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08/25/2011 Intraday Watering

uempel
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Re: 08/25/2011 Intraday Watering

Post by uempel »

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

Post by jaaawf »

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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BullBear52x
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Re: 08/25/2011 Intraday Watering

Post by BullBear52x »

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

Post by seeyou »

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

Post by cougar »

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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Cobra
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Re: 08/25/2011 Intraday Watering

Post by Cobra »

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

Post by bsw »

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?
uempel
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Re: 08/25/2011 Intraday Watering

Post by uempel »

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

Post by Cobra »

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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seekingknowledge
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Re: 08/25/2011 Intraday Watering

Post by seekingknowledge »

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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KENA
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Re: 08/25/2011 Intraday Watering

Post by KENA »

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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Cobra
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Re: 08/25/2011 Intraday Watering

Post by Cobra »

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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KENA
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Re: 08/25/2011 Intraday Watering

Post by KENA »

Nice bounce dn, now lets break 1152 the 200wma.
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jarbo456
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Re: 08/25/2011 Intraday Watering

Post by jarbo456 »

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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shumushu
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Re: 08/25/2011 Intraday Watering

Post by shumushu »

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

Post by uempel »

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

Post by Cobra »

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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BullBear52x
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Re: 08/25/2011 Intraday Watering

Post by BullBear52x »

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

Post by KENA »

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

Post by soku »

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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