Stock Market Today - Intraday discussion - Page 6202  

one more thing... the short interest on the NYSE is still damn high... which is bullish..

bullish or bearish is a matter of perception. IT could be bullish if they start to cover, however i think we already have seen that covering.

Things can change in a hurry on news events,in either direction I might add.We trade on current and breaking news for now.Getting a new set up with sattelite raw feeds so we can see things before they are edited and ready for public veiwing.AP news wires and early detection tweets are also being explored by us.Its getting to be a split second timing thing now and has moved on to the next level.The Twitter thing has been very valuable in the past as well as the the live feeds.The news stations get the same live feeds but the first try to confirm then they polish it so its ready for public release.

so has half the internet and i think figured that out...  Also you cannot acquire news released prior to public release, that is illegal and a pipe dream. closest thing to that aspect would be a bloombox and have to be registered. The twitter trends everyone already uses.

I thought so too.. but now i'm not too sure.. the amount of short interest is staggering and i dont think the "short covering rally" that we had so far reduced the short interest enough to more "normal" levels. We won't know for sure until the 26th when the numbers come out..

Quote:

Originally Posted by mjoke 

bullish or bearish is a matter of perception. IT could be bullish if they start to cover, however i think we already have seen that covering.

Quote:

Originally Posted by mjoke 

so has half the internet and i think figured that out...  Also you cannot acquire news released prior to public release, that is illegal and a pipe dream. closest thing to that aspect would be a bloombox and have to be registered. The twitter trends everyone already uses.

you still calling for the fall on monday that you've been talking about. remember u saying 10/23 but that sunday so my guess is monday

ya however they have thrown a wed date in there.. so extends it to either early or end of the week.  We wont get past 1250-60 ES and then revert back lower.

10-23 Sunday night see what happens, as EU opens and will set the tone.

whats your target for the drop? 1160? how low do u think we will go by end of week?
 

Quote:

Originally Posted by mjoke 

ya however they have thrown a wed date in there.. so extends it to either early or end of the week.  We wont get past 1250-60 ES and then revert back lower.

10-23 Sunday night see what happens, as EU opens and will set the tone.

Its not illegal for registered users.I can guarantee there are things in use right now that are not widespread knowledge.If half the internet had it figured out there would not be record amounts lost in the market by retail investors.There are edges that change weekly and monthly and unless you have very good equiptment and personel to run it you will always be one step behind.I know from personal experience.How do you think trades start happening moments before things come accross the TV? The pipe dream is thinking you can`t have the edge as an individual but it just takes time and money,its that simple.
 

Quote:

Originally Posted by mjoke 

so has half the internet and i think figured that out...  Also you cannot acquire news released prior to public release, that is illegal and a pipe dream. closest thing to that aspect would be a bloombox and have to be registered. The twitter trends everyone already uses.

Quote:

Originally Posted by mxdave 

If this is true short the financials Monday first thing.What happens in EU with cancel out Cat`s earnings and/or fuel the downside.If EU news is good and cat`s earnings are good look for 12K and 1250+ next week.If both are bad look out below.JMO  Everything that happens next week will depend on these two factors.Watch,think, be quick and make some dough guys.GLTA 

 

100% agree... eu is definetly holding this market back from even bigger gains, and where it really should be trading... once this crap out of euro is finally resolved my guess is that we could see one of these once it's "official".  (see video below)

we'll all know what the news is by either looking at the chart of the euro, or the dxy. one of them is going to flash crash imo. hopefully it's the dxy that does the crashing, that'll be your signal that it's a done deal. 

Correct.If I were playing Monday you can bet I`d be tailgating Sunday night for the pre-game.Uncertainty is the markets enemy.We will continue to be news driven until further notice.Carry on.

