01/25/2012 Intraday Watering

[SWalsh]

Knee jerk reaction we've seen in the past.

Generally this has been a fade, and if wrong, you know quickly. We'll see soon enough.

They keep producing drinking water from sea water and handing it to a drowning man.

That sounds like Saudi Arabia ... About the water ...

Are you telling me that when the oil runs out there, they will sell us our drinking water????

I'm locked in a Kafka novel!

[stucap]

If H&S works out SPX might rise to 1324ish. But I'm closely watching 1313.

zz.png

RISK ON!

[proteus46]

Bought 20 Jan-27-12 $30 puts @ 5 cents - total 50 contracts - no guts no glory

I'm not advising anyone to follow

[bushwaffle]

"bad" for markets, "selloff"...what language is this you speak?

This is identical to the August 2009 announcement. Here it is in layman's terms: "WE GOT NUTTIN"

The Fed has no tools whatsoever to deal with this problem they hailed Greenspan for making before they knew it was a Chinese Finger Trap. Unless they hand me free money that does not have to be paid back, my 3 year old Explorer with 23,000 miles on it has 4-5 more years in it. I have no desire to spend any money to speak of as I don't really need any big ticket item and I think I reflect most people I know. And jump start spending (they laughed at Bush after 9/11 for it but he knew what spending meant) is what they need to do for the economy and they can't. Deflation is Bernanke's nightmare and I have said it since Oct 2008. He is pushing on a string!

I believe you (short since 1-19 and needing 130.5 to get out), but I don't think the market does.

[Al_Dente]

something is beeping
aaaaaa tick

[TraderGirl]

I usually take multiple dates and directions, and correlate to the current market conditions. Like Silver and Oil, yesterday and today was a turn date, but it may turn back up with the market this week, then fall next week with the market, if it starts to sell off.[/quote]

Another thing I wanted to say was that even though yesterday/today was a turn date, Weds and Thurs has a Venus/Moon conjunction, so that can be a positive aspect that could potentially hold the market up before it finally turns down, so you have to look at all conditions...[/quote]
___________

This is Venus in action as I said yesterday...check out silver, had a turn down yesterday, but followed the market back up today. Don't mess with Venus...she likes to make the markets rise....

But, both market and treasuries up...??? Which one wins...

[Me XMan]

Shorts added $131.80

[jarbo456]

i faded...and it was obviously wrong. taking my bump here. dollar doesn't look good at all.

Uncle Al, I'll shoot over the longer term EUR/USD picture as I see it in a few.

[thanos]

Shorts added $131.80

patience...nothing pointing to a drop. Frontrun and get run over.

[SWalsh]

Guess I timed that gold buy exactly right - how high will it go?

Until such point as the government decided that we WILL trust fiat money because they will deem barter in gold coins, or gold melted from coins, to be a serious felony. France already has some restrictions on, I think, purchases.

If that happens, and the Central banks have lost control of gold prices, they will intervene.

[Petsamo]

Can't short just yet. XME, EWZ, XOP, EWG, SPY still punching up. IWM looking tired, though

[Petsamo]

SPY 132.xx is previous high

[Cobra]

The previous high is the only resistance left.

[Richarab]

Out gold futures - +38
Goodness
Would hold but... Plane actually about to leave - stewardess is glaring at me .... Talk later -
I think its going to deflate
Vxx spreads are rising


---
I am here: http://maps.google.com/maps?ll=17.993494,-92.820054

[Al_Dente]

Europe and China liked that news
http://stockcharts.com/h-sc/ui?s=EWG&p= ... =252930266

[Mr. T]

Bears = Crushed again.

The bulls are on the toilet again, making their fine bull products.

[Cobra]

testing the previous high as I said. lunch time. I'll be back.

[HappyFriday]

Look like US economy is in big trouble again. That makes Feb hold low interest rate until late 2014. Sooner or later, US economy will become Japan dead economy for 10 more years. Keep the rate too low for too long is not good for long run.

[SB73]

Bears just about to capitulate. Check out the VIX. TVIX getting absolutely slaughtered. I can smell it, but I won't trade it. The panic buying is just about to end IMO.

[BullBear52x]

Love this set up