12/16/2011 Intraday Watering

[waverider]

agnosia said he worked in tech for GS. i never worked for GS, but i worked for a fund in one of the GS buildings.

did he not like us copying his oil trades? that guy would always get in at the bottom tick and out at the top tick of his /CL day trades...hmmmm...lol[/quote]

Lol, I don't see why he would because followers only pop it up/down more and he would just dump it on them before they knew what to do. That guy's a great trader.

[stucap]

Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

I see strong support there, let see VIX need to drop further to support the support theory, TNX show some life in it, so far LOD is getting clearer.

Bears need to act soon!

[Nomorework]

Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

I see strong support there, let see VIX need to drop further to support the support theory, TNX show some life in it, so far LOD is getting clearer.

Thank you! I'll take a look at that. I am here to learn

[Mr. BachNut]

An idle Friday afternoon daydream of an evil plan...
I noticed in a chart Bullbear52 posted a few minutes ago that a modest rally in the days ahead could set up an inverse head and shoulders on the SPY. White Chart.
If such a thing unfolded, it would come near the apex of a mega symetrical triangle. Blue chart.
The mega triangle suggests a potential big move coming our way.
If an inverse H&S forms and completes at the end of a symetrical triangle, it argues a big bull move.
However, this is an evil plan.
So, such an IH&S pattern if it occured would fail trapping and confusing folks as the triangle ultimately resolves down.

THIS IS NOT A PREDICTION OR FORECAST. JUST PLAYING AROUND WITH CHART POSSIBILITIES. Mr. Market could decide to just continue breaking down next week...

[Anaconda]

Just look at the "ownership" of the US stock market, and you can tell why most of the participants are wrong most of the time

34% housholds, which makes you think this is an easy manipulated market by leveraged HFT traders, just look at todays price action, ridiculous

so it is REALLY a better idea to follow forex or bond charts to get a clue about what might happen in the future

Understand your point, but I don't understand your logic at all, based on the chart you provided. In fact, the chart if anything disproves your point I would think; HFT's would best likely associated with hedge funds/investment banks/mutual/pension funds, which represent fairly small interest block - relative to retail - on your chart. Go figure.

[quientuves]

We need something really bad to break LOD at 1215... I don't think it breaks. But I hope market doesn't bring us a sharp rebound with this damn OPEX.

[Al_Dente]

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

PS: my 2 cents EWers, please keep posting those charts and your EW chatter, please please
PPS: Also folks, please keep asking cobra questions, he replies, and we get more from him, sorry cobra, not to drive u nuts, just that more info is SOOOOO valuable…. from you especially from you

[uempel]

My signals today: first signal was ok, second signal was more or less a dud. But reaction to the second signal is very interesting - shows that some guys are pulling/pushing the market to a close at about 1220, perhaps it's the max pain level (?). Big guys want neither take off nor dip.

[99er]

Bored?

http://www.rawstory.com/rs/2011/12/16/i ... ing-woman/

World's shortest woman.

[keesa]

max pain of SPY 123 equals to ES 1223.50

[Roadrunner]

Cobra
last week you posted the EOD moneyflow (-neg) in your nightly discussions. Has this changed?
Thanks again

[quientuves]

I bet today closing @1219.

[BullBear52x]

XLF/FAS new LOD

[Cobra]

Cobra
last week you posted the EOD moneyflow (-neg) in your nightly discussions. Has this changed?
Thanks again

yesterday was an up day but the money flow was very negative.

I won't read money flow too much today because it's OE.

[Cobra]

could be a small double top here. Let's see.

[tapesense]

Boehner with your skin so bright, won't you get Obama to approve the XL pipeline he'd approve anyway after some biased review.. tonight.. Happy government shutdown holiday rally everyone!!

My ES bounce setup broke, longer term bias pivot @1180..

[99er]

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_6480.html

Hungry bears gonna try again.

[stucap]

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_6480.html

Hungry bears gonna try again.

Need some more hungry bears to join the party --- volume is piss poor right now at support.

[Al_Dente]

PAGING BARON, more on “unavailable to borrow”
Too crowded trade often (?) indicates impending turn, and is often hard to estimate as “crowded” can get much more crowded before turn.
One of the only PROOF/EVIDENCES I know of for “crowded” is “unavailable to borrow” short.
Think about it. Your broker is refusing a commissionable trade from you. They don’t do that lightly, not unless they have no other choice (no shares available to execute your trade).
IMHO That’s pure evidence that EVERYONE (?) is on the same side of that trade (at least according to your broker’s availability, varies substantially). hhhhmmmmmmmmmmmmm
Also note volume size of what they refused (eg smaller volume ETFs ?? compared to larger volume SSO ?? where there were still shares available to lend/borrow??)
PS: we’re not talking GORILLA VOLUME spy here folks, spy always/almost always at top of “highest short interest” NYSE list, and spy “always” has shares to borrow…iIf spy ever “locked-up”, oy…..
Please folks: other explanations are welcomed from board.

PS Baron I don’t know what this means: “”My broker and I are working on a retirement plan. Unfortunately, it's his!””
(still with electrician… ballast thingie… am still behind the curve here on board, sorry)

[thanos]

Why is everyone expecting another big move. You got the big move this morning. The bulls dropped the ball. Now everyone is expecting the market to tank even more in the next 2 hours! Its triple witching folks you are going to see some boring tape until end of the day. Start your weekend early! I am.

Peace out!