10/11/2011 Intraday Watering

[Cobra]

here's what I mean tiny 3 push up on 1 min chart.

[bullbear52]

look at MACD here, bears can take this down easy if it's bears market. OR bears are in Hibernation already?

[Cobra]

the bigger picture, I think a pullback of some kind is due. I have 2 concerns:

ChiOsc too high.
RSP is lagging.

Plus TICK chart I mentioned last night.

so chances are high a pullback of some kind is due. But before that bulls should make at least one attempt to break the morning high.

Cobra do you have any perspective on pullback size?

not yet.

[Dow Trader]

Vix hourly update

[99er]

Gee honey...what's that?

Jeffrey Sachs
http://www.reuters.com/video/2011/10/07 ... annel=1003

A truthful economist.

[SB73]

This group gets too panicy over 1-3 point moves on the S&P no wonder Cobra cleans up he is smooth as silk. I am trying to become less rattled over these little gyrations.

[SB73]

This group gets too panicy over 1-3 point moves on the S&P no wonder Cobra cleans up he is smooth as silk. I am trying to become less rattled over these little gyrations.

This was not intended to insult so please do not take offense.

[bushwaffle]

On wedge support again, I'm showing a close under 119.5 would be broken uptrend support....

[MM111]

It's called greed. Going short at this point has a high probablility of success. Just need to commit a sensible amount of money. It's been a huge move - indicative of a bear market. Sentiment soon turns.

[agnosia]

This group gets too panicy over 1-3 point moves on the S&P no wonder Cobra cleans up he is smooth as silk. I am trying to become less rattled over these little gyrations.

This was not intended to insult so please do not take offense.

we all have different personalities,time frames, and sizing for our trades. if you're buying 10-20 /es contracts for a scalp 3 points is a big move. you're talking $1500-3000.

[SB73]

here's what I mean tiny 3 push up on 1 min chart.

Damn Cobra you got game

[cougar]

Remote post here, my only one today
TRUST NO BOND QUOTES OR BOND CHARTS COMING FROM stockcharts.com
Last night they updated fresh EOD end of day quotes on bonds, when the bond market was closed yesterday. Not joking.
$UST 10 yr bonds off -1.05% YESTERDAY. $USB 30 yr bonds off -1.89% YESTERDAY (yes, I’ve double checked v. friday).
Those are big percentages in bonds... and they broke below support…. on a closed day…THIS IS RIDICULOUS…
Only TLT(the 20s) is holding up…. a bit misleading, don’t u think, as it is among the few bond “proxies” we can actively trade in the equities mkt…… what kind of proxy is that?…..so, is TLT being “held up” by the active trading volume in the ETF stock market? And does that now give us a DISTORTED PICTURE of "real" bonds, rendering TLT functionally useless as indicator of true bond mkt action?
The irony is we pay money to suckcharts.com for their spurious quotes on the biggest market in the world, then we have to troll free sites to find the truth. So I’ve thrown ALL my stkchrts bond info into the trash, along with $LIBOR where feeble quotes persisted all last week.
The only inkling we’ve had on this board about the massive bond dump has been jarbo’s EXCELLENT posts from the bond floors all last week. We kept reading those reports, then checking TLT, MUB etc… couldn’t see the effect yet…didn’t get too alarmed…. Big mistake.
BTW: here was a saturday heads up on the wholesale treasury dump, from zerohedge, which I did not post yesterday as I thought it was a bit too tinfoil for this board. Ignore the part where Tyler hypothetically blames geitner, et al., and read the real meat.
http://www.zerohedge.com/news/did-forei ... -treasurys
Has the bond market changed the game on us here folks? Or is Al just overreacting because he is so furious?
Use finviz.com until we can find a better view and sort this out.

Good post, Al Dente…
Also, good article by Tyler. With that pseudonym, I assume you understand Italian: “Si non e vero, e ben trovato” …
I could tell you also some horror stories of similar broken connections leading to “distortions“ …We have to stay resilient to THEIR actions…
Good luck with your trades!

[gabor]

It's called greed. Going short at this point has a high probablility of success. Just need to commit a sensible amount of money. It's been a huge move - indicative of a bear market. Sentiment soon turns.

What is called "greed"? I missed that.

[Petsamo]

For those still bullish, here's IYR support:



Relative to the Russells (IWM), IYR is pretty beat up.

[stucap]

winning number? no wonder we lost money no buy today since I start this.

i bought at 82 ES in the but sold at 85 after it looked like the gap close attempt was a fail......silly me.

[stucap]

look at MACD here, bears can take this down easy if it's bears market. OR bears are in Hibernation already?

MACD is also bearish on the 5min ES. Market rejected the attempt at the high but can't seem to get below 88. Wake up bears!!!

[waverider]

FAZ appears to be doing well, outperforming TZA. S&P has downgraded several Spanish banks so far.

[jarbo456]

that was a touch of the pbar earlier. i hope we can get lower.

[Dow Trader]

Hourly Dollar update

[bullbear52]

Bearish watch, my comfort zone as a bear.
eurusd < 1.35
Spy < 118