08/23/2011 Intraday Watering

[cougar]

SPY 60 min.
Worth considering today: a line in the sand at 114.65

[Petsamo]

Anyone see the Fed's Mfg.Data this morn. I can't find it.Must have missed it.Thanks

Bookmark this. The Richmond Fed gave bad numbers; prior = -1; actual = -10

[newbie_77]

SPY 60 min.
Worth considering today: a line in the sand at 114.65

hello cougar,
what is the meaning of line in the sand? is that a battleground

[KENA]

Anyone see the Fed's Mfg.Data this morn. I can't find it.Must have missed it.Thanks

Bookmark this. The Richmond Fed gave bad numbers; prior = -1; actual = -10

Thanks.Thats a big error.

[Cobra]

still fighting descending triangle resistance line.

[cougar]

SPY 60 min.
Worth considering today: a line in the sand at 114.65

hello cougar,
what is the meaning of line in the sand? is that a battleground

Good question! I use this term to define a "pivot of opportunity". Therefore, it can be used for a limited period of time, while the rules of the game stay active.

[Cobra]

descending triangle resistance line.

Cobra,
Yesterday I mentioned SPX looks slightly different. I already see breakout, backtest, and go on SPX. What do you think?
Thanks.

yes, a little different, but doesn't make huge differences.

[99er]

European Counterparty Risk: Seven Charts

http://www.zerohedge.com/news/7-charts- ... party-risk

[Cobra]

multiple support here, the direction is still not clear, let's wait.

[jarbo456]

it's weak, but looks like a head and shoulders on SPY 5 minute.

[KENA]

Looks like the short covering ralley is over..Will today be a fake out ralley.Looks like it.Wait and see.

[jarbo456]

bulls really want to eek out every bip on this. sheesh.

[Cobra]

bulls not bad, let's see if they can breakout the red line above.

[ksd9358]

Is it still a rebound if it breaks up the down trendline on the 15min chart?

[Cobra]

Is it still a rebound if it breaks up the down trendline on the 15min chart?

yes, breakout trend line is just to form a Rectangle, a bigger range.

[mac769]

Yes, the butterfly will fold its wings in a short time...

[Cobra]

very good, now let's see if this is a 3 push up. Personally I think even this is the 3 push up, the very first pullback would still fail as dashed arrow illustrated.

[Cobra]

if this is measured move instead of a 3 push up, then tinted area is the text book target. bulls must show strength here to make it a measured move instead of merely 3 push up. let's see.

[99er]

Updates

Copper http://99ercharts.blogspot.com/2011/08/copper.html
Crude http://99ercharts.blogspot.com/2011/08/crude.html

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/08/gold.html
Silver http://99ercharts.blogspot.com/2011/08/silver.html