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09/12/2011 Intraday Watering

Re: 09/12/2011 Intraday Watering

Postby Cobra » Mon Sep 12, 2011 3:28 pm

frankthetank wrote:thats true cobra. But the fact is 200 billion of exposure in just greece, ireland and portugal (financial sector). imaginge spain and italy what the us banks exposure is too the CDS market. That would basically wipe out 25% of an already depressed market cap of financials.. The only way out is Print mother print here that ECB you want a rally to start in stock market then start printing and don't stop printing untill that fund has a trillion in it. Ben will follow suit and then we can rallly


perhaps, that's what the market is thinking now: printing is sure thing?

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Re: 09/12/2011 Intraday Watering

Postby Mongoose » Mon Sep 12, 2011 3:28 pm

The American markets are still drinking from the punch bowl.
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Re: 09/12/2011 Intraday Watering

Postby heavenskrow » Mon Sep 12, 2011 3:30 pm

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Re: 09/12/2011 Intraday Watering

Postby nasa1100 » Mon Sep 12, 2011 3:30 pm

possible close in green today!
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Re: 09/12/2011 Intraday Watering

Postby stucap » Mon Sep 12, 2011 3:32 pm

Petsamo wrote:If we finish above the open, we should gap up tomorrow.


Agree -- epic fail for bears. Should see a big rally tomorrow IMHO. Not surprising seeing how important the 1140 neighborhood looks on a chart. Support holds, BOTS MUST BUY :twisted:
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Re: 09/12/2011 Intraday Watering

Postby ultramarine » Mon Sep 12, 2011 3:33 pm

Yes -- finally got the 5/10 ema crossover in the 15 min. Could be a green close indeed. Next stop -- 119?
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Re: 09/12/2011 Intraday Watering

Postby Cobra » Mon Sep 12, 2011 3:36 pm

volume surge, no good, let's see the current bar, hopefully a consolidation here.
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Re: 09/12/2011 Intraday Watering

Postby StrikePrice » Mon Sep 12, 2011 3:38 pm

Cobra wrote:
frankthetank wrote:thats true cobra. But the fact is 200 billion of exposure in just greece, ireland and portugal (financial sector). imaginge spain and italy what the us banks exposure is too the CDS market. That would basically wipe out 25% of an already depressed market cap of financials.. The only way out is Print mother print here that ECB you want a rally to start in stock market then start printing and don't stop printing untill that fund has a trillion in it. Ben will follow suit and then we can rallly


perhaps, that's what the market is thinking now: printing is sure thing?


If we don't print this market higher now it could end up forming a bigger H&S with the Head at 1370 and the Neckline at 1050. The Bears will get their 750 like Tim Knight is dreaming of.
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Re: 09/12/2011 Intraday Watering

Postby qtipped » Mon Sep 12, 2011 3:38 pm

why is volume surge no good? trying to bid a little for some longs before close...
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Re: 09/12/2011 Intraday Watering

Postby frankthetank » Mon Sep 12, 2011 3:39 pm

is this the plunge protection team out of retirement. Too squash my shorts
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Re: 09/12/2011 Intraday Watering

Postby agnosia » Mon Sep 12, 2011 3:41 pm

seekingknowledge wrote:
frankthetank wrote:Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.


Now that is a dang good question -- been wondering it all day myself. Maybe better M&M's (manipulation) in US?


also the good old USA has a much higher probability of passing QE3 to debase the currency and add liquidity to the system so that our bankers can keep their life styles.
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Re: 09/12/2011 Intraday Watering

Postby frankthetank » Mon Sep 12, 2011 3:42 pm

notice the last 5 days have had a surge the spy in the last 15 minutes.
Also shouldn't we at least test the bottom to have a double bottom before the SPY moves back up?
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Re: 09/12/2011 Intraday Watering

Postby heavenskrow » Mon Sep 12, 2011 3:42 pm

QE3 is already running. Look at the M2 unadjusted since August, its rising rapidly.
-However the dollar is breaking out....
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Re: 09/12/2011 Intraday Watering

Postby StrikePrice » Mon Sep 12, 2011 3:46 pm

frankthetank wrote:notice the last 5 days have had a surge the spy in the last 15 minutes.
Also shouldn't we at least test the bottom to have a double bottom before the SPY moves back up?


Nothing is exact in trading. This could easily be considered a double bottom with last Tuesday's low
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Re: 09/12/2011 Intraday Watering

Postby PLUNGE » Mon Sep 12, 2011 3:48 pm

Does anyone else here watch Maximum Pain? The Big Guys that sell options will work to make options expire worthless.

Their targets are: MAX PAIN QQQ 54, SPY 119, DIA 119, IWM 72

May explain why we are disparate with Euro land until Thursday.
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Re: 09/12/2011 Intraday Watering

Postby StrikePrice » Mon Sep 12, 2011 3:50 pm

agnosia wrote:
seekingknowledge wrote:
frankthetank wrote:Anyone explain how the SPY and the US markets are holding strong while the rest of the worlds stock markets are breaking down. Even the TSX is down 3 times the loss of the states.


Now that is a dang good question -- been wondering it all day myself. Maybe better M&M's (manipulation) in US?


also the good old USA has a much higher probability of passing QE3 to debase the currency and add liquidity to the system so that our bankers can keep their life styles.


Totally. If IB's want to justify their pay and CB's want to keep selling securities products this market can't crash. They just want more liquidity to spread it around and now the gov't is forced to give it.
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Re: 09/12/2011 Intraday Watering

Postby Cobra » Mon Sep 12, 2011 3:50 pm

my guess is that's it for today if not a pullback here because it closes to too stretched. :mrgreen:
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Re: 09/12/2011 Intraday Watering

Postby auger » Mon Sep 12, 2011 3:51 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 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....


No red, indeed. :lol:
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Re: 09/12/2011 Intraday Watering

Postby nasa1100 » Mon Sep 12, 2011 3:52 pm

nasa1100 wrote:possible close in green today!

all green now!
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Re: 09/12/2011 Intraday Watering

Postby frankthetank » Mon Sep 12, 2011 3:52 pm

anyone think that we will get a retracement of this move. Got some shorts trapped?
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