11/01/2011 Intraday Watering

[yxc74]

bear flag?! wow,wo can fill the gap 115.71-117.67 (10.Oct)

[heavenskrow]

Help Help, what's the inverse ETF of TVIX? Thanks

http://www.velocityshares.com/products.shtml

yes that was the link i was looking for. i had it bookmarked on my computer, but im using skool comp right now...

[Cobra]

well, too bad, rumor doesn't save bulls any more.

[jarbo456]

apparently the market is getting a brain and realizing that someone just puked up (sold) a bunch of their bad positions to people buying that bonkers 150 point rally...and the LOD is right around the corner.

[Me XMan]

I'm out my SPY long positions and waiting to see the trend and news.
FOMC, G-20 meeting, plenty of news...Greece, Italy....

mayday yet? someone please give me a trade tip. i am freaking confused at this point to either go long or short for the next several days. although i am leaning more to short but fomc and g20 kinda scares me.

[maoof]

Grabbed some SPY 113 puts for $1.03. Looking for selling into the close.. generous stop since today is generally bonkers.

[pady]

mayday yet? someone please give me a trade tip. i am freaking confused at this point to either go long or short for the next several days. although i am leaning more to short but fomc and g20 kinda scares me.

Go long to 1245 ( with SL at 1215 ) or wait for 1245 and then short.

[flight23]

Market will jump if Greece confirms referendum vote is dead, but may tank if Greek PM loses power and govt changes. I think the former will happen but prob not the latter. Temporary bounce though, we're trending back down.

[Me XMan]

Greek people will demand referendum IMO since G-Pap opened the door for them.

Market will jump if Greece confirms referendum vote is dead, but may tank if Greek PM loses power and govt changes. I think the former will happen but prob not the latter. Temporary bounce though, we're trending back down.

[Ed02]

Greek people will demand referendum IMO since G-Pap opened the door for them.

Market will jump if Greece confirms referendum vote is dead, but may tank if Greek PM loses power and govt changes. I think the former will happen but prob not the latter. Temporary bounce though, we're trending back down.

Will the EU leaders allow Greek to do the vote? They may be trying to bog down this with all the means they have, cause otherwise the people of all the other counties could ask for the same thing. More and more this sounds like a way for Greek Goverment/PM to get more candies from EU.

[flight23]

You would think, but early reports are Greek people are pissed either way. It is like asking them if they want their arm or leg cut off. Most dont even understand the implications of the decision and of course would vote against anything leading to more austerity but in the end both endpoints inflict major pain on the people. I dont think the government will let it go to a referendum. Can you imagine if everyone in the US was allowed to vote on whether or not to do a QEIII? 95% of people wouldnt know what they were voting on and would just pick a bubble.

[Petsamo]

Market will jump if Greece confirms referendum vote is dead, but may tank if Greek PM loses power and govt changes. I think the former will happen but prob not the latter. Temporary bounce though, we're trending back down.

Isn't it past their bedtime over there already?

[quientuves]

You're right, flight23. Greeks is ungry with the referendum after a lot of cuts and knowing more cuts are in their way with or without bailout and/or referemdum. I think mainly what they want are the heads of their politicians.

[swayne99]

Read Michael Lewis' book Boomerang regarding Greece. The country is completely corrupt and tax cheating by businesses and citizens is systemic

[fehro]

more speculation... maybe up tomorrow, fill the gap, retest October channel, lessen descending channel angle..and make right shoulder, with an overall target in the coming week 1140ish.

[Cobra]

H4 long.

[quientuves]

swayne, that happens in all the mediterranean countries. Italy is exactly the same. Portugal and Spain have less corruption (well at least the corruption levels we can find in any other developed country) but they have a enormous dark economy. BUt at the same time that is their strong point and the explanation of a 20% of jobless people without roits in the streets.

[StrikePrice]

The market has me a little confused. Need to stick with the short-tem trend being down unless we can close above 1234. In cash again for me.

[KENA]

One thing to remember the 1220 area has lots of support and the mkt had a hard time staying below this area..So a close above 1220 which is very likely will favor the bulls and limit any dn gap in the morning.Of course then there is Greece.

[cougar]

A narrow range day: