05/20/2011 Intraday Watering

[DaWay]

I like to look at Money Flow rather than Volume. Here's a good site for it:

http://online.wsj.com/mdc/public/page/2 ... mdc_leader

Do you find direct correlation with the money flow? do you look primarily at the % of block trades?
thanks.

I look at is as a "What is the smart money doing?" For example on 4/29 SPY was at the top of the Selling on Strength, which became a great indicator of the weakness that followed starting 5/2.

Not sure if that answers your question.

StrikePrice, that's once my daily check too. For about 2 months in '09, did my own graphs w/pen on a notebook, tracking etfs like fas/faz/..., with greater than 65% next day directional predictability. Maybe I should continue doing that again.

[ctu688]

now let's see if this is a 3 push up or something else. my guess is maybe it's something else.

Hi Cobra,

New here. You constantly mention 3 push up. What is that meaning in consequence? 3 up then down or 3 up then break out and big up? Enjoy your analysis and thanks.

QZ

[Cobra]

now let's see if this is a 3 push up or something else. my guess is maybe it's something else.

Hi Cobra,

New here. You constantly mention 3 push up. What is that meaning in consequence? 3 up then down or 3 up then break out and big up? Enjoy your analysis and thanks.

QZ

go to Getting Start take a look at AI Brooks Day Trading Setup Study Notes.

[ysc]

now let's see if this is a 3 push up or something else. my guess is maybe it's something else.

Hi Cobra,

New here. You constantly mention 3 push up. What is that meaning in consequence? 3 up then down or 3 up then break out and big up? Enjoy your analysis and thanks.

QZ

go to Getting Start take a look at AI Brooks Day Trading Setup Study Notes.

Is thi one? "Reading Price Charts Bar by Bar - Al Brooks "

[jynmax]

TARGET~

[StrikePrice]

Lastly, let's look at the weekly on SPY.

Unless there is a miracle in the last hour we def will be making a lower high. If we close below 134.05 it will be a red week.

I don't think then we can count out the possibility of the gap fill 99er wants on the Bear side but if that were to happen I think POMO dollars would push a rally up for another lower high. So I think it's best to remain Neutral over the weekend and not be overloaded to one side.

[Mr. T]

Going down.....

"Oooohhh Yeah!!!"

R.I.P. Macho man = Hogan couldn't hold a candle to ya... brother.

[Cobra]

Is thi one? "Reading Price Charts Bar by Bar - Al Brooks "

you won't understand what the book is trying to say, so the link I give should be enough.

[Cobra]

hopefully a rebound of some kind here. overall, it's OE, the price target might be at $134.

[Cobra]

more likely to breakdown from here, too bad.

[jamesmith]

hopefully a rebound of some kind here. overall, it's OE, the price target might be at $134.

looks like more chance to the downside to me~~ :cry:

[ysc]

Is thi one? "Reading Price Charts Bar by Bar - Al Brooks "

you won't understand what the book is trying to say, so the link I give should be enough.

sorry, which link? can you please post the link again? Thanks,

[uempel]

SPX broke out of the ellipse:

[chickencoop]

SPX broke out of the ellipse:

SPX1.png

last time it broke out then it came back in.

[gabor]

more likely to breakdown from here, too bad.

So you are not bullish biased any more.

[uempel]

SPX broke out of the ellipse:

SPX1.png

last time it broke out then it came back in.

Yeah, but that was last time... Today was options expiry, so I'm not sure what to read into the chart for Monday, but at the moment it sure looks weak (15.31pm)

[chickencoop]

SPX broke out of the ellipse:

SPX1.png

last time it broke out then it came back in.

Yeah, but that was last time... Today was options expiry, so I'm not sure what to read into the chart for Monday, but at the moment it sure looks weak (15.31pm)

thanks.

[Cobra]

Is thi one? "Reading Price Charts Bar by Bar - Al Brooks "

you won't understand what the book is trying to say, so the link I give should be enough.

sorry, which link? can you please post the link again? Thanks,

go to Getting Start take a look at AI Brooks Day Trading Setup Study Notes.

[dr659]

Is thi one? "Reading Price Charts Bar by Bar - Al Brooks "

you won't understand what the book is trying to say, so the link I give should be enough.

sorry, which link? can you please post the link again? Thanks,

Go to the top of this page and clic on trading, You will see getting started

[Cobra]

breakdown finally as I said, but not enough time left.