08/18/2011 Intraday Watering

[Michelle]

I see the P-print on Quotetracker. I also see one last Thursday that dropped to just above 112. Funny how that works.

[Al_Dente]

There was definitely two ways to look at the Market yesterday. That's always tough. Technical analysis in all forms can be indecisive.

With times like that I like to look at the leader, because I believe that's what the pros do (I'm definitely not a pro). From the recent low AAPL was in a nice uptrend channel. It broke out of that channel on Tuesday while the market only broke out of it's channel today. This is why I think keeping an eye on leaders can add to analysis even if you're just trading ETFs.

Thank you.

[Tabby]

Anyone have spy P-BAR at 119.71?

Not yet.

[agnosia]

shorted out of boredom. /es 1144.5, stop 1144.75

coffee break time.

[silkway]

I see the P-print on Quotetracker. I also see one last Thursday that dropped to just above 112. Funny how that works.

The P-bar prediction seems working in 5 days. Just guessing no evidence.

[RedCedar]

Anyone have spy P-BAR at 119.71?

I saw two, one is ~11:25 and another one is ~ 12:20. both are almost same size.
Same on IWM, but a bit earlier, 2 in same size.

[wxtrader001]

pennants? if retest the high 115.39,maybe it's not,and low will be in

[quientuves]

Newbie, here. Is this right? (with after)

[Tabby]

I see the P-print on Quotetracker. I also see one last Thursday that dropped to just above 112. Funny how that works.

The P-bar prediction seems working in 5 days. Just guessing no evidence.

I guess some people using it to see if they find out a bullish /bearish butterfly for that stock/efts. When Fas printed $8.72, it was a hint to print a bullish butterfly and go up to $15 from $12.XX.

[champix]

Don't know if it is a clue, but European Dax Future is breaking its channel on the upside

[Mr. BachNut]

Is it me or do the volumes seem a bit light for a crashy day?...

[silkway]

I see the P-print on Quotetracker. I also see one last Thursday that dropped to just above 112. Funny how that works.

The P-bar prediction seems working in 5 days. Just guessing no evidence.

I guess some people using it to see if they find out a bullish /bearish butterfly for that stock/efts. When Fas printed $8.72, it was a hint to print a bullish butterfly and go up to $15 from $12.XX.

Agree

[KENA]

Is it me or do the volumes seem a bit light for a crashy day?...

Yes I heard we have 5 Bil.so far today.Last time on dn move we had 10 Bil.

[champix]

Don't know if it is a clue, but European Dax Future is breaking its channel on the upside

As soon as I posted this one, Dax reintegrated its downside channel... what a clue !!

[ukarlewitz]

Cobra: VIX up 30% and its a major distribution day. Ugly close would be a decent probability long

[Tabby]

Is it me or do the volumes seem a bit light for a crashy day?...

Mr. BachNut,
What is max pain for tomorrow opex? I am not an option trader. Is it still 118-120? does it matter now?

[99er]

Bounce coming?
SPX http://99ercharts.blogspot.com/2011/08/spx_7662.html

[Tabby]

Look at SODA, down to 37 and now up to 39.XX in a red day like this.

[ddd]

Bear flag, but who else is thinking the second leg up?

[trader0303]

Bounce coming?
SPX http://99ercharts.blogspot.com/2011/08/spx_7662.html

According to your chart -- where are you looking for that to come?