02/10/2012 Intraday Watering

[BenAndLloyd]

Quatzl,
Nice chart..can you pl share the settings? TIA

[Wallstreetrader]

Target:

Cobra I never ask you if you don't mind if I put here some chart, sorry for abuse

[waverider]

No need to short the indexes today, there will probably be a retest of the highs.

[SB73]

Nothing like a slow and steady grind up to punish all of the overly aggressive bears. My box looks show that this is the weakest of the last 4 rebounds. I'll be watching the fibs to see if there is any action. Trying to not overtrade at the moment.

[quatzl]

Quatzl,
Nice chart..can you pl share the settings? TIA

Thanks. Here you go:

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =254740236

Does that link work for you?

[xglider]

This market is dying but like a zombie, keeps trying to get back up. In a ascending wedge?

[BenAndLloyd]

Quatzl...awesome. It works.

[Cobra]

I don't read this as strong rebound, so bears have hopes.

[KeiZai]

Don´t worry bears...party coming soon: http://www.portugaldailyview.com/01-wha ... -to-gaspar

[BullBear52x]

No need to short the indexes today, there will probably be a retest of the highs.

wave target and V-bottom target all pointing up and more and more people are talking about it, this make me go Hmm

[SB73]

Nothing like a slow and steady grind up to punish all of the overly aggressive bears. My box looks show that this is the weakest of the last 4 rebounds. I'll be watching the fibs to see if there is any action. Trying to not overtrade at the moment.

http://stockcharts.com/h-sc/ui?s=SPY&p= ... &listNum=1

[TraderGirl]

There looks to be support around 1326....

[Cobra]

Cobra,

if we close like this would be rare to be up big monday according to stats, correct ?

thanks.

Your new proud sub ! (yo better than pretcher and tons of others)

Thanks.

I still think it should be 2 legged down here. The 1st leg might be over, now rebound, we'd see the 2nd leg. Today's low will be revisited within the next 2 trading days.

[Denali92]

Does look like another Friday hammer - will leave people with lots of questions over the weekend....

Last time we had a down Friday hammer before opex was in January! - that caused a lot of pain for the Bears...... the one before that was in July which caused a lot of pain for the bulls....

Me? While I side with the bears.... I must admit this board feels like it is VERY BEARISH and everyone is looking for more downside.... and if there is NO catalyst over the weekend.....

Anyway, opex should be very interesting..... I will try to post some interesting analogs for next week.... the one I favour is all about a low early in the week (most likely Tuesday or Wednesday) and then a bounce in to Friday and then another low after the holiday weekend - that is a script that was followed in June of 2009, Nov 2010, April of 2011 and July of 2011....

-D

[Cobra]

my wild-est-est-est guess.

[fehro]

another look a little speculative at this point.... fwiw ...could get ugly fast.... another H&S? purple neckline... measures to 1290.

[SB73]

Does look like another Friday hammer - will leave people with lots of questions over the weekend....

Last time we had a down Friday hammer before opex was in January! - that caused a lot of pain for the Bears...... the one before that was in July which caused a lot of pain for the bulls....

Me? While I side with the bears.... I must admit this board feels like it is VERY BEARISH and everyone is looking for more downside.... and if there is NO catalyst over the weekend.....

Anyway, opex should be very interesting..... I will try to post some interesting analogs for next week.... the one I favour is all about a low early in the week (most likely Tuesday or Wednesday) and then a bounce in to Friday and then another low after the holiday weekend - that is a script that was followed in June of 2009, Nov 2010, April of 2011 and July of 2011....

-D

Interesting this is the most bullish I have seen the board since joining

[BullBear52x]

Does look like another Friday hammer - will leave people with lots of questions over the weekend....

Last time we had a down Friday hammer before opex was in January! - that caused a lot of pain for the Bears...... the one before that was in July which caused a lot of pain for the bulls....

Me? While I side with the bears.... I must admit this board feels like it is VERY BEARISH and everyone is looking for more downside.... and if there is NO catalyst over the weekend.....

Anyway, opex should be very interesting..... I will try to post some interesting analogs for next week.... the one I favour is all about a low early in the week (most likely Tuesday or Wednesday) and then a bounce in to Friday and then another low after the holiday weekend - that is a script that was followed in June of 2009, Nov 2010, April of 2011 and July of 2011....

-D

Can't wait to see your analogs, Thanks.

[SWalsh]

Coming Soon to a Town Near You

Athens...live.

http://live.reuters.com/Event/Greek_Debt_Crisis

Hear Hear

A comment made at that link by the author:

"Here's is a little fact on Greece everyone should bear in mind when thinking about bankruptcy. The service sector contributes 78.3% of Greek GDP of that over half is tied up in tourism. Now ask yourself this, if Greek goes bankrupt and there is mass social unrest how many tourists do you think will visit Greece knowing there safety could be at risk? If tourism all but dries up in Greece that so heavily depends on tourism anyone want to take a guess what the unemployment figure will be then?"

We better pray this does not happen here because contrary to what some think, modern history says the most dangerous animal is an American with it's back against the wall and anarchy is no form of government. What rise from it will be worse. Solzhenitsyn would warn us that we are pissing off the world right now, and I think he'd add the American people too... the well-armed American people. I wish Britain could be like Britain, "But There's No England Now":

[waverider]

No need to short the indexes today, there will probably be a retest of the highs.

wave target and V-bottom target all pointing up and more and more people are talking about it, this make me go Hmm

Yeah, in order to hold short for a swing I'd want to see a lot of follow through here. DX looks like a bull flag, but it may test lower first.