06/28/2011 Intraday Watering

[Anaconda]

ok my /es target has been reached for today's day trade. still keeping a swing on because i think we get to 1313...

Nice. My short is back on.

sweet ... good luck to you sir. keep stops tight, i think this rally is much more than window dressing now since everyone thinks the greece problem is solved... hopefully the vote won't go through

I don't think the risk/reward is attractive to short at the end of June, not to mention today's market.

Well then look at the data and be convinced that way, instead. Look at the monthly closes for the past several months and consider what a short would have done for you, had you gone against the "month end is up, so buy" crowd. Just sayin'.
A.

[TexasGordon]

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

[Cobra]

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

i think nobody expects the vote would fail.

[KENA]

No one has said anything on the phantom dn pop to127.96 made at 12:50. I don't put to much faith in them but I have seen they do work sometimes. Let see.

[Nomorework]

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

i think nobody expects the vote would fail.

Agreed, it's priced in already. Hence the Euro and market action over the past few days. Could be a sell the news type day tomorrow.

[99er]

SPX
The MACD histogram at work:
http://99ercharts.blogspot.com/2011/06/spx_659.html
Divergence. Just add volume.

[KENA]

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

i think nobody expects the vote would fail.

The mkt may have discounted this during the last 2 days.

[agnosia]

Well then look at the data and be convinced that way, instead. Look at the monthly closes for the past several months and consider what a short would have done for you, had you gone against the "month end is up, so buy" crowd. Just sayin'.
A.

yep anaconda has a point. ever since that article in the WSJ came out a few months ago about first of month rallies it stopped working. now they either rally it up a few days before the end of the month then sell on the first.

[agnosia]

i can see the sellers making a stand at /es 1292. there are 6K sellers there waiting... highly doubt the bulls get through that level.

[DAB]

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

i think nobody expects the vote would fail.

Be careful, nothing is certain. No one thought the (initial) TARP vote would fail either. I remember very clearly because I was very long.

[cheech]

No one has said anything on the phantom dn pop to127.96 made at 12:50. I don't put to much faith in them but I have seen they do work sometimes. Let see.

Given the complex H&S bottom S&P is forming, that is a reasonable level for a pullback this week.

[guelder_rose]

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

Is tomorrow 5:00 AM EST?

[bbc]

i can see the sellers making a stand at /es 1292. there are 6K sellers there waiting... highly doubt the bulls get through that level.

could be bait and switch, IOC orders flashing.

[pablorynx]

tomorrow, the vote is on whether to vote on the austerity package. That vote occurs on thursday.
at 3amEST, (10am local time) will start the session, but there is no fixed time for the occurence of the vote.

[soku]

good data, no significant movement. interesting
key points ahead are 84.75 and 90.5

this market is boring. since 10:00 we don't have any significant move. indicators are negative while price is stubborn. 1 is dragging the other.
as a trader, i need fluctuation and volatility. hope my short will be triggered this time

shorted at 91.5 as planned. show me some movement! to cover at 1284.75

[Cobra]

this is not the 2 legged down I was expecting. now i see volume surge, no idea if the pullback stops here. today feels very strange, but no argue, up is up.

[Cobra]

tomorrow, the vote is on whether to vote on the austerity package. That vote occurs on thursday.
at 3amEST, (10am local time) will start the session, but there is no fixed time for the occurence of the vote.

I think the vote is today.

[99er]

Step Right Up...

Greece live.

http://www.zerohedge.com/article/stream ... ral-strike

[agnosia]

i can see the sellers making a stand at /es 1292. there are 6K sellers there waiting... highly doubt the bulls get through that level.

could be bait and switch, IOC orders flashing.

yep. true.

[cheech]

The people who are perma-bearish need to remember that the world can keep bailing out Greece or whoever else needs help for many years to come without immediate consequence. Are the bears prepared to sit through two years of rallying because they're expecting things to fall apart?