02/06/2012 Intraday Watering

[SWalsh]

Unique

Lol nice find dude.

Possibly the most cogent quote I have ever read. A better fit that OJ's gloves!

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear..”


Marcus Tullius Cicero

[BullBear52x]

Sure is alot of people guessing at what the market will do. Why not try and understand what it has done and mark a point to either exit or enter. Here is mine - long since Dec 20 and stay long until 1330 is broken with a loss of upward momentum. Very simple.

Good luck.

Wow! thanks!

Yes, nice what an insightful.

[SWalsh]

Sure is alot of people guessing at what the market will do. Why not try and understand what it has done and mark a point to either exit or enter. Here is mine - long since Dec 20 and stay long until 1330 is broken with a loss of upward momentum. Very simple.

Good luck.

http://www.youtube.com/watch?v=drsgTpfRX8o

[ClarkW]

Can't remember if it was TraderGirl or Cougar that introduced SONC as a possibility beg. of last week. Kudos to one of you! Continues to move well, +2% today.

[Unique]

SWlash, that's an extraordinary quote, I love sharing magnificent quotes.

Explicitly, I think we agree on the statement, the world is fucked up. Apologize in advance if language is too much flare.

[dcurban1]

UNG and GAZ trade based on the weather. The warm winter is exacerbating the oversupply of natural gas in this country.

No matter what the technicals I would not touch it with a 10 foot pole.

Any one thinking about UNG should try to understand its mechanism first. With its base of front-month future contract and monthly roll-over, I would stay away as far as possible even if natural gas is in bullish-mode.

Agreed, but no intent of holding long-term and it appears to be breaking out.

If you want a play based on the weather....

I live in Northeast PA and the weather is at least 10-15 degrees F above normal. It is so above normal that the trees were budding in January. The weather has thrown off the trees clocks and if there is a freeze we could see problems with crops like apples.

My uncle has a small orchard on his property and the last time we had a warm winter the apples started to form early and when a big freeze came afterwards for a week it killed his apple crop for the year.

[Al_Dente]

Baron von HolyGrail
U r on 2 something
Invert SPY:$TRIN
Put it behind 5m spy as “area”
I think it is a “leading” more often than “coincident” and rarely “lagging” indicator…
If that is true it said higher high half hour ago (?) (leading)
u may have a leader here instead of our softie indicator-ish-ness-maybe shite
Tell me more…..
BIG CAVEAT this is one hour of testing BIG GRAIN OF SALT

[BullBear52x]

Can't remember if it was TraderGirl or Cougar that introduced SONC as a possibility beg. of last week. Kudos to one of you! Continues to move well, +2% today.

It was Cougar, I got some for few friends, thank to him, up over 7% since he recommended it.

[SB73]

It'd be awesome if UNG finished at current levels.

Trade what is making money...and right now UNG is the trade for me. I must fully disclose that prior to last week I had never traded UNG previously.

[jimme]

If bears can not take TRIN back up over 1 today, Hedging is required, looks like a gap set up to me, well, pay attention to TRIN guys, 5min. looks good for bear still but 1min. is definitely on the bulls side both TRIN and TRIN:SPY, I might buy call just for the hell of it before market close today. the only high hope I have for bear is a gap down open we got today.

Hi BB,

One fact today is the NYMO is above 0 for more days than EVER before. A record and the condition is Overbought. The previous record was Mar - May 2009. Keep the faith and nothing wrong with hedging. GLTA jimme

[BullBear52x]

Baron von HolyGrail
U r on 2 something
Invert SPY:$TRIN
Put it behind 5m spy as “area”
I think it is a “leading” more often than “coincident” and rarely “lagging” indicator…
If that is true it said higher high half hour ago (?) (leading)
u may have a leader here instead of our softie indicator-ish-ness-maybe shite
Tell me more…..
BIG CAVEAT this is one hour of testing BIG GRAIN OF SALT

Nice to hear, but Holy grail LOL, leading indicator? impossible, how could you get data before action?

got to go I bought some calls, I am neutral since I still 30% net shorts.

