08/08/2011 Intraday Watering

[soku]

me on vacation. should not look at the market, but i did. i know i'm addicted.
1140 area shows some support. if cannot hold for mid-term, the next stop will be 1100.
me the perma bear, do u hear me roar.
good luck

/es is approaching my line at 1140. i still think it will hold here. bears may give another try later.

well, bears are in charge now. retest and break 1140 in minutes. 1135.25 was a tested area a while ago, which may provide some support.
i still feel it may stop bleeding soon.

[Cobra]

guys, in 20 minutes, I have to leave for airport to pick up my wife and daughter. I'll bring the laptop with me and try to update if I can. Today's Trading Signals report may be a little bit late but there'll be one and it shall be before AH closes. Market Outlook will be posted as usual.

Thanks for everything today Cobra. Have a safe drive. You're in Toronto right? Hopefully traffic won't be too bad.

Yes, I'm very near Toronto now, it's still noon time, so hopefully not much traffic.

[Cobra]

volume surge on a good looking bull bar, hopefully, we'll see a rebound of some kind here. but in case we close around here, a strong down day like today, a lower close is almost guaranteed, so be careful. really got to go. See you at airport.

[soku]

obama on air, talking about US debt and Afganistan. i guess market will cool off for like half an hour or so

that it? i didn't hear anything. why he is on air? what's the purpose? just trying to argue "us should be always aaa+"
god bless

[hutongerchuanzi]

volume surge on a good looking bull bar, hopefully, we'll see a rebound of some kind here. but in case we close around here, a strong down day like today, a lower close is almost guaranteed, so be careful. really got to go. See you at airport.

Thanks, see ya, say hi for me! ^_^

[agnosia]

vix up 33% !!!

[99er]

COMP
Update.
http://99ercharts.blogspot.com/2011/08/comp.html

[agnosia]

i can't believe obama said this !

# Should extend payroll tax cut as soon as possible

now moody's is going to downgrade the US next like they warned... what a tard.

[fulkdaddy]

Too many looking for a bounce. Market rarely does what we expect. IMHO, we have to go lower until most "give up" on a bounce.

[hdenandy]

LOL.
Well done Barack.
Thanks for nothing.

[Petsamo]

Bad tick (phantom bar) on SPY.

[uempel]

Checking MA 610 (on Stockcharts I've got to show 600, as 600 is the limit):

[agnosia]

bac down over 21% !! 6.50 ouch. this is a big issue and is dragging the indexes down.

[99er]

Honey...what about London?

FWIW

http://www.youtube.com/watch?v=gp5JCrSXkJY

[Nuvolari]

holy fuck. 1090 is bear market. it may be hit before ben open his mouth tomorrow

[proteus46]

8-6-2011.png

If the President does not provide serious and convincing hope ...we may see 1125 today

The kingdom needs a savior because the villagers have no faith.

[soku]

margin call in pits.
guys this is the moment. we may see more sell.

[KENA]

We are getting close enough to 1040 that the mkt my go this direction.Lets see.Any way not selling my spy short just yet.

[PRI]

Can anyone give me the current value for trin - the arms index? I have 1.05 and a day range of .75 to 3.11. This is WAY too low for this type of trade.
Many thanks

[agnosia]

holy fuck. 1090 is bear market. it may be hit before ben open his mouth tomorrow

germany and france are NOW in a bear market ..

*sorry edited*