04/21/2011 Intraday Watering

[cletus]

again, you forgot to check time, today's update is wrong again.

It may not be up to date but I doubt it's changed much since the market is unchanged from a few hours ago. I'm just going on what's there because there's nothing else to go on.

[Cobra]

SPX
60-minute MACD about to cross.
http://99ercharts.blogspot.com/2011/04/spx_5794.html

Looks like next monday will be RED

There might be a pullback Monday but honestly the option sentiment seems way overly bearish to me. I see ISEE (Retail option trading) at neutral levels today implying skepticism plus CPC is at 0.93. Typically good pullbacks don't happen until you see some exuberance. It will be interesting though.

let's forgot the time which obviously is wrong, but you call this too bearish? what reading you think is bullish? above 500???

[cletus]

let's forgot the time which obviously is wrong, but you call this too bearish? what reading you think is bullish? above 500???

The overall ISEE is more important, in my opinion, because individual equities might be trading lots of calls but ETFs are trading lots of puts, so really, there is healthy skepticism of the rally.

[KENA]

Thanks for the week COBRA. I have to leave early to day. See you all Monday.

[Cobra]

Thanks for the week COBRA. I have to leave early to day. See you all Monday.

thanks, see you!

[99er]

ES
Expecting a small move up to complete an a-b-c up to ii.
http://99ercharts.blogspot.com/2011/04/es_5286.html

[BullBear52x]

What a turn over, ES is hanging by a tread on lower wedge.

[Cobra]

another boring day. nowadays the market moves at night, sleeps in the day time.

[cletus]

another boring day. nowadays the market moves at night, sleeps in the day time.

That's the NY Fed buying emini futures. They're the only buyers left. The only ones left are shorts covering and a few scraps from people who already aren't all in.

[BullBear52x]

another boring day. nowadays the market moves at night, sleeps in the day time.

No kidding. well, patience I guess.

[Cobra]

today's consolidation doesn't look bad, just cannot image another huge gap up the next Monday, but the consolidation patter does look like that the next move is up.

[Thunder]

SLV near HOD !!!

[BullBear52x]

Bulls got the ball back. I hold my trap SSO short over the weekend just for speculation. no business to hold shorts over this type of tape.

Good holiday all, I didn't know bunny lay eggs.

[Cobra]

guess that's if for today. thank you guys, I'll see you the next Monday. Have a nice long weekend!

[Tabby]

Cobra et el;

Many thanks for everything and have nice longggggggggggggggggggg time off.