12/21/2011 Intraday Watering

Al_Dente · Post by **Al_Dente** » Wed Dec 21, 2011 4:11 pm

XIV squeeze
XIV

jarbo456 · Post by **jarbo456** » Wed Dec 21, 2011 4:13 pm

ending green today seems like it would be bad for bears.

L_T · Post by **L_T** » Wed Dec 21, 2011 4:14 pm

Think I'll be buying SDS puts at 3:59 pm if the markets stays strong. Will look to exit them tomorrow. I won't bother to post a chart because I've had luck with daily price bars where we have a "breakout" day (yesterday), followed by a "not much action either way" day (today), followed by a "continuation of new trend" day (hopefully tomorrow). Buy on the "not much action either way" day and sell the next day and things have worked well so far.

Post by **Cobra** » Wed Dec 21, 2011 4:14 pm

target reached.

Richarab · Post by **Richarab** » Wed Dec 21, 2011 4:14 pm

tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow.
Word viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it.

Jobs report of late - bogus accounting - I am convinced they are counting temp work for the holidays - 50,000 extra jobs, but really just high school kids wearing super Mario costumes outside GameStop during Christmas break.....

Sorry but feeling a touched jaded - sitting here in Trader VIX sipping gin and juice

---
I am here: http://maps.google.com/maps?ll=22.054059,-159.325917

Al_Dente · Post by **Al_Dente** » Wed Dec 21, 2011 4:15 pm

squeeze BAC (big), T, just starting in DIS, others too

tdo722 · Post by **tdo722** » Wed Dec 21, 2011 4:15 pm

Richarab wrote:
tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow.
Word viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it.
Jobs report of late - bogus accounting - I am convinced they are counting temp work for the holidays - 50,000 extra jobs, but really just high school kids wearing super Mario costumes outside GameStop during Christmas break.....

Sorry but feeling a touched jaded - sitting here in Trader VIX sipping gin and juice

---
I am here: http://maps.google.com/maps?ll=22.054059,-159.325917

Laid back.

Post by **Cobra** » Wed Dec 21, 2011 4:16 pm

volume surge, largest bar, overshot, so might see a pullback of some kind here.

GreedyKojiro · Post by **GreedyKojiro** » Wed Dec 21, 2011 4:16 pm

tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow.
Word viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it.

Right, but I wont keep longs over this weekend. I will close all positions tomorrow. We don't know if the S&P will downgrade Europe or not. Fitch gave negative outlook to France 3 days ago. The S&P has been quiet for now...

fehro · Post by **fehro** » Wed Dec 21, 2011 4:16 pm

Stall here?.... or pop higher?

tdo722 · Post by **tdo722** » Wed Dec 21, 2011 4:18 pm

GreedyKojiro wrote:
tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow.
Word viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it.
Right, but I wont keep longs over this weekend. I will close all positions tomorrow. We don't know if the S&P will downgrade Europe or not. Fitch gave negative outlook to France 3 days ago. The S&P has been quiet for now...

Who in their right mind would hold over the holidays.

99er · Post by **99er** » Wed Dec 21, 2011 4:19 pm

Richarab: "sipping gin and juice"

What? No Saudi Champagne?

Post by **Cobra** » Wed Dec 21, 2011 4:20 pm

testing yesterday's high, key time.

99er · Post by **99er** » Wed Dec 21, 2011 4:20 pm

Double Top?

F*ck me if not.

Richarab · Post by **Richarab** » Wed Dec 21, 2011 4:20 pm

99er wrote:Richarab: "sipping gin and juice"

What? No Saudi Champagne?

Escaped to Hawaii for Hannakuh.... Gin and juice (preferably POG)

---
I am here: http://maps.google.com/maps?ll=22.054017,-159.326079

wishful · Post by **wishful** » Wed Dec 21, 2011 4:21 pm

Cobra wrote:testing yesterday's high, key time.

So if today close in green, will it invalid yesterday's assumption in short term (red today, MDD low will be revisited?)

Al_Dente · Post by **Al_Dente** » Wed Dec 21, 2011 4:22 pm

XOM, MRK etc start squeeze
Bull revenge, covering into the close?
Protect yrslf

http://www.youtube.com/watch?v=mAPvi9Oe ... re=related

bullybear · Post by **bullybear** » Wed Dec 21, 2011 4:23 pm

Al_Dente wrote:
BullBear52x wrote:I just try to short SSO again to test the water, no shares available, not that I want to short it, just want to see how easy to borrow share here. hmmmmmm.
Just Al beating a dead horse again: old days “TEST THE WATER” was the exact term we used. Before computers, only way to see was to throw in a small buy or short order to “test the waters” we were watching for 1) how quick the execution, meaning were they dying to give it to you quick or slow and hard to get 2) at what price, was it better price than u asked for, oy.
These days with computers ruling the markets, I don’t understand the signals as well, or maybe I do ??
ATTENTION: WE WERE JUST TOLD THAT BB CANNOT BORROW SHARES SSO, TOO MANY SHORTS OUT THERE.

You might have missed this:

Cobra wrote:by the way, don't get too bullish here. it's still SPY leads the charge with QQQ lags a lot. and we retailers are buying lots of calls (for santa rally I guess).

2.png (136.58 KiB) Viewed 10723 times

Illiquid market on issue like SSO, couple with retail overdosing on calls, say to me there is fox in hen house. My 1/2 cent to me say they going to hold this market up till Friday to finish drawing in retail who would plan to sell by end of next week... Tax loss selling start on Tuesday when retail get caught with pants down and SPX/EUR begin to equalize... I don't think EUR going up... but just my 1/2 cent

stucap · Post by **stucap** » Wed Dec 21, 2011 4:23 pm

I don't see any reason to short unless we get below the cluster of moving averages currently blocking up the 1225-1235 range.....

Sure, plenty of bearish news out there (or at least not so bullish) but, market can stay stupid longer than a stupid short can stay solvent! Careful skiing!

99er · Post by **99er** » Wed Dec 21, 2011 4:24 pm

Phew.

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