02/06/2012 Intraday Watering

[waverider]

Some HFT hitting upward here, but not all that large:

That makes sense, HTFs typically buy the bottom of trading ranges. Quite a logical approach. SPY was also @ VWAP

[KeiZai]

Unique

[Petsamo]

USO approaching previous day's low

[Unique]

Says it all:

lol.

A flash crash would be very welcome !!

Just too bad after the first orchestrated scam, they put circuit breakers in place

I think that if selling hits, and we would need something like 4-5 days of last hour selling to think money managers are looking to get out, they now have the ability that was demonstrated on August 9th when they stuffed the quote system so full of garbage that they were able to prevent orders from entering and take futures up. It's why these machines must be removed as they are going to pick the market clean of players and even investors. But I think we have good odds at them nationalizing retirement plans when that happens. "Never underestimate the steps a government will take to perpetuate its existence"

"Those who give up their liberty for more security neither deserve liberty nor security"

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist."

[Unique]

Unique

Lol nice find dude.

[xglider]

Unique

Classic! Seems like the bulls just don't want to get off the stage!!!

[Unique]

Where's that gentleman that was explaining the Iranian oil situation? Anything important yet?

[learningT]

Good grief this is brutally slow. Cobra do you have any thoughts on UNG or GAZ?

UNG has some hopes now, could be double bottom in the forming.

I see the same on UNG. Wouldn't dare get too greedy since this has been a total dog.

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.

[Cobra]

maintain the plan. I'm outside now. cannot comment lot.

[Wallstreetrader]

IH&S Target

[Unique]

maintain the plan. I'm outside now. cannot comment lot.

Hire me, minimum wage, Toronto

[cc2265]

maintain the plan. I'm outside now. cannot comment lot.

Cobra, does it count as "yesterday's high revisited"? thanks.

[Petsamo]

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

[Al_Dente]

bots and a neg tick, note we saw one of those neg ticks on Friday too
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[fehro]

a sharp move could be coming.. either way...

[BullBear52x]

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.

[SB73]

Good grief this is brutally slow. Cobra do you have any thoughts on UNG or GAZ?

UNG has some hopes now, could be double bottom in the forming.

I see the same on UNG. Wouldn't dare get too greedy since this has been a total dog.

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.

[thanos]

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.

[Al_Dente]

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.

5m bolingers are choking VIX to death
GAP is most often the result but WDIK

[waverider]

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!