09/27/2011 Intraday Watering

[ultramarine]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

it just got unhealthy

A flat day would be very unhealthy!

[SB73]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

I agree as long as close above 1179....close below and I think we may see a nasty selloff tomorrow.

You may get your wish.SPX now 1175

Final line in the sand I see for the bulls is 1173. If they hold I am guessing up tomorrow. In the spirit of full disclosure I have been adding to my short position.

Interested in your thinking -- why 1173?

38% Fib retrace...if this were a normal wave IV pullback it should stop there. or at the 1179 pointed out earlier.

[KENA]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

I agree as long as close above 1179....close below and I think we may see a nasty selloff tomorrow.

You may get your wish.SPX now 1175

Final line in the sand I see for the bulls is 1173. If they hold I am guessing up tomorrow. In the spirit of full disclosure I have been adding to my short position.

Yes you got that wish also..Now at 1172..Keep it going.

[AK84]

OH WOW THIS IS A DREAMMMM COMING TRUE!!!!!

[ultramarine]

OH WOW THIS IS A DREAMMMM COMING TRUE!!!!!

I'm smiling. And I'm short. Those two statements are definitely correlated.

[zazusays]

There is a god!!!

[soku]

OH WOW THIS IS A DREAMMMM COMING TRUE!!!!!

I'm smiling. And I'm short. Those two statements are definitely correlated.

wow cannot believe my eyes. my cover order at 1163.75 got triggered.

[SB73]

Bears too damn strong for rebound into close

[silicon_beaver]

To be cool if closes red.

[ultramarine]

Incredible that AAPL is actually down today. As a market leader, this is another negative sign for the market.

[KENA]

This dn move AINT bullish..Keep it going

[Cobra]

well, guess that's it for today. certainly not a good close but since the selling is mostly right before the close so really hard to say, need see tomorrow. thank you ladies and guys, I'll see you tomorrow.

[StrikePrice]

Bulls will have a chance if EUR/USD doesn't breakdown. Bottom right shows it's approaching it's support trend line. I think we gap down if it breaks down overnight.

[SB73]

Bears too damn strong for rebound into close

Spoke too soon Cobra was right again

[ultramarine]

well, guess that's it for today. certainly not a good close but since the selling is mostly right before the close so really hard to say, need see tomorrow. thank you ladies and guys, I'll see you tomorrow.

Thanks for the charts, Cobra. Have a good one.

[soku]

my script not too bad. bulls did fight around 1185 and lost. i think bulls need to defend 1180 area, if cannot hold and cool down the bears, we will see 1163 maybe tonight.

go go go bears
enjoy the steak. closing bell is the only limit.

when i said 1163 tonight, i don't mean to hold overnight. no need to be greedy. i put in a trailing stop and will close my short b4 4:15.
do u guys see the sunshine?

damn cannot believe it. what's the low? i think i may be improved a little bit by just yelling here, especially after knowing there r couple thousand leeches hiding there and watching me.
anybody in downtown? beers on me

[Petsamo]

My spreadsheet indicates a gap up, but the probability is only 54%.

[jarbo456]

my script not too bad. bulls did fight around 1185 and lost. i think bulls need to defend 1180 area, if cannot hold and cool down the bears, we will see 1163 maybe tonight.

go go go bears
enjoy the steak. closing bell is the only limit.

when i said 1163 tonight, i don't mean to hold overnight. no need to be greedy. i put in a trailing stop and will close my short b4 4:15.
do u guys see the sunshine?

damn cannot believe it. what's the low? i think i may be improved a little bit by just yelling here, especially after knowing there r couple thousand leeches hiding there and watching me.
anybody in downtown? beers on me

haha. downtown manhattan? maybe another time...i'm midtown.

god there's a lot of opportunity to make/lose money out there.

[AK84]

my script not too bad. bulls did fight around 1185 and lost. i think bulls need to defend 1180 area, if cannot hold and cool down the bears, we will see 1163 maybe tonight.

go go go bears
enjoy the steak. closing bell is the only limit.

when i said 1163 tonight, i don't mean to hold overnight. no need to be greedy. i put in a trailing stop and will close my short b4 4:15.
do u guys see the sunshine?

damn cannot believe it. what's the low? i think i may be improved a little bit by just yelling here, especially after knowing there r couple thousand leeches hiding there and watching me.
anybody in downtown? beers on me

downtown nyc??

[cougar]

The VIX support that held today: