01/13/2012 Intraday Watering

[jarbo456]

SPY and AUD/JPY were going tick for tick today...AUD/JPY has already broken out above it's ascending triangle.

[99er]

Update

TNX http://99ercharts.blogspot.com/2012/01/tnx_13.html

For folks who prefer green sauce.

Have a great weekend!

[jarbo456]

bears are dead for the day. covering some shorts before i get my face torn off.

[stucap]

bears are dead for the day. covering some shorts before i get my face torn off.

CHOO CHOO! Mind the gap.... the train is coming...

[SB73]

Looks like QE is involved here. Not sure how else every dip could be bought. I do see that from my statistical evidences there is a high probability that today's low will be revisted.

[jarbo456]

Looks like QE is involved here. Not sure how else every dip could be bought. I do see that from my statistical evidences there is a high probability that today's low will be revisted.

does look a whole lot like 2010.

[Petsamo]

Bulls are laughing at the bears, for now

[Cobra]

exploded higher as I said. here's the target believe or not.

[taggard]

Seasonality with options expiration next week is not looking good for the bulls... Jan opex is not a good time for the bulls..

"The S&P 500 ... closed out option expiration week with a loss on 29 out of 40 occurrences (or almost 75% of the time)" Just something to consider statistically.

one way to consider this on a somewhat qualitative basis is to watch how many times you see idea turn up in the next 3 days or so. often that can mean the idea is front run which mutes all or part of the action.

from another angle if you look at mr.bachnut's stuff on nymo you will note that "there should be a down move and then an up move and then a larger down move". this could translate to a minor down move next week(maybe earlier in the week)--then up the following and then down in the very last part of jan or early feb in a more serious way.

these ideas are somewhat the same. you could call it "the see though trade" eg the trade after the (current) trade impacts the thinking now--or "if they know it bounces the down move in front of the bounce is muted--yet as the bounce happens the next (or see through) trade is down thus the move up is muted and turns into the next move (down) sooner than expected.

so the perception of the future event acts as an attractor to current action. (history rhymes rather than repeats?)

we all know the stats--so it's how we react to that knowledge that gets interesting--the first clue is how many times you see the idea (between both of us that makes 2x so far i think)

good luck with your trading

[fuddleduddle]

Can't do more QE with all this optimism. We need some panic.

Reminder Jan 24th FOMC Meeting, and Benny speaks on the 25th.

[KeiZai]

this market is so sick

[jarbo456]

feel like the bulls woke up this morning...took a look at the overnight drop and saw Dollar Tree...

hell it was a freak'n black friday sale for the bulls today.

[ken_d17]

exploded higher as I said. here's the target believe or not.

Target shows significant move. What time period are you thinking --- today ? onging until invalidated? what might invalidate? a low below current run?


Thanks for all !

[stucap]

Bulls are laughing at the bears, for now

no quite sure why more faces aren't getting pulled off right now......

[dr659]

exploded higher as I said. here's the target believe or not.

we are going back to test the recent highs

[Cobra]

exploded higher as I said. here's the target believe or not.

Target shows significant move. What time period are you thinking --- today ? onging until invalidated? what might invalidate? a low below current run?


Thanks for all !

Don't know how to answer. I don't believe it'll reach the target today though.

[Al_Dente]

sorry al, can you put up the 5 minute internals again for me? specifically 5 minute dec/adv chart...

sorry jar, almost missed yr post
5 m
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[jarbo456]

from my twitter feed from another trader: "if we close green, i'm never trading another put again"

lol

i kind of have to agree with that.

[jarbo456]

sorry al, can you put up the 5 minute internals again for me? specifically 5 minute dec/adv chart...

sorry jar, almost missed yr post
5 m
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

thanks man...

not even watching spy or /es anymore...

just watching AUD/JPY...been leading today. need it to break below it's "open" price so SPY can follow...

[mac769]

SPY leads down, so not a broad based selling yet. I'm not in bear camp yet. Well, I'm not in bull camp either. I'm watching

If the bears cannot even bring their act together with the help of Italy and France being downgraded, then this is a lost case

but on the other hand, the volume is really light, which means this market is easily being manipulated to the upside