11/04/2011 Intraday Watering

[Al_Dente]

scott . put in 1000 reject.100 accept. 1000 reject last.

thanks very much x (sorry, u told us that before; forgot)
by any chance do u know who Scott clears their trades through? Broadcort/ML or ?

[waverider]

BIG negative divergence on the 1 min RSI, back below pivot SPY

[BullTart]

Very clever, took it to a double top to squeeze out the last before prepping for the close.

Greek gov't in disarray.

But the Italian gov't is ready to steal the limelight when Italy's PM returns home to his revolting gov't.

G20 couldn't coax IMF (er USA) for money. They approved the bailout fund but where's the money going to come from? Their last auction died at a few billion. They need trillions. LOL!

China? Brazil? Nope.

The outcome has now become binary: print or default.

Print is not likely due to politics (unlike here in the US).

So money is on default.

[KENA]

Good workout today makes you feel better and it's good to get away from the computer..As for CAT short I was planning on a quick trade but CAT has broken out of the up channel and has been consolidating some what and is tending dn slowly,looks like a good swing trade for a very few days.Lets see.

[Cobra]

remember, sharp pullback from here would confirm my bearish view. so both bulls and bears need pray. For bulls, it's no turning back.

[tdo722]

wow, vix came back from the dead and is commanding the bears again, lol

[jarbo456]

sold my longs with the double top completed, and went short. but am less confident in the shorts (again), as we all know, bears have no balls today. if they can't take this down to the minimum target, it will prove yet again that being short, no matter the TA, is a bad trade (less than 50% success rate, no matter what).

[Al_Dente]

most dow stocks that were in sqz mode are trying to fail
NOTABLE TO WATCH.... T.....MRK....

[Dow Trader]

Important area in the hourly

[Mr. BachNut]

Well, my stop didn't get hit this morning. So, I am still Net Long.
Emotionally, I want get neutral, but the tape still seems constructive.
The recoveries from the body blows this morning and yesterday morning have been impressive. Dips are getting bought.
We have had higher highs and higher lows since the open on 11/01. Though perhaps today, we'll see a lower high form.
I may hedge by the close just to sleep well over the weekend, but I do not have a great technical reason to do so at this point.

[jarbo456]

ewww. if bears let bulls take 125.5, i'll be out of my shorts again. wasting my commissions on shorts today.

[stucap]

can't seem to break 1247 ES....every tiny resi becomes support these days....

[cougar]

“Honey, let’s forget about Groupon…. Take me where the action is!”
“OK, I'll take you to INHX [Inhibitex]: by far the cheapest in a very crowded space!”

[swinger]

It's got to be some good news out of G20 to boost the market on Monday.

[xfradnex]

scott . put in 1000 reject.100 accept. 1000 reject last.

thanks very much x (sorry, u told us that before; forgot)
by any chance do u know who Scott clears their trades through? Broadcort/ML or ?

Nite trading

[Al_Dente]

BIG negative divergence on the 1 min RSI, back below pivot SPY

wave: I’m with you, but we can’t get a true negative divergence there, as the 2:30ET spy stick did not match or better the earlier spy high at 1:48ET
u read neg d different than I do?

[Almo99]

I'm new to this but I see a massive H&S on the 60 min SPX. 1290 head with left and right shoulders around 1260. 1255 is also the lower trend line of a bear flag so I think it's bearish from here. Let's see.

1240 has been big support so needs to break through that to confirm. I've gone short at 1253.6

[BullBear52x]

Bulls or Bears, you tell me.

[Almo99]

Bulls or Bears, you tell me.

And who said traders aren't funny?

Bulls, Bears and Wolves???

[h2oskier]

Bulls or Bears, you tell me.

Classic!