02/22/2012 Intraday Watering

[Cobra]

break above here is Double Bottom, so now bears must hold here.

[TraderGirl]

trying to figure out what this market is waiting for...existing home sales at 10amEST?

I think they are expecting 300k for employment numbers tomorrow, but I have seen reports that it will only be 50k...???

you mean the weekly claims number? looks like 348k is expected, 355k was previous...and really anything under 400k is viewed positively...moving average has been falling on this number, but 400k has been the important level.

Sorry, what I meant to say that when they announced 300 something thousand jobs were created, there were only 50k created. The seasonal adjustments skewed the numbers quite a lot, and now they will most likely have to re-adjust....

[Cobra]

not a valid breakout. bulls must try harder, fail here would be bad.

[SWalsh]

Alpha Beta Gamma Delta Epsilon...I'm reminded of Burgess Meridith in a "Twilight Zone" as a librarian in the future being told he will be terminated as "You are OBSOLETE!"

[Buckethead]

i am legging into shorts via long SDS today. Leaving ammo for a final push up to 1372. If we don't reach that I will be 75% short by end of day

[SWalsh]

i am legging into shorts via long SDS today. Leaving ammo for a final push up to 1372. If we don't reach that I will be 75% short by end of day

Do play a mean guitar?

[trendfollower]

Article: "The Long-Term Fundamental Case For Gold"

http://goo.gl/F3Oyl

[btran874]

Tradergirl, is astrology for tomorrow positive?

[TWT]

NDX: Potential H&S with target at the critical gap support at 2547

(thewavetrading.com)

[dr659]

i am legging into shorts via long SDS today. Leaving ammo for a final push up to 1372. If we don't reach that I will be 75% short by end of day

Do play a mean guitar?

What did you dream? Its alright we told you what to dream

[TraderGirl]

I am not a doom and gloom person, and this sounds a little on the doom and gloom side, but just some astro info:

On the data side, you can see that the institutions have been unloading their positions and lightening up. Insiders of companies have been unloading an unusually large amount of stock. The European governments have been pushing off the inevitable default of Greece. This market could be inflated mechanically so that the institutions and governments unwind their holdings before the inevitable. If you don't think that the large institutions do not look at astrological events you are limited. The large investment banks and fund managers are the biggest customers of these astro financial forecasters. Here is an excerpt of an article by an astro guy I know regarding Greece. The date of March 16th is a Bradley turn date, in which I expect the market or certain markets to turn (within 7-8 days). A default of Greece is expected between March this year and 2015, and if you believe that the "institutions" really think it is "priced into the market" you have blinders on?

"Between March 16th and April 1st we see transiting Uranus in the 10th house of the chart of Greece in opposition to Pluto and the Moon in the 4th house. This points to emergency conditions in which it is possible that Greece will default. A default can happen either at this time or later in the year. Moon and Pluto opposite Uranus is explosive. There will be a popular uprising and probable overthrow of the Government, or, at least, the current Government will be removed. There is also the danger that autocratic technocrats from the EU will seize the Government. If that happens, there will be a lot of violence later on in the year. Transiting Jupiter will come to square Mars in the 2nd house of the chart of Greece between May 30th and June 2nd, timing more economic turmoil and loss."

Here is the full article...http://raphael-astroblog.blogspot.com/2 ... ology.html

[jimme]

SPY just missed a lower low by 1 point. Now up to 1365 for the hopeful ending... Carry on. GLTA jimme

[Al_Dente]

Europe down, China up
http://stockcharts.com/h-sc/ui?s=EWG&p= ... listNum=15

[TraderGirl]

Tradergirl, is astrology for tomorrow positive?

Tomorrow Mercury opposes Mars, which is negative, which lands on the day they announce unemployment claims, so the numbers may be unfavorable?? But Friday has a positive planetary aspect, so if the market is down tomorrow, it may pose a buying opportunity...

Over the weekend the Sun sextiles Jupiter and on the 28th the Sun sextiles Pluto, so these are seen as positive aspects...

[SWalsh]

A commentary and chart from Larry Levin on Greece. This is an amazing graphic upon which the Greek bailout, again, is based. It is a demonstrable lie to the casual observer that Greece, which is in a depression, will turn around this year to positive 3% growth. Here in the USSA we admit to 101% of GDP as a debt ratio and we don't have 3% growth. Like the wealthy in Greece are doing, might I suggest a Kalashnikov? Rates are zero here, and nothing is done to help real Americans, but the banking oligarchs that former IMF president Simon John warned about in "The Quiet Coup" (that he said could bring us to the edge of a depression if primed with money) are doing fine. Chicago politics hits America and Elliott Ness would be jailed were he alive and tried to stop this. When it comes, this is going to be an awful bear market.

"On April 2nd, 2009 Congress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters". And THAT has been your bull market. As S&L prosecutor, Professor William Black now at Harvard, stated, we are witnessing the biggest financial crimes in history. And these HFT charts are a component of these crimes.

[SWalsh]

If you don't think that the large institutions do not look at astrological events you are limited. The large investment banks and fund managers are the biggest customers of these astro financial forecasters.

I'd add that if anyone doesn't think they monitor blogs to try and get a feel for the position of day traders then one is dismissing the fact that they have every possible variable put into their programs. Knowing the position of day traders, which they surely do, is paramount to running the market against them for "fun and profit".

[Buckethead]

i am legging into shorts via long SDS today. Leaving ammo for a final push up to 1372. If we don't reach that I will be 75% short by end of day

Do play a mean guitar?

haha, loved him in guns n roses mk ii

[KENA]

GMCR is ready to PBOH and is now looking like a good short.Look at your charts.Lets see.

[quatzl]

If you don't think that the large institutions do not look at astrological events you are limited. The large investment banks and fund managers are the biggest customers of these astro financial forecasters.

I'd add that if anyone doesn't think they monitor blogs to try and get a feel for the position of day traders then one is dismissing the fact that they have every possible variable put into their programs. Knowing the position of day traders, which they surely do, is paramount to running the market against them for "fun and profit".

I am all in long. Here that large institutions. All in long. You know what you have to do.

[TraderGirl]

If you don't think that the large institutions do not look at astrological events you are limited. The large investment banks and fund managers are the biggest customers of these astro financial forecasters.

I'd add that if anyone doesn't think they monitor blogs to try and get a feel for the position of day traders then one is dismissing the fact that they have every possible variable put into their programs. Knowing the position of day traders, which they surely do, is paramount to running the market against them for "fun and profit".

I am all in long. Here that large institutions. All in long. You know what you have to do.