10/20/2011 Intraday Watering

[Claire]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

[mac769]

I've locked the poll. I'm wondering if we do the 4th poll at close today (assuming close low of day) what the new poll would like?

I would like to see a poll about who thinks we will see S&P below 1'100 before end of year...

[silicon_beaver]

your avatar looks a cute bear.

[Nomorework]

Stopped out of my SDS Calls at $1.40. Damn that was a quick move over the past two hours. Went to a mtg and then lunch and lost out on $3k. C'est la vie. Bulls are running now, some great calls on this board.

[MrMiyagi]

MrMiyagi: sure, happy to answer questions

I don't understand your chart!

[Al_Dente]

UUP

[BullBear52x]

The bulls know when to push button just enough to ouchy the bears. I am close to buy SSO but wait IWM is still under 5DMA.

[pady]

My prev post called for a top to 122.75. Got in long at 121.1.

[stucap]

The bulls know when to push button just enough to ouchy the bears. I am close to buy SSO but wait IWM is still under 5DMA.

ES is somewhat overbought....but bulls don't care about overbought conditions.

[Al_Dente]

NYADV confirmed higher high on spy, so did everything else
late 2 squeeze party

[tdo722]

USD broke out at 2:30Pm was the 1st clue.

[Unique]

The bulls know when to push button just enough to ouchy the bears. I am close to buy SSO but wait IWM is still under 5DMA.

ES is somewhat overbought....but bulls don't care about overbought conditions.

Cobra taught me to trust the chart pattern. Chart pattern is more important than indicators I think

[fehro]

maybe just a little backtest to the channel... since we are not really thrusting up... yet

[silicon_beaver]

The bulls know when to push button just enough to ouchy the bears. I am close to buy SSO but wait IWM is still under 5DMA.

ES is somewhat overbought....but bulls don't care about overbought conditions.

Cobra taught me to trust the chart pattern. Chart pattern is more important than indicators I think

That's what most people say. chart won't lie.

[Cobra]

Cobra -- do you expect the 2nd leg up to be the size of the first one today? Thanks.

give it Fib 61.8% of the 1st one.

[Dutchy]

I've locked the poll. I'm wondering if we do the 4th poll at close today (assuming close low of day) what the new poll would like?

I would like to see a poll about who thinks we will see S&P below 1'100 before end of year...

It will be interesting to see if we get a climb into the year end. Now that 30-year Treasuries have started to decline, in the next weeks we will see how fast the bond market is going to roll over. Normally this is accompanied by a short term (4-6 weeks) equity decline but the following 5-7 months give a pretty strong bull move in equities due to money leaving bonds (wisdom courtesy of Kevin Klombies of IMRA).

So if bonds fall fast then we may see a short decline followed by a strong last month of the year.

[Roadrunner]

60 min left for rumour mills - could be more whipsaw

[Al_Dente]

MrMiyagi: sure, happy to answer questions

I don't understand your chart!

which part? u don’t understand tick? u don’t understand VIX, dollar???

[MrMiyagi]

[
which part? u don’t understand tick? u don’t understand VIX, dollar???

I understand all those I guee what I don't get is what YOU observe when you post that.. slow Thursday brain..

[BullBear52x]

The bulls know when to push button just enough to ouchy the bears. I am close to buy SSO but wait IWM is still under 5DMA.

ES is somewhat overbought....but bulls don't care about overbought conditions.

My crystal ball seeing 125ish. but I want to wait for my pinkish dot left chart SPY, right chart IWM suggest Buy. TNA oh YAY.