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12/21/2011 Intraday Watering

http://bbs.cobrasmarketview.com/viewtopic.php?t=403

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Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:11 pm
by Al_Dente
XIV squeeze
XIV

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:13 pm
by jarbo456
ending green today seems like it would be bad for bears.

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:14 pm
by L_T
Think I'll be buying SDS puts at 3:59 pm if the markets stays strong. Will look to exit them tomorrow. I won't bother to post a chart because I've had luck with daily price bars where we have a "breakout" day (yesterday), followed by a "not much action either way" day (today), followed by a "continuation of new trend" day (hopefully tomorrow). Buy on the "not much action either way" day and sell the next day and things have worked well so far.

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:14 pm
by Cobra
target reached.

12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:14 pm
by Richarab
tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow. :)
Word 8-) viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it. :)
Jobs report of late - bogus accounting - I am convinced they are counting temp work for the holidays - 50,000 extra jobs, but really just high school kids wearing super Mario costumes outside GameStop during Christmas break.....

Sorry but feeling a touched jaded - sitting here in Trader VIX sipping gin and juice


---
I am here: http://maps.google.com/maps?ll=22.054059,-159.325917

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:15 pm
by Al_Dente
squeeze BAC (big), T, just starting in DIS, others too

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:15 pm
by tdo722
Richarab wrote:
tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow. :)
Word 8-) viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it. :)
Jobs report of late - bogus accounting - I am convinced they are counting temp work for the holidays - 50,000 extra jobs, but really just high school kids wearing super Mario costumes outside GameStop during Christmas break.....

Sorry but feeling a touched jaded - sitting here in Trader VIX sipping gin and juice


---
I am here: http://maps.google.com/maps?ll=22.054059,-159.325917

Laid back. :)

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:16 pm
by Cobra
volume surge, largest bar, overshot, so might see a pullback of some kind here.

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:16 pm
by GreedyKojiro
tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow. :)
Word 8-) viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it. :)
Right, but I wont keep longs over this weekend. I will close all positions tomorrow. We don't know if the S&P will downgrade Europe or not. Fitch gave negative outlook to France 3 days ago. The S&P has been quiet for now...

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:16 pm
by fehro
Stall here?.... or pop higher?

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:18 pm
by tdo722
GreedyKojiro wrote:
tdo722 wrote:
GreedyKojiro wrote:
tdo722 wrote:
silicon_beaver wrote:will close a red Doji. SPX down several points.

and if VIX closes a hollow red candle, then tomorrow bears are happy.
More likely it will be an inside bar breakout just like Nov 28th aka yesterday, Nov 29th aka today, Nov 30th aka tomorrow. :)
Word 8-) viewtopic.php?f=2&t=402&p=51564#p51564
Tomorrow will be break out just like Nov. 30th. You can kind of guess the job numbers tomorrow to be positive based on recent developments and such. The GDP is the unknown. But hell, if you can kind of guess a positive of 1/2 things, then I'd say go for it. :)
Right, but I wont keep longs over this weekend. I will close all positions tomorrow. We don't know if the S&P will downgrade Europe or not. Fitch gave negative outlook to France 3 days ago. The S&P has been quiet for now...
Who in their right mind would hold over the holidays. :)

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:19 pm
by 99er
Richarab: "sipping gin and juice"

What? No Saudi Champagne?

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:20 pm
by Cobra
testing yesterday's high, key time.

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:20 pm
by 99er
Double Top?

F*ck me if not.

12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:20 pm
by Richarab
99er wrote:Richarab: "sipping gin and juice"

What? No Saudi Champagne?
Escaped to Hawaii for Hannakuh.... Gin and juice (preferably POG)

:-)


---
I am here: http://maps.google.com/maps?ll=22.054017,-159.326079

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:21 pm
by wishful
Cobra wrote:testing yesterday's high, key time.
So if today close in green, will it invalid yesterday's assumption in short term (red today, MDD low will be revisited?)

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:22 pm
by Al_Dente
XOM, MRK etc start squeeze
Bull revenge, covering into the close?
Protect yrslf


http://www.youtube.com/watch?v=mAPvi9Oe ... re=related

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:23 pm
by bullybear
Al_Dente wrote:
BullBear52x wrote:I just try to short SSO again to test the water, no shares available, not that I want to short it, just want to see how easy to borrow share here. hmmmmmm.
Just Al beating a dead horse again: old days “TEST THE WATER” was the exact term we used. Before computers, only way to see was to throw in a small buy or short order to “test the waters” we were watching for 1) how quick the execution, meaning were they dying to give it to you quick or slow and hard to get 2) at what price, was it better price than u asked for, oy.
These days with computers ruling the markets, I don’t understand the signals as well, or maybe I do ??
ATTENTION: WE WERE JUST TOLD THAT BB CANNOT BORROW SHARES SSO, TOO MANY SHORTS OUT THERE.
You might have missed this:
Cobra wrote:by the way, don't get too bullish here. it's still SPY leads the charge with QQQ lags a lot. and we retailers are buying lots of calls (for santa rally I guess).
2.png
2.png (136.58 KiB) Viewed 10727 times

Illiquid market on issue like SSO, couple with retail overdosing on calls, say to me there is fox in hen house. My 1/2 cent to me say they going to hold this market up till Friday to finish drawing in retail who would plan to sell by end of next week... Tax loss selling start on Tuesday when retail get caught with pants down and SPX/EUR begin to equalize... I don't think EUR going up... but just my 1/2 cent :lol:

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:23 pm
by stucap
I don't see any reason to short unless we get below the cluster of moving averages currently blocking up the 1225-1235 range.....

Sure, plenty of bearish news out there (or at least not so bullish) but, market can stay stupid longer than a stupid short can stay solvent! Careful skiing!

Re: 12/21/2011 Intraday Watering

Posted: Wed Dec 21, 2011 4:24 pm
by 99er
Phew.
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