07/21/2011 Intraday Watering

KENA · Post by **KENA** » Thu Jul 21, 2011 11:29 am

SOKU..ENTG coming back ok.Now only dn .07.Still looking for a 2.00/2.50 gain.What do you think, is it time to short the mkt.??I don't want to be to early but not to late either.I can't see the mkt going much higher without a correction.Cobra is looking for a dn move also as noted in his dailey blog.

tomsky · Post by **tomsky** » Thu Jul 21, 2011 11:29 am

tomsky wrote:hello everyone.
Bull flag forming? If it is, watch for breakout.
I'm not sure it's ok to be short, higher lows, the up trend slope is almost vertical. We will have a pullback, but till then...

breakout but in opposite direction, now we shall see where it stops.

KENA · Post by **KENA** » Thu Jul 21, 2011 11:34 am

shumushu wrote:no comments on the forums. Bears dead? I shorted /NQ at 2412.5, very low risk trade. NDX this morning hit the upper multi-month resistance.

NO..Not dead..To late to go long and waiting to go short.Just don't want to chase the mkt.

Post by **Cobra** » Thu Jul 21, 2011 11:36 am

I saw some exhaustion here, so could see rebound, but more likely (just a little little bit more likely, I'm not sure) the rebound shall fail, as it looks like a 2 legged pullback.

agnosia · Post by **agnosia** » Thu Jul 21, 2011 11:44 am

/es 1333-1333.50 needs to hold to keep me on this bull train. ( day trade )

KENA · Post by **KENA** » Thu Jul 21, 2011 11:44 am

For those who would like a scalp look at TSCO.They have been going up in good trend.Today sharp dn on ER.Iwould expect to them come up a good %.But who knows..It does look interesting.Lets see.

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 11:45 am

who want to see a very important chart ( specially for bears ) ?

silkway · Post by **silkway** » Thu Jul 21, 2011 11:46 am

divideby9 · Post by **divideby9** » Thu Jul 21, 2011 11:48 am

Dow Trader wrote:who want to see a very important chart ( specially for bears ) ?

Ha. do you even need to ask?

KENA · Post by **KENA** » Thu Jul 21, 2011 11:49 am

Dow Trader wrote:who want to see a very important chart ( specially for bears ) ?

You Bet.

soku · Post by **soku** » Thu Jul 21, 2011 11:49 am

soku wrote:es need a pullback. maybe to 1334-1335 area.
am i short it? no

it is boring and quiet. es eventually at my target zone
the up swing is too strong. i cannot rule out a bull flag. i will watch for 1330-1332 area which roughly reflacts 38% retracement. overall as long at es stays above 1324, it is still bull's show.

tomsky · Post by **tomsky** » Thu Jul 21, 2011 11:51 am

Resistance line and fibo. I think it should touch at least 38.2% before resuming.

soku · Post by **soku** » Thu Jul 21, 2011 11:52 am

KENA wrote:SOKU..ENTG coming back ok.Now only dn .07.Still looking for a 2.00/2.50 gain.What do you think, is it time to short the mkt.??I don't want to be to early but not to late either.I can't see the mkt going much higher without a correction.Cobra is looking for a dn move also as noted in his dailey blog.

yeah, entg is on my radar screen and it is keeping on giving me alerts. it is too wild to be my pet. i will watch it for another day or 2.

Out of Bounds · Post by **Out of Bounds** » Thu Jul 21, 2011 11:57 am

Dow Trader wrote:who want to see a very important chart ( specially for bears ) ?

Not me, just show everyone else.

tomsky · Post by **tomsky** » Thu Jul 21, 2011 11:58 am

resistance broken.

Post by **Cobra** » Thu Jul 21, 2011 11:58 am

OR high as support plus EMA Gap, hopefully we get H3 here to start a rebound. I'm a little disappointed in bulls now.

Post by **Cobra** » Thu Jul 21, 2011 11:59 am

Out of Bounds wrote:
Dow Trader wrote:who want to see a very important chart ( specially for bears ) ?
Not me, just show everyone else.

Dow Trader · Post by **Dow Trader** » Thu Jul 21, 2011 12:00 pm

keep in mind that this is a daily chart ( daily usually is most reliable signal ), MACD cross is after 2 red weeks
and check all my charts in the last 3 days and study it with this one then you will have a much clear view of the market hopefuly.
I suggest also to see my AUD chart and see the Dow daily chart pattern then you will see what is going on mostly. When I started trading futures in 1999, one experience trader told that when you come to trade the market in Thursday, be very very carfule because most of crazy moves happend in Thursdays and I still remeber that advise.
good luck

tomsky · Post by **tomsky** » Thu Jul 21, 2011 12:00 pm

target here, but maybe not today.

MajorEasy · Post by **MajorEasy** » Thu Jul 21, 2011 12:01 pm

cool pic of a 20 pt bull run starting 2 and1/2 hours before the market opened
20 plus pts. !!!!

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07/21/2011 Intraday Watering

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