10/14/2011 Intraday Watering

[spuderik]

If we could just re-test the actual highs already that'd be nice. Let's get this on already, it's Friday. Make or break time.

[Cobra]

Could also break down. No reason for economy to improve any time soon.

economy hasn't improved (really) since 2008 and yet we're at 1220 on the SPX.......the markets are not the economy.....the markets are a casino:)

nobody cares the day after tomorrow, it's up as long as tomorrow is not bad.

[SB73]

don't forget the bigger picture, this is the 3rd try on the resistance so could break through.

Cobra what does tomorrow say? Paralyzed here...stopped out on shorts this morning now wondering what the crystal ball says.

[ddd]

People shorted 9% more in Set than in Aug. That's a massive fuel for this rally when most will cover over 1250

[waverider]

Could also break down. No reason for economy to improve any time soon.

economy hasn't improved (really) since 2008 and yet we're at 1220 on the SPX.......the markets are not the economy.....the markets are a casino:)

If you trade solely based on fundamentals, you will lose all of your money.

[Cobra]

testing the morning high now, another key time.

[incognitouser]

Maybe I'm in for a hard lesson

Also from ZH
http://www.zerohedge.com/contributed/do ... llar-index

[KENA]

Could also break down. No reason for economy to improve any time soon.

economy hasn't improved (really) since 2008 and yet we're at 1220 on the SPX.......the markets are not the economy.....the markets are a casino:)

Yes and I am not sure of this statement but the HFT's are the blame..We traders have to follow and get hind tit.

[Cobra]

overshot, negative divergence, so might not break through this time?

[ddd]

I think the first leg of this rally was fueled by short covering, the second leg will be by short squeeze, and finally the third leg by long buyers who will come too late. Few have fully invested long at this stage.

[CognitiveDissonance]

Blame the shorts for this rally.

Why?

Shorts covering

[CognitiveDissonance]

I think the first leg of this rally was fueled by short covering, the second leg will be by short squeeze, and finally the third leg by long buyers who will come too late. Few have fully invested long at this stage.

I'd like to see Cramer's portfolio and see if he believes himself.

[stucap]

overshot, negative divergence, so might not break through this time?

the bots are programmed to seek and destroy.....if it reverses, it'll likely melt up to 1219 ES first....

[janez]

look like scarier to hold shorts than longs for the weekend

[simpletrader]

3:30, should see some volatility now.

[ddd]

ES retest the 1216 - 1217 now. Expect it to breakthrough.

[spuderik]

EUR-USD is not re-testing highs alongside SPY. Final half hour here we come.

Wow! A serious pop literally on the 3:30PM mark...

[Al_Dente]

30 minutes to go
anyone long inside this squeeze attempt, please report, don't gloat, just report calmly

[Apple]

melt up Monday?

[Cobra]

wow, speechless. even the market is more bullish than I'm, I thought I'm extremely bullish now.