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01/17/2012 Intraday Watering

Re: 01/17/2012 Intraday Watering

Postby SB73 » Tue Jan 17, 2012 11:22 am

Fade the gap is the play today. IMO Friday's low should be revisited.
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Re: 01/17/2012 Intraday Watering

Postby Petsamo » Tue Jan 17, 2012 11:23 am

SB73 wrote:Fade the gap is the play today. IMO Friday's low should be revisited.

Big question is, when
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Re: 01/17/2012 Intraday Watering

Postby Cobra » Tue Jan 17, 2012 11:26 am

testing support. the only thing I see is ChiOsc is a little too high, so maybe a further pullback is needed or at least a consolidation here.
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Re: 01/17/2012 Intraday Watering

Postby trendfollower » Tue Jan 17, 2012 11:28 am

Article: "The Dollar, Weak Earnings Indicate A Top is Near for the S&P 500"

http://goo.gl/nZPuo
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Re: 01/17/2012 Intraday Watering

Postby Mr. BachNut » Tue Jan 17, 2012 11:28 am

Still holding 1/2 of a Pilot Short position. Have had an order in to bring it back to full this morning but price did not get hit (close).
If it executes later, it will have pretty tight stop.
Was hoping for big volume exhaustion gap above SPX 1300 but volume seems too light. So, advance may be managing to keep itself from getting overcooked.
Fishing for a correction into OPEX and an intermediate turn, but Pilot Short is getting burned out.
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Re: 01/17/2012 Intraday Watering

Postby 99er » Tue Jan 17, 2012 11:30 am

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Re: 01/17/2012 Intraday Watering

Postby ClarkW » Tue Jan 17, 2012 11:33 am

Cougar,

What are your thoughts on China? You've been spot on, calling for move up. Great call!
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Re: 01/17/2012 Intraday Watering

Postby Cobra » Tue Jan 17, 2012 11:35 am

close look at support. RSP leads down but QQQ is strong. so I will wait to see how things unfold before making my next comment.
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Re: 01/17/2012 Intraday Watering

Postby Al_Dente » Tue Jan 17, 2012 11:35 am

PAGING KEIZAI
Thanks KeiZai for another excellent post
I have more Q and A for you but must wait for later….
Here’s the net AD ($NYAD) 5 min for you, “area” style, I like to watch it via $NYADV vs $NYDEC.
Also volume, net hi low and Trin… bla bla bla more later
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =253530436
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Re: 01/17/2012 Intraday Watering

Postby waverider » Tue Jan 17, 2012 11:36 am

The bulls can't even make two pushes after this gap, ugh I missed the move.
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Re: 01/17/2012 Intraday Watering

Postby mozart » Tue Jan 17, 2012 11:39 am

Toronto Gold Index is in the red, yet Gold and Silver are positive, perhaps anticipating something?
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Re: 01/17/2012 Intraday Watering

Postby TraderGirl » Tue Jan 17, 2012 11:40 am

I still have hope for a down move... There is a negative aspect on Friday and over the weekend, so we could get a big down move on Fri and/or Monday next week. Jan 23 is a big turn date for crude and the markets. We will see what happens....
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Re: 01/17/2012 Intraday Watering

Postby uempel » Tue Jan 17, 2012 11:50 am

TraderGirl wrote:I still have hope for a down move... There is a negative aspect on Friday and over the weekend, so we could get a big down move on Fri and/or Monday next week. Jan 23 is a big turn date for crude and the markets. We will see what happens....

P&F may provide the answer: should SPX manage to close above 1297 today this market goes higher. I guess there will be a Bull/Bear fight all day and whoever wins at the close determines what will happen these next days.
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Re: 01/17/2012 Intraday Watering

Postby waverider » Tue Jan 17, 2012 11:53 am

Financials are looking quite weak
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Re: 01/17/2012 Intraday Watering

Postby Me XMan » Tue Jan 17, 2012 11:53 am

Picking up some here and there everyday with huge gap up :D

uempel wrote:
Me XMan wrote:Is this shooting star thing?

uempel wrote:Some charts don't need comments :D
33.png


Don't care what it was TAwise, talking money it was tons of free cash lying there and I hope you picked up some of it...
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Re: 01/17/2012 Intraday Watering

Postby cougar » Tue Jan 17, 2012 11:54 am

ClarkW wrote:Cougar,

What are your thoughts on China? You've been spot on, calling for move up. Great call!

Thanx!
I think that the soft landing is very well orchestrated by the CC of the CCP! They should give some lessons to GS, Tim and the bernank on how to do it!
Right now, we have also the “Dragon New Year effect” which is also well engineered.
I am not sure that I will stay long after this coming Friday…I’ll keep you posted.
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Re: 01/17/2012 Intraday Watering

Postby soku » Tue Jan 17, 2012 11:56 am

market is flat and noisy. not a good place to scalp. i am expecting a small reb, then read the tape over there
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Re: 01/17/2012 Intraday Watering

Postby Al_Dente » Tue Jan 17, 2012 12:01 pm

SPY new high near open… but VIX forgot to make a new low

PAGING NEWBIES:
Finally the folks who know something about HFT high frequency trading, bots, algos, computer trading programs, et. al., came out of the woodwork and started posting some startling info. (Check Friday’s board near and after the close… and if we’re very very lucky, they may post even more info).
I respectfully suggest u watch for posts on that topic by swalsh, dcurban1, stucap and others, and that you cut/paste them into a file to save and review later for better understanding.
IMHO that is the biggest factor that is controlling this current market, and we can’t afford to ignore it.
I don’t understand some of it either, but I do know that my little “wow check that volume spike” comments are quite pedestrian in comparison.

Here is 1 min update:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

PS: Wow, check out the volume spike on 1 min….
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Re: 01/17/2012 Intraday Watering

Postby L_T » Tue Jan 17, 2012 12:02 pm

Mongoose wrote:The Mafia -- A Winning Brand
http://www.sosimpresa.it/userFiles/File ... Stampa.pdf

I dont have time to translate this for the board, but this report writes the Mafia continues to be the largest economic agent in Italy, which affects nearly 7% of Italy´s economy.
Italian companies suffer 1300 crimes per day, almost 50 per hour, almost a crime every minute.

Anche in questa XIII edizione del Rapporto di Sos Impresa, Le mani della criminalità sulle imprese, possiamo affermare che la Mafia Spa si conferma come il più grande agente economico del Paese.
Una grande holding company articolata su un network criminale, fortemente intrecciato con la società, l’economia, la politica, in grado di muovere un fatturato che si aggira intorno ai 140 miliardi di euro con un utile che supera i 100 miliardi di euro al netto degli investimenti e degli accantonamenti, e 65 miliardi di euro di liquidità.
Il solo ramo commerciale della criminalità mafiosa e non, che incide direttamente sul mondo dell’impresa, sfiora i cento miliardi di euro, pari a circa il 7% del PIL nazionale.
Una massa enorme di denaro, quindi, che passa quotidianamente dalle tasche dei commercianti e degli imprenditori italiani a quelle dei mafiosi.
Di fatto, le imprese subiscono 1300 reati al giorno, praticamente 50 all’ora, quasi un reato ogni minuto.


Heh I don't speak Italian but I know "denaro" ha ha:

Una massa enorme di denaro
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Re: 01/17/2012 Intraday Watering

Postby BullBear52x » Tue Jan 17, 2012 12:02 pm

One thing missing, no one post SPX 1400 target, this board must be bear board. look at this candle make you go hmmm
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