10/20/2011 Intraday Watering

[tdo722]

$0.70 more to go and I am out. come on, I need to break even.

[99er]

RUT
http://99ercharts.blogspot.com/2011/10/rut_2795.html

[BullBear52x]

$0.70 more to go and I am out. come on, I need to break even.

OUT? if it ever drop below 119.5 it's time for bear to party not cover. but I don't see it today.

[Cobra]

I've locked the poll. I'm wondering if we do the 4th poll at close today (assuming close low of day) what the new poll would like?

[noob]

Wow….More bad news from Europe… What a mess!!!

What news?

i will be visting - spending my strong dollar at trader vix

Lol that's real bad.

[noob]

1st target met. let's see 2nd target. I wouldn't be too bearish here for today, just a reminder because rarely more than 5 red hourly bars, we're on the 6 red bars assuming no changes in the next 47 mins.

5 and cannot decisively break down so it's bullish? Sorry for not being too bright.

[BullBear52x]

I've locked the poll. I'm wondering if we do the 4th poll at close today (assuming close low of day) what the new poll would like?

I was the first post to vote noway. just so you all know.

[Cobra]

i said rarely 5 consecutive red hourly bars, we're on the 7th bar, so don't get too bearish here.

[cougar]

Wow….More bad news from Europe… What a mess!!!

What news?

To make it simple: Germany cannot and WILL NOT take a constructive position in this crisis.
TV does not give you a right image of what’s happening…The WS lapdogs of CNBC don’t understand the political systems of France and Germany and WHY these two countries function differently in times of crisis…Thy have a hard time finding a common path!

[BullBear52x]

getting out my UNG for the 100th time try. now you know I am not all that bear

[KENA]

I reduce my shorts down to 20%, let it runs.

Yes..I agree and sold all my new shorts .Might get some up from here.I will watch and see what 1:30 brings

[MrMiyagi]

i said rarely 5 consecutive red hourly bars, we're on the 7th bar, so don't get too bearish here.

So would this indicate a short term bounce and then a continuation down?

[BullBear52x]

Wow….More bad news from Europe… What a mess!!!

What news?

To make it simple: Germany cannot and WILL NOT take a constructive position in this crisis.
TV does not give you a right image of what’s happening…The WS lapdogs of CNBC don’t understand the political systems of France and Germany and WHY these two countries function differently in times of crisis…Thy have a hard time finding a common path!

remember my joke about French and German are now agreed on something. yeap, impossible.

[Cobra]

EURO, double top or H&S top whatever you like to call, it's critical time, breakdown would be bad.

[99er]

Wieners

EU Commissioner Seeks to Prohibit Rating Agencies from Rating Stressed Debt; IMF Report on Greece Held Up in Dispute with EU

http://globaleconomicanalysis.blogspot. ... hibit.html

[Al_Dente]

did anyone see this ZH article? posted on Saturday 10/15 - http://www.zerohedge.com/news/biggest-m ... d-sp-surge
basically says that the 9 day runup, on the back of euro strength, could have been due to the repatriation of euro currency.
we have a supportive report in the WSJ owned Marketwatch here: http://blogs.marketwatch.com/thetell/20 ... near-1-20/ ...only 5 days later. -_- anyone find this interesting?

jarbo, translate please, for newbies, and, you know, others

not that it really matters, as price is king, but in searching for a reason for the previous two week mega bull rally, i was poking around. it was obvious to everyone that the Euro was leading the charge higher. Euro correlations actually hit the highest early LAST week, in the middle of the rally. ZH asserts that the equities rally was headfake on the backs of Euro repatriation. Repatriation due to asset sales abroad, and then the conversion back to Euros. that massive asset sale, the marketwatch article asserts, was due in part to the upcoming stress tests, and the need for EZ banks to well capitalize their balance sheets.
so basically NOT widespread and wholesale fund buying - which wasn't really supported by the light volumes.
anyway, just an interesting idea behind why we may have seen the massive 6% rise in the euro over a short 9 day span.

agree w all and THANK YOU
however, zh always calls rallies headfake or squeeze or HFT, all true, except in 09-10 monster rally, mkt just didn’t care what zh said
plus, I am sick and tired of banks bs “stress testing” every three days already
……. just would u please re-read the King Cobra’s brilliant overnight from 10/14 sharp pullback (YES) then somethin bout MULTIPLE WEEKS RALLY AFTER THAT…u nail this “pullback”…then u load long 4 those multiple weeks rally???
PS: decliners and all internals still confirm bear at the moment (they gotta breathe)

[Cobra]

Wow….More bad news from Europe… What a mess!!!

What news?

To make it simple: Germany cannot and WILL NOT take a constructive position in this crisis.
TV does not give you a right image of what’s happening…The WS lapdogs of CNBC don’t understand the political systems of France and Germany and WHY these two countries function differently in times of crisis…Thy have a hard time finding a common path!

remember my joke about French and German are now agreed on something. yeap, impossible.

[BullBear52x]

I reduce my shorts down to 20%, let it runs.

Yes..I agree and sold all my new shorts .Might get some up from here.I will watch and see what 1:30 brings

just have to be cautious that's all with this crazy market.

[jarbo456]

Euro getting a monster bounce off the neckline. and spy off that pesky fib fan line i spoke about before around 119.84 (as previously stated).

[kaiboliu]

close out spy put from this morning at spy 120.00