that china to bail out europe...Hence the spike...

jarbo456 · Post by **jarbo456** » Mon Sep 12, 2011 2:58 pm

BullBear52x wrote:the action like what we just have here will shake the new bears out in no time tough skin bears are ones will enjoy a gap to follow.

well that didn't last too long. lol

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09/12/2011 Intraday Watering

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