09/20/2011 Intraday Watering

[KENA]

SOKU..I told you about Short TSCO..Still looking good.

[soku]

if es can hold 1203 (not too far off), it could be another bullish pattern, and it will pull us back into the previous box.
add: the quality of this drop is not too good. the far most i can see is still 1198

my model says 1198 area has 66% chance of reversal. the low was 1198.75 for now. let's see.

[99er]

RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut_8815.html

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/09/spx_7854.html

[Tabby]

RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut_8815.html

Beautiful.

[Petsamo]

It's possible that the SPY can finish higher than the open, but the Russels are too far down to be bailed out. Da bears finally won one.

[BullTart]

It's getting clear to me what was going on.... the sharks got caught with their pants down on Monday's gap down... the pbar that day to today's high was an indication that they were going to squeeze the market back up to last Friday's close, luring in the retail herd, and then start distributing...

That's what went on today.... they unloaded and kept it steady up there... that is why we couldn't "break out" after so many attempts. It was just the sharks unloading to the unsuspecting herd who were expecting a break out and continuation upwards.

The sharks know what the Bernank is going to say. He is not going to come out with the nuclear bomb that the market is crying for. Even if he wanted to launch the nuke, he is not allowed to because others (political powers that be) think that it will kill the system, though various ways, financial and non-financial. When politics get involved, it's not that easy anymore.

Watch out tomorrow- we may have just completed the right shoulder and could head back down in a hurry to probe for new lows.

Still fully loaded on TVIX. Weekly 10/80 SMA cross is my guiding light.

[cougar]

$VIX.X....VIX.Oct.Calls...and Da Boyz…update:

[KENA]

It's getting clear to me what was going on.... the sharks got caught with their pants down on Monday's gap down... the pbar that day to today's high was an indication that they were going to squeeze the market back up to last Friday's close, luring in the retail herd, and then start distributing...

That's what went on today.... they unloaded and kept it steady up there... that is why we couldn't "break out" after so many attempts. It was just the sharks unloading to the unsuspecting herd who were expecting a break out and continuation upwards.

The sharks know what the Bernank is going to say. He is not going to come out with the nuclear bomb that the market is crying for. Even if he wanted to launch the nuke, he is not allowed to because others (political powers that be) think that it will kill the system, though various ways, financial and non-financial. When politics get involved, it's not that easy anymore.

Watch out tomorrow- we may have just completed the right shoulder and could head back down in a hurry to probe for new lows.

maybe thats why they call us the dumb money.

Still fully loaded on TVIX. Weekly 10/80 SMA cross is my guiding light.

[BullTart]

Sharks unloading.... watch out tomorrow!

[johnnywa]

Wouldnt that be nice

[jarbo456]

Sharks unloading.... watch out tomorrow!

so you think a gap down tomorrow?

[johnnywa]

I Guess Greece gave up this week,try again next week

[davros]

es would not need to hold 1194.50ish here

[tonghu]

Guys, this could be an important reversal...

SPX14.png

hope the market won't surprise the bears tomorrow

[cougar]

IWM just dropped under pivot/support!

[uempel]

Guys, this could be an important reversal...

SPX14.png

hope the market won't surprise the bears tomorrow

Yeah, it's very tricky at the moment.

[soku]

SOKU..I told you about Short TSCO..Still looking good.

from soda to chicken wing. now you deliver tractors?
like this one. not option friendly tho
need to clear some room for it.

[ultramarine]

I tend to agree with the bears here. The end of the week is going to be quite fugly. But I'm short so I would say that.

[johnnywa]

99er is your parachute at 668?