08/23/2011 Intraday Watering

[99er]

Hey Ben...
30-Year http://99ercharts.blogspot.com/2011/08/30y.html

Bats keeping you up at night?

[jarbo456]

Hey Ben...
30-Year http://99ercharts.blogspot.com/2011/08/30y.html

Bats keeping you up at night?

was that a bearish butterfly you showed earlier 99er?

[99er]

SPX
http://99ercharts.blogspot.com/2011/08/spx_4460.html

Bearish Butterfly extended to widen the down channel Note how the lower channel line now fits better with prices at the top.

[Cobra]

ok, clearly this is a measured move. the next resistance is yesterday's high (red line above).

[KENA]

Well I must say the Bulls are making a good showing but something tells me not to beleave it.If it is short covering this will not last.Wait and see.

[rola]

Coba is your impulse system now in buy mode, since we made a higer high from yesterday?
thanks

[Cobra]

volume surge and the biggest bar, so bulls could take a breath here. after that should be more on the upside.

[99er]

We're going down.

[biotrader]

Looks like a pretty decisive breakout of the triangle. Target the recent highs.

[q2model]

volume surge and the biggest bar, so bulls could take a breath here. after that should be more on the upside.

Why more upside? Momentum too strong?

[Me XMan]

TO DA MOON WITH BENNY QE3-4-5-!

volume surge and the biggest bar, so bulls could take a breath here. after that should be more on the upside.

Why more upside? Momentum too strong?

[Cobra]

taking a breath like I said. let's wait to see how it takes. normally, should be more on the upside.

[Cobra]

volume surge and the biggest bar, so bulls could take a breath here. after that should be more on the upside.

Why more upside? Momentum too strong?

yes.

[davros]

I'd be very careful here going long, does not look good

[99er]

SPX
Update.
http://99ercharts.blogspot.com/2011/08/spx_7339.html

Looks like down to me.

[Cobra]

next resistance, multiple fib confluences area. overall, it's just a rebound.

[cjb98]

volume surge and the biggest bar, so bulls could take a breath here. after that should be more on the upside.

Why more upside? Momentum too strong?

yes.

Any easy way(s) to measure momentum or if it's waning?

[Cobra]

volume surge and the biggest bar, so bulls could take a breath here. after that should be more on the upside.

Why more upside? Momentum too strong?

yes.

Any easy way(s) to measure momentum or if it's waning?

you have to have some experiences.

[AK84]

Cobra

Do you expefct the rebound to last at least a few days or is this just a one day thing ? CI is now in buy mode so with the 80% success rate should be at least a few more days on the upside correct?


Just wondering as I went long today on a lot of single stocks with trendline breaks on hourly and would like to know if I need to tighten stop loss in case this is a one day thing and tom we are down huge....that would suckkkkk

Thank U !!

[BullBear52x]

Sell sell sell.