12/12/2011 Intraday Watering

[BullBear52x]

Max pain 120 spy
FOMC meeting also

[jarbo456]

hard nut to crack right here for bears. we have 200MA, lower trend line, S2, and decent volume all between 123.63-83 on the hourly SPY chart.

jarbie what is “volume enhanced” support?

just the idea that support levels with higher volume are stronger.

higher volume levels usually indicate slow price action...vacuums or levels where there's little volume are usually sliced through quickly.

[jarbo456]

Max pain 120 spy
FOMC meeting also

I'm getting max pain for SPY at 124...weekly and obviously Dec monthlies...no?

[jarbo456]

Max pain 120 spy
FOMC meeting also

I'm getting max pain for SPY at 124...weekly and obviously Dec monthlies...no?

with that being said, according to this chart: http://aaplpain.com/?page_id=421

it looks as though market makers would be ok expiring anywhere between 121-129. not losing major money.

[heavenskrow]

Scalpers might want to keep an eye on the 261.8% fib retracement

[BullBear52x]

Max pain 120 spy
FOMC meeting also

I'm getting max pain for SPY at 124...weekly and obviously Dec monthlies...no?

yes, monthly, weekly puts peak at 120 calls peaks at 130

[Al_Dente]

intraday 1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[uempel]

A break of DMA 377/WMA 75 would be a very bearish signal, preumably it's not going to happen today:

[SB73]

target $123.23. I'm not sure anymore, all the targets failed recently, market always reversed after OR breakout.

Cobra at what price is this pattern invalidated?

[BullBear52x]

Pagging Dr. Al, how do you like this chart? see the name upper left corner.

[Cobra]

target $123.23. I'm not sure anymore, all the targets failed recently, market always reversed after OR breakout.

Cobra at what price is this pattern invalidated?

breakout above the OR high.

[cougar]

Bucking the bearishness of the day: the 2 recent “I-s” of biotech: Inhibitex (INHX) and Incyte (INCY).
=====
Release: I am long both...and holding.

[uempel]

Update:

[Cobra]

so far looks like a Bear flag, so should continue down soon.

[BullBear52x]

/ES is do or die, one more down day the swing evil side will only get stronger.

[SB73]

target $123.23. I'm not sure anymore, all the targets failed recently, market always reversed after OR breakout.

Cobra at what price is this pattern invalidated?

breakout above the OR high.

Thanks

[SB73]

Interesting, but when we are going up everybody is trying to get short and looking for reasons why and when we are going down everyone looking to get long. Obviously not a trade the trend group.

[Me XMan]

If /ES crashing below 1220 then I'm backing up the truck and load up shorts.

/ES is do or die, one more down day the swing evil side will only get stronger.

[Me XMan]

Come on SPX 1220

Update:

SPX3.png

[SB73]

Interesting, but when we are going up everybody is trying to get short and looking for reasons why and when we are going down everyone looking to get long. Obviously not a trade the trend group.

Disclosure long TZA 28.15