09/27/2011 Intraday Watering

[Petsamo]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

[WhyNot]

Close 1185 IMO

[SB73]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

I agree as long as close above 1179....close below and I think we may see a nasty selloff tomorrow.

[AK84]

Damn that TZA was niceeeeeeeeeeee

[WhyNot]

DAX Futures are strong regarding today's close and SPX value @ europe's close.

[waverider]

Greece news: http://www.zerohedge.com/news/ft-report ... stocks-plu

[KENA]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

I agree as long as close above 1179....close below and I think we may see a nasty selloff tomorrow.

You may get your wish.SPX now 1175

[jarbo456]

Ahh ...should try to add more to SINA today i think ....filled the gap. Btw...yday i had a $500 profit on SINA put and today its down 200$ ....annoying right ?



Im tempted to add here but i'll wait to breakeven at least before adding[/quote]

hahaha...ummm...i bought 50 contracts of puts at two different times, and two different expirations. i was up a bit yesterday, and has, since then, gotten side swiped. but like i said, you have to let some of these lesser liquid options work, and i think we have the time and momentum. the stock is obviously extremely volatile, so it's not necessarily out of the question to have several 10%+ down days in a row. it's being propped by the general market, and like i said yesterday, i think 77 was a key support. it broke below it, but since bounced nicely. should see a revisit of it soon enough.

[AK84]

you think we will revisit todays high tomorrow to make a bear flag on the daily ????

[ultramarine]

FXE testing LOD here at 135.35. Would be bearish if it took it out.

[SB73]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

I agree as long as close above 1179....close below and I think we may see a nasty selloff tomorrow.

You may get your wish.SPX now 1175

Final line in the sand I see for the bulls is 1173. If they hold I am guessing up tomorrow. In the spirit of full disclosure I have been adding to my short position.

[EvilTrader]

will we get a closing surge ??

[agnosia]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

it just got unhealthy

[ultramarine]

This pullback is healthy for the bulls. If US finished too high, overseas markets will just sell it off, and we gap down. We just can't sell off too much, though.

I agree as long as close above 1179....close below and I think we may see a nasty selloff tomorrow.

You may get your wish.SPX now 1175

Final line in the sand I see for the bulls is 1173. If they hold I am guessing up tomorrow. In the spirit of full disclosure I have been adding to my short position.

Interested in your thinking -- why 1173?

[AK84]

Ahh ...should try to add more to SINA today i think ....filled the gap. Btw...yday i had a $500 profit on SINA put and today its down 200$ ....annoying right ?



Im tempted to add here but i'll wait to breakeven at least before adding

hahaha...ummm...i bought 50 contracts of puts at two different times, and two different expirations. i was up a bit yesterday, and has, since then, gotten side swiped. but like i said, you have to let some of these lesser liquid options work, and i think we have the time and momentum. the stock is obviously extremely volatile, so it's not necessarily out of the question to have several 10%+ down days in a row. it's being propped by the general market, and like i said yesterday, i think 77 was a key support. it broke below it, but since bounced nicely. should see a revisit of it soon enough.[/quote]

haha . 50 wow....ballsy move but u have ur style and i have mine... ....i like to spread my risk in different places......also im not as rich as u !

i have actually HEAVILY shorted SODA ....like 20 puts.....its gonna crack open and go to 32. .....im more confident about that one....i kept sina low risk coz it had already fallen too much and 115 was the level to be short... oh well! u win some u lose some. will def add more on SINA once i see a nice bearish candle on the daily....im pretty confident in that one to be honest ...esecially after seeing bidu break

[jarbo456]

think we should see 116 today.

[StrikePrice]

a break below the 5 minute 200MA at 117.74, a fill of the gap from today, and then a shot down to yesterday's pbar would be nice.

Right, yesterday's pbar may be back in play. Honestly I think a lot of this is market makers made large bets on keeping the VIX above 30 through September. Here they are sealing the deal.

[newbie_77]

down target of 116.2 (p-bar) remeber guys

[soku]

my script not too bad. bulls did fight around 1185 and lost. i think bulls need to defend 1180 area, if cannot hold and cool down the bears, we will see 1163 maybe tonight.

go go go bears
enjoy the steak. closing bell is the only limit.

when i said 1163 tonight, i don't mean to hold overnight. no need to be greedy. i put in a trailing stop and will close my short b4 4:15.
do u guys see the sunshine?

[Cobra]

a little stretched now, hopefully a rebound of some kind till the close.