08/08/2011 Intraday Watering

[99er]

S&P To Cut Corporates

http://www.zerohedge.com/news/sp-about- ... rates-well

[agnosia]

someone just bough 1250 /es contracts @ 1156... the fed?

[BullBear52x]

Looks like bear flag intraday now breaking down again, this could mean margin call until early tomorrow morning, some die-hard bulls are in pain right now.

[agnosia]

someone just bough 1250 /es contracts @ 1156... the fed?

another big player just bought 800 contracts @ 1155.

[Cobra]

next bar will be the key, a H2 may give bulls some hope for a rebound. at the current stage, everyone knows, the rebound will be huge and fast before you have enough time to think about it, just the question is WHEN!

[uempel]

Trying to assess the validity of support at SPX 1150. This chart suggests 1070 is a more sustainable low (on the long run):

[BullBear52x]

New LOD is needed to legitimize a pos D. from there let see what it brings. the buying pressure is getting stronger as this writing.

[Me XMan]

The Prez. Obama speaking in 60 mins. Unscheduled conference.

someone just bough 1250 /es contracts @ 1156... the fed?

another big player just bought 800 contracts @ 1155.

[Cobra]

H2 indeed, no idea if it'd be successful or not, I don't pick either bottom or top anyway, too difficult to timing and cannot sleep well at night. So instead, as you all know, I talk bottom or top.

[Me XMan]

Oh boy...S&P is a dirty word on Wall Street this week.
I hope S&P right on what they're doing.

S&P Begins Muni Downgrades

http://www.businessinsider.com/sp-downg ... ies-2011-8

[newbie_77]

The Prez. Obama speaking in 60 mins. Unscheduled conference.

someone just bough 1250 /es contracts @ 1156... the fed?

another big player just bought 800 contracts @ 1155.

so are we gonna get a bounce or a dead-cat bounce

[agnosia]

next bar will be the key, a H2 may give bulls some hope for a rebound. at the current stage, everyone knows, the rebound will be huge and fast before you have enough time to think about it, just the question is WHEN!

if i had a dime for every person that is expecting a huge rebound at some "point" i'm beginning to lose faith so maybe that is a good sign?

[KENA]

I'm still looking.I may buy NLFX calls some time today.I like in the money calls but I will probably buy either near the money or just out of the money to keep the risk dn somewhat. Lets see.

[agnosia]

so are we gonna get a bounce or a dead-cat bounce

i dunno. this tape is hard to read. someone dropped 400 @ 1152 so maybe they lost some hope. not sure.. very confused

[KENA]

Wouldn't it be nice if this was a double bottom here?????

[Cobra]

well, now it looks like a Descending Triangle. no good.

[barbaragull]

well, now it looks like a Descending Triangle. no good.

Gee, I am so nervous that I already unloaded 95% of my VIXY. I usually am very patient to hold tight when I am trapped and under deep water .

[AK84]

I'm still looking.I may buy NLFX calls some time today.I like in the money calls but I will probably buy either near the money or just out of the money to keep the risk dn somewhat. Lets see.

I dont like NFLX anymore after last weeks weekly trendline break. Trend is down so unless u day trade the daily, be careful!
im looking to go short NFLX on any bounce under 250

[newbie_77]

so are we gonna get a bounce or a dead-cat bounce

i dunno. this tape is hard to read. someone dropped 400 @ 1152 so maybe they lost some hope. not sure.. very confused

hmm.. so we are waiting for the Prez to move the market looks like we will wait @ the crossroad (1153) untill we hear from the boss

[Cobra]

well, now it looks like a Descending Triangle. no good.

Gee, I am so nervous that I already unloaded 95% of my VIXY. I usually am very patient to hold tight when I am trapped and under deep water .

this kind of market is not easy to trade unless day trade. Pretty much a day trader should have finished today's job already.