10/14/2011 Intraday Watering

[Mr. BachNut]

that was hell good stop run. who did this must be laughing evilly now. Wo ha ha ha ha, something like this.

Good point! Great timing too. That's how you clear the inventory at a good price before the weekend...

[Cobra]

overshot, negative divergence, so might not break through this time?

Divergence don't matter if you're in a strong trend. Correct?

Need a combination of resistance plus divergence to pick a top.

yes, I combine with pattern too. Of course I know divergence doesn't matter.

[heavenskrow]

Bears will start having their days near the end of next week.

Can't wait, this bear is hungry.

Any info from the bond market?

Actually if the bears can push hard into the close, bears have a big chance MOnday

[wayne0708]

I'm starving lol

[Al_Dente]

scalpers exit....bears take over....i see a yacht

[heavenskrow]

and if the bears are too weak, then wait patiently....
I am unbiased to the direction. When I am short bonds, I look for when to cover..

[SB73]

Watch out for another kick save at close...

[Cobra]

scalpers exit....bears take over....i see a yacht

hmm, I was wondering who too my yacht!

[Dow Trader]

Bears will start having their days near the end of next week.

Can't wait, this bear is hungry.

Any info from the bond market?

Actually if the bears can push hard into the close, bears have a big chance MOnday

it is a strong weekly close with strong candle, so bears need more time I think

[newbie_77]

care to shed some light on how

Easy money...risk vs reward baby..daily spy options are fun.

Who else thinks a 1185 retest is guaranteed? Just bought some SPY October 22 118 and 123 puts for this swing trade.

[seekingknowledge]

Bears will start having their days near the end of next week.

Hope so. The bears are getting hungry and you know what happens when a bear spots raw meat. This bear is starving and ready to jump all in.

[pablorynx]

Monday morning gap up? anyone?

[Mr. BachNut]

It is still risk OFF in TED spread land. Perhaps the banks don't matter anymore...

[wayne0708]

I hope Greece will default over this weekend or something big is going to happen

[Cobra]

well, guess that's it for today, very strong close, feels more high ahead. thank you guys, I'll see you the next Monday.

[newbie_77]

thank you cobra. you have been right on the forecast!!!! once again

[jarbo456]

wow...end at HOD.

[KENA]

COBRA..Thanks for the week..I did not buy today but TZA and short AMZN are looking better for next .week

[spuderik]

I closed my SPXU position that I opened at market open today. I have watched Sunday night futures ramps for all of 2 years now.

No need to fight the tape. If we don't break down at all over the next 1-2 weeks, I will have to revise my probability of a visit back to 1360s highs. Certainly NAAIM screams out short squeeze can continue, and short interest is still high, albeit off the highest point. 200 day moving average is only a stones throw away now. Impressive counter-trend rally so far.

[spuderik]

It is still risk OFF in TED spread land. Perhaps the banks don't matter anymore...

It all still matters, let there be no doubt about that

NEAR TERM (1-2 weeks): Bearish (though this isn't exactly working out so well)
MEDIUM TERM (1-2 months): Bullish
LONG TERM (6-12 months): Bearish