09/14/2011 Intraday Watering

[Cobra]

hmm, after lots of bad call for pullback (I'll pretend that I didn't say all those pullback today), finally I made one right. Now I should say, told you so.

now we're at multiple support. Just I have no idea if rebound for further pullback, the time is running out.

[Be4chst]

this kind of consolidation means another push up is more likely.

I think the last 30 min could get ugly for the bears

you need to have nerve like steel to stay short there...

i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment tomorrow.

We're in the same boat, except my daddy always taught me "Son, if you're gonna be stupid, you gotta be tough!"

I rather not be stupid, but when I am acting dumb I'm goingto remember this quote from your pops.

[ultramarine]

Nice one, Cobra. Right near the last Sep 8 high. Flag becomes a box?

[Al_Dente]

Most scalpers probably out now

[AK84]

I got dem ballzzzz of steeelll!!!

[Cobra]

hey, this is not what I wanted. I said pullback I didn't say pullback large.

[agnosia]

this market is mean .. stopped out of the rest of my position at even. revert to the mean now since most bears are scared as all hell? go home pros!

[jarbo456]

yeah, looks like the pros are trying to burn the late comers to the party...and doing a pretty good job of it. we just had the largest selling volume bar all day.

[Mr. BachNut]

The QQQs have made a higher high for this third rally of the ABC push up since the August lows. So, I feel the box can be checked for three clear pushes up. The SPY is weighed down by the financials and may or may not pull off a higher high on the big bear flag. So, a top of one sort or another can be looked for in the coming days.

[sgregs]

No asset cross correlations in regards to move in markets - rally seems suspect at best!

[agnosia]

who thinks this was just an OPEX trick to get spx 1200? i guess someone got a HUGE pay day today betting on that.

[Al_Dente]

elevator down

[Cobra]

volume surge and largest bar ever, so could be an exhaustion here. that's right, bears are easier exhausted than bulls. that's why in ancient time, we used bulls to farm not bears.

[SB73]

just when you thought it was safe to enter the water...still doesn't work for my short setup , but Cobras bigger picture is a beautiful thing.

[tonghu]

WOW, really admire those who buy here

volume surge and largest bar ever, so could be an exhaustion here. that's right, bears are easier exhausted than bulls. that's why in ancient time, we used bulls to farm not bears.

[KENA]

The SPX over shot the dn channel by a couple of points but now has pulled back inside.I don't if that helps the Bears ,there are a lot of you out there that knows a lot more then me. Let me know.

[Rezito]

I believe we'll see 1230-1240 over the next few days before we have the real drop to sub 1000 on the SPX. I'm holding ETF shorts and silver bullion.

Today's ramp job was enough to flush out the bears and the next week or so will have more bulls commit to the upside. This is all to sway the market sentiment back to bullish again...before the next turn south.

[rola]

Not so nice at the end afterall

[AK84]

volume surge and largest bar ever, so could be an exhaustion here. that's right, bears are easier exhausted than bulls. that's why in ancient time, we used bulls to farm not bears.

bahahahahahahahahah

[agnosia]

volume surge and largest bar ever, so could be an exhaustion here. that's right, bears are easier exhausted than bulls. that's why in ancient time, we used bulls to farm not bears.

lol gotta remember that one