03/13/2012 Intraday Watering

[BullBear52x]

Come on f'er sell it hard...you m'f'er

Just don't get drunk

[Tabby]

For what it is worth I got a P bar on IWM at 81.40 about 1/2 hr ago.

I don't see a p-bar on ScottradeELITE or marketwatch.com

What do you see on low of today printed on Scottrade on IWM?
I see 81.4046

[BullBear52x]

OK here is hard cold fact, SPY is up and break out confirmed.

[BullBear52x]

PP here too, no bear in sight.

[stucap]

Descending Triangle? Maybe......But we all know how one resolved yesterday... UP!

Should fade now if the pattern if true --- if not --- see yesterday.

[btran874]

The asian market and european market gonna push this market up even further overnight after the "rosy outlook" statement of helicopter ben.

[Cobra]

update. still no clue but I guess bears are over.

[stucap]

Descending Triangle? Maybe......But we all know how one resolved yesterday... UP!

Should fade now if the pattern if true --- if not --- see yesterday.

Yes, not. See yesterday. Hello 1400 --- it's been forever since we last met. I'll see ya tomorrow if you don't mind me stopping by?

[BullBear52x]

I am out the here, Thanks Cobra and everyone. GLTA

TA note: No long for me, squeeze is coming without me in it.

[jarbo456]

hey look...3pm spike.

does anyone have a really good, well cited reason for why so many buy programs hit the market at 3pm?

[Cobra]

wow, we're going up to Galaxy far far away from here I guess.

[Al_Dente]

its the banks
KBE
FAS
etc

[Petsamo]

For what it is worth I got a P bar on IWM at 81.40 about 1/2 hr ago.

I don't see a p-bar on ScottradeELITE or marketwatch.com

What do you see on low of today printed on Scottrade on IWM?
I see 81.4046

I see that but that must have occurred this morning

[stucap]

hey look...3pm spike.

does anyone have a really good, well cited reason for why so many buy programs hit the market at 3pm?

Because:

a) at 3pm no one notices the added volume
b) at 3pm all the mutual funds and etfs come in to reposition and it gives programs more market orders to screw over
c) at 3pm technicians generally know the direction of the market so the programs can take advantage
d) because they can....and will....until someone stops them...which will be never....because as long as they don't f up and sell the market and cause an unexpected dip that doesn't get bought...everyone is happy...and no one asks questions.

[btran874]

I made the biggest newbie mistake this morning. Trying to short a Wave 3 impulse up. LoL....

I am laughing so hard I just fell out of my chair.

It is confirmed 100%, yesterday drop to 1366 was in fact wave 2. Now we are in the middle of wave 3 up. The asian market and the european market tonight will push this further after the "rosy outlook" statement from helicopter Ben.

[Me XMan]

Okay market can go down now...I just caved in

[lcgllc]

JPM increased div. announce buyback....

[Cobra]

VIX still strong. I don't understand.

[SB73]

Cobra,

Your 139.29 target was hit and I am out of my long....nice call.

[jarbo456]

hey look...3pm spike.

does anyone have a really good, well cited reason for why so many buy programs hit the market at 3pm?

Because:

a) at 3pm no one notices the added volume
b) at 3pm all the mutual funds and etfs come in to reposition and it gives programs more market orders to screw over
c) at 3pm technicians generally know the direction of the market so the programs can take advantage
d) because they can....and will....until someone stops them...which will be never....because as long as they don't f up and sell the market and cause an unexpected dip that doesn't get bought...everyone is happy...and no one asks questions.

it's become so common place...i'm surprised it's not talked about on CNBC. i mean even those idiots must notice this constant and repetitive practice of ramping at 3...