12/21/2011 Intraday Watering

[99er]

So honey...what's for lunch?

SPX http://99ercharts.blogspot.com/2011/12/spx_5153.html

Care for a MACD cross?

[tdo722]

We have any dip buyers here?

I am and waiting for 15mins trendline to be broken with positive divergence.

[mozart]

We have any dip buyers here?

Buying Silver here!

[jarbo456]

We have any dip buyers here?

yeah...and i'm already close to my max position size long SPY calls. have my last cartridge to lock and load should we visit yesterday's gap support...but really hoping we don't get to that point.

[janez]

went long GS.

[67Chevy]

Bought TNA

[quatzl]

I am in wait mode. I just closed my short from yesterday EOD. I do not yet see a good trade today.

[Petsamo]

Dangit! We didn't get to Cobra's target yet!

[uempel]

Quote of the Day

Michael Platt: The most important thing to remember about crises is: you don't make your money going into the crisis. Because when you go into a crisis like 2008, markets trade against positions. People have positions on. People need to get risk off. All the things that people thought were a good idea, start going into reverse.

The big money is made in the aftermath of the crisis.

http://globaleconomicanalysis.blogspot. ... e-for.html

Sorry 99, don't take this personally, but what MP says is just blabla by a crude businessman. The quote does not mean a thing for our trading. It's about as wise as buy low and sell high. Soothing easyspeak to put clients at ease. Those kind of guys make me all nervous, they can lose money 10 years in a row, but they keep on showing up with new clients thanks to their suave manners. And of course, they beat the benchmark by 1 or 2 percent, wheras the benchmark is down 10 percent. The financial industry is full of em.

[BullBear52x]

Bullish ED or bull wedge will fail, yeap will fail.

[uempel]

I am in wait mode. I just closed my short from yesterday EOD. I do not yet see a good trade today.

Yeah, and that's why I'm going home now. I might look back in later at the close, but now it's 50:50.

[jarbo456]

Quote of the Day

Michael Platt: The most important thing to remember about crises is: you don't make your money going into the crisis. Because when you go into a crisis like 2008, markets trade against positions. People have positions on. People need to get risk off. All the things that people thought were a good idea, start going into reverse.

The big money is made in the aftermath of the crisis.

http://globaleconomicanalysis.blogspot. ... e-for.html

Sorry 99, don't take this personally, but what MP says is just blabla by a crude businessman. The quote does not mean a thing for our trading. It's about as wise as buy low and sell high. Soothing easyspeak to put clients at ease. Those kind of guys make me all nervous, they can lose money 10 years in a row, but they keep on showing up with new clients thanks to their suave manners. And of course, they beat the benchmark by 1 or 2 percent, wheras the benchmark is down 10 percent. The financial industry is full of em.

i actually think he's a pretty smart guy, as are a lot of people in the HF industry. i thought some of his points were very salient to the home trader, and generally speaking, HF's are not benchmark products. that's not to say that correlations aren't at all time highs, but it is to say that there are obviously guys out there producing legitimate alpha for their limited partners. the industry could use a bit of a haircut (which they've been getting), but overall, i think there's something to be said for what they do.

[Cobra]

so indeed it's 3 push down, now we should see 2 leg up. I guess, not sure.

[jarbo456]

smart kid...and way more knowledgeable about the nuances of vol trading...

yet they sound pretty confused down there as to why VIX has printed so low as well...

http://www.optionmonster.com/drj_blog/a ... 7s+Blog%29

[ClarkW]

Anyone notice RSP isn't participating as much in this recent leg up in SPY? Anything to that?

[waverider]

There was a report at ten, apparently the market liked it.

[johnnywa]

So honey...what's for lunch?

SPX http://99ercharts.blogspot.com/2011/12/spx_5153.html

Care for a MACD cross?

sigh bear sandwich,acution done ,now stocks rally

[99er]

Where is my MACD?

RUT http://99ercharts.blogspot.com/2011/12/rut_21.html

Coming up after this back test.

[Al_Dente]

Not so good for bears: nydec dropped from 2000 to 1700 ish
Spy popped its head above water first time today
Looks like covering?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

When Mikhail Baryshnikov defected in the 1970s, he told an interviewer he was “professionally worried” because after devouring all available bootleg Fred Astaire videos in Russia, he thought that all Americans danced like Fred.
http://www.youtube.com/watch?v=P_OCayMN ... re=related

[99er]

uempel

None taken. Just food for thought.