10/17/2011 Intraday Watering

Petsamo · Post by **Petsamo** » Mon Oct 17, 2011 2:35 pm

agnosia wrote:we go from one extreme to the other .. gotta love this market...

I wonder if we rally all day tomorrow.

AK84 · Post by **AK84** » Mon Oct 17, 2011 2:35 pm

cobra,

is this the pullback no later than thursday u spoke about that should get bought up ?
where are the buyers ?

jarbo456 · Post by **jarbo456** » Mon Oct 17, 2011 2:35 pm

Dow Trader wrote:Covered, it is the signal target

you mentioned this weekend that you thought 25 points was the min target, 50 points the average in a bull market, and something closer to 100 (or rather 1000 dow points) in a bear market.

are you still working on those targets?

i'm still short, and think we could see something around 118.67/118.25.

BullBear52x · Post by **BullBear52x** » Mon Oct 17, 2011 2:37 pm

Coming along hey?

Paging Cougar,the number on top of my chart are yours, so you know where I steal them from.

agnosia · Post by **agnosia** » Mon Oct 17, 2011 2:38 pm

Petsamo wrote:
agnosia wrote:we go from one extreme to the other .. gotta love this market...
I wonder if we rally all day tomorrow.

nope i think the market is ready to punish late bulls to the party and they're gonna take this tape down hard... i am on the sidelines at the moment.

tdo722 · Post by **tdo722** » Mon Oct 17, 2011 2:38 pm

wow eur took a big dump at 2:30PM. currently at exactly 78.6%

deadmoney95 · Post by **deadmoney95** » Mon Oct 17, 2011 2:39 pm

Unique wrote:
Unique wrote:damnit, looks like JBTFD don't apply on support today. Time to put my bear hat on again.

The trend is your friend. GIMME THAT 120.3->120 NOW!
After 120 then 119.5. Fun day. Keep them coming bears

DIE BULLS DIE!

Is "DIE BULLS DIE!" really necessary?

silicon_beaver · Post by **silicon_beaver** » Mon Oct 17, 2011 2:40 pm

market should react after Europe closes.

Al_Dente · Post by **Al_Dente** » Mon Oct 17, 2011 2:40 pm

PAGING ANYONE INTERESTED IN BANKS fundamental and TA research… but stale now as it is 24 hours old… so read it later …weekend focused on MS as possible “bellwether” due to its over-exposure to France/China (previously posted here w zh link)

NED DAVIS RESEARCH 10/9/11: “MS has been on a SELL signal since 04/25/2011”
Fundamentals: MS appears normally valued based on its P/E (TTM) 22.60, which is between the Financials sector’s top and bottom quintile values of 30.34 and 9.61, respectively. MS appears undervalued based on its Price/Book of 0.36, which is less than the Financials sector’s bottom quintile value of 0.65…Technicals: MS outperforms the SPX 66.67% of the time in October, with an average excess return of 2.72%.... MS/SPX Index currently lies 10.94% below its 50dma ……. MS/Financials sector currently lies 6.52% below its 50dma …
S&P STOCK REPORT 10/11/11: HOLD (3 out of 5 stars)… with outlook on peer group here: http://screencast.com/t/1YMoSibOd
CREDIT SUISSE: OUTPERFORM. “ Our Thesis. We’ve been wrong in recommending MS shares in terms of our fundamental outlook, the timeline of regulatory clarity and thoughts on floor valuation. With that said, we continue to rate MS shares Outperform—we believe measured progress in franchise restoration, healthier capital markets… and the absence of new negatives from here should drive … price outperformance... While we expect it will take some time for management to fully realize franchise earnings power …. more …. http://screencast.com/t/NN9vtKLTbP and 10/13 sector update after JPM eps: http://screencast.com/t/y3h5zxLJA6J
ARGUS ANALYST REPORT: BUY
SCHWAB SECOND OPINION WEEKLY (TA) 10/14/11: CHANGED TO NEUTRAL FROM AVOID.
Recommendation: Stock shows mildly improving TA conditions. If you are short this stock, hold position. Do not initiate new short sale.
Comment: MACD indicates bullish trend. Up/Down volume pattern indicates that the stock is under accumulation. Chart pattern indicates a weak downward trend. Relative Strength is Bearish. The 50dma is falling/Bearish. The 200dma is falling/Bearish.

