02/07/2012 Intraday Watering

[Cobra]

target if breakout confirmed.

[Al_Dente]

bots were buying this (volume), as they took out the stops
1m
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Cobra]

again, it's at least 2 legged up, so no fight bears.

[Cobra]

volume surge, so pullback or consolidation here but don't forget it's 2 legged up.

[Wallstreetrader]

Thwy wake up

[Cobra]

strong rebound so at least 2 legged.

Cobra the shape of the sell off looks the same as the rebound. Does two legged only apply to rebounds

BTFD is in full mode. Gotta keep playing it until it stops working.

No I won't read your way, the pullback is already 2 legged. the 1st leg and the 2nd leg forms ZigZag or Measured Move, but couldn't down the market a lot, so bears game is over here. This is a typical setup.

[Al_Dente]

Parabolic, vertical candlesticks 5m don’t usually go much more than 9 sticks but every squeeze is unique
We are on SPY stick #9 and watching

[SB73]

I have found that purchasing precious metals on weakness before Bernake speaks is a very profitable strategy.

[Me XMan]

short position triggered $134.70

[SB73]

short position triggered $134.70

You are one crazy squirrel. How many of these are you closing out profitably?

[Wallstreetrader]

Cobra could be in play an wedge into daily chart :

[soku]

wow break out to the upside. this is unexpected.
i am watching ben now. he said 8.3% unemployment rate is understate of the weakness of job market.
what does that mean

[Me XMan]

Crazy is right.

short position triggered $134.70

You are one crazy squirrel. How many of these are you closing out profitably?

[johnnywa]

target if breakout confirmed.

135.10 is your target? A rectangle is 7 points?

[Al_Dente]

PAGING baron von dots

[waverider]

/DX selling off rapidly, new lows!

[Petsamo]

We have a fat finger trying to do some selling

[ballatines]

hope it is not a bull trap ;p

[usctrojan99]

I don't ever recall a time where the market went down while Bernanke speaks. I bought 5 SPY 133 calls at 1.45 and sold at 1.96 for a quick scalp.

Trend is up - don't fight the tape. Bears will have their day, just not yet.

[waverider]

We have a fat finger trying to do some selling

where? all I see is a new high at the moment