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08/25/2011 Intraday Watering

Re: 08/25/2011 Intraday Watering

Postby uempel » Thu Aug 25, 2011 3:32 pm

Update:
SPX134.png
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Re: 08/25/2011 Intraday Watering

Postby jaaawf » Thu Aug 25, 2011 3:33 pm

StrikePrice wrote:
jaaawf wrote:Bulls seem to be playing inverted H&S on the 5mins...a bit late to work for today but pretty classic set up


Sure, but maybe Bears. Maybe a lot of short covering for those who have been shorting the rips all week long. I don't imagine any trader wants to be too much to one side ahead of tomorrow.



Just the big boys who already know what will be said and will drive the reaction right?
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Re: 08/25/2011 Intraday Watering

Postby BullBear52x » Thu Aug 25, 2011 3:34 pm

5 min. channeling
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Re: 08/25/2011 Intraday Watering

Postby seeyou » Thu Aug 25, 2011 3:34 pm

When was the last time you saw both SPY Calls and Puts up with the market down 139 ??
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Re: 08/25/2011 Intraday Watering

Postby cougar » Thu Aug 25, 2011 3:35 pm

Bamby & Co. pushed in a big time BUY algo. 20 min algo.- a brilliant idea which does not work very well!
LOL!
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Re: 08/25/2011 Intraday Watering

Postby Cobra » Thu Aug 25, 2011 3:35 pm

ha, no breakout, now it becomes a Triangle. I'm clueless about the market now. Watching... :shock: :shock: :roll: :roll:
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Re: 08/25/2011 Intraday Watering

Postby bsw » Thu Aug 25, 2011 3:38 pm

Cobra wrote:ha, no breakout, now it becomes a Triangle. I'm clueless about the market now. Watching... :shock: :shock: :roll: :roll:


Haha, when everybody even me saw it, it likely won't happen.

Now, Cobra, any chance we close LOD?
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Re: 08/25/2011 Intraday Watering

Postby uempel » Thu Aug 25, 2011 3:39 pm

Update:
SPX135.png
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Re: 08/25/2011 Intraday Watering

Postby Cobra » Thu Aug 25, 2011 3:42 pm

bsw wrote:
Cobra wrote:ha, no breakout, now it becomes a Triangle. I'm clueless about the market now. Watching... :shock: :shock: :roll: :roll:


Haha, when everybody even me saw it, it likely won't happen.

Now, Cobra, any chance we close LOD?


chances are high, my guess is right.
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Re: 08/25/2011 Intraday Watering

Postby seekingknowledge » Thu Aug 25, 2011 3:45 pm

uempel wrote:Update:
SPX135.png


Great chart! Do you draw the lines yourself or do you have a tool that does this for you? If you have a tool, what is it, please? Thanks!
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Re: 08/25/2011 Intraday Watering

Postby KENA » Thu Aug 25, 2011 3:45 pm

The mkt on Fri may be bouncing up and dn in a range.My reason is you can bet the mkt will be strattled on both sides. Hopefully this will not last more then 2-3hours,then a direction will be set. Wait and see.
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Re: 08/25/2011 Intraday Watering

Postby Cobra » Thu Aug 25, 2011 3:45 pm

well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.
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Re: 08/25/2011 Intraday Watering

Postby KENA » Thu Aug 25, 2011 3:47 pm

Nice bounce dn, now lets break 1152 the 200wma.
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Re: 08/25/2011 Intraday Watering

Postby jarbo456 » Thu Aug 25, 2011 3:47 pm

Cobra wrote:well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.


what is the lookout for tomorrow's open if we close today at the LOD cobra? any ideas?
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Re: 08/25/2011 Intraday Watering

Postby shumushu » Thu Aug 25, 2011 3:48 pm

Wow massive fakeout the entire day.
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Re: 08/25/2011 Intraday Watering

Postby uempel » Thu Aug 25, 2011 3:49 pm

Looks like SPX 1155/green Andrews Fork holds...
SPX136.png
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Re: 08/25/2011 Intraday Watering

Postby Cobra » Thu Aug 25, 2011 3:50 pm

jarbo456 wrote:
Cobra wrote:well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.


what is the lookout for tomorrow's open if we close today at the LOD cobra? any ideas?


LOD close, tomorrow most likely will be green.

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Re: 08/25/2011 Intraday Watering

Postby BullBear52x » Thu Aug 25, 2011 3:52 pm

Another chart I am buying
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Re: 08/25/2011 Intraday Watering

Postby KENA » Thu Aug 25, 2011 3:53 pm

GMCR is doing great.Made 2 + already.Keep moving.
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Re: 08/25/2011 Intraday Watering

Postby soku » Thu Aug 25, 2011 3:56 pm

interesting. es down then quickly pull back to 1156 where is my measured support area. not sure what will happen. this market is not suitable for me.
i did spend time reading lien's website and other things on QE3. i think the market priced in some qe3 (or in liue). my guess is around 500m -1 trillion, leveraged. (my number is lower than GS estimates.) if end up none, as cobra's guess, we will see huge drop.
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