12/08/2011 Intraday Watering

[SB73]

this is downright insanity. Preservation of capital is on my mind today over profit.

Even though I held short overnight I totally agree with you. This has turned into an absolute circus with anything and everything being backstopped. Market is a joke.

it has been for months now.

Does 24/7 intervention build investor confidence?

[stucap]

There was a small move in the McClellan Oscillator on Tuesday, followed by another very small move on Wednesday. With the SPX at 1252 -1253 and still tailing off yesterday, the bs IMF rumour came out. Absent that, I think the market may have declined more into the close.

I think the buy the dip crowd today should be careful what they wish for.

I think the buy the dip crowd is in control......the open is VERY strong so far.

[heavenskrow]

SLV

[stucap]

Cobra. Any target yet?

An evil plan would be much appreciated at this juncture.

[uempel]

Big day is tomorrow, so I guess we can take a day off today. Cobra can go to the playground with his daughter, Al can listen to music without checking the market, Dow can look up to the sky and see if he detects any clouds, Heaven can fly around and look down on all these nervous traders, sitting in front of their screens...

[fehro]

break of 1248ish... could see a swift move...

[SB73]

There was a small move in the McClellan Oscillator on Tuesday, followed by another very small move on Wednesday. With the SPX at 1252 -1253 and still tailing off yesterday, the bs IMF rumour came out. Absent that, I think the market may have declined more into the close.

I think the buy the dip crowd today should be careful what they wish for.

I think the buy the dip crowd is in control......the open is VERY strong so far.

Looks like bear flag to me, but you better have balls to make the move.

[uempel]

Cobra. Any target yet?

An evil plan would be much appreciated at this juncture.

Evil plan today is to be careful. Have you ever played rouge et noir? Today is a Roulette day...

[ccash04]

Euro retesting LOD, along with uup at HOD.. bonds are picking up strength 10 yr back to around 2%

[bobo]

Remember what Yogi said and I don't mean the bear.

There was a small move in the McClellan Oscillator on Tuesday, followed by another very small move on Wednesday. With the SPX at 1252 -1253 and still tailing off yesterday, the bs IMF rumour came out. Absent that, I think the market may have declined more into the close.

I think the buy the dip crowd today should be careful what they wish for.

I think the buy the dip crowd is in control......the open is VERY strong so far.

[newbie_77]

1248... wow .. still a long way from here ...

break of 1248ish... could see a swift move...

[JTrader]

Bearish today if 50% of the gap can't be closed within first hour. (SPY)

[heavenskrow]

Euro

[viewer]

5min SPY seems forming a double bottome.

[Cobra]

seems green line below is the target. I'll comment when we reach there.

[heavenskrow]

talk about a breakdown. bonds and dollar have now confirmed break....

[Richarab]

Cobra

The Richarab has signed up for your site. Better to lose $10 a month - than $120,000 a month without your sage advice.

[Cobra]

Cobra

The Richarab has signed up for your site. Better to lose $10 a month - than $120,000 a month without your sage advice.

Thanks, really appreciate!

[fehro]

bounce or break?

[Al_Dente]

1 min internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
nydec 2300 qualifies as an unofficial “bear trend day” but it must hold >2000