04/13/2011 Intraday Watering

[Roadrunner]

BB52x
that is one sweet graph. I see you pulled off of yahoo finance... perhaps a link to thi chart for us hunt & peck keyboards

[BullBear52x]

BB52x
that is one sweet graph. I see you pulled off of yahoo finance... perhaps a link to thi chart for us hunt & peck keyboards

http://www.optionpain.com/MaxPain/Max-Pain.php

[Cobra]

pullback as I said. now I'm clueless about the market. a general pattern is rebound somewhere to test the high then we'll see.

[Cobra]

the focus is still VIX. I cannot believe this kind of pattern (with so many hollow red bars) means a top for VIX for many many many years.

[cletus]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

[Mr. Panic]

Breadth is flattish. I am intrigued by tomorrow. It could be down big. 49 weeks from 5-6 flash crash. 343 days (3)(7) from flash crash day.
I don't expect a flash crash because the lower BBs would stop the decline but my studies indicate once all the indices break the 50day average, there should be a 3% drop but this is based on a sample size of two instances.

I would like to see the McClellan Oscillator drop below -200 but this would require a negative breadth day which so far isn't happening.

[maldini]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

[Cobra]

now it's bear's turn to pray, close right here, we'll see another weakness tomorrow morning. the rebound cannot go more, please. may the force be with bears.

[jamesmith]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

Are you serious? I see Google going to $700 in longer term...Android is taking over mobile market...and Google is also working on cloud computing and Chrome OS coming out in Summer...
Facebook is dominating social network now, but remember myspace was the most popular in 2007-2008...

[Cobra]

bears have fingers crossed, may the force be with you.

[BullBear52x]

Went short SSO for breakfast.

[jamesmith]

now it's bear's turn to pray, close right here, we'll see another weakness tomorrow morning. the rebound cannot go more, please. may the force be with bears. :roll:

add oil bears~~~ The spirits will guide bears~~~ :roll:

[bbc]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

Honestly speaking, Giants like GOOG won't be beat so easily by such rumors. There are a lot of bullish bets on ER coming tomorrow.

[AK84]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

looks more like an ascending triangle imo

[KENA]

Right or wrong I am going Long spy with protective put just in case. Hopping for a green bounce on opening.Thanks for the day Cobra.

[Mr. Panic]

Today was all about letting the 50 period average on the hourly chart catch up to the indices. (which happened for Nasdaq) Not get too extended from the averages before the big plunge.

[Cobra]

well, not fun anymore. bears want a weak close but definitely want the SPY to close green.

[StrikePrice]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

Are you serious? I see Google going to $700 in longer term...Android is taking over mobile market...and Google is also working on cloud computing and Chrome OS coming out in Summer...
Facebook is dominating social network now, but remember myspace was the most popular in 2007-2008...

Both good arguments. Goog is built on ad dollars. Online ad spending will be one thing that consistently rises in the coming years. Why put an ad on TV to a local market when you can put an ad on a website to the whole world? Not to mention specific geo and behavioral targeting.

So the question is...will sites like Facebook and others destroy Goog's ad dollars, if so, can they make it up in mobile? Should be an interesting 2 years.

[cletus]

I bought January 2013 220 puts on GOOG today -- the most aggressive position possible. The price target of this wedge (if it's a wedge) is $150. I was talking with a co-worker about how that could play out. He thought maybe it would be Facebook taking over the internet by adding a search engine into its web page. Google would then be irrelevant, kind of like Yahoo.

looks more like an ascending triangle imo

It's a speculative bet, not a huge position but definitely a once in a lifetime kind of trade. That looks like a rising wedge to me. Just look how volume has died on GOOG.

Where are the buyers going to come from exactly?

Also, these are 2013 puts. I don't care about earnings tomorrow.

[Cobra]

well, guess that's it for today. the after bell quick summary may be delayed today because I'll out for an hour or two, overall, as long as today close in green, bears have nothing to worry because the force is with you. thank you guys, I'll see you tomorrow.