04/07/2011 Intraday Watering

[Me XMan]

Being a bear is take what you can in short-term only.

Bleeding away my gains, day by day, in this stupid ass crazy market pumped up by Bernanke..Bears are being taught a lesson..This is sick !

[Mr. BachNut]

In spite of big volumes, SPY and VIX are basically within trading range of last several days. I suspect computer algo trading to run sell stops was in play. That leaves all the sell stops up above. I am out of short position from two days ago.

I meant "buy" stops up above.

[BullBear52x]

I got buy signal on INTC and SMH, but don't buy. look at she goes.

[Dow Trader]

I will short Dow again if it go near or above today's high

[biotrader]

Correction over? lol

[alvian33]

I was short from last week, covered half damn glad I did that because nothing looks like NOTHING can bring this market down, one day will end badly, but till then I guess bears (like me), need to pray

[BullBear52x]

Back to the basic. DAILY MACD and MA divergence is still good short until the Price close above the recent high, so for short term out look, it's still a sell so long it trades below recent high. price is still moving above 1 standard BB so not so weak but to nail the top this is the best place to be. until new high is in....

[90ufo]

Cobra: current 1pm, now the staircase up is 2-push up , or 3-push up already? the stair is so flat. I think it's 2nd push up.

[PLUNGE]

Does anyone else follow the Fed's POMO schedule to determine what the Big Guys have to work with? There is no POMO tomorrow after today's $6.5 Billion injection. Next is $6.5-8.5 on Monday. http://www.newyorkfed.org/markets/tot_o ... edule.html

[Cobra]

Cobra: current 1pm, now the staircase up is 2-push up , or 3-push up already? the stair is so flat. I think it's 2nd push up.

yes, its the 2nd leg up. I think there'll be the 3rd up, after that we'll know if bears are dead or not.

[KENA]

Yes NFLX would have been a good short as always. I just did not have the guts to short after the last time I got burned. Maybe next time.

[Cobra]

clear breakout on oil. Cannot believe the market doesn't see it.

[Tabby]

KENA,
Do you think MCP is a good short now?

[Tabby]

Forget it. There is still more mojo in it.

[BullBear52x]

Does anyone else follow the Fed's POMO schedule to determine what the Big Guys have to work with? There is no POMO tomorrow after today's $6.5 Billion injection. Next is $6.5-8.5 on Monday. http://www.newyorkfed.org/markets/tot_o ... edule.html

I think DBV is more important to look at as far as liquidity to the market, I see it as carry trade indication. 0% int. rate that's the key to these number, with today sell off DBV is still fine and dandy, This is why bears got so flustrate to overlooked the simple fact of market liquidity.

[KENA]

KENA,
Do you think MCP is a good short now?

Mcp is pushing the top again. I think it is to strong right now being up in a down mkt. Wait a day because it could turn anytime.

[Cobra]

I see ChiOsc is a little high now. Big mess today, so I'd watch the most, won't comment on things I basically have no idea.

[PLUNGE]

Thanks BullBear! Where does one find DBV data?

[Tabby]

Kena,
MCP upgraded by JPM for $74 stock. I watch it everyday and it moves like a sneaky snake. It moves so fast and then it drops dead when I think it is going up.
I have not been able to pull the trigger on this one.

[BullBear52x]

Thanks BullBear! Where does one find DBV data?

You can trade them. today is the very first day that the MACD is turning down since Japan intervention after the Quake.