01/05/2012 Intraday Watering

[SB73]

I don't think bulls can clear 128.18...just initiated short on SPY with stop at 128.20. Take me out bulls...this is an intraday trade only

Well the broker took the commission and got a few bucks off me

sorry...didn't mean to sound like an ass...-_- not my style.

I didn't take it the wrong way. I was playing what I thought was a statistical short term top. Obviously with the stop as tight as I had it I wasn't going to sacrifice a whole lot of capital. I deserved the spanking.

[Tabby]

right now a bull return move over my yellow line, if you bears can't go long here, you don't want to short it until another break back down set up. right now bulls are laughing to the bank period. simple, it is what it is, I see a break out of ascending triangle in the work but will it succeed? that's remain to be seen. be nimble that what I have to tell myself, news are for dinner time entertainment only.

BB52x,
I like your new 2012 approach to colors. I am so glad that you are calling it "yellow" line. For a long time, you were calling it "orange" line.

[Cobra]

another overshot, so a consolidation here at least.

[quatzl]

This is nuts...

Agreed.

"Forget it, Jake. It's Chinatown."

[cougar]

Ok this is now looking like the big boiz got info earlier than everyone else again.

Bullish info for banks, precious metals and bad for euro.

Of course, we will only find out after the news is released.

Could be some ECB money printing news or something to that effect that may come out. That would make sense for rallying equities, precious metals, and a declining euro.

At around 11:20am today, the banks and precious metals exploded higher, on volume with no news.

That my friends is a sign that something is most definitely up.

No …It’s the Obama pumping $1Tr into the Housing mortgage market and “maybe” appointing a new Housing Tzar, while the Congress is in recess…
This is why Volpinacci bought FAS earlier, in 2 steps…
[Chart later}

[tdo722]

God damn, TVIX got crucified. Another new low.

[99er]

Update

SPX http://99ercharts.blogspot.com/2012/01/spx_3795.html

Rock 'n Roll.

[Al_Dente]

5 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251963404

[Cobra]

haven't touched EMA20 for so long, so if this pullback can reach EMA20, it's buy. guys, don't fight. let me tell you my story. I shorted in the morning, got stopped out with losses, well, it's happened lots of times, so no big deal, I covered and took a long. no matter what you believe, trading with pure heart. up is up, down is down. simple as that.

[dcurban1]

PAGING COUGAR
Yes, I am arrogant too.
But I still hope we can be friends….

Yes, of course...
Watch those metals NOW! They got a second life..all at the same time..
I wonder: why?

Per my usual answer to everything (when I’m not being a smart azz)
Squeeze
I think u called for a bounce last week, no?

Yes, for gold...
But it is stronger than expected...If GLD climbs above 158, I will have to look at a new target.

I am thinking about a 180 target on GLD which would correspond with a low in the USD.

[Mr. BachNut]

Ok this is now looking like the big boiz got info earlier than everyone else again.

Bullish info for banks, precious metals and bad for euro.

Of course, we will only find out after the news is released.

Could be some ECB money printing news or something to that effect that may come out. That would make sense for rallying equities, precious metals, and a declining euro.

At around 11:20am today, the banks and precious metals exploded higher, on volume with no news.

That my friends is a sign that something is most definitely up.

Perhaps this?

http://blog.american.com/2012/01/januar ... mortgages/

[Cobra]

retailers are very bullish now. Hope we could close well above 300 today.

[BullBear52x]

right now a bull return move over my yellow line, if you bears can't go long here, you don't want to short it until another break back down set up. right now bulls are laughing to the bank period. simple, it is what it is, I see a break out of ascending triangle in the work but will it succeed? that's remain to be seen. be nimble that what I have to tell myself, news are for dinner time entertainment only.

BB52x,
I like your new 2012 approach to colors. I am so glad that you are calling it "yellow" line. For a long time, you were calling it "orange" line.

so long I can see the price up and down and call it as is, color these days so many tones.

[ib612]

cobra, is it an intraday buy? or has intermediate term outlook changed?

[gabor]

haven't touched EMA20 for so long, so if this pullback can reach EMA20, it's buy. guys, don't fight. let me tell you my story. I shorted in the morning, got stopped out with losses, well, it's happened lots of times, so no big deal, I covered and took a long. no matter what you believe, trading with pure heart. up is up, down is down. simple as that.

Didn't you have a call to 1380 on Dec 30? Triangle breakup. Are you surprised?

[Me XMan]

Let them piling on!

retailers are very bullish now. Hope we could close well above 300 today.

[Cobra]

cobra, is it an intraday buy? or has intermediate term outlook changed?

all I'm talking here are for intraday.

intermediate-term is clear up, no change of course.

[mac769]

another overshot, so a consolidation here at least.

How can this be explained other than blatant maipulation?

Just by "normal" risk sentiment we should be 10 points lower by now

and if you take into account the dire European Banks, it is more like 20-20 imho

[Cobra]

haven't touched EMA20 for so long, so if this pullback can reach EMA20, it's buy. guys, don't fight. let me tell you my story. I shorted in the morning, got stopped out with losses, well, it's happened lots of times, so no big deal, I covered and took a long. no matter what you believe, trading with pure heart. up is up, down is down. simple as that.

Didn't you have a call to 1380 on Dec 30? Triangle breakup. Are you surprised?

I can only imagine 1293 or perhaps 1310. I cannot see 1380 yet.

[SigmaEcho]

retailers are very bullish now. Hope we could close well above 300 today.

setting up for open high close low 2morrow on nfp?