12/13/2011 Intraday Watering

[99er]

Quote of the Day

China's property bubble is clearly in free-fall.

http://globaleconomicanalysis.blogspot. ... yland.html

[chocobee]

125.50 is the new p-bar target, apparently. Someone (or something) is signalling the hell out of this target area. Bots? Who knows. Bottom line: p-bars are predictably accurate more often than not.

Bought put options on SDS.
A.

You think BEN will come out with bazooka?

[99er]

Update

EURUSD-ES http://99ercharts.blogspot.com/2011/12/eu-es_9602.html

Whee Part II.

[fusuke]

Unlikely. US data has been positive lately, so I expect a better outlook from the FED but with a caution for EU risk.

125.50 is the new p-bar target, apparently. Someone (or something) is signalling the hell out of this target area. Bots? Who knows. Bottom line: p-bars are predictably accurate more often than not.

Bought put options on SDS.
A.

You think BEN will come out with bazooka?

[Anaconda]

THere is no more bazooka, truthfully. There is, however, an arsenal of mystical, mythical weapons created for talking down risk and talking up asset prices. I suspect the "markets" will construe whatever big Benny and his Inkjets say to be wildly positive for the markets. Put differently, I think we'll get our xmas rally - a last hurrah, before the roller coaster heads into the abyss. But, doesn't matter what I or anyone thinks, right? Just follow the markets, friend. It'll tell you what to do.

A

[Mongoose]

http://twitter.com/chocobee

[dcurban1]

Unlikely. US data has been positive lately, so I expect a better outlook from the FED but with a caution for EU risk.

125.50 is the new p-bar target, apparently. Someone (or something) is signalling the hell out of this target area. Bots? Who knows. Bottom line: p-bars are predictably accurate more often than not.

Bought put options on SDS.
A.

You think BEN will come out with bazooka?

Same here. The markets want QE so bad it looks like a crack addict at times but Ben and Mario are not going there. They realize that QE2 did nothing to improve the economy.

[chocobee]

Unlikely. US data has been positive lately, so I expect a better outlook from the FED but with a caution for EU risk.

125.50 is the new p-bar target, apparently. Someone (or something) is signalling the hell out of this target area. Bots? Who knows. Bottom line: p-bars are predictably accurate more often than not.

Bought put options on SDS.
A.

You think BEN will come out with bazooka?

Same here. The markets want QE so bad it looks like a crack addict at times but Ben and Mario are not going there. They realize that QE2 did nothing to improve the economy.

Doubling up my EDZ

[heavenskrow]

SLV

[99er]

So honey...

SPX http://99ercharts.blogspot.com/2011/12/spx_2134.html

Some red sauce to go with your wieners?

[Me XMan]

Doesn't market sell off after FOMC meeting everytime?

THere is no more bazooka, truthfully. There is, however, an arsenal of mystical, mythical weapons created for talking down risk and talking up asset prices. I suspect the "markets" will construe whatever big Benny and his Inkjets say to be wildly positive for the markets. Put differently, I think we'll get our xmas rally - a last hurrah, before the roller coaster heads into the abyss. But, doesn't matter what I or anyone thinks, right? Just follow the markets, friend. It'll tell you what to do.

A

[chocobee]

So honey...

SPX http://99ercharts.blogspot.com/2011/12/spx_2134.html

Some red sauce to go with your wieners?

99er, you turn me on too much

[fehro]

down to the red channel? or blue? more likely triangle out today (between the blue and red)... and decide tomorrow?

[SB73]

I did my sniffing again, yeap bull trap, I can smell it in the air.

OK you convinced me. I am taking profits on my TNA and FAS here (bought way too much). What is your short entry target?

Mine is 124 on SPY...waiting for the 2nd leg down to kick off.

Are you shorting SPY or sellng call or buying puts?

SDS for now...not wanting to get too agressive yet.

[soku]

the dip is not clean enough but i decide to be aggressive today.

[fusuke]

Not immediately. If recall correctly, markets typically jump up when they announce. Expect the sell off tomorrow.

Doesn't market sell off after FOMC meeting everytime?

THere is no more bazooka, truthfully. There is, however, an arsenal of mystical, mythical weapons created for talking down risk and talking up asset prices. I suspect the "markets" will construe whatever big Benny and his Inkjets say to be wildly positive for the markets. Put differently, I think we'll get our xmas rally - a last hurrah, before the roller coaster heads into the abyss. But, doesn't matter what I or anyone thinks, right? Just follow the markets, friend. It'll tell you what to do.

A

[heavenskrow]

down to the red channel? or blue? more likely triangle out today (between the blue and red)... and decide tomorrow?

i like.

[soku]

Not immediately. If recall correctly, markets typically jump up when they announce. Expect the sell off tomorrow.

Doesn't market sell off after FOMC meeting everytime?

THere is no more bazooka, truthfully. There is, however, an arsenal of mystical, mythical weapons created for talking down risk and talking up asset prices. I suspect the "markets" will construe whatever big Benny and his Inkjets say to be wildly positive for the markets. Put differently, I think we'll get our xmas rally - a last hurrah, before the roller coaster heads into the abyss. But, doesn't matter what I or anyone thinks, right? Just follow the markets, friend. It'll tell you what to do.

A

somebody told me it favors trend reversal especially on intraday basis. can anybody verify it?

[Me XMan]

Covered my shorts $124.65

[Anaconda]

Doesn't market sell off after FOMC meeting everytime?

THere is no more bazooka, truthfully. There is, however, an arsenal of mystical, mythical weapons created for talking down risk and talking up asset prices. I suspect the "markets" will construe whatever big Benny and his Inkjets say to be wildly positive for the markets. Put differently, I think we'll get our xmas rally - a last hurrah, before the roller coaster heads into the abyss. But, doesn't matter what I or anyone thinks, right? Just follow the markets, friend. It'll tell you what to do.

A

No. Often, yes, but definitely not always. I don't have the stats, but I do have enough personal experience to state the former with confidence.
A.