[Anecdotally: critics point to MS lack of “deposit base” as big problem, compared to say, BAC which takes in gobs of cash deposits every day]
Normal disclaimer: crock-a-kool-aid …. all reports are copyright schwab…. BTW: GS who-is-doing-god’s-work got very similar ratings…

jarbo456 · Post by **jarbo456** » Mon Oct 17, 2011 2:41 pm

tdo722 wrote:wow eur took a big dump at 2:30PM.

hopefully takes us down to the 38 fib level at 3682.

jarbo456 · Post by **jarbo456** » Mon Oct 17, 2011 2:41 pm

tdo722 wrote:wow eur took a big dump at 2:30PM.

hopefully takes us down to the 38 fib level at 3682.

Nomorework · Post by **Nomorework** » Mon Oct 17, 2011 2:41 pm

deadmoney95 wrote:
Unique wrote:
Unique wrote:damnit, looks like JBTFD don't apply on support today. Time to put my bear hat on again.

The trend is your friend. GIMME THAT 120.3->120 NOW!
After 120 then 119.5. Fun day. Keep them coming bears

DIE BULLS DIE!
Is "DIE BULLS DIE!" really necessary?

Probably not, but after the last 9 days of pain a guy needs an outlet. Best of luck to all. I'm still short with my SDS 20 Calls from Friday. Let's test the Oct low!... If only it was that easy.

agnosia · Post by **agnosia** » Mon Oct 17, 2011 2:42 pm

dollar breaking out..

Unique · Post by **Unique** » Mon Oct 17, 2011 2:42 pm

Bear flag 100% reached.

EvilTrader · Post by **EvilTrader** » Mon Oct 17, 2011 2:43 pm

Unique wrote:
Unique wrote:damnit, looks like JBTFD don't apply on support today. Time to put my bear hat on again.

The trend is your friend. GIMME THAT 120.3->120 NOW!
After 120 then 119.5. Fun day. Keep them coming bears

DIE BULLS DIE!

Why the violence ??

Post by **Cobra** » Mon Oct 17, 2011 2:44 pm

AK84 wrote:cobra,

is this the pullback no later than thursday u spoke about that should get bought up ?
where are the buyers ?

so far i don't see this sell being urgent.

Petsamo · Post by **Petsamo** » Mon Oct 17, 2011 2:45 pm

agnosia wrote:
Petsamo wrote:
agnosia wrote:we go from one extreme to the other .. gotta love this market...
I wonder if we rally all day tomorrow.
nope i think the market is ready to punish late bulls to the party and they're gonna take this tape down hard... i am on the sidelines at the moment.

I'm currently in not-as-volatile ETFs, hoping for a several days downleg. Then, when I suspect an upleg, I move into highly volatile ETFs & stocks like X & FCX. That's the strategy!

Unique · Post by **Unique** » Mon Oct 17, 2011 2:45 pm

Nomorework wrote:
deadmoney95 wrote:
Unique wrote:
Unique wrote:damnit, looks like JBTFD don't apply on support today. Time to put my bear hat on again.

The trend is your friend. GIMME THAT 120.3->120 NOW!
After 120 then 119.5. Fun day. Keep them coming bears

DIE BULLS DIE!
Is "DIE BULLS DIE!" really necessary?

Probably not, but after the last 9 days of pain a guy needs an outlet. Best of luck to all. I'm still short with my SDS 20 Calls from Friday. Let's test the Oct low!... If only it was that easy.

Not necessary, but just having fun. Let bears have some fun after you bulls had.. a week+ come on now be fair, share the toys

I'm still in the bear camp.. I still see my somehow 118.5 target possible.

silicon_beaver · Post by **silicon_beaver** » Mon Oct 17, 2011 2:45 pm

Petsamo wrote:
agnosia wrote:
Petsamo wrote:
agnosia wrote:we go from one extreme to the other .. gotta love this market...
I wonder if we rally all day tomorrow.
nope i think the market is ready to punish late bulls to the party and they're gonna take this tape down hard... i am on the sidelines at the moment.
I'm currently in not-as-volatile ETFs, hoping for a several days downleg. Then, when I suspect an upleg, I move into highly volatile ETFs & stocks like X & FCX. That's the strategy!

like your tile.

rocstocktrader · Post by **rocstocktrader** » Mon Oct 17, 2011 2:46 pm

Stock market video: “Gold, Silver, Bonds, and Crude Oil About To Make Big Moves”

You can find the video on the right sidebar under: Tools-Free Trading Videos.

http://stk.ly/qYFCaS

Cobra's Market View

Back to www.cobrasmarketview.com

10/17/2011 Intraday Watering

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