12/08/2011 Intraday Watering

[soku]

Still holding shorts...new target is $124.80 to cover

i got exit short signal.
here is something interesting.
http://online.wsj.com/article/SB1000142 ... TopStories

according to every other asset class...SPY should be at minimally at 124.

/es rollover. esz1 is still above y'day low. i will not be too bearish.
here is some interesting stats:

Because the 200-day SMA is so widely followed, predatory traders might try to plant more late-day false rumors, which appear to be mindlessly reported by the gullible media, in an effort to close SPX above its 200-day SMA, in order to trigger buy orders to sell into. Note that since 1/3/2000, of the 106 instances of the SPX closing above or below its 200-day SMA, 88% of the 200-day SMA crossover signals would have resulted in a loss, going both long and short, following the trend in the direction of the crossover.

[michelangelo]

spx at 1248 and spy is at 125.35...i'm confused.

spy pays a dividend so it trades at a premium when it is near ex-day

Thanks, I'm new to this.

[quatzl]

Going long GLD, via call option.

[jarbo456]

wow...wtf!

[parker]

Cobra
Could you answer?
i registered at http://www.cobrasmarketview.com in summer(i think in august), nickname was "parker2011" (or it was registration in disqus?)
two days ago when i registered after donation, i decided to register nickname "parker"
now i can comment at http://www.cobrasmarketview.com only as parker2011, i cant log in as "parker"
but when i login as "parker" and press My account I see the date August 7, 2011 3:23 pm... it is very strange
Should I worry about it?

[cougar]

Al: SLV dropped under 2x support = 31.25

[chocobee]

Taking my profit here with SCO - shorting gold looks yummy but patience, patience... getting ready for X'mas shopping before Ben finishes his fund raising today...

[Al_Dente]

Al: SLV dropped under 2x support = 31.25

Thanks cougar for SLV, I remember your target “30 zone” and 27.41
I gotta sell on a ZSL scalp very soooooon if it can’t better the high
http://www.youtube.com/watch?v=8FpDON_vvFQ

[Al_Dente]

Taking my profit here with SCO - shorting gold looks yummy but patience, patience... getting ready for X'mas shopping before Ben finishes his fund raising today...

nice SCO call from yesterday

[soku]

Al: SLV dropped under 2x support = 31.25

in case you r metal fan, here is gartman's interview with cnbc. there are not too many people i trust in the market. gartman is surely on the list.

http://www.cnbc.com/id/15840232?play=1&video=3000060666

[jarbo456]

20MA has to catch up a little still, but it's shaping up to be just like the past two days. a sharp reversal of the down move. then some sort of retrace of that move later in the afternoon, and then the usual late day up and down.

i'm looking at a potential revisit of S1 at 125.32 (but maybe not), then a melt up to that magical 126.30 (but maybe a little lower today). then we come down to 125.80...before we go loopy right at the end of the day.

my wildest guess...though i'm putting it in a little early today.

[noob]

Such a quiet day today, where is Cobra?

[satishshetty]

I signed up for your site, any plans of tracking individual stocks more closely? that will really help.

[fehro]

60m SPX .. candle close.. in 10 mins could be a hammer, and also bounce off support?

[amalgamator]

[Anaconda]

Euro

I think at some point, yesterday, you asked if anyone had the balls to short the market (after it reached a quadruple top).

For the record, I said I was doubling down...and did. I won't lie that I had a little pants leakage this morning, when I saw futures pop. But, all's well that ends well. And this lethargic old snake booked some very nice profits this morning.

Still short silver and oil.

GLTA.
A.

[scottypres]

Hello everyone. Just registered the other day. I love the open dialogue here...
Im quite busy today, don't have time to watch the market minute by minute like I normally do, so....
Any consensus on the intermediate or short term direction? I'd like to get in on SPY or leveraged fund today. Good idea or is it to wishy washy?

[heavenskrow]

Euro

I think at some point, yesterday, you asked if anyone had the balls to short the market (after it reached a quadruple top).

For the record, I said I was doubling down...and did. I won't lie that I had a little pants leakage this morning, when I saw futures pop. But, all's well that ends well. And this lethargic old snake booked some very nice profits this morning.

Still short silver and oil.

GLTA.
A.

Nice!

[dcurban1]

Technical Analysis, December 8, 2011 – Dow Transports and Nasdaq

http://atruecontrarian.blogspot.com/201 ... 1-dow.html

Reading Material, December 8, 2011 – Technology Commentary

http://atruecontrarian.blogspot.com/201 ... -2011.html

Signed up last night under the same name.

WIll be off and on the next couple of weeks as I make a sojourn up to Toronto for a securities test. Looking for silver to test $30 and maybe buy some gold and silver equities ahead of the seasonally strong first quarter.

Bradley turn date at the end of the year indicating a strong start to next year.

[fehro]

maybe a little lower for a stronger bounce? or a stronger failure?

.. no hammer...