09/09/2011 Intraday Watering

[newbie_77]

my (pure speculation) we will reach 118 today ... just saw a huge open on 118 calls......... huge huge volume .... [ not sure how to read it ]
may be speculation play.. maybe someone knows something....

[SigmaEcho]

wow, strong bull bar with huge volume, something happened?

ppt cue; safety net in place?

any phantom bars?

[Mr. BachNut]

Covered short at profit. Back to neutral. Checking out for weekend. We'll see what next week brings.

[fuddleduddle]

More up, more volume.. let's see if it can get past 116.90 ish.

[tapesense]

Morning in Hawaii, get me more coffee and let's see what happened in the markets.. OH SH**!!!

Always late, or rather early. 5 minute ES looks like the daily pattern I bought, broke a small swing high at the base of a big fall, points to 1155.

[Mongoose]

Dissent at the ECB

http://www.ecb.int/press/pr/date/2011/h ... 09.en.html

[Cobra]

trend line resistance. hopefully bears will do something here, it's rare the very first rebound a successful rebound.

[uempel]

Definitely last chart

[StrikePrice]

This market is one giant baby. One hour it's screaming and crying.

The next hour it's smiling and laughing.

It defines behavioral finance completely.

[uempel]

my (pure speculation) we will reach 118 today ... just saw a huge open on 118 calls......... huge huge volume .... [ not sure how to read it ]
may be speculation play.. maybe someone knows something....

Huge short positions are hedged with huge call positions. Actually it's a bearish call...

[Cobra]

EMA gap short, let's see if bears get any chances here.

[heavenskrow]

still long TMF........

[Al_Dente]

Ginormous bull tick hit >1300 on stockcharts (or >1051 on schwab, or >1145 on freestockcharts, etc). Point is it's hefty buying, maybe just a few program trades, maybe more. Declining issues are holding strong in the 2500 zone (BEAR), but don't let nydec break too much more (last chance cover on nydec is breakdown of 2000), VIX is bullish, but it doesn't yet seem that bulls have enough strength to breakout resistances

[99er]

SPX
Head and Shoulders just about complete.
http://99ercharts.blogspot.com/2011/09/spx_3000.html

And, in honor of the Moon Festival...

http://www.youtube.com/watch?v=3b9wrP7ATSA

Have a great weekend!

[BullTart]

We had a pretty weak bounce off the bear flag... if we break below it later this afternoon, look out!

Closed my spec long position yesterday with a small loss- idea of a two legged up move didn't pan out. The rebound was weaker than expected.

Re-opened TVIX longs at the open - may hold them over the weekend and add more if we FINALLY break through down the bear flag.

[proteus46]

I think we are setting up a major bull rally for Monday. The only requirement is that Greece does not default over the weekend. imo

[nonabear]

Cobra,

2 questions.

1) Think the low of today will hold

2) What level on the SPY would turn you bullish today.

Thanks

[janez]

I think we are setting up a major bull rally for Monday. The only requirement is that Greece does not default over the weekend. imo

Why say so?

[rola]

I do not think that Greece will just collapse over weekend, in that case Europe will fall apart, they can not do this because domino effect - for now!

[Petsamo]

I'd like to see US close at the low of the day. That way we can get a surprise gap up. We're selling off because we're responding to overseas markets selling off.