02/15/2012 Intraday Watering

[Petsamo]

SPY made a new low but IWM did not, yet

Spike down this morning on IWM went pass yesterday's LOD, that is ways bearish in comparison to SPY. me thinks

That was an accident

[Cobra]

evil plan. assume it's 3 push down.

[KENA]

Whr doing good ..Helping to to make up some $.

[stucap]

Are we all just playing one big game of WHACK A MOLE that just never, ever, ever, ever ends?

[SWalsh]

Welcome to the world of computer controlled trading!

SEVEN big buy spikes in 15 seconds just did that. Why? Because they could. What a great SEC and Justice Department we have.

I covered 3/4 of my shorts before that as I saw it slowing down. But this is ridiculous! At it's root, it makes us no better than the criminal state of Mexico if our markets are not policed.

[BullBear52x]

See my RSI, bulls are weaker then I thought today.

[ClarkW]

FWIW, Cougar just posted chart on Twitter that QQQ just bounced off support on 1 min. chart. 5th bounce...

[Tabby]

The VIX is getting better..We break above 23 the mkt will move better.

Jan 18, $VIX 23.44
Jan 30, $VIX 20.33
Feb 13, $VIX 21.98
Today 21.39 and the top was 21.25.
all outside Bolinger band( TOP) on 60 mins chart, the next day market was higher.
I hope you are right.

[1der]

ES - Interesting look. 1338 level is critical for realizing 1370

[Al_Dente]

Are we all just playing one big game of WHACK A MOLE that just never, ever, ever, ever ends?

wack a mole stu
it is what it is
[edit: Oy]

[stucap]

Welcome to the world of computer controlled trading!

SEVEN big buy spikes in 15 seconds just did that. Why? Because they could. What a great SEC and Justice Department we have.

I covered 3/4 of my shorts before that as I saw it slowing down. But this is ridiculous! At it's root, it makes us no better than the criminal state of Mexico if our markets are not policed.

Hello Latency Algo. Man, would it be like awesome to be the guy running that program? Press the button and watch the market pop.

[Cobra]

maintain the plan. remember the 3rd push down doesn't have to be lower low. personally I don't believe we'll have another sharp V today though so it's just a rebound after the 3rd push down, not something sharp.

[soku]

move my lines a little bit. 1342.5 then 1333.75

[TraderGirl]

AGQ update, sitting on 20 dma on daily, and sitting right below 20 dma on monthly...needs to hold support on 20 dma on weekly...

[TraderGirl]

AGQ update, sitting on 20 dma on daily, and sitting right below 20 dma on monthly...needs to hold support on 20 dma on weekly...

Sorry, needs to hold support on 20 dma on daily...

[Mr. BachNut]

I continue to hold an intermediate term short position (put on Monday in pre-market hours).
While price has been gyrating, continued deterioration in the McClellan Oscillator and the McClellan Summation Index suggest growing weakness under the surface.
So, no confirmation of a trend change yet, but the case is firming up. Will keep watching closely in case the action is simply a back and fill before proceeding on up.

[jarbo456]

is appl really going to pull a double bottom pop coinciding with the 3pm ramp?

[stucap]

is appl really going to pull a double bottom pop coinciding with the 3pm ramp?

They will try but maybe they'll fail this time......maybe = 0.0000001 chance.

[thanos]

1340 to 1370 is just noise! if you are a swingtrader you should only really care about those two levels. Easy as putang pie!

[SWalsh]

Welcome to the world of computer controlled trading!

SEVEN big buy spikes in 15 seconds just did that. Why? Because they could. What a great SEC and Justice Department we have.

I covered 3/4 of my shorts before that as I saw it slowing down. But this is ridiculous! At it's root, it makes us no better than the criminal state of Mexico if our markets are not policed.

Hello Latency Algo. Man, would it be like awesome to be the guy running that program? Press the button and watch the market pop.

But the bigger thing is this - Merger & Acquisition firms are closing down. The mkt has no connection to the reality of that which remains of our economy as in the value of companies that hire people.

Markets take years to bring investors into it. They leave easily for two reasons. One is due to losses and the other is volatility and its uncertainty of large swings in equity they cannot accept. Regardless of size, most people can look at (e.g) a $1,000 profit on a trade right now and see it fluctuate by $500 in a blink all due to the machines. It's not that you ever really controlled you position, but you did control your losses unless an odd event occurred. Now, they know your position and it better not be the same as everyone else because it's plain that unless mass liquidation begins, they have unlimited funds and trade ONLY because they figured out the positions on at any given time.