03/16/2011 Intraday Watering

[BullBear52x]

lets bust 1261 and test 1240...

My trading rules: 1. obey stops 2.Don't get greedy 3...4...5...6...

[Me XMan]

HAHAHAHA!

SPX
Beep beep...
http://99ercharts.blogspot.com/2011/03/spx_3615.html
Heading for the fast lane.

[EvilTrader]

VIX exploding out of BB.

A nice long opportunity for the day-trading , i think.

But correct timing and stoploss is crucial here.

Like surfing a tsunami.

Cheers.

[BullBear52x]

We get a little paulse here. we are sitting at Yesterday gap down resistance now become support, on many movers and shakers, let see how they handle this area, should find out in less then 10 min.

[Cobra]

Same old rule, before the trend line broken, don't long.

[BullBear52x]

Same old rule, before the trend line broken, don't long.

You see big volume just now!

[EvilTrader]

Same old rule, before the trend line broken, don't long.

Went long SPY @ 126.80

stop @ session low.

[Me XMan]

From Zerohedge:

POMO Closes, Fed Buys $6.6 Billion In 5 Year Bonds

Same old rule, before the trend line broken, don't long.

You see big volume just now!

[BullBear52x]

From Zerohedge:

POMO Closes, Fed Buys $6.6 Billion In 5 Year Bonds

Same old rule, before the trend line broken, don't long.

You see big volume just now!

Sorry buy program looks weak. failed attemp? this is no good

[deadmoney95]

Today is traditionally "whipsaw Wednesday" of options expiration week, so I would not be surprised to see a swoosh up to get some new puts to expire worthless.

[thelefteyeguy]

Today is traditionally "whipsaw Wednesday" of options expiration week, so I would not be surprised to see a swoosh up to get some new puts to expire worthless.

totally agree...

[Me XMan]

Should I light up the bat signal?

From Zerohedge:
POMO Closes, Fed Buys $6.6 Billion In 5 Year Bonds

Sorry buy program looks weak. failed attemp? this is no good

[BullBear52x]

break time ! no big move here without me what a nice day

[jimmythegeek]

Today is traditionally "whipsaw Wednesday" of options expiration week, so I would not be surprised to see a swoosh up to get some new puts to expire worthless.

Per the "Max-Pain" calculations going into today, SPY sellers of option premium benefit the most at an expiration price of 130.00. That would be a nice little rally! Two+ days to do it, or further adjust positions....

[CFA_losah]

Today is traditionally "whipsaw Wednesday" of options expiration week, so I would not be surprised to see a swoosh up to get some new puts to expire worthless.

Per the "Max-Pain" calculations going into today, SPY sellers of option premium benefit the most at an expiration price of 130.00. That would be a nice little rally! Two+ days to do it, or further adjust positions....

Max pain theory hardly works, but nevertheless another loose benchmark.

[wave]

There is a small possibility that bottom is in.

[Me XMan]

Looking like a bear flag here with 1-min SPX.
If it can climb above 1268 then it could be going up for more.

There is a small possibility that bottom is in.

[Cobra]

Critical time, breakdown would be very bad as it's a failed 2 leg up attempt, but breakout on the other hand may just be a rebound until some other evidences.

[simpletrader]

anyone bet green today?

[Cobra]

Look how many V shape reversals we had. This market simply refuse to drop for more than one day, but interestingly, we keep having lower low and lower high. The question is, ARE WE GOING TO HAVE ANOTHER SHARP REVERSAL TODAY?