02/01/2012 Intraday Watering

[wayne0708]

should be at least one more push up to new high. here's my favorite pattern.

If price closes here bears are in trouble?

[dr659]

This headline is scary !!!!!
"American Airlines reportedly set to cut up to 14,000 jobs"

Well, they did file for bankruptcy

File bankruptcy means restructure the debt. But, cut 14,000 jobs means business is down BIG ! I guess they do need pilots or people to serve you. 14,000 people will ask Obama for help/money ...

Maybe Obama will take over the airlines and show them how its done

[Mr. T]

Next up is Portugal. Greece is old news IMO.

From ZH:

IIF SEES `VARIOUS ELEMENTS' OF PACKAGE COMING TOGETHER IN DAYS
IIF SAYS IT EXPECTS GREEK DEAL NEXT WEEK


Wash, rinse and repeat........

News is waste of time LOL

So is shorting......

[CoolMax]

Cobra, hutong9 is down.

[waverider]

So is shorting......[/quote]

Right, like in early august, which couldn't happen again.

[Cobra]

OK, here comes the revisit of the day's high as I expected much later that I thought though. key time, no failure allowed here.

[BullBear52x]

Next up is Portugal. Greece is old news IMO.

From ZH:

IIF SEES `VARIOUS ELEMENTS' OF PACKAGE COMING TOGETHER IN DAYS
IIF SAYS IT EXPECTS GREEK DEAL NEXT WEEK


Wash, rinse and repeat........

News is waste of time LOL

So is shorting......

yes, everything is waste of time LOL.

I need to wait for market to drop about 10% so not to front run

[Petsamo]

This headline is scary !!!!!
"American Airlines reportedly set to cut up to 14,000 jobs"

Well, they did file for bankruptcy

File bankruptcy means restructure the debt. But, cut 14,000 jobs means business is down BIG ! I guess they do need pilots or people to serve you. 14,000 people will ask Obama for help/money ...

Under a bankruptcy, everything is restructured, including job losses. Pensions are a big problem in unionized companies. Pensions are also considered debt, present and future.

[Cobra]

Cobra, hutong9 is down.

nope.

[Cobra]

should be at least one more push up to new high. here's my favorite pattern.

If price closes here bears are in trouble?

no, need see tomorrow. kind of expected today.

[SWalsh]

First big HFT hit of the day on the downside....maybe the week. And then nothing.

It has to be a basket of stocks as it is always 600 stocks, or possibly 590-600 as I'd have to stop the program and look at that line of data

[Cobra]

Cobra, I assume today lines up well with your "you earth people always like to try 2nd time" statement (Assuming we close lower than 1333)?

Yeap, so from now on, no failure allowed for bulls. must breakout decisively to new high in the coming days.

[Al_Dente]

wavy: honeybadger

here's one for you, which you probably already have:
http://stockcharts.com/h-sc/ui?s=XLP&p= ... =255793536

Cool, no I don’t have one that good, THX much
I’d like u 2 post what was it either vix or tvix with the purple volume…. that one
Best 2 u

[BullBear52x]

This is toping process guys, a break out >133.4 will be another wave of bull run, always sell double top start now, place a stop @ 133.43 and go shopping tomorrow get up early to see a gap up hahahaa...

[Me XMan]

Would love to see double top here.

[Me XMan]

You're right on

This is toping process guys, a break out >133.4 will be another wave of bull run, always sell double top start now, place a stop @ 133.43 and go shopping tomorrow get up early to see a gap up hahahaa...

[SWalsh]

This headline is scary !!!!!
"American Airlines reportedly set to cut up to 14,000 jobs"

Well, they did file for bankruptcy

File bankruptcy means restructure the debt. But, cut 14,000 jobs means business is down BIG ! I guess they do need pilots or people to serve you. 14,000 people will ask Obama for help/money ...

Under a bankruptcy, everything is restructured, including job losses. Pensions are a big problem in unionized companies. Pensions are also considered debt, present and future.

I flew in on US Air to Newark in October and checked in online. It used to be $149 to upgrade to first class if available. Now, it's $75 and you can put your name on a list to be notified. When I checked in there were 8 seats available in coach on whatever is six across and about 30 rows back. A321 maybe was the plane. And there were 3 First Class seats. That $75 includes the $25 for baggage so it's a $50 upgrade on a $238 flight if you booked at least 30 days in advance. There are little signs like this all over the place about the economy. about 165-170 people didn't want to pay $50 for first class? 4 years ago you had to try to check-in online at exactly 24 hrs before to have a shot at an empty first class seat.

BTW, I think there is very limited risk to be short here as that might be a failed 5th wave. Your stop would be a new high for that play based on that tea leave EW reading.

[Cobra]

not confirmed breakout yet, but no harm to know target.

[Cobra]

volume surge, should be a rebound here. again key time, no failure allowed for bulls.

[BullBear52x]

Would love to see double top here.

You may not get DB top