09/29/2011 Intraday Watering

[Cobra]

I don't know what to say. nowadays all bulls need a imagination, so hopefully another 20 points gap up tomorrow morning, making it 3 times this week and 5 consecutive gap ups this week! Thank you ladies and guys, I'll see you tomorrow.

[jarbo456]

who the F is buying so much at the end of the day?

[Rezito]

who the F is buying so much at the end of the day?

Bull trap, even if we gap higher tomorrow I believe the 1190 top will hold.

[Cobra]

I believe we will see a big red bar for next week leading up to the payroll numbers
cobra any stats on the first week of October? I'm looking for a breach of 1100 to mark the capitulation for a tradeable bottom.

not much data.

[jarbo456]

who the F is buying so much at the end of the day?

Bull trap, even if we gap higher tomorrow I believe the 1190 top will hold.

doesn't change my trades or the 80 puts on SPY i'm yet STILL holding...but i'd be lying if i wasn't growling and cursing at this ridiculously unhealthy market.

[jaijailyc]

This move at the end of the day went a little higher than I expected. I was expecting somewhere around 1155 =/ A little nervous now .. will get off work @ 5 then go home to look at charts. Currently still leaning bearish... I expect by end of Monday to have hit a lower low around 1130.

[incognitouser]

Been on here everyday for over a year now, thanks cobra and everyone else for the great contributions! Once I get better at analysis myself I'll start contributing too.

[trust_yr_instinct]

I don't know what to say. nowadays all bulls need a imagination, so hopefully another 20 points gap up tomorrow morning, making it 3 times this week and 5 consecutive gap ups this week! Thank you ladies and guys, I'll see you tomorrow.

Well COBRA , you' ve done it again....you truly are amazing !!!!

You said in the a.m. trading post that it was %100 guaranteed to be green today SPX. Due to ISEE info ( although not alot of incidents ) > Put this together with the inevitable mark ups the fund managers HAD to do at 3:00 pm and shorts HAD to cover ahead of month end, and any data friday a.m. and POW you get 20 points in 45 minutes. Just wish I had have bought more when we were red, shorted more puts, bought more SPY common for the bounce. but, in these times, its hard to go all in at the moment,...patience patience.

[big_dane]

This move at the end of the day went a little higher than I expected. I was expecting somewhere around 1155 =/ A little nervous now .. will get off work @ 5 then go home to look at charts. Currently still leaning bearish... I expect by end of Monday to have hit a lower low around 1130.

this is a turn of trend, and coupled with the beginning of the month seasonality... the bulls will be in charge for at least 2-3 days.

[rocstocktrader]

SP 500 levels move higher (but within the recent range) while Nasdaq Composite move lower.
http://btdmarketsummary.blogspot.com/

[Al_Dente]

who the F is buying so much at the end of the day?

shorts covering

note BAC monster squeeze into close. Nothing else on the planet can provide 8+ parabolic green sticks up for NO reason (am a bit of a squeeze freak). BAC the cheapest way (single stock) for me to get that elevator high. I’ll ride that thing down to break of double bottom, just to be in for the squeezes.
But munching on FAZ when my signals tell me to gives me lots more meat