02/18/2011 Intraday Watering

[pezhead9000]

Rebound same as 1930s
http://www.ritholtz.com/blog/2011/02/an ... intensity/

[Cobra]

S&P has 11 straight closes > opens. Only 4th time since '82 (1/8/92, 8/30/93, 9/14/95). Each one saw a loss ~3% next 3 weeks.

[Dow Trader]

correction, we are at 73% now.. the prevouse high was 1210 which a round 60%
sorry

[Dow Trader]

S&P has 11 straight closes > opens. Only 4th time since '82 (1/8/92, 8/30/93, 9/14/95). Each one saw a loss ~3% next 3 weeks.

you counted the loss from which level or which day or from the high?

[brownstein00]

previous highs didn't have the bernanke and all the other ponzis pouring liquidity into the markets.....

[Cobra]

Rebound same as 1930s
http://www.ritholtz.com/blog/2011/02/an ... intensity/

Yeah, thanks, that's what I saw.

[99er]

ES
"On your mark..."
http://99ercharts.blogspot.com/2011/02/es_3865.html

[huiwangren]

good morning

[jaaawf]

previous highs didn't have the bernanke and all the other ponzis pouring liquidity into the markets.....

I think this is exactly right. Everyone trying to time the big drop based on history is forgetting that the scenario that is in place is truly historic. Play the trend or get run over.

[wave]

Most believe that we are different this time.

[wave]

Can not agree any more. The market is money talk which is so easily to be manipulated.

previous highs didn't have the bernanke and all the other ponzis pouring liquidity into the markets.....

I think this is exactly right. Everyone trying to time the big drop based on history is forgetting that the scenario that is in place is truly historic. Play the trend or get run over.

[Dow Trader]

AAPL again down today and eraced last 5 trading days with the risk of daily MACD to go below zero if closed below today's low

[ContangoKid]

previous highs didn't have the bernanke and all the other ponzis pouring liquidity into the markets.....

I think this is exactly right. Everyone trying to time the big drop based on history is forgetting that the scenario that is in place is truly historic. Play the trend or get run over.

Yeah, historical comparisons only work until they fail. Let the trend be your friend.

[EvilTrader]

short are being murdered as every top picker in town is being squeezed to death.

[Cobra]

2 leg up to resistance. I won't chase here, let's see.

[pezhead9000]

Dr. Elder
http://www.scribd.com/doc/20459485/Trad ... er-Elder-1

[Cobra]

This is how I read this market: could be breakdown the trend line then back test the previous high therefore a potential reversal setup. Just a potential. Plus today most likely a range day so I don't expect this breakout if any could go very high.

[99er]

SPX
"Get set..."
http://99ercharts.blogspot.com/2011/02/spx_18.html

[uempel]

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Out of curiosity: am I one of the few guys who's bearish for the next few sessions? I just don't buy this market any longer. Market reminds me of a drunkard stumbling up some airplane-staircase at night, forgetting that there is no plane alongside. Or of these happy women looking forward to a flight on a plane that won't take off. I will cover shorts if market moves higher than 1344. Will consider going long again a few percentage points lower.

[EvilTrader]

every small dip is being bought.

this thing just wont go down anymore