09/13/2011 Intraday Watering

[KENA]

DO YOU FEEL LIKE WE ARE BEING CONTROLLED???

[Me XMan]

It was first the Chinese then Russian then BRIC?
Soon it's gonna be Martian.

"BRICS COUNTRIES IN "VERY PRELIMINARY" TALKS TO COORDINATE PURCHASES OF EURO ZONE SOVEREIGN DEBT - BRAZIL GOV'T SOURCE"

Hmmm... looks like the same type or "rumor" that spiked the market yesterday at around the same time.

But unlike yesterday, the spike has not happened.

Could we have actually run out of chasers to sell the rumors to? That would be very bad.

Or, have we run out of bears with tight triggers for stops? That would be even worse.

Still some time left but not the expected outcome for the rumor news...

[jarbo456]

DO YOU FEEL LIKE WE ARE BEING CONTROLLED???

again, have to laugh at how obvious this market is running people's positions at the end of the day.

[Cobra]

volume surge plus biggest red bar, hopefully a rebound of some kind here.

[BullTart]

LULZ.. zero hedge saying the same thing I was alluding to...

http://www.zerohedge.com/news/rumor-fat ... one-minute

While I am long TVIX which is essentially short the market, this is getting dangerous here... I don't want a full blown systemic meltdown, but I am starting to actually worry somewhat with the behavior being exhibited by the markets lately.

[cougar]

Very simple: SPY couldn't pass the line in the sand!

[auger]

SPY testing rising trendline, near term support.

[Cobra]

rebound as I expected but it's much stronger than I thought. Another very strong close? Unbelievable.

[jarbo456]

or is THIS the end of day short squeeze move once again? 60 cent move in the SPY in 5 minutes.

[BullBear52x]

BOOM! got ya moment.

Thanks Cobra and everyone here for great insights

Let it runs, as long as you know where your money is GLTA

[cougar]

Yes, unbelievable!

[mac769]

volume surge plus overshot, another pullback is possible here, then we'll see, key time as it's the revisit of the previous high.

imho, this is nothing short of insanity

now the inmates are in charge of the asylum

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[StrikePrice]

rebound as I expected but it's much stronger than I thought. Another very strong close? Unbelievable.

Looks to me like every Wave we have been getting terminates as an Ending Diagonal. One more leg up then the bigger pullback. Probably bad news tomorrow.

[BullTart]

WOW!!!!!

[biotrader]

Any news?

[jarbo456]

better yet, let's run up 90 cents, to then fall again a dollar. hahaha...we'll just have to wait and see what happens...they're looking for a direction that will make the most people lose the most money.

[bushwaffle]

MFHFTM

[cougar]

Da Boyz sold zillions of Sep puts at a HUGE premium, due to the high VIX. Now ...they want all the guys who bought them to lose big time at OpEx , when those puts would expire out of the money.
Makes sense???

[chickencoop]

Da Boyz sold zillions of Sep puts at a HUGE premium, due to the high VIX. Now ...they want all the guys who bought them to lose big time at OpEx , when those puts would expire out of the money.
Makes sense???

the wagon is hard to move when there are too many passengers on board. WS tries to dump little bears, it seems.

[stockcycle]

If Bulls can make 118 at the close I think they will still keep the ball for the tomorrow match.