01/27/2012 Intraday Watering

[ClarkW]

Anybody else have tomorrow as a Bradley Turn Date?

[ccash04]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

[jarbo456]

Did you guys check out F ? They must've given bad news

top line gain...

bottom line miss...20 vs. 25 cents eps.

[EvilTrader]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

[SWalsh]

Gap down, below yesterday's low so there's a chance the gap won't be filled. The next support is the blue line below.

Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.

So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.

Classic TA working for a change would be nice!

target should be just under 131.

Unless that's part of a failed 5th wave of the move up, in which case it's THE turning point. And yes, I wish I had a degree in computer science. This economics one sounds good at a cocktail party, but gets me in more trouble than it was ever worth. 4 years in a machine shop would have been better!

[SB73]

I'll have to go back and check, but I am guessing its been nearly 2 months since the bears were able to hold an intraday gap.

[ccash04]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

any timeframe, we sold off for like 3 or 4 hours yesterday that's enough to make the market super oversold and primed for a huge bounce.

[waverider]

PAGING GOLD, SILVER and WAVERIDER

“The Federal Reserve on gold and silver”
http://www.marketwatch.com/story/the-fe ... atest_news

Even more interesting “analysis/kool-aid” found when u click the embedded link to Aurora Report; glance at 5 stages charts…

Yes, the policy is quite bullish for both until 2014, thanks for the link. How many days has it been since SPY has broken a trendline?

[jarbo456]

Gap down, below yesterday's low so there's a chance the gap won't be filled. The next support is the blue line below.

Global ES is clearly the 2nd leg down. Again watch the blue line below. Not a little bigger rebound is allowed there because if indeed, it'd be clear overlapped 2 legs pullback therefore corrective, the bears game will be over soon.

So again, 2 points to watch: Blue line support and whether the pullback is sharp enough.

Classic TA working for a change would be nice!

target should be just under 131.

Unless that's part of a failed 5th wave of the move up, in which case it's THE turning point. And yes, I wish I had a degree in computer science. This economics one sounds good at a cocktail party, but gets me in more trouble than it was ever worth. 4 years in a machine shop would have been better!

i kick myself on a weekly basis that i didn't study comp sci. econ/east asian studies from UPenn...

i'd rather have gotten a comp sci degree from Rutgers (i'm from NJ originally).

[SWalsh]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

Got some credentials and statistics, as well as a massively profitable P/L, to make such a statement?

If the reasoning starts with "I think....", worry about yourself...I, for one, don't need condolences.

[Unique]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

any timeframe, we sold off for like 3 or 4 hours yesterday that's enough to make the market super oversold and primed for a huge bounce.

Yeah? And we bounced over 100 SPX points from end of Nov. Overbought to me

[SB73]

I'll have to go back and check, but I am guessing its been nearly 2 months since the bears were able to hold an intraday gap.

I am wrong January 13th, then Dec 14th were both held

[jarbo456]

to anyone short, my condolences, this market is ready to explode to the upside, its so oversold right now.

what time frame ?

any timeframe, we sold off for like 3 or 4 hours yesterday that's enough to make the market super oversold and primed for a huge bounce.

mildly, if that, oversold on the 15 minute charts at the open. bounce is over...think we head down from here.

i'm only slightly bearish, 2 contracts of /ES short - the rest of my trades are in single name setups.

trying to chase SPY around is being cannon fodder for the market makers these days...IMO.

or rather...i'm just not a good enough trader to go after it.

[toplight]

It's interesting that SPX's only 1% from year high that the bears sound like already celebrating. Disclaimer: I currently long both ES and TVIX

[uempel]

Update SPX:

[SWalsh]

i kick myself on a weekly basis that i didn't study comp sci. econ/east asian studies from UPenn...

i'd rather have gotten a comp sci degree from Rutgers (i'm from NJ originally).

Hell, I'd take it from a matchbook cover...LOL

Rutgers is a fine school and they probably had a decent program. I think Steven's Tech would have been good, but I believe that's not that far below MIT as to getting into for the last 30 years. I lived in NJ for 20 years and I am VERY glad to have left it 10 years ago, except for having been 20 minutes from Sandy Hook and the beaches which I do miss.

[jarbo456]

paging cougar...

think CRR might be the best trade of the year so far for me.

sold 20 Feb. 120 Calls
bought 20 Feb 100 Puts

i may be able to recover the loss on the call leg of the strangle...

[Cobra]

some resistances here. I won't hope much though.

[cougar]

paging cougar...

think CRR might be the best trade of the year so far for me.

sold 20 Feb. 120 Calls
bought 20 Feb 100 Puts

i may be able to recover the loss on the call leg of the strangle...

Very nice! Congrats!
I am also watching your FTK. Chart soon...
Not in yet ...but ready!

[uempel]

This system courtesy Rolf Bertschi/Credit Suisse shows that SPX is slowly rolling over - no upwards momentum on weekly and daily and downwards pressure slowly increasing. Interesting that BPSPX rose a bit yesterday - don't quite understand the divergence. My guess is that BPSPX will turn down and follow the CS system, which is more precise.