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Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:23 pm
by rockfish
Question for anybody - at what point would today cease to qualify as an Island Reversal on the SPY - thanks

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:27 pm
by jarbo456
/dx 5 minute just dropped through ichimoku cloud...bulls are really ready to rip some new ones...

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:29 pm
by HappyFriday
WoW ! We may close in GREEN today !
:D :D

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:30 pm
by dcurban1
mac769 wrote:
Cobra wrote:SPY leads down, so not a broad based selling yet. I'm not in bear camp yet. Well, I'm not in bull camp either. I'm watching :shock:


If the bears cannot even bring their act together with the help of Italy and France being downgraded, then this is a lost case

but on the other hand, the volume is really light, which means this market is easily being manipulated to the upside

That is the frustrating part for the shorts who are needed for effective capital markets.

Of course the more you push it higher the larger the eventual fall.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:30 pm
by fuddleduddle
Tech strong today, but is atm most money flow negative.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:32 pm
by newbie_77
as for myself, i have made more money by writing options than by buying options. i have basically given up on buying options with your own money :P.. that's because lost all of it :P so now i fund the buying part with writing.

jarbo456 wrote:from my twitter feed from another trader: "if we close green, i'm never trading another put again"

lol

i kind of have to agree with that.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:33 pm
by Al_Dente
Last half hr
Anything can happen
Expected = continuation up
Surprise and nydec = down
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

PAGING swalsh
I don’t read fiction much anymore
I just re-read TA technical analysis, and updated editions of TA classics…and science… in my “spare time”…
“If it's fiction, then it better be true.” [Sherman Alexie, “fiction” writer, “The Lone Ranger and Tonto Fistfight in Heaven]

http://www.youtube.com/watch?v=m24uUzJg ... re=related

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:34 pm
by TWT
TraderGirl wrote:
TWT wrote:SPX: This is not a major reversal set up. In my opinion price is either unfolding the wave (IV) of an ED or the wave (II) of (3) within the wave (C) off the Dec 19 low


What do you think the targets are for 1) c of IV and 2) II of 3?


If wave (IV) of ED it needs the overlap below 1266.75 and should bottom in the area of the gap fill at 1257.68
If wave (II) of (3) anywhere in the range 1260-1238, maybe between the 200 and 50 dsma, but not larger then 64.69 points and time wise it should take less then 8 days

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:34 pm
by HappyFriday
short squeeeeeeze coming soon....
Unbelievable, Happy Friday 13th !!!!!!!!
:lol: :lol: :lol:

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:34 pm
by jarbo456
fuddleduddle wrote:Tech strong today, but is atm most money flow negative.


will be interesting to see what money flow was like today. but you have to wait until everything settles post close to get a confirmed figure. there was negative money flow on the DJ TSM float yesterday until things settled...then you saw it was actually a positive flow...

as of now DJ TSM float is a wopping -636...

but again, this could make a dramatic change after settlement.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:35 pm
by ken_d17
rockfish wrote:Question for anybody - at what point would today cease to qualify as an Island Reversal on the SPY - thanks



I believe the "island" is disqualified because today's range has overlapped yesterdays. A gap is no longer present.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:36 pm
by newbie_77
SPY is not going over $129.10 today. :) they might just close over 129 to screw all the call holders :) ...

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:37 pm
by dr659
[quote="rockfish"]Question for anybody - at what point would today cease to qualify as an Island Reversal on the SPY - th
Rockfish, Isaac Hayes on an episode of the Rockford Files refered to him(Rockford) as Rockfish

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:38 pm
by SWalsh
Al_Dente wrote:“If it's fiction, then it better be true.”


I know enough about Wall Street to make it read true. Bodies....plenty of bodies! ;)

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:38 pm
by Cobra
CPC still low, so image how low the Normalized CPC could go tonight. I'm not worried about bears. There'll be a payback time. We'll see.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:39 pm
by mac769
Cobra wrote:look all the past 9 trading days. dip, bought, dip, bought, dip bought. I cannot imagine once again the dip was being bought. :o :shock:


yes, the HF traders seem to spend the money from QE 1000 on buying the dips

so it is hopeless to be short until a real breakdown on decent volume is to be seen sometimes in the not so distant future

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:42 pm
by Cobra
mac769 wrote:
Cobra wrote:look all the past 9 trading days. dip, bought, dip, bought, dip bought. I cannot imagine once again the dip was being bought. :o :shock:


yes, the HF traders seem to spend the money from QE 1000 on buying the dips

so it is hopeless to be short until a real breakdown on decent volume is to be seen sometimes in the not so distant future


I'm not worried about bears.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:42 pm
by BlackThought
never buying puts again, shorting this market is suicide.

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:43 pm
by BullBear52x
I don't know we have the same time frame but this is 5 min. under 5 dma, this is not like buying the dip when it trade above hmm...

Re: 01/13/2012 Intraday Watering

PostPosted: Fri Jan 13, 2012 4:46 pm
by TraderGirl
Semi's are weaker than the rest of the market, can sometimes lead on the downside and lag on the upside...