09/23/2011 Intraday Watering

[Ninja Trader]

Cobra, i can't get disqus to work so wanted to respond to you in here, all due respect but I totally disagree with you regarding the comments I left for one Ben Bernanke on your last thread.

this guy is dangerous to rookies reading your blog, if you can't see that by now I'd be a bit surprised, for starters, repeatedly referring to something as an "indicator" that has a sample size of less than 5 is downright misleading for the wrong person.

Now you are going to defend his honesty? I'm not sure where you come up with that, he claims he has not lost money on any trades in over six months based on "inside communication" signals that only he can see. If you think that is how honesty is defined then I think you are totally wrong. I'm not about to give him some free pass and label him as honest because he's now on here saying that the silly contest he invented might go your way. I suppose in that same way Bernie Madoff was honest since he eventually came clean....

He's a rationalizer of the highest order so far as I can tell, your blog is valuable because you do the exact opposite.

I'm was not mocking him, my comment was a statment of truth, and the one below were his words, not mine, I simply copied his comment from three days ago, if he finds the need to visit various blogs and constantly point out where forecasts were wrong while at the same time stating he never loses on a trade then he should expect people to be critical of him as well.

[uempel]

Did the green Fib fan hold? Must the market rally up to SPX 1150/1170 before it makes another attempt to break support 1120 and go down?

[shumushu]

Short 1128 stop above day's high + 2ticks.

[uempel]

Cobra, i can't get disqus to work so wanted to respond to you in here, all due respect but I totally disagree with you regarding the comments I left for one Ben Bernanke on your last thread.

this guy is dangerous to rookies reading your blog, if you can't see that by now I'd be a bit surprised, for starters, repeatedly referring to something as an "indicator" that has a sample size of less than 5 is downright misleading for the wrong person.

Now you are going to defend his honesty? I'm not sure where you come up with that, he claims he has not lost money on any trades in over six months based on "inside communication" signals that only he can see. If you think that is how honesty is defined then I think you are totally wrong. I'm not about to give him some free pass and label him as honest because he's now on here saying that the silly contest he invented might go your way. I suppose in that same way Bernie Madoff was honest since he eventually came clean....

He's a rationalizer of the highest order so far as I can tell, your blog is valuable because you do the exact opposite.

I'm was not mocking him, my comment was a statment of truth, and the one below were his words, not mine, I simply copied his comment from three days ago, if he finds the need to visit various blogs and constantly point out where forecasts were wrong while at the same time stating he never loses on a trade then he should expect people to be critical of him as well.

Ninja, I agree.

[Richarab]

join me at the Tea N Avocado (TNA)
just keep a tight leash on the bears...

[Ninja Trader]

And cobra, btw, I still think YOU are the man

I love your blog

I do not care for Ben Bernanke, not the pretend one on your blog, the real one either

that's some honesty....

[stockcycle]

Pretty sure we'll see 1143 in the 3 push up!

[KENA]

Eviltrader..You are right in remarks..Although if this mkt takes a bounce up i will buy in with Spy puts with some call protection befor the close today.Will not short Spy,don't gain as much but the exposer is less.As always wait and see.

[Al_Dente]

ANECDOTAL ONLY, fact lovers move along, nothing to see here

Dick Bove on all channels yest: well, might as well buy the banks here GS BAC WFC etc since everyone is selling off all assets on the planet and putting all that cash in the banks (“reintermediation” – but he won’t use that term cause it scares the children). Poor Bove has about dick-credibility these days.

en français overnight: mmmmm, we don’t see any of that cash coming over here into our banks yet.

Oh, gee, BAC high on day

[BullBear52x]

measure move what a coincident with my line in the sand.

[shumushu]

nope, wrong. I am done.

[rocstocktrader]

SP 500 support 1,128 and resistance 1,150. http://rocmarketdashboard.webs.com/

[Copeland]

GLD and SLV really falling out of their BB channels this AM on the daily. May be ripe for a bounce back to the rail.

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/09/spx_5142.html

And up we go.

[KENA]

Did the green Fib fan hold? Must the market rally up to SPX 1150/1170 before it makes another attempt to break support 1120 and go down?

SPX4.png

Uempel..You are better at this then i am but YES i think we need a pop up in the range you stated to shake out a few then dn we may go.IMHO

[Copeland]

@ES double bottom on the 15 min chart? Target 1145. Let's see if margin calls from yesterday place a damper on things today.

[agnosia]

i got stopped out the rest of my shorts break even.

my best guess is we chop around a bit today positive/negative and end around flat.. if nothing bad happens this wkdn we probably fill the gap next week.

i am done for the day - gotta run some errands. good luck trading guys.

[uempel]

Update:

[BullBear52x]

Don't under estimate my uncle.

[stockcycle]

The interesting thing to me is the push up looks whipsaw