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08/29/2011 Intraday Watering

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ddd
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Re: 08/29/2011 Intraday Watering

Post by ddd »

2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

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Cobra
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Re: 08/29/2011 Intraday Watering

Post by Cobra »

ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.
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little piggy
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Joined: Thu Aug 25, 2011 3:52 pm

Re: 08/29/2011 Intraday Watering

Post by little piggy »

Hi, Cobra, I am a new bee here, and first post in the board. Wanted to thank you for this excellent board.

Currently out of long position this morning, and got a little bit short here as my goal was reached and didn't see the stock moving for a while. :shock: Watch closely.
MajorEasy
Posts: 223
Joined: Wed Feb 16, 2011 9:53 pm

Re: 08/29/2011 Intraday Watering

Post by MajorEasy »

uempel wrote:Went short now :o (don't copy, this is high risk!)
SPX7.png
good call!!!!
Thx for sharing
the market's goal is to distribute the wealth of many to as few hands as possible
little piggy
Posts: 32
Joined: Thu Aug 25, 2011 3:52 pm

Re: 08/29/2011 Intraday Watering

Post by little piggy »

Cobra wrote:ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.
Great, got the message... Thanks.
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Cobra
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Re: 08/29/2011 Intraday Watering

Post by Cobra »

little piggy wrote:
Cobra wrote:ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.
Great, got the message... Thanks.
Thanks and welcome aboard.

It's been 2 years when in most times nothing matters, the market simply up and up and up, so I just said normally, should be a pause around here but no guarantee and that's why I never front run the market.

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rocstocktrader
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Joined: Fri Aug 26, 2011 3:36 pm

Re: 08/29/2011 Intraday Watering

Post by rocstocktrader »

S&P 500 trying to get over 1,204 resistance level. If it does the move should be taken with a grain of salt because volume is very thin. rocstocktrader.webs.com
cougar
Posts: 1914
Joined: Fri May 20, 2011 9:25 am

Re: 08/29/2011 Intraday Watering

Post by cougar »

KENA wrote:
KENA wrote:IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.
PS..Forgot GMCR also.
Talking of stocks: how about LGND, PPO & AGN?
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Al_Dente
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Re: 08/29/2011 Intraday Watering

Post by Al_Dente »

Unless we start seeing some downticks (NYSE TICK), or some selling volume, have to go with a pullback in a Bull Trend Day, until a reversal is confirmed.

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =242657854
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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KENA
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Re: 08/29/2011 Intraday Watering

Post by KENA »

Yes those are good also.I just don't have them on my radar. I used to watch LGND but not PPO&AGN.
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silicon_beaver
Posts: 524
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Location: Beaverton OR

Re: 08/29/2011 Intraday Watering

Post by silicon_beaver »

When it pulls back?
SPX big divergence
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cougar
Posts: 1914
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Re: 08/29/2011 Intraday Watering

Post by cougar »

KENA: They are less obvious and therfore less manipulated and crowded...
cougar
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Re: 08/29/2011 Intraday Watering

Post by cougar »

ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

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Good job, "ddd"!
Mongoose
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Re: 08/29/2011 Intraday Watering

Post by Mongoose »

Cobra - any indicators suggesting short covering?
doom
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Re: 08/29/2011 Intraday Watering

Post by doom »

light volume today.
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Cobra
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Re: 08/29/2011 Intraday Watering

Post by Cobra »

Mongoose wrote:Cobra - any indicators suggesting short covering?
up huge on tiny volume, most likely it's short covering. other than that I don't know.

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BullBear52x
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Re: 08/29/2011 Intraday Watering

Post by BullBear52x »

Gold down stock up, deflation or inflation?
My comments are for entertainment/educational purpose only. NOT a trade advice.
varaamo
Posts: 41
Joined: Tue Aug 02