01/24/2012 Intraday Watering

[jarbo456]

For Al, forks are there...

you short /CL? i am from a day or two ago.

[TraderGirl]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

Who is coming for dinner?

[dr659]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

Who is coming for dinner?

Blonde

[champix]

For Al, forks are there...

you short /CL? i am from a day or two ago.

I was long this morning (thanx to the forks), now no poz... I think I goona short @ 99.30-99.40

[johnnywa]

Could test 1320 today,quite the turn around

[SWalsh]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

I had forgotten that. Thanks.

If the machines break yesterday's spike low that got a kick save (SPY 131.25) I guess like a Castro speech, all will come out to buy for tonight. The HFTs and algo bought the market near the lows and clearly pushed it higher. It's a great quid pro quo they have going. "We'll bail you out, but you have to support the mkt". Anyone not sure of that, check YouTube and Joe Saluzzi and his thoughts on what the mkt is now.

[cougar]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

Who is coming for dinner?

Blonde

Maybe…but before that, Tim and Ben will create the right atmosphere of market enthusiasm, with some help from chef Emeril!
The point is: I am not expecting a spectacular drop today!

[trader0303]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

I had forgotten that. Thanks.

If the machines break yesterday's spike low that got a kick save (SPY 131.25) I guess like a Castro speech, all will come out to buy for tonight. The HFTs and algo bought the market near the lows and clearly pushed it higher. It's a great quid pro quo they have going. "We'll bail you out, but you have to support the mkt". Anyone not sure of that, check YouTube and Joe Saluzzi and his thoughts on what the mkt is now.

Walsh, how do you like HFT Alert program? Worth buying? Anyone else try it?

[Me XMan]

They took me out to the back woodshed 131.05

Piled on the short bus $130.85

[TraderGirl]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

Who is coming for dinner?

Blonde

You calling me Blonde?? I didn't know if it was a saying (which I was unaware of) or if he was asking me a question, so I was trying to be polite....

Please let me know if you are really being that immature....???

[Cobra]

nothing to say, people aggressively buying every dip.

[SB73]

Low for the day posted in the first 10 minutes...nice. Looks like we are in full QE mode which is buy every dip. I must obey until it turns on me. Long with a stop at 130.90.

[Al_Dente]

5 MIN
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

SWALSH
I appreciate yr “HFT” posts, and occasionally i even understand them.
Dumb Q: How is “quote stuffing” different now than the old-time “market makers” retracting their bids/offers at the first sign of a real order
(other than today it is all a zillion times faster)?

[Cobra]

at least the measured move target reached, well, almost.

[SWalsh]

Unfortunately, I think this may end up being a buy the dip kind of day. Still looking for a turn down by this Fri or next Monday...??

Today is the day of the Presidential Address!
Guess who is coming tonight for dinner?!

Who is coming for dinner?

I just read Warren Buffet's secretary to sit with Hillary Clinton. It's a Kafka evening!

[jarbo456]

For Al, forks are there...

you short /CL? i am from a day or two ago.

I was long this morning (thanx to the forks), now no poz... I think I goona short @ 99.30-99.40

i should've covered my short this morning. oh well, i got in at 99.50. so i'll hold for now.

[fehro]

H&S neckline retest?.... or a green bullish falling wedge? for one more pop to the top

[climbera5]

5 MIN
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249026794

SWALSH
I appreciate yr “HFT” posts, and occasionally i even understand them.
Dumb Q: How is “quote stuffing” different now than the old-time “market makers” retracting their bids/offers at the first sign of a real order
(other than today it is all a zillion times faster)?

From what I read on the HTF site, quote stuffing is used to slow the system down, making it difficult to fill orders in the 'wrong' direction, and allows the HTF's to manipulate the direction of the trade more easily. I don't use the system but from what I read, the divergence between price action and their 'accumulator' looks like a useful trading tool. The rest is just telling you in hindsight that the recent price action was due to HTF, not longer term players. If HTF's are active, then the price action is suspect

[Cobra]

trend line support as well as EMA.

[BullBear52x]

bear flag, and look my RSI at the right chart, flat to lower me thinks