Quote:

Originally Posted by bigbear83 

 

 

100% agree... eu is definetly holding this market back from even bigger gains, and where it really should be trading... once this crap out of euro is finally resolved my guess is that we could see one of these once it's "official".  (see video below)

 

 

we'll all know what the news is by either looking at the chart of the euro, or the dxy. one of them is going to flash crash. hopefully it's the dxy that does the crashing, that'll be your signal that it's a done deal. 

its almost like you've turned into a big bull lol. How can one be so bullish after having a 1400 point rally in 14 days? Not specifically pointing it at you but how can people say this rally has room to go. You've just seen the market go up in a straight line

Anything is possible and if things fall in place its probable.If things go sour in EU then its downside time.12K seems to be the head bump area and we are nearing that.Lets just see what Sunday night and Monday through Wednesday bring.IMO we are teetering on the edge and could break either way in a decent manor.I also think if we break to the downside it will be greater than the break to the upside.This is all JMO and that and .50 will get you a cup of coffee.

It all goes back to what should happen and what actually does happen.Case in point: we really should`nt be whare we are today and yet we are.Just because we have gone up alot does`nt not mean we HAVE to come down.It should mean that but thats not the way its been working lately.October is on track to set yet another record of retail short interest loses.Whats funny is there have also been losses acrued by investors who bought during a run-up only to have a reversal and panic sold at a loss.

Quote:

Originally Posted by mxdave 

Anything is possible and if things fall in place its probable.If things go sour in EU then its downside time.12K seems to be the head bump area and we are nearing that.Lets just see what Sunday night and Monday through Wednesday bring.IMO we are teetering on the edge and could break either way in a decent manor.I also think if we break to the downside it will be greater than the break to the upside.This is all JMO and that and .50 will get you a cup of coffee.

right on!

cat + eu + gdp is going to be the catalyst here for more bullish activity in the market. maybe it's just me (?) but i don't feel the eu news has been fully priced in to equities yet... that's why i think once the news has been made "official" we are going to rally off of it. maybe not the +400 rally that i was showing in the video, but something more modest like +200 is def. possible imo. i think 12k is a pretty reasonable level for u.s. market to be at if eu news is positive. as dave said, we will have to wait and see what the news is come sunday night thru wed. there is going to be a pretty big move in either direction. it could be one big @$$ rally if all 3 are good. gonna be a wild week that is fo shooo. 

Quote:

Originally Posted by bigbear83 

 

right on!

 

cat + eu + gdp is going to be the catalyst here for more bullish activity in the market. maybe it's just me (?) but i don't feel the eu news has been fully priced in to equities yet... that's why i think once the news has been made "official" we are going to rally off of it. maybe not the +400 rally that i was showing in the video, but something more modest like +200 is def. possible imo. i think 12k is a pretty reasonable level for u.s. market to be at if eu news is positive. as dave said, we will have to wait and see what the news is come sunday night thru wed. there is going to be a pretty big move in either direction. it could be one big @$$ rally if all 3 are good. gonna be a wild week that is fo shooo. 

u wanna let me in on why we rallied the last 1400 points? Catalyst for that was??? hope? gotta love them hope rallies. hope its good so we can rally on what we were hoping for

sure dave.. hence why i say you have to be registered as a paid service. Closest thing is a bloombox, which most dont want to pay.

And still relies on a service to replay news, AFTER RELEASE. Anything beyond it hitting the wires is indeed illegal like before public release. Go read the SEC rules.

Quote:

Originally Posted by mxdave 

Its not illegal for registered users.I can guarantee there are things in use right now that are not widespread knowledge.If half the internet had it figured out there would not be record amounts lost in the market by retail investors.There are edges that change weekly and monthly and unless you have very good equiptment and personel to run it you will always be one step behind.I know from personal experience.How do you think trades start happening moments before things come accross the TV? The pipe dream is thinking you can`t have the edge as an individual but it just takes time and money,its that simple. 

