03/09/2012 Intraday Watering

[Me XMan]

Games finance people play...more deadly than bunker buster bombs.

Without defaulting, CDS market is null and void and they can't have this happening.

isda ruled creece in default, so all cds will trigger.

it makes sense tho. u force people to accept less money they lend you. and u call it not default?
u know those cds holders are all BIG boys. u think they will let greece go?

[Me XMan]

Shorted SPY...don't play ETF anymore.

Xeman,
What do you actually short? Do you buy puts on SSO/SPY/UPRO etc or short the stock/etf directly? Thanks

[btran874]

Shorted SPY...don't play ETF anymore.

Xeman,
What do you actually short? Do you buy puts on SSO/SPY/UPRO etc or short the stock/etf directly? Thanks

You must have a 7 figure portfolio.

[stucap]

JBTFD -- this is probably just an engineered dip so the algos can get some more shorts to squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze into EOD.

[soku]

as i said, i am not bond guy. here is my calculation er, i mean guess. the greece bond haircut is 79% for now. on 3/20 isda is going to tell us the exact number. the cds is not a lot, only 3b. i think it will impact the next bail out. yes, there will be the next one pretty soon. greece lives on that.

[waverider]

What is FCX's problem

Can you elaborate? What are you expecting of it?

It is very beat up, nice fundamentals, not rallying with XME, its ETF.

Ah, thanks.

[BenAndLloyd]

Xeman,
But SPY is an ETF ...do you mean 2X/3X versions?

[Cobra]

rebound, key time. let's wait.

[Me XMan]

I'm shorting SPY only. No 2X/3X.

Xeman,
But SPY is an ETF ...do you mean 2X/3X versions?

[L_T]

What is FCX's problem

Can you elaborate? What are you expecting of it?

It is very beat up, nice fundamentals, not rallying with XME, its ETF.

Indonesia is going to renegotiate ALL mining contracts - not just the ones that have been signed since new law passed. So FCX could take a hit (unquantified at this time).

Strictly from a chart stand point FCX looks very weak IMHO. It's one I've been following that had no rebound like the broader market i.e. it's a chart that should make bears happy with it's gap down and no move back up. Also look at JOY as it's another that broke down and couldn't fill the gap back up. Seems to me that barring any crazy news they are going to both continue down.

[Me XMan]

HAHAHAHA! How I wish...
Only mid 5's...

Shorted SPY...don't play ETF anymore.

Xeman,
What do you actually short? Do you buy puts on SSO/SPY/UPRO etc or short the stock/etf directly? Thanks

You must have a 7 figure portfolio.

[BullBear52x]

as i said, i am not bond guy. here is my calculation er, i mean guess. the greece bond haircut is 79% for now. on 3/20 isda is going to tell us the exact number. the cds is not a lot, only 3b. i think it will impact the next bail out. yes, there will be the next one pretty soon. greece lives on that.

IPAD 3 announced, Greece got deal done we are moving on....No? ,more Greece talk in the future? if it's this long fundamentally it's baked in already.

[btran874]

HAHAHAHA! How I wish...
Only mid 5's...

Shorted SPY...don't play ETF anymore.

Xeman,
What do you actually short? Do you buy puts on SSO/SPY/UPRO etc or short the stock/etf directly? Thanks

You must have a 7 figure portfolio.

Good for you. No decay to deal with.

[Al_Dente]

h2oskier
very nice, I like that chart

Thanks for the input. I played with the sizes as you suggested, it does the trick! Thanks for your help!
http://stockcharts.com/h-sc/ui?s=IWM&p= ... =260414804

OOOOOOOOOOO yeowwwwzaaaaaa
Nice nice
Now just one more thing
Impt to watch $TRIN totally straight up
Or else TRIN reversed just for easy on the eyeballs viewing $ONE:$TRIN
U want an undiluted view of the volume flowing either INTO ADVANCING STOCKS or INTO DECLINING STOCKS
But that’s just IMHO
B nice to watch it ALL but we just don’t have the real estate, grumble, grumble…
GLTu
pls post updates, as no one else on board posts 1 min IWM

[EvilTrader]

BLACK MONDAY COMING !

I second that !

Reloaded shorts at retest of the top.

will take half profits and hold for traders and robots waking up in terrible mood next monday.

[btran874]

as i said, i am not bond guy. here is my calculation er, i mean guess. the greece bond haircut is 79% for now. on 3/20 isda is going to tell us the exact number. the cds is not a lot, only 3b. i think it will impact the next bail out. yes, there will be the next one pretty soon. greece lives on that.

IPAD 3 announced, Greece got deal done we are moving on....No? ,more Greece talk in the future? if it's this long fundamentally it's baked in already.

Very well said.

[Kato]

Potential IHS forming - targeting 1410 if triggered

[TraderGirl]

@TraderGirl: 1369 would satisfy wave 4 requirement. I set my range at 1366-1369 for wave 4.

???

[soku]

Xeman,
But SPY is an ETF ...do you mean 2X/3X versions?

yes i think he means don't touch leveraged etf. that's my opinion too.
if you really need leverage, try to hold couple spy options over weekend. this is a crazy market. i expect something happening over the weekend, but i don't want to bet big. every time i play option for my own account, i play small and do it "all or nothing'.
remember last oct? 1 day up 30 points then the next day down 40? at that time i thought i need a compass to figure out which way i should brush my teeth. small option play is saved my life and gave me enough exposure. i think we may see those days again

[btran874]

@TraderGirl: 1369 would satisfy wave 4 requirement. I set my range at 1366-1369 for wave 4.

???

Right on. Nice chart. Should maxed out at 1366 or perhaps give a take 1 or 2 points.