02/06/2012 Intraday Watering

[Cobra]

lunch time, will be back. maintain the plan, unless a strong push up here.

[SB73]

Good grief this is brutally slow. Cobra do you have any thoughts on UNG or GAZ?

UNG has some hopes now, could be double bottom in the forming.

I see the same on UNG. Wouldn't dare get too greedy since this has been a total dog.

[Wallstreetrader]

I am impressed you want short these animal here , maybe I will join to you

[TWT]

SPX : It would be reasonable to expect at least a corrective ABC down

[dcurban1]

Good grief this is brutally slow. Cobra do you have any thoughts on UNG or GAZ?

UNG has some hopes now, could be double bottom in the forming.

I see the same on UNG. Wouldn't dare get too greedy since this has been a total dog.

UNG and GAZ trade based on the weather. The warm winter is exacerbating the oversupply of natural gas in this country.

No matter what the technicals I would not touch it with a 10 foot pole.

[rhight]

I'm not an expert in EW, but I do a simplified calculation (based on the work of Robert C. Miner) when I see an obvious pattern. Compare the following to charts to see that we are in the area of a possible conclusion to a 5 wave pattern:

[Al_Dente]

VIX reading could muck your trade careful.

wallstreet what does muck your trade mean?
TIA

[SB73]

Appreciate the thoughts. I am buying purely on what I see as reasonable technicals.
Purchase 5.34 Stop 5.18

[SWalsh]

still could see as overshot. I'm neutral now. boring.

Could be finishing an ending diagonal that fails to make a new high and drop any moment too!

[Al_Dente]

TNX is relentless
But the bots are quiet and no negative ticks.... yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Édith Piaf … http://www.youtube.com/watch?v=slHjkszS ... re=related

[SWalsh]

Says it all:

[EvilTrader]

Says it all:

lol.

A flash crash would be very welcome !!

[99er]

So what is "hasta manana" in Greek?

(Reuters) - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.

Ouzo for lunch?

[Wallstreetrader]

Could we have into spy island reversal ?

[Unique]

Says it all:

lol.

A flash crash would be very welcome !!

Just too bad after the first orchestrated scam, they put circuit breakers in place

[Cobra]

ok, the pullback is a little larger than I thought but still goes as planed. I have to leave around 2 hours, hopefully could be back before 4pm ET.

[Cobra]

ok, the pullback is a little larger than I thought but still goes as planed. I have to leave around 2 hours, hopefully could be back before 4pm ET.

ok, got to go. looks like a small bear flag, so may continue lower eventually.

[SWalsh]

Some HFT hitting upward here, but not all that large:

[Unique]

萬事具備,只欠東風

[SWalsh]

Says it all:

lol.

A flash crash would be very welcome !!

Just too bad after the first orchestrated scam, they put circuit breakers in place

I think that if selling hits, and we would need something like 4-5 days of last hour selling to think money managers are looking to get out, they now have the ability that was demonstrated on August 9th when they stuffed the quote system so full of garbage that they were able to prevent orders from entering and take futures up. It's why these machines must be removed as they are going to pick the market clean of players and even investors. But I think we have good odds at them nationalizing retirement plans when that happens. "Never underestimate the steps a government will take to perpetuate its existence"