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Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:04 pm
by jarbo456
txsky wrote:Today's market looks like 09/19. I have no idea what GOOG ER would be.
Thank you so much, cobra!
agree it does.
so i'm guess it's a gap up tomorrow, with a intra day high testing 122 on the SPY and then a reversal into the close, ending the day lower.
again, another "fun" day of trading. -_-
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:04 pm
by Mr. BachNut
Idle speculation: A big bull flag forming over the next several days before breaking resistance to the upside wouldn't surprise me. Denies bears their correction and denies bulls the ability to get in at a good price.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:05 pm
by spuderik
Just like 09/19, today's close leaves us in perfect striking distance for a small gap up then early morning run higher to re-test the highs. It is only 16 S&P pts away, just like 09/19. Maybe history sometimes does repeat. If it does, early run to highs tomorrow morning is a short entry with stop above highest level (123.5) since mini-crash.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:05 pm
by txsky
silicon_beaver wrote:GOOG up +20 point AH.
What?
How many of you want to cry now if you set up the call/long order of GOOG but did not click "enter"?
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:06 pm
by Unique
Why so bullish bias Cobra.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:08 pm
by Cobra
Unique wrote:Why so bullish bias Cobra.
because I don't see any obvious bearish sign.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:09 pm
by ddd
GOOD jumped, pushed NQ to higher than yesterday's, but other indices didn't respond to the GOOD news. I think tomorrow we are going to have the C leg down first.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:10 pm
by spuderik
Mr. BachNut wrote:Idle speculation: A big bull flag forming over the next several days before breaking resistance to the upside wouldn't surprise me. Denies bears their correction and denies bulls the ability to get in at a good price.
That's typically what the market does on a new bullish leg in a bull market but not on a relief rally in a bear market. If it does consolidate and then grind higher, it'll be a great sign for bulls. If you look at extended relief rallies past, they have lots more volatility than new bullish legs in bull markets, so a few sharp moves downward over the next couple of weeks will be a good sign for bears, even if higher lows are formed. We'll just have to wait and see.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:11 pm
by spuderik
GOOG after hours is flying... the perfect catalyst for a gap up tomorrow and re-test of the highs.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:14 pm
by Mr. BachNut
spuderik wrote:Mr. BachNut wrote:Idle speculation: A big bull flag forming over the next several days before breaking resistance to the upside wouldn't surprise me. Denies bears their correction and denies bulls the ability to get in at a good price.
That's typically what the market does on a new bullish leg in a bull market but not on a relief rally in a bear market. If it does consolidate and then grind higher, it'll be a great sign for bulls. If you look at extended relief rallies past, they have lots more volatility than new bullish legs in bull markets, so a few sharp moves downward over the next couple of weeks will be a good sign for bears, even if higher lows are formed. We'll just have to wait and see.
Agree.
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:26 pm
by kamukak
UBS downgraded by fitch and other european bank on negative by credit agencies. CNBC
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 4:39 pm
by lqiantobe
How's you guys think about SINA tmr?
Re: 10/13/2011 Intraday Watering
Posted: Thu Oct 13, 2011 6:50 pm
by rocstocktrader
Stock market article: “Gold, Silver And Stock Prices At Their Tipping Points”
http://stk.ly/qYFCaS