02/17/2012 Intraday Watering

[Cobra]

well, no surprise. sharp up before close. so boring.

[TraderGirl]

I love it when "Cramer" followers get so cocky when the market is up, think it goes up forever just cause "Cramer" is so bullish, pitching any stock he can get his hands on... then they whine when the market is down, wonder why they have lost so much money... boo-boo!!

[Cobra]

testing the previous high. now key time.

[jimme]

Double top perfect short right here. Have a good weekend and thanks for sharing your stuff. jimme

[SB73]

I think the bullish news this weekend will be that Greece is bailed out and China backs Europe and the US will give free dollars to the ECB.

[SB73]

testing the previous high. now key time.

By the way, the model shows yesterday was SDS instead of SSO. Maybe somebody already told you and I apologize if they did

[Cobra]

testing the previous high. now key time.

By the way, the model shows yesterday was SDS instead of SSO. Maybe somebody already told you and I apologize if they did

Oh, typo. thanks.

[TWT]

Have a great long w/e

[ZimZeb]

[FinancePhD]

Guys, as we are wrapping up our positions over the weekend, do you have any suggestion? Long, short or sideline?

Thanks!

testing the previous high. now key time.

[fehro]

little divergence between the indexes?

[BullBear52x]

Thanks Cobra and everyone, wake up it's Friday+long weekend.


TA note: President approval rating is moving up higher, no way this market is going to fall.

[Petsamo]

If anyone wants to be long over the weekend, IYR is not so overbought

[BullBear52x]

little divergence between the indexes?

Yes, it's time to pay attention to DOW theory for mid-term, short term we all know a drill. enjoy your weekend.

[EvilTrader]

just read this

http://blogs.wsj.com/marketbeat/2012/02 ... d=yahoo_hs

Im moderately short.

Looking foward to Cobra´s analysis of this mad market this weekend ...topish or not ? Major forces are in play.

[FinancePhD]

just read this

http://blogs.wsj.com/marketbeat/2012/02 ... d=yahoo_hs

Im moderately short.

Looking foward to Cobra´s analysis of this mad market this weekend ...topish or not ? Major forces are in play.

Thanks for the post, I am reading it now.

[Richarab]

going modestshort in 5 minutes - after the hamstrings are done kicking

[soku]

little divergence between the indexes?

Yes, it's time to pay attention to DOW theory for mid-term, short term we all know a drill. enjoy your weekend.

couple months ago i made a guess, that int'l funds are reallocating equity investments into us to avoid euro crisis. this could be an explanation to the divg on indu and trans. the dow theory states indu to make things then trans to send things out. this rally doesn't need transport anything out. it's just europe is getting worse. it is an input / imported bull. i will re-think of it over the weekend

[TraderGirl]

VIX is 5.6% away from it's lows, and yet TVIX is about 15.5% from it's lows....
Since watching TVIX, that is usually where the smart money is. It's moves usually indicate where the market is going...and I think it is saying that it's not buying into this rally...IMHO

I am not saying we can't go higher on Tues/Weds, as that is my target for a potential top, (and maybe today was that top, who knows in this market) I just think that we will not continue to go up forever without a correction that takes people by surprise, since VIX is indicating there is not much protection out there...

[soku]

wanna guess the /es close price? my number is 1356.75
for fun only