10/21/2011 Intraday Watering

Al_Dente · Post by **Al_Dente** » Fri Oct 21, 2011 2:23 pm

ultramarine wrote:
99er wrote:Wieners
Grilled beef hot dogs for lunch.
SPX http://99ercharts.blogspot.com/2011/10/spx_1204.html
In other words, the Bulls are done.
Wieners...as in bratwurst and other German sh*t.
Thanks. Maybe I will call you Jude the Obscure...

Dow Trader · Post by **Dow Trader** » Fri Oct 21, 2011 2:25 pm

uempel wrote:
Dow Trader wrote:Because it is Friday, lets update the weekly chart. Check the broken trend line that SPX is fighting
Yeah Dow, makes sense, thank you. But SPX could keep on creeping sideways beneath the weekly channel line - and annoy us all.

my calculation says the following:
SPY 5 minutes close below 122.00 is a warning sign for bulls, as long as we are above it, then minimum target is 126.40
and if closed below 122.00 then the confirmation for a visit to Oct, low will be a print below yesterday's low.
and the daily chart signaling a new trend will be born, so the bulls should defend 122.00 then last line of defense is yesterday's low. If yesterday's low been taken away, then I will be in the bear camp.

KENA · Post by **KENA** » Fri Oct 21, 2011 2:26 pm

pablorynx wrote:is this a first? does no one else see that phantom bar?

I have 2 at 121.65

rocstocktrader · Post by **rocstocktrader** » Fri Oct 21, 2011 2:27 pm

Stock market video: “Friday Volatility - Prepare for a stong move into the close”

It can be found on the right sidebar under tools-free trading videos

http://stk.ly/qYFCaS

wayne0708 · Post by **wayne0708** » Fri Oct 21, 2011 2:27 pm

breakout confirmed?

seekingknowledge · Post by **seekingknowledge** » Fri Oct 21, 2011 2:28 pm

Will do! Thanks for sharing. One question. It stays overbought or oversold for a long time with the 144,3,3 parameters. Do you wait for hits to the 20 line for going long or are you relying more on a bullish crossover with the signal line? I noticed it didn't quite make it down to the 20 line yesterday around the time that you bought TNA. Close enough perhaps...[/quote]

I wait for three things:
1) Both the K & D MUST cross OVER the 20, AND
2) the 10MA must have jumped above the 20MA
3) looks like going to jump over high of last base (to make a higher-high). It is safer to wait for price to get ABOVE this high, but I take a chance and get in a few cents under the high ... and then ready to bail real quick if price starts moving down Look at the green line I drew on the chart posted earlier. This is entry. Let me know if you want me to re-post the chart, as I know it can be hard to go back and find.

Not sure why you didn't see stochastics make it down to 20. It actually went under (which is what I like). Check out the print screen again. Hope this helps.

swayne99 · Post by **swayne99** » Fri Oct 21, 2011 2:29 pm

Need to break 123.32 to keep rally going. Bears need to hold or HOD will be revisited

agnosia · Post by **agnosia** » Fri Oct 21, 2011 2:32 pm

/cl closed right at the top of the wedge it just broke out of . cliff hanger...

wayne0708 · Post by **wayne0708** » Fri Oct 21, 2011 2:33 pm

break down plz

wayne0708 · Post by **wayne0708** » Fri Oct 21, 2011 2:34 pm

will you please start taking in profit already, stop being so greedy. its dangerous to long over wkend

Al_Dente · Post by **Al_Dente** » Fri Oct 21, 2011 2:35 pm

swayne99 wrote:Need to break 123.32 to keep rally going. Bears need to hold or HOD will be revisited

yea, pretty weak attempt to cover
here 5min internal update
http://stockcharts.com/h-sc/ui?s=$NYDEC ... listNum=15

and some ear candy http://www.youtube.com/watch?v=AdKjEHfHINQ

Unique · Post by **Unique** » Fri Oct 21, 2011 2:35 pm

Dow Trader wrote:
uempel wrote:
Dow Trader wrote:Because it is Friday, lets update the weekly chart. Check the broken trend line that SPX is fighting
Yeah Dow, makes sense, thank you. But SPX could keep on creeping sideways beneath the weekly channel line - and annoy us all.
my calculation says the following:
SPY 5 minutes close below 122.00 is a warning sign for bulls, as long as we are above it, then minimum target is 126.40
and if closed below 122.00 then the confirmation for a visit to Oct, low will be a print below yesterday's low.
and the daily chart signaling a new trend will be born, so the bulls should defend 122.00 then last line of defense is yesterday's low. If yesterday's low been taken away, then I will be in the bear camp.

My thoughts exactly, thanks for sharing.

MrMiyagi · Post by **MrMiyagi** » Fri Oct 21, 2011 2:38 pm

my calculation says the following:
SPY 5 minutes close below 122.00 is a warning sign for bulls, as long as we are above it, then minimum target is 126.40
and if closed below 122.00 then the confirmation for a visit to Oct, low will be a print below yesterday's low.
and the daily chart signaling a new trend will be born, so the bulls should defend 122.00 then last line of defense is yesterday's low. If yesterday's low been taken away, then I will be in the bear camp.

Yesterday's low was 119.75$ I don't thin that we will get anywhere near that and as much as a bear I am I think that 2011 lows have already been seen and we won't go below 115-ish on SPY.

ultramarine · Post by **ultramarine** » Fri Oct 21, 2011 2:40 pm

seekingknowledge wrote:Will do! Thanks for sharing. One question. It stays overbought or oversold for a long time with the 144,3,3 parameters. Do you wait for hits to the 20 line for going long or are you relying more on a bullish crossover with the signal line? I noticed it didn't quite make it down to the 20 line yesterday around the time that you bought TNA. Close enough perhaps...
I wait for three things:
1) Both the K & D MUST cross OVER the 20, AND
2) the 10MA must have jumped above the 20MA
3) looks like going to jump over high of last base (to make a higher-high). It is safer to wait for price to get ABOVE this high, but I take a chance and get in a few cents under the high ... and then ready to bail real quick if price starts moving down Look at the green line I drew on the chart posted earlier. This is entry. Let me know if you want me to re-post the chart, as I know it can be hard to go back and find.

Not sure why you didn't see stochastics make it down to 20. It actually went under (which is what I like). Check out the print screen again. Hope this helps.

Of course! I see it now. I was trying to recreate on my chart package and looking at SPY instead of TNA. Duh!

wayne0708 · Post by **wayne0708** » Fri Oct 21, 2011 2:40 pm

Cobra:
Any comments for last hour and 19 min?

HappyFriday · Post by **HappyFriday** » Fri Oct 21, 2011 2:42 pm

Who see what I see ?
1250

waverider · Post by **waverider** » Fri Oct 21, 2011 2:45 pm

pady wrote:Two alternates. Up or down...

Nice chart Pady, but your wave 3 is invalidated because it's shorter than wave 1.

MrMiyagi · Post by **MrMiyagi** » Fri Oct 21, 2011 2:47 pm

Casinos have been red mostly all day (except MGM). Usually they follow, or slightly precede trends.

Post by **Cobra** » Fri Oct 21, 2011 2:50 pm

still fighting, direction not clear, let's wait.

pady · Post by **pady** » Fri Oct 21, 2011 2:52 pm

waverider wrote:
pady wrote:Two alternates. Up or down...
Nice chart Pady, but your wave 3 is invalidated because it's shorter than wave 1.

When Wave 1 is extended, Wave 3 can be shorter. This usually happens after steep falls.

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10/21/2011 Intraday Watering

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