08/17/2011 Intraday Watering

[v1stock.com]

Test post.

Hi, I thought I'd register for this intraday thread as I check this blog every day. Some very nice intraday stuff posted here.

every post tell us bull or bear for
spy - bull
gld - bull

and now we should all watch us dollar - get ready for up-

and you will be welcome here

[deeko]

Thanks guys. Glad to be here.

Cobra is one of my favorite chartists so I'm going to be round quite a bit now I've finally got round to registering.

Yes, glad to have you on the board. been following you on Slope for awhile now.

[springheel_jack]

Testing uploading image directly:

[lazytrader]

110817-I ES 5min IHS.png

Testing uploading image directly:

Good to see you here Jack

RK

[springheel_jack]

and now we should all watch us dollar - get ready for up-

and you will be welcome here

USD might surprise us all yet. I'll be happier about it rallying as and when EURUSD breaks rising support from the low. Under the circumstances the strength of EURUSD so far this summer is astounding.

[agnosia]

looks like a bear flag to me.... don't see much upside for today on /es

[99er]

Honey...shall we go for a drive (again)?
SPX http://99ercharts.blogspot.com/2011/08/spx_4298.html

Vroom.

[springheel_jack]

110817-I ES 5min IHS.png

Testing uploading image directly:

Good to see you here Jack

RK

Hey RK. How's it going today? I didn't know your lazytrader alias.

[newbie_77]

dyamn that was 13million in a minute

[StrikePrice]

That 50% retrace is being defended well by Bears, I guess because it's at yesterday's close.

[Cobra]

seems a valid breakout.

[lilitulip]

Hi COBRA, SOX keep having lower lower, doen't look good for the market, right?

[agnosia]

the bears are holding their ground. 2K block at 1192 on the DOM. seems that's the level they want to defend. i am shorting this flag

[Nomorework]

seems a valid breakout.

Still think so?

[The Hook]

GDXJ black bar while diverging with gold. Other notable times were April 29, June 30 and Jan 1

[StrikePrice]

That 50% retrace is being defended well by Bears, I guess because it's at yesterday's close.

Sorry, I have too many lines. I meant 38.2% We haven't hit 50%, that's 120.

[Anaconda]

Death cross - Dow Transports follow the S&P in death cross today. http://www.zerohedge.com/news/death-cross-dow-trannies Anyone have any data/stats on the implications? Thanks much in advance.
A.

The daily death crosses are hit and miss. The last one on SPX was slightly after the low last summer. The weekly 13/34 crosses are a better guide, though slower.

Thanks.

Death cross too slow for me. After the March '09 bottom, it didn't cross to buy until JULY. The current SPX sell death cross this month only missed a few hundred points of the drop (from SPX 1370 down to 1100 ish). I can get a cavity wating for the death cross.

Thanks. I've read the same re. crosses. But haven't seen data/probabilities associated with it. (Ninja - I hear you re. Zerohedge. Take some, leave some.)

[Cobra]

seems a valid breakout.

Still think so?

yes, breakout then consolidate above the breakout point is not bad sign.

[Cobra]

Hi COBRA, SOX keep having lower lower, doen't look good for the market, right?

no good.

[agnosia]

the bears are holding their ground. 2K block at 1192 on the DOM. seems that's the level they want to defend. i am shorting this flag

breakdown below 1187. will add to my shorts.