Thanks Cobra and everyone, GLTA

[xglider]

I have to say, this market is unstoppable. Still melting up on imminent chaotic Greek default!

Interesting comparison w/ May 2008:

http://www.safehaven.com/article/24281/ ... f-strength

[learningT]

It'd be awesome if UNG finished at current levels.

Trade what is making money...and right now UNG is the trade for me. I must fully disclose that prior to last week I had never traded UNG previously.

If this is the case, then, you may need to consider back-off. I traded UNG for quite a while a few years back before its mechanism was fully exposed (my huge mistake). even with a lot of efforts to make short-term trading, I can only get to near break-even point. once I studied its way of operation and overall market structure, I never touched it since its $11 level. looking at what it is at now, seems a wise decision at that point:-)

[SB73]

UNG and GAZ trade based on the weather. The warm winter is exacerbating the oversupply of natural gas in this country.

No matter what the technicals I would not touch it with a 10 foot pole.

Any one thinking about UNG should try to understand its mechanism first. With its base of front-month future contract and monthly roll-over, I would stay away as far as possible even if natural gas is in bullish-mode.

Agreed, but no intent of holding long-term and it appears to be breaking out.

If you want a play based on the weather....

I live in Northeast PA and the weather is at least 10-15 degrees F above normal. It is so above normal that the trees were budding in January. The weather has thrown off the trees clocks and if there is a freeze we could see problems with crops like apples.

My uncle has a small orchard on his property and the last time we had a warm winter the apples started to form early and when a big freeze came afterwards for a week it killed his apple crop for the year.

Thanks for the insight

[Cobra]

guys, I'm back. the rebound is stronger than I thought but I think the last part of my plan is still possible. we'll see.

[SWalsh]

SWlash, that's an extraordinary quote, I love sharing magnificent quotes.

Explicitly, I think we agree on the statement, the world is fucked up. Apologize in advance if language is too much flare.

I don't think we know the half of it and we can be already driven insane if we have rooted ourselves in the Tree of Knowledge.

A friend of mine's daughter graduated from Georgetown's Law School. She interned in Biden's office for two summers, said he was a very cordial and funny guy to have beers with, and is as dumb as a box of rocks. She scored a perfect 1600 on the SAT and her dad was a fighter pilot. It worries her that he is not an isolated incident from what she saw in DC. Me too!

[koolblue]

Just an opinion as to what we may see over the next week or two

[SB73]

It'd be awesome if UNG finished at current levels.

Trade what is making money...and right now UNG is the trade for me. I must fully disclose that prior to last week I had never traded UNG previously.

If this is the case, then, you may need to consider back-off. I traded UNG for quite a while a few years back before its mechanism was fully exposed (my huge mistake). even with a lot of efforts to make short-term trading, I can only get to near break-even point. once I studied its way of operation and overall market structure, I never touched it since its $11 level. looking at what it is at now, seems a wise decision at that point:-)

I have zero intention to hold for that kind of time frame.

[Petsamo]

Trade what is making money...

Easier said than done

[Unique]

SWlash, that's an extraordinary quote, I love sharing magnificent quotes.

Explicitly, I think we agree on the statement, the world is fucked up. Apologize in advance if language is too much flare.

I don't think we know the half of it and we can be already driven insane if we have rooted ourselves in the Tree of Knowledge.

A friend of mine's daughter graduated from Georgetown's Law School. She interned in Biden's office for two summers, said he was a very cordial and funny guy to have beers with, and is as dumb as a box of rocks. She scored a perfect 1600 on the SAT and her dad was a fighter pilot. It worries her that he is not an isolated incident from what she saw in DC. Me too!

Holy shit, 1600 ....

Eh, I'm too dumb. Lol.