06/30/2011 Intraday Watering

[Cobra]

Remember once you said that high volume of visit when market near bottom -- the essence probably many people (bulls) are in much pain there. Hope the opposite also works, near the top when also many poople, bears this time, are in great pain.

yes, bears are in pain but unfortunately, i don't have good news for bears. it's very very rare that the market reverse sharply here, so bears need a miracle here.

cobra laoda why dun u trade the es instead of the spy?

I trade ES. I show you spy chart is because it's convenient to show. besides, trade leveraged ETF has some good points which I explained before, mainly because it's easy to hold both direction during the trend transition period.

which lev ETF do u use to trade?
SPXU ?

didn't I show you everyday?

[viewer]

very first touch of EMA20 for more than 2 hours, should be a long setup somewhere around here. the thing not good for bulls are green and pink.

Cobra,

What green and pink?

[Cobra]

very first touch of EMA20 for more than 2 hours, should be a long setup somewhere around here. the thing not good for bulls are green and pink.

Cobra,

What green and pink?

FXA:FXY, TLT

[KENA]

I would very much like to see the NYMO today, I am sure it will be overbought if we finish like this today, leaving almost no room for a beginning of month rally..

The NYMO was at about extreme last night .Based on that and a couple of other factors I expect a roll over.We have a lot of hype and up momentem so the mkt may go dn slowley and sideways for a day or two.Wait and see.

[AK84]

I trade ES. I show you spy chart is because it's convenient to show. besides, trade leveraged ETF has some good points which I explained before, mainly because it's easy to hold both direction during the trend transition period.

which lev ETF do u use to trade?
SPXU ?

didn't I show you everyday?

yes u did. sorry that was retarded of me to ask .

[Cobra]

h2 at ema20 after 2 hours not touching it, let's see if this is a perfect long or simply a bull trap.

[KENA]

Just got done cleaning up all my blood on the floor.My bleeding is slowing a little bit now.I thought i was a dead bear .

[jakd]

still think this is an Ascending Triangle.

Cobra, does the breakdown of Ascending Triangle play out?

[Cobra]

still think this is an Ascending Triangle.

Cobra, does the breakdown of Ascending Triangle play out?

it's not an Ascending Triangle anymore, or more precisely failed Ascending Triangle breakout.

[endangered510]

Broken ascending triangle on the S&P and H&S pattern on 5 min EUR/USD. I lean bearish here. I'm looking to go long on after substantial dip.

[greenback]

ISEE has been low for yesterday (65) and today ...
All Securities
Time Calls Puts Total ISEE
12:50 183279 243259 426538 75

[babaro22]

Daily DMI has turned positive, BUY signal on intermediate time frame, but "death cross" still possible. Bears are not done yet on longer time frames.

http://babaro22.blogspot.com/

[90ufo]

Just got done cleaning up all my blood on the floor.My bleeding is slowing a little bit now.I thought i was a dead bear .

me too. this week just relentless push up.

[guelder_rose]

Cobra, could u update DAX-Review today?

[greenback]

RSI on the 15m chart is showing a slightly reduced momentum ...

[cougar]

uempel:

Thanks for the heads up; always find your BP charts helpful.

But my charts say "sell."

My coffee maker, however, has yet to say a word.

I think my expresso start pffffffffffffing. It might be a false piffffffffing, lets see. Cougar, how is your expresso machine ?

Hey Tabby! My espresso machine fell asleep this morning.
However, while it was sleeping, I revisited a longer term geometric construction of the SPX moves.
In it, 2 harmonic Gann Fans have something in common: an m=1 for the 1x1time/price line, and that makes them not-adjusted, classical fans. As part of them, the respective 1/1 lines were excellent supports.
The large semicircle was significant, because when the price escaped from it, it confirmed the bullish EW count inside the big C wave. If the shenanigans recently initiated by the camarilla succeed, we are in w3 of W5 of BIG C(circle ). An escape from the second (parabolic) arc would confirm this recent count and we will be heading for the completion of all these waves.

Après cela…le déluge!

[shumushu]

Warning: market might be rolling over here. Prediction: testing the 50 day moving average on the $NDX. Complex head and shoulder pattern.

[Cobra]

could be a bull flag in the forming. lunch time, will be BACC.

[KENA]

could be a bull flag in the forming. lunch time, will be BACC.

Lets get the Bear Flag going first.Or did this up move wipe it out??????

[DRL]

I also prefer swing trades, but have difficulty knowing entry / exits. Your method appears to work for you.
What are the indicators you use?

I swing trade, can't sit in front of the computer all day, my SPY system has triggered 17 trades for the SPX since September 2010. A lot of people don't like indicators, I don't really either, so I made my own