12/12/2011 Intraday Watering

[MrMiyagi]

Hmmm... my sac says a drop at the close today.

[99er]

Update

SPX http://99ercharts.blogspot.com/2011/12/spx_1145.html

Butterfly.

[fehro]

50 day SMA on SPX = 1221.81... doubtful... but could open gap down below it, break bull flag downwards

[cougar]

Flabby Abby was again on CNBC, pumping the market...longer term!
Second appearance in a week! Things must be BAD!
Whispers: France getting downgraded.

[Al_Dente]

Here’s how I watch NYDEC and VIX at schwab (schwab symbol for declining issues is DECN)
http://screencast.com/t/oKPQ82h6sHAA

Nice one Al, so SPY has been in this longer than three hour trading range with a series of higher lows and higher highs. Looks like we finally break to the upside?

Wavy remember old Al lets SPY tell him what to do, not visa versa
1 min http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=gWNRUVMboq4

[Buckethead]

What a great call by Cobra over the weekend.
I closed most of my shorts now. Will close balance on the close.
I am playing 3x Op Ex effect on the long side next 24-48 hours.

[heavenskrow]

oh yeah.

[BBFinance]

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,

[waverider]

Here’s how I watch NYDEC and VIX at schwab (schwab symbol for declining issues is DECN)
http://screencast.com/t/oKPQ82h6sHAA

Nice one Al, so SPY has been in this longer than three hour trading range with a series of higher lows and higher highs. Looks like we finally break to the upside?

Wavy remember old Al lets SPY tell him what to do, not visa versa
1 min http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=gWNRUVMboq4

Oh yea, haha. Perhaps I should have realized a buy after a three push down wasn't a good buy, because the gap down was likely to result in a measured move down? Of course I got that from master Cobra. Bulls getting their baby breakout for now.

[Cobra]

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,

assume no miracle or rumors in the last 28 minutes, we close right here (which I don't believe, I guess we'll close low of the day) then it's confirmed 1-2-3 trend changes.

[heavenskrow]

i dont thinks its a bear flag anymore.....

[noob]

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,

assume no miracle or rumors in the last 28 minutes, we close right here (which I don't believe, I guess we'll close low of the day) then it's confirmed 1-2-3 trend changes.

Thanks, would it be a buy if we close lod?

[Anaconda]

It's really hard to be ambivalent about phantom bars at this stage. I don't know the odds, but my personally record has been very good when following their lead.
A.

[silkway]

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,

assume no miracle or rumors in the last 28 minutes, we close right here (which I don't believe, I guess we'll close low of the day) then it's confirmed 1-2-3 trend changes.

cobra, does it mean we will have LL tomorrow? Thanks

[CognitiveDissonance]

It's really hard to be ambivalent about phantom bars at this stage. I don't know the odds, but my personally record has been very good when following their lead.
A.

It's not the if but when that gets me in trouble

[BBFinance]

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,

assume no miracle or rumors in the last 28 minutes, we close right here (which I don't believe, I guess we'll close low of the day) then it's confirmed 1-2-3 trend changes.

Which means more selling tomorrow?

Today we had a US$ 32 Bn bond sell.
Tomorrow another Bn $21 scheduled.
Day after another Bn $13 Scheduled.

It will remove lots of liquidity from the market.
So if we are looking for more selling tomorrow as per 1-2-3 trend change, that perfectly correlates with the liquidity flow

[MrMiyagi]

It's really hard to be ambivalent about phantom bars at this stage. I don't know the odds, but my personally record has been very good when following their lead.
A.

That's what I mentioned earlier, similar results.

[Cobra]

Thanks, would it be a buy if we close lod?

50% chances.

[CognitiveDissonance]

Can someone educate me as to what the heck is going onright now with spx? it's jumping but why?

[EFA]

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,

assume no miracle or rumors in the last 28 minutes, we close right here (which I don't believe, I guess we'll close low of the day) then it's confirmed 1-2-3 trend changes.

Could you please clarify that "It's confirmed 1-2-3 trend changes" meaning SPY will start going up?
Thanks