01/05/2012 Intraday Watering

[Mr. BachNut]

$BKX at HoD

While SPY -0.58% today, $BKX quietly +0.27% and appears to be starting 2nd leg up today imo

I am shorting FAS, so long I still get LL I wouldn't bet anything will change soon, without financial help today SPX would have been with RUT/IWM already.

Follow the money.

Went long at 10:20AM after bkx broke above yesterday trading range.

Scanning individual stocks last night, a lot of regional banks stuck out with real nice looking charts. Money started flowing into this sector late last year. They had the look of something that could run for awhile.

[johnnywa]

Well I answer my own question on consolidation.Until we break 1265 we will keep attemping new highs.So short at new highs and cover if 1265 does not break

[99er]

Update

NDX http://99ercharts.blogspot.com/2012/01/ndx_05.html

Tabby

Slight extension from yesterday's high.

[stucap]

Eur keeps making new lows.....

And you are all watching equity....

I guess I missed the memo...

[stlwater]

Sure are a lot of bears here. Oh well. That's what makes a market. Nice to be called a "bull-tard" though. I really like that.

[HappyFriday]

This market is strong ! Open low low lower, then go high high higher.
Look like fund managers are buying all the hates (BAC,FSLR,RIMM...) and selling all the loves.
1300 S&P is coming soon.

[CognitiveDissonance]

Sure are a lot of bears here. Oh well. That's what makes a market. Nice to be called a "bull-tard" though. I really like that.

bull-tard??? what was up with that?

[99er]

Update

TNX http://99ercharts.blogspot.com/2012/01/tnx.html

[Tabby]

Update

NDX http://99ercharts.blogspot.com/2012/01/ndx_05.html

Tabby

Slight extension from yesterday's high.

Thanks. I just woke up. Missed the whole thing.

[stlwater]

Don't know.. but this rocket is about to launch.. I bought my tickets weeks ago

Sure are a lot of bears here. Oh well. That's what makes a market. Nice to be called a "bull-tard" though. I really like that.

bull-tard??? what was up with that?

[cougar]

which one?

lol. Looks like we have to use the "ignor" button when noobs try to tell people who have been trading for years how to trade. Had to say it. Thanks for updates chartists.[/quote]

"waverider": LOL! You are right!
On Tue 01/03 someone asked here:
"Is silver trying to make a run to test the high?”

To which I answered, hoping to be helpful:
“Probably not right now...It has to rest. Maybe later…”
and I showed a cart which - I thought - was illustrating my point…

But this was not the answer that our fellow was expecting. So, he got upset, arrogant and replied:
“rest shmest
That puppy (slv, agq) is trying to double top/new hi (intraday) at gap resistance”

But only 1hr and 10 min later, the same guy posted:
“silver underwater”.

...LOL! ...Funny?

Well...look what happened to SLV in the meantime…on the chart below…But I learned my lesson:
Never try to help an old lady cross the street, unless she really wants to!

[tdo722]

sold my long scalp position for a nice profit. BKX approaching upper trendline resistance.

[Petsamo]

Here comes the bad news

[Al_Dente]

Sure are a lot of bears here. Oh well. That's what makes a market. Nice to be called a "bull-tard" though. I really like that.

Dear stlwater
Did you post a chart today? Or yesterday? Or the day before?

“I've learned that you shouldn't go through life with a catcher's mitt on both hands; you need to be able to throw something back.…” [Maya Angelou, Poet]

[dcurban1]

Sure are a lot of bears here. Oh well. That's what makes a market. Nice to be called a "bull-tard" though. I really like that.

Not sure we are all bears. Very realistic here. Not up or down just what the data tells us.

[waverider]

PLW is clearly on a diet, moves too slow for me anyways. SPY struggling at Cobra's resistance, but trend is still up for now.

[SB73]

Call me crazy, but this looks more like a turn rather than a launch. I still believe we will finish today red and tomorrow is bearish biased. I am on the sideline.

[johnnywa]

Sure are a lot of bears here. Oh well. That's what makes a market. Nice to be called a "bull-tard" though. I really like that.

Not sure we are all bears. Very realistic here. Not up or down just what the data tells us.

Just make money whether your on gondola or sking

[Al_Dente]

which one?

lol. Looks like we have to use the "ignor" button when noobs try to tell people who have been trading for years how to trade. Had to say it. Thanks for updates chartists.

"waverider": LOL! You are right!
On Tue 01/03 someone asked here:
"Is silver trying to make a run to test the high?”
to which I answered, hoping to be helpful:
“Probably not right now...It has to rest. Maybe later…”
and I showed a cart which - I thought - was illustrating my point…
But this was not the answer that our fellow was expecting. So, he got upset, arrogant and replied:
“rest shmest
That puppy (slv, agq) is trying to double top/new hi (intraday) at gap resistance”
But only 1hr and 10 min later, the same guy posted:
“silver underwater”.
...LOL! ...Funny?
Well...look what happened to SLV in the meantime…on the chart below…But I learned my lesson:
Never try to help an old lady cross the street, unless she really wants to![/quote]

Cougar, that fellow was me
SLV did indeed make a run for the high and failed one hour later
Sorry you thought I was arrogant and upset, i was watching it test the high on a five minute timeframe and it failed.
I apologize if my comments insulted you, they were not intended as an insult.

[tdo722]

So tempting to short XLF right here.