01/25/2012 Intraday Watering

[BullBear52x]

conservative guys, wait a little more 5 or 10 minutes until SOKU agreed ha?

[EvilTrader]

Wouldnt be surprised by a < -1% gap tomorrow morning.

[BullBear52x]

check out the volume every time it spikes over 5M,

[Al_Dente]

uempel are u still here?

[thanos]

This place would be much more valuable if people wrote about what they see vs what they think will happen. I see prices at the same level as they were on Monday. Double top? beats me. Place your bets. I personally would not frontrun the Feds right now. Patience. Only another 30mins or so to make a clearer decision.

[stucap]

This place would be much more valuable if people wrote about what they see vs what they think will happen. I see prices at the same level as they were on Monday. Double top? beats me. Place your bets. I personally would not frontrun the Feds right now. Patience. Only another 30mins or so to make a clearer decision.

Good point.

[TraderGirl]

NDX needs to either break out here, or break down....

[TraderGirl]

Dollar could get support here, if it does, PM's could pull back...

[Me XMan]

Well I've got got taken out like a cheap suit

Shorts added $131.80

[Me XMan]

Ouch!

Bears = Crushed again.

The bulls are on the toilet again, making their fine bull products.

[dcurban1]

"bad" for markets, "selloff"...what language is this you speak?

This is identical to the August 2009 announcement. Here it is in layman's terms: "WE GOT NUTTIN"

The Fed has no tools whatsoever to deal with this problem they hailed Greenspan for making before they knew it was a Chinese Finger Trap. Unless they hand me free money that does not have to be paid back, my 3 year old Explorer with 23,000 miles on it has 4-5 more years in it. I have no desire to spend any money to speak of as I don't really need any big ticket item and I think I reflect most people I know. And jump start spending (they laughed at Bush after 9/11 for it but he knew what spending meant) is what they need to do for the economy and they can't. Deflation is Bernanke's nightmare and I have said it since Oct 2008. He is pushing on a string!

I agree 100%. Now that Plosser, Fisher, and Kocherlakota are non-voting members Bernanke can go full bore with making us like Japan.

[SWalsh]

But, both market and treasuries up...??? Which one wins...

That's pretty much been the Fed's desire. Drive rates so low that people must accept risk and buy equities.

I talk to a number of traders in the week who I have known for years. All believe this has become absurd. One has made many millions at at 74 no longer trades and visits his money in Europe. Were it not for a heart condition he would live in Northern Italy now. With a PhD in statistics from Yale he said this has become nothing short of foolish as we have no one, or group, with any ideas how to fix a glowingly unstable structural issue that is global. The day after the 2008 election he said most investors would do well to have the same net worth when this assault upon America that would come was over. I had no idea how prescient his wisdom was and remains.

[Petsamo]

If the Hang Seng opens tonight, they're gonna start with a monster gap up. It's hard to say for sure if they're gonna sell it.

[BullBear52x]

TLT

[Me XMan]

Try again $132.30

[cougar]

Wouldnt be surprised by a < -1% gap tomorrow morning.

YES...but not necessarily tomorrow!
Important information: today, as the indices are engineered to go up, money is going back into treasuries!!!
USE IT!

[Cobra]

I don't read it as an valid breakout yet. Travel too long to breakout, so normally the breakout might not hold, let's see.

[Me XMan]

Money piling into treas and market going up...interesting combo heh.

TLT

[stlwater]

Amen brother.. A lot of people around here have been front running (swimming against this trend) maybe even bought some TVIX yesterday, maybe some DRV... they're getting their eye-balls squeezed out. Play what you SEE not what you THINK. Good luck!

This place would be much more valuable if people wrote about what they see vs what they think will happen. I see prices at the same level as they were on Monday. Double top? beats me. Place your bets. I personally would not frontrun the Feds right now. Patience. Only another 30mins or so to make a clearer decision.

[57chevy]

I don't read it as an valid breakout yet. Travel too long to breakout, so normally the breakout might not hold, let's see.

By "traveled too long" do you mean excessive horizontal movement preceding the upward thrust?