08/11/2011 Intraday Watering

[KENA]

What made SODA dropped this good?

I knew there was a reason I did not buy SODA again.Dn today $19.00+.I don't usually buy near earnings report.Another lesson.

Back again had to have some breakfast..SODA..They turned in a good earnings report and good guidence but I guess the mkt did not like it. This is why I don't like to buy near reports.Will it come back, I don't know.Right now it is dn $21.00+

[BullBear52x]

5th time is a charm! if it takes 5 times to do anything right then I think QE5 is in the making, QE3 is no brainer.

[KENA]

1170/75 is high hurdle:

SPX3.png

Uempel..I was thinking the 1170/75 area would bring in buyers in full force then push up toward to 1220 area for a high. What are your thoughts??

[BullBear52x]

5dma is the biggest huddle so bulls need to over come this

[silicon_beaver]

my FAS exit too early. it hit 13.74. now pull-back.

[Cobra]

red line above as first resistance, I believe it'll be tested.

[KENA]

COBRA.. Have you noticed the 50 and 200 dma are now going to cross on the spx.Lots of times is is a bad indication.

[Me XMan]

It's like tulips mania once again.
S&P earnings like $80 with 12 PE = 960

I spy a trend day---bulls seem to have a strangle hold on the bears this morning and are HUNGRY! I'm staying in cash, respecting the triangle count that many have posted. Bears better show up soon. Bots will be happy to keep jamming this up if no one steps in to fight. A break of 1180 would be super bullish.

[BullBear52x]

Green shoot in TYH

[dr659]

red line above as first resistance, I believe it'll be tested.

Does that phantom bar there from yesterday still mean anything

[Me XMan]

HAHAHAHA! This is why the jam in market. ban short-selling.
Let's see how long is the party.

European shares roaring now, at their highs of the day as a short-selling ban seems imminent. Stoxx (FEZ) 50 +3%. The biggest winner is Switzerland (EWL), +5% as the franc (FXF -4.7%) craters against the euro and the dollar.

zerohedge zerohedge
Here Is What Happened When The SEC Banned Shorting Financial Companies In 2008 http://is.gd/c2yBTy

[viewer]

nothing to say, except given by very high MACD HIST, I don't think the rally would go too far, we'll see.

Cobra,

I don't do day trade but I see this is an enty oppurtunity. My question is does the diamond bottom need a retest?

Best wishes,

[shumushu]

testing down trendline.

[Cobra]

COBRA.. Have you noticed the 50 and 200 dma are now going to cross on the spx.Lots of times is is a bad indication.

I think it's actually not a bad news. Crossover signals most often are wrong, so sometimes trade the opposite might not be a bad idea.

[Cobra]

nothing to say, except given by very high MACD HIST, I don't think the rally would go too far, we'll see.

Cobra,

I don't do day trade but I see this is an enty oppurtunity. My question is does the diamond bottom need a retest?

Best wishes,

Eventually the rebound will fail.

But my guess is bulls are safe for a few days at least, so the answer is could be no retest in the very short-term.

[uempel]

Update:

[Cobra]

red line above as first resistance, I believe it'll be tested.

Does that phantom bar there from yesterday still mean anything

it'll be reached, today, I guess.

[StrikePrice]

COBRA.. Have you noticed the 50 and 200 dma are now going to cross on the spx.Lots of times is is a bad indication.

I think it's actually not a bad news. Crossover signals most often are wrong, so sometimes trade the opposite might not be a bad idea.

I believe we got this cross last summer and that is when the mkt turned higher for the rest of the year.

Disappointed in Bulls here. Can they make a save...time running out....

[Mario TR]

a simetrical triangle?

[silicon_beaver]

red line above as first resistance, I believe it'll be tested.

SPY 1st attempt to test 116.0 failed. it tests 114.9 now.