09/15/2011 Intraday Watering

[mac769]

C&H target.

yes, this is true, but might be an inverse butterfly in the 10yrs forming, not a good sign for the bears

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[Cobra]

I think Bears are difficult to find the backup in few coming days: Greek debt faded, Italy parliamentary approval for a 54 billion-euro ($74 billion) austerity package http://www.bloomberg.com/news/2011-09-1 ... ament.html. The Q3 windows dressing. Not mention the EQ3 or something alike hope.

It is my personal dilemma when I find the support above and the pressure below (sell when SPY<MA200, up 4 consecutive days):

that had 68% chances. It's a win last time, so hard to say this time.

[shumushu]

I am bear but I am worried.

The QQQ and SOX have been very strong. For now, it certainly feels like a lot of choppiness.

[mac769]

that looks like exhaustion on the 5 minute.

I would not (yet) count on it really

[wower]

last count, any bears left? I see lots of brave bears. any more claws?

I am bear

[jarbo456]

that looks like exhaustion on the 5 minute.

I would not (yet) count on it really

true. looked good, and now not so much.

[uempel]

Looking at MAs and BBs:

[stockcycle]

I think Bears are difficult to find the backup in few coming days: Greek debt faded, Italy parliamentary approval for a 54 billion-euro ($74 billion) austerity package http://www.bloomberg.com/news/2011-09-1 ... ament.html. The Q3 windows dressing. Not mention the EQ3 or something alike hope.

It is my personal dilemma when I find the support above and the pressure below (sell when SPY<MA200, up 4 consecutive days):

that had 68% chances. It's a win last time, so hard to say this time.

Thank you Cobra,
May be I close my longs and be waiting for tomorrow open - It's short term, day trade view only.

[mac769]

last count, any bears left? I see lots of brave bears. any more claws?

yes, after we visit 1220+ on the S&P 500

as I said yesterday, to hang on to shorts now needs really nerves like steel

[Cobra]

hmm, still many bears. let's if this forum is majority rules or minority rule.

[Petsamo]

So far so good for da bulls. Someone recommended subscribing to stockcharts.com. Well, tell 'em their overseas charts need updating. India closed over ten hours ago and a day candlestick is missing. The BSE Sensex closed at 16,876.54

[Cobra]

bulls have one hour left. again, i don't mean it will drop immediately, in fact I'll buy the next dip.

[EvilTrader]

cautious bear here !

[grachu]

Cobra are saying

1. tomorrow still up day?
2. You are still positive about rebound failing ?

[Al_Dente]

Who’s behind rally continued:
bonds yes, dollar yes
but my favorite crackpot-indicators are saying toppy toppy
so im still dickin

[rola]

Bear Rola here, the fact is that two days ago everything was bad, and now they want as to belive that now everything is O.K., but it is not, Greece will still go bankrupt, US economy is still in dip shit, so I just do not belive that the stock will just rise and rise...

[bushwaffle]

Bear Rola here, the fact is that two days ago everything was bad, and now they want as to belive that now everything is O.K., but it is not, Greece will still go bankrupt, US economy is still in dip shit, so I just do not belive that the stock will just rise and rise...

second that, but opex may be screwing me

[mac769]

bulls have one hour left. again, i don't mean it will drop immediately, in fact I'll buy the next dip.

yes, I agree because of the fact that now the largest Central Banks in the world have agreed to inject liquidity in the market until next March

as there is a saying: Dont fight the FED, so I would even less dare to fight the Central Banks of the US, EU, Britain, Japan and Switzerland altogether...

and if you do, you can end up like the UBS rogue trader who lost 2 billions (probably in currency ETFs against the Swissie)

http://www.bloomberg.com/news/2011-09-1 ... -loss.html

[Cobra]

Cobra are saying

1. tomorrow still up day?
2. You are still positive about rebound failing ?

I'm saying today's high will be revisited.

[rola]

If everything is O.K., why would do that, maybe they are preparing for something big, bot no positive thing!!