01/27/2012 Intraday Watering

[Unique]

This was funny - some guys just don't want the market to tank.

ww.png

That is true, but like in that story of the Tower of Babel, BOTS seem to have their communications mixed up and generated this monster.
I don’t trade this kind of stuff!

I don't quite understand why bulls are defending 1313, I guess I'm missing something. I see more attractive levels for a bounce a bit further down. I'm slightly more bearish than bullish, but I don't mind going long for a nice bounce, even if it's tricky.

Ascending channel line/support line dating from 12/19

[KENA]

FYI ..Inflowing liquidity had a hi peak on Wed..Yesterday had a small dn tick..Today looks like another dn tick..For mkt dn move it has to break 1313/1310 then 1308/1306 otherwise sidways.

[uempel]

Thanks unique!

[jarbo456]

This was funny - some guys just don't want the market to tank.

The attachment ww.png is no longer available

That is true, but like in that story of the Tower of Babel, BOTS seem to have their communications mixed up and generated this monster.
I don’t trade this kind of stuff!

I don't quite understand why bulls are defending 1313, I guess I'm missing something. I see more attractive levels for a bounce a bit further down. I'm slightly more bearish than bullish, but I don't mind going long for a nice bounce, even if it's tricky.

this is what i'm seeing a little longer term. this levels looks marginally important...

[waverider]

321 crack spreads are ripping higher, gold up 10.8% YTD.

[BullBear52x]

Small caps and Emerging markets currently inverse the S&P. The true risk on trade seems alive and well for right now.

With this type of divergence on IWM I would say last push unless we trade it to new high, for now bearish.

[jarbo456]

This was funny - some guys just don't want the market to tank.

ww.png

That is true, but like in that story of the Tower of Babel, BOTS seem to have their communications mixed up and generated this monster.
I don’t trade this kind of stuff!

I don't quite understand why bulls are defending 1313, I guess I'm missing something. I see more attractive levels for a bounce a bit further down. I'm slightly more bearish than bullish, but I don't mind going long for a nice bounce, even if it's tricky.

Ascending channel line/support line dating from 12/19

like you said. lol

[wayne0708]

nothing to say, it's consolidation. you can see the pattern as descending triangle so a little bit in favor of bears.

what are odds 60/40 for bears?

[SB73]

Small caps and Emerging markets currently inverse the S&P. The true risk on trade seems alive and well for right now.

With this type of divergence on IWM I would say last push unless we trade it to new high, for now bearish.

Not disagreeing, just really trying to get a read on the tape. Even everybody's favorite TVIX (which I traded once and got killed on) was up 4% in the pre-market and is now down.

[thanos]

Small caps and Emerging markets currently inverse the S&P. The true risk on trade seems alive and well for right now.

With this type of divergence on IWM I would say last push unless we trade it to new high, for now bearish.

Curious, have you ever looking into the success rate of trading divergence?

[yjin76]

sup cobra, looks like today will be more red ?

[stucap]

sup cobra, looks like today will be more red ?

aha! please join my prayer circle

[Unique]

Small caps and Emerging markets currently inverse the S&P. The true risk on trade seems alive and well for right now.

With this type of divergence on IWM I would say last push unless we trade it to new high, for now bearish.

Curious, have you ever looking into the success rate of trading divergence?

Sorry to interpret.

I find divergences only tradable with a high probability when met with a large resistance or support level depending on which side you are trading. 12/19 bottom comes to mind.

[waverider]

This is nuts.

http://www.bloomberg.com/apps/quote?ticker=CRK321M1:IND

[Unique]

sup cobra, looks like today will be more red ?

aha! please join my prayer circle

We're preying the bulls for next week

Daily MACD is like bear porn ...

[SWalsh]

SWalsh: Any thoughts on this chart then?

"Whoa I tell ya...tough crowd....tough crowd".

I saw Dangerfield around 1988 at an affair for 45 minutes. The guy was great!

[Cobra]

still in triangle.

[soku]

This was funny - some guys just don't want the market to tank.

ww.png

That is true, but like in that story of the Tower of Babel, BOTS seem to have their communications mixed up and generated this monster.
I don’t trade this kind of stuff!

I don't quite understand why bulls are defending 1313, I guess I'm missing something. I see more attractive levels for a bounce a bit further down. I'm slightly more bearish than bullish, but I don't mind going long for a nice bounce, even if it's tricky.

on my count, es 1308-1309 is the line for do or die. the equivalent in spx is +4.25 which is 1313-1314 area. if lost i don't think they could put together def around 1300, we will go straight to 1285-1290 area.

[yjin76]

sup cobra, looks like today will be more red ?

aha! please join my prayer circle

for sure

[proteus46]

I don't think the market will go higher until financials get through this area of resistance.
Earnings are in, what's left to be a catalyst for financials?