12/19/2011 Intraday Watering

[Petsamo]

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

A close at the lows gives a 60% chance of a gap up. Any of you bears wanna place bets for a gap down, go right ahead.

[Mr. BachNut]

Some stops hit, half hedged. Other half likely to go on after close or tomorrow. Then, the Rally can start.
Lost some ground with the exposure this time around. He is a mean one Mr. grinch.
I'll be on the road tomorrow and will probably stay flat through the holiday and relax unless something juicy shows up.

[heavenskrow]

Did russel break support?

[Me XMan]

SANTA. PLEEEZZ COME HOME.

[SB73]

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

A close at the lows gives a 60% chance of a gap up. Any of you bears wanna place bets for a gap down, go right ahead.

Consider it done...of course I am in a position to let the winners run... What about you MEXMAN holding or not?

[1der]

fyi -Interactive Brokers feed is getting glitch in the past 10 minutes. Always love that when the market is perched on the edge

[Me XMan]

Damn! Do I feel lucky and play the gap down tomorrow?
Or take the profits and run?

Market is smelling fishy over Eurozone.
One day you wake up and no more EURO.
Too bad.

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

Are you holding over night?

[heavenskrow]

Dollar breaking resistance

[SB73]

Damn! Do I feel lucky and play the gap down tomorrow?
Or take the profits and run?

Market is smelling fishy over Eurozone.
One day you wake up and no more EURO.
Too bad.

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

Are you holding over night?

Nobody seems to really be short...we can't even get the late day ramp job from shorts covering. My confidence in holding overnight is going to kill me tomorrow AM

[stucap]

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

A close at the lows gives a 60% chance of a gap up. Any of you bears wanna place bets for a gap down, go right ahead.

Consider it done...of course I am in a position to let the winners run... What about you MEXMAN holding or not?

No way it'll close on lows --- bulls coming with their signature kick save....

[Me XMan]

Covered 200 and keep 200 SPY shorts overnight.

[Cobra]

well, guess that's it for today. Overall, not so good for bulls as VIX is still too low. I sure hope that VIX is useless now. Thank you guys, I'll see you tomorrow. Again, tonight's reports will require membership to read.

[Tabby]

SPX: Follow up of the potential wave (C) of (Y) which should have a target in the range 1995-1990

1995-1990??????? you must be drinking from Richarab's bar at 50% discount.

[Eagle_Eye]

Damn! Do I feel lucky and play the gap down tomorrow?
Or take the profits and run?

Market is smelling fishy over Eurozone.
One day you wake up and no more EURO.
Too bad.

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

Are you holding over night?

Cover IMO. But whatever you think.

My TNA is a swing.

[99er]

So honey...what would you like from Santa?

DWCF http://99ercharts.blogspot.com/2011/12/dwcf_19.html

Oh...a MACD cross.

[HappyFriday]

SANTA. PLEEEZZ COME HOME.

Santa drinks all the milk, no more milk for publics. Santa is still with his girlfriend in North Pole.

[Me XMan]

Cobra. Can you throw the bulls some bones tonight?
They're itching for something good.

well, guess that's it for today. Overall, not so good for bulls as VIX is still too low. I sure hope that VIX is useless now. Thank you guys, I'll see you tomorrow. Again, tonight's reports will require membership to read.

[chocobee]

Damn! Do I feel lucky and play the gap down tomorrow?
Or take the profits and run?

Market is smelling fishy over Eurozone.
One day you wake up and no more EURO.
Too bad.

SPX closing near low ain't looking good for tomorrow.
Big gap-down tomorrow?

Nope. This is the last flush. Market about to call an audible.

Are you holding over night?

Take a profit and run ! FAST

[rhight]

My perspective is that this market needs a gap down and reversal. Right now the morning gaps higher are leaving too much weakness. I have been sitting short for 5 days now...far longer than I would like, but have not seen any signs of panic selling (especially something overnight). I may lighten some of the position with a sell off before close, but right now I am not seeing any signs of capitulation rather Santa rally hope.

Your right, selling volume has been unimpressive. But if the sellers don't show up, then the buyers may step in.

[Me XMan]

My plan is to cover early if there's a big gap-down tomorrow.
With big gap-up, wait 1-hr after open and see from there.