11/07/2011 Intraday Watering

[Cobra]

still triangle, fighting on MA200 red line. just now the bias is bullish. a Greek PM is about to save the world! Yeah, fireworks please! We need that 21 gun salute too!

[easycomeeasygo]

Like is said weak sell off 1257 flat on year

[Petsamo]

rumor only: Lombardi to replace Berlusconi

Is that Vince Lombardi ?

[BullBear52x]

one for the bears.. one tiny pop.. then stalls... Descending Triangle??

That's what I am betting on. will find out soon.

[Al_Dente]

Second neg d…. but bulls won the free lobster lunch… at the moment
http://www.youtube.com/watch?v=6vwNcNOTVzY&ob=av2e

[Cobra]

emotional might be but this kind of push up rarely is one legged, so a pullback if any should be a buy.

[jarbo456]

Like is said weak sell off 1257 flat on year

we have a lot of time left before the end of the year. lol

i don't think funds are worried about being a couple points south of even at this stage. however, there's definitely some people who don't like when the euro/usd starts to sag below 1.3740. same buy level for the umpteenth time....

[BullBear52x]

still triangle, fighting on MA200 red line. just now the bias is bullish. a Greek PM is about to save the world! Yeah, fireworks please! We need that 21 gun salute too!

The last one got kick out because he is going to let the people vote, that will be bad for the economy in world, so he has to take one for the team, now in Jobless line. lets trade what in front of us guys, close your nose and dive in.

[Buckethead]

These waves give a clue on the intermediate trend *AND* the prevailing open interest of the herd which is short. Market "should not" be rallying like this on simple ECB comment. But that it is tells me the weakest link is the short side.

Way I see it is Rydex is showing way too much optimism in long asset flow. However, it seems to be persistent even in market pullbacks. Put it all together, that tells me the bear crowd is more FEARFUL.

Bears only really have this week left now before the consolidation sets up for another leg up into end of month.

i guess bulls don't even need a false rumor anymore to erase 60-80 dow points. amazing.

[simpletrader]

not fair to bear, always one leg down, 2 legs up.

[MrMiyagi]

The last one got kick out because he is going to let the people vote, that will be bad for the economy in world, so he has to take one for the team, now in Jobless line. lets trade what in front of us guys, close your nose and dive in.

I know you are just saying but I am pretty sure his severance pay is worth more than all our houses put together.

[agnosia]

not fair to bear, always one leg down, 2 legs up.

so why not be a bull since the market is clearly biased right now. market is headed higher into the holidays, time to be a bear is next year i believe.

the fact that VIX is over 30 is the only thing concerning me and keeping me from going all in.

[Cobra]

It's the imagination that makes you human the dominant species on Earth. A conclusion made by one of our greatest Martian scientist!

[BullBear52x]

The last one got kick out because he is going to let the people vote, that will be bad for the economy in world, so he has to take one for the team, now in Jobless line. lets trade what in front of us guys, close your nose and dive in.

I know you are just saying but I am pretty sure his severance pay is worth more than all our houses put together.

I know, red carpet in and out, just like any CEO that BK their company

[easycomeeasygo]

Like is said weak sell off 1257 flat on year

we have a lot of time left before the end of the year. lol

i don't think funds are worried about being a couple points south of even at this stage. however, there's definitely some people who don't like when the euro/usd starts to sag below 1.3740. same buy level for the umpteenth time....

Believe me I am in just as much disbelief. It is about fund managers closing the year out in the positive more then anything else.

Plus if the Italian PM gets the boot markets are going to run for a bit

[agnosia]

It's the imagination that makes you human the dominant species on Earth. A conclusion made by one of our greatest Martian scientist!

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand."

Albert Einstein -( alien )

[quatzl]

Perhaps time to short SPY again.

[Al_Dente]

Ode to Greece, from the board and our Chief Martian Scientist
http://www.youtube.com/watch?v=DWzWTqjW ... re=related

[StrikePrice]

Well that move gives the Alternate count a lot more hope.
Good I took that long on positive divergence, but I still feel Bearish so I sold it.
Now here's that Wave 4 Triangle of the Ending Diagonal.

[cougar]

If we close within this range, we shall get an SPX “double inside day”.
If so, a decisive impulsive move should follow soon.