01/25/2012 Intraday Watering

ClarkW · Post by **ClarkW** » Wed Jan 25, 2012 1:41 pm

Be careful, no facts to back up, but it seems the first move on after fed meeting is typically the false one. Todd Harrison at Minyanville has pointed that out in the past

EvilTrader · Post by **EvilTrader** » Wed Jan 25, 2012 1:43 pm

Short it folks !

Short without fear.

Just short short short SPY.

This old movie will replay again.

Post by **Cobra** » Wed Jan 25, 2012 1:44 pm

by the way, the target I said before that is hard to imagine actually was met.

SB73 · Post by **SB73** » Wed Jan 25, 2012 1:44 pm

SB73 wrote:Not sure the Fed will ever raise rates again...reminds me why my core holdings are in PM.

Also hard to imagine that additional accomodation caught wall street off guard. I think it has been evident based on the recent rally that accomodation was coming.

fuddleduddle · Post by **fuddleduddle** » Wed Jan 25, 2012 1:45 pm

Knee jerk reaction we've seen in the past.

Al_Dente · Post by **Al_Dente** » Wed Jan 25, 2012 1:46 pm

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

SWalsh · Post by **SWalsh** » Wed Jan 25, 2012 1:48 pm

If I were in "Bet The Farm" mode and I thought this was as reliable as up to 2008 before Big Brother joined the party and Timmay got a Bloomberg terminal:

bushwaffle · Post by **bushwaffle** » Wed Jan 25, 2012 1:50 pm

Petsamo wrote:
Me XMan wrote:Market has been expecting QE3 since last Nov 2011 and they've been ramping it up.
No QE3 means get ready for correction IMO.

Petsamo wrote:
Me XMan wrote:NO QE3

12:31 PM Fed Open Market Committee: Stretches the near-zero interest-rate policy through late 2014, beyond the previous mid-2013. The Fed will continue stretching out maturities, but there's no QE3 today.

jarbo456 wrote:fed announcement guys!!!! sweet lord....
Well, isn't that suppose to be bad for the markets?
So here comes the sell off ?

"bad" for markets, "selloff"...what language is this you speak?

SWalsh · Post by **SWalsh** » Wed Jan 25, 2012 1:50 pm

fuddleduddle wrote:Knee jerk reaction we've seen in the past.

Generally this has been a fade, and if wrong, you know quickly. We'll see soon enough.

They keep producing drinking water from sea water and handing it to a drowning man.

SB73 · Post by **SB73** » Wed Jan 25, 2012 1:52 pm

ok chop chop chop down to 1295 to 1300 then let the up move continue.

SB73 · Post by **SB73** » Wed Jan 25, 2012 1:53 pm

SB73 wrote:ok chop chop chop down to 1295 to 1300 then let the up move continue.

One more thought. I am not shorting, but waiting for the long.

Al_Dente · Post by **Al_Dente** » Wed Jan 25, 2012 1:54 pm

Regardless of how/where we close today
VIX MADE A NEW LOW AND PIERCED LOWER BOLINGER AGAIN
(please double check this)

[edit: on the daily $VIX charts]

Richarab · Post by **Richarab** » Wed Jan 25, 2012 1:54 pm

Guess I timed that gold buy exactly right - how high will it go?

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I am here: http://maps.google.com/maps?ll=17.992768,-92.819453

Post by **Cobra** » Wed Jan 25, 2012 1:55 pm

so far not bad looking.

Richarab · Post by **Richarab** » Wed Jan 25, 2012 1:55 pm

SWalsh wrote:
fuddleduddle wrote:Knee jerk reaction we've seen in the past.
Generally this has been a fade, and if wrong, you know quickly. We'll see soon enough.

They keep producing drinking water from sea water and handing it to a drowning man.

That sounds like Saudi Arabia ... About the water ...

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I am here: http://maps.google.com/maps?ll=17.992933,-92.819323

KENA · Post by **KENA** » Wed Jan 25, 2012 1:55 pm

anyone shorting AAPL on the open could have made a few bucks.

uempel · Post by **uempel** » Wed Jan 25, 2012 1:56 pm

If H&S works out SPX might rise to 1324ish. But I'm closely watching 1313.

SWalsh · Post by **SWalsh** » Wed Jan 25, 2012 2:00 pm

bushwaffle wrote:
"bad" for markets, "selloff"...what language is this you speak?

This is identical to the August 2009 announcement. Here it is in layman's terms: "WE GOT NUTTIN"

The Fed has no tools whatsoever to deal with this problem they hailed Greenspan for making before they knew it was a Chinese Finger Trap. Unless they hand me free money that does not have to be paid back, my 3 year old Explorer with 23,000 miles on it has 4-5 more years in it. I have no desire to spend any money to speak of as I don't really need any big ticket item and I think I reflect most people I know. And jump start spending (they laughed at Bush after 9/11 for it but he knew what spending meant) is what they need to do for the economy and they can't. Deflation is Bernanke's nightmare and I have said it since Oct 2008. He is pushing on a string!

BullTart · Post by **BullTart** » Wed Jan 25, 2012 2:00 pm

Al_Dente wrote:Regardless of how/where we close today
VIX MADE A NEW LOW AND PIERCED LOWER BOLINGER AGAIN
(please double check this)

[edit: on the daily $VIX charts]

That is correct. Also, bounced off the lower trend line. Meanwhile, RSI did not make a lower low, forming even more PosD energy for the eventual resolution upwards.

Looking for one more lower low on the VIX and the RSI to tag the ascending trend line to complete the PosD before resolution upwards. The longer the PosD, the more the energy expulsion when resolution takes place.

cougar · Post by **cougar** » Wed Jan 25, 2012 2:01 pm

SPY intra-day: these are modest hiccups, not trading signals!
Staying out of it for the time being!

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