 

Libya and Gadafi dead,good earnings,home starts.jobs numbers not getting worse,possible EU fix etc.Nothing all that great and granted its sugar coated but that was all it took.I`m not saying it makes sense but nothing seems to anymore.Its like being happy cause you`re not with the ugliest girl at the prom,there are at least two others who are just as ugly or uglier.It is all BS but it moved the market up.Play the trend no matter how fake it is or how much you think its propped up.While your thoughts may be correct about fake rallys or whatever the only way to profit is play along.Bucking the trend will eat you alive.

 

Quote:

Originally Posted by JFerraro 

u wanna let me in on why we rallied the last 1400 points? Catalyst for that was??? hope? gotta love them hope rallies. hope its good so we can rally on what we were hoping for

 

ok man your getting alittle carried away lol.. when i can shatter most of them and will take my stab now.

CAT has nothing to do with the ongoing issues, you want to use it as a barometer for everything else in the US fine, but inst the make all be all stock dictating economic status. I expect equipment ordered abroad for other projects but not within the US as the construction industry is still not well and have everything they need.  -- The EU news has infact been priced in the past 2 weeks and the 1000 points we have rallied, let alone the hundreds of points on the SP and NQ. The fact remains that other data is not in par to break any levels or run into 1300s, nor break past 11750 on the dow, which i can careless about the DOW and the levels as its nonsense.

If you think any wonderful news is coming Sunday i doubt it and outlined what they will release earlier in the week... a broad outline which will be so called approved on wed but needs to wait for nov for final approval, which might not even come. We are not talking tiny amounts here, and EU does not have a good track record  of being politically correct, coming together under one consensus let alone obtaining the funds in the plan they have is impossible, asking the private market then the public and then governments LOL... the ECB doesnt want to play ball anymore and will not back anything, as its not a baby sitting service and countries need to figure it out on their own rather than obtaining funds from other sources...

Cant live in DEBT forever or pay things on money you will never have.  Someone is going to lose its credit ratings and either is a countries which would take a hair cut, the ESFS etc etc.. so whos going to shoulder the blame and weight..  and inst for a "few" years.

There are issues before the end of the year in regards to 2012 but i will not repeat myself or address issues which dont matter at this moment until November. Even if there is a little lift it doesnt matter as this is a cyclical bear market and will be for the next 2 years atleast.

IF they took the pain now .. we would have 2 years of bad times, rather than 5 years of back and forth which is what it will be.
Lets all just wait for monday or wed.. as the shorts and longs will be waiting in the shadows to attack.

On one hand they cant let it fail just yet, and do one last push to change setitment perhaps... but the difference in my perception is EU will be forced too default, .. where as when its time fore the US they will choose when. The intrest and debt associated is so staggering, nothing can be done, unless everyone wants a decline in standards, which a decline in the US relates to a decline everywhere else.  Cant get much lower than the bottom of the barrel.

Quote:

Originally Posted by bigbear83 

 

right on!

 

cat + eu + gdp is going to be the catalyst here for more bullish activity in the market. maybe it's just me (?) but i don't feel the eu news has been fully priced in to equities yet... that's why i think once the news has been made "official" we are going to rally off of it. maybe not the +400 rally that i was showing in the video, but something more modest like +200 is def. possible imo. i think 12k is a pretty reasonable level for u.s. market to be at if eu news is positive. as dave said, we will have to wait and see what the news is come sunday night thru wed. there is going to be a pretty big move in either direction. it could be one big @$$ rally if all 3 are good. gonna be a wild week that is fo shooo. 

Not going to even get into the details so whatever you say.There are ways its done and we are using them and have used them for the past 12 months.And it don`t matter anyway and is not worth arguing about.You do it your way and i`ll do it mine.Whatever works for each person is what they should do.Not sure how your methods are working but I imagine OK or you would be long gone by now.So far we have managed to stay with the game so I`m happy.

 

Quote:

Originally Posted by mjoke 

sure dave.. hence why i say you have to be registered as a paid service. Closest thing is a bloombox, which most dont want to pay.

And still relies on a service to replay news, AFTER RELEASE. Anything beyond it hitting the wires is indeed illegal. Go read the SEC rules.