10/13/2011 Intraday Watering

[Al_Dente]

freestockcharts down for anyone?

freestk ok 4 me

The updates are working, but I lost all my trendlines. Have sent email to their support desk.

file > open layout > click your favorite layout
it will open only to last one saved by frestk
must carefully SAVE
must carefully OPEN layout
otherwise they loose all yr hard work

[spuderik]

NAAIM came in at zero. That is an unprecedented 3 weeks in a row of sub-5 level readings. Amazing that the recent rally didn't even budge this investing manager equity exposure survey. What it means is that for 3 weeks running now we've seen these managers average near 0% exposure to the stock market. This fits in with the oddity of put-call ratio staying dramatically high in the face of the equity rally. This should be contrarian bullish, but we've never seen it so bearish before which is disconcerting given that the market only dropped 20% from top to bottom.

AAII showed a drop in bears and rise in bulls, along what would be expected.

[KENA]

Retail made a double top and is tending dn.Lets keep it there.Also the Semi's are now red.Maybe there is hope. Lets go bears.

[Mr. BachNut]

PAGING MR BACH
Sorry, no time now to annotate better
Will work up something 4 u
May be tomorrow

Thnx!

[barbaragull]

good bull bar, but bulls need follow through to form a double bottom here then the low is in for at least the morning.

Let's go test yesterday's high

bulls are weak, i am praying them to fight, so that i can reload the short position i closed this morning.

[EvilTrader]

Im short too fellas.

Looking at 118 as i said yesterday.

Market playing exactly like mid september.

Let´s see if this bull is red or pink (gay)

[jarbo456]

nothing too crazy, but Muni yields bumped 2bps this morning...ie down 2. nothing out of the ordinary, but first bump in awhile...as per my guy on the bond desk.

[jarbo456]

wow...broke the double bottom, and immediately made a reversal bar. -_- COME ON bears...

[KENA]

Im short too fellas.

Looking at 118 as i said yesterday.

Market playing exactly like mid september.

Let´s see if this bull is red or pink (gay)

Thats good..Never seen a Gay bull.

[pady]

I feel gap fill today will give Wave 2 and then Wave 3 downmove for tomorrow ( or later today ).

[DRL]

freestockcharts down for anyone?

freestk ok 4 me

The updates are working, but I lost all my trendlines. Have sent email to their support desk.

file > open layout > click your favorite layout
it will open only to last one saved by frestk
must carefully SAVE
must carefully OPEN layout
otherwise they loose all yr hard work

I've done that with no luck. I think they have a database / server problem today.

[Cobra]

gap down, lower low after 10:30am ET, so 90% chances Open > Close today.

I see volume surge here, so could be a rebound of some kind.

[Al_Dente]

freestockcharts down for anyone?

freestk ok 4 me

The updates are working, but I lost all my trendlines. Have sent email to their support desk.

Shitty I'm stuck at "loading"...

close tab
exit entirely
re-open
>file >open layout > click on yr favorite layout

unique, watch yr email, usually answered ASAP by REAL person trying 2 help

[silicon_beaver]

gap down, lower low after 10:30am ET, so 90% chances Open > Close today.

I see volume surge here, so could be a rebound of some kind.

That's what I was going to say.
Laoda is quick.

[wayne0708]

Cobra:
you seem to be bull biased today, is it because of one legged up trend recently?
Please explain.

[stucap]

gap down, lower low after 10:30am ET, so 90% chances Open > Close today.

I see volume surge here, so could be a rebound of some kind.

great stat! thanks.

[quientuves]

Cobra:
you seem to be bull biased today, is it because of one legged up trend recently?
Please explain.

I don't think Cobra is bullish today...

[Dow Trader]

The first warning for who is trade ES in short side today is the move above 1196

Dow Trader - I respect your work, but need clarification on this statement....what is your basis.

I have my own patterns and they are many, this is one of them and I can't explain here in details but with this chart I think you might have an idea of how the market will react to a false breakout.. because if assuming we go up from here to 1196 it will confirm a false breakdown move which will lead to a sharp up move.
there is another one near 1207 ( and that will lead us to 1222 if reached )s o the short side will be more risky for day trade above 1196

[Cobra]

Cobra:
you seem to be bull biased today, is it because of one legged up trend recently?
Please explain.

no, you read wrong. I gave the SPY target at $118.77, 75% chances.

[Al_Dente]

NAAIM came in at zero. That is an unprecedented 3 weeks in a row of sub-5 level readings. Amazing that the recent rally didn't even budge this investing manager equity exposure survey. What it means is that for 3 weeks running now we've seen these managers average near 0% exposure to the stock market. This fits in with the oddity of put-call ratio staying dramatically high in the face of the equity rally. This should be contrarian bullish, but we've never seen it so bearish before which is disconcerting given that the market only dropped 20% from top to bottom.
AAII showed a drop in bears and rise in bulls, along what would be expected.

Thank u 4 EXCELLENT post on cobras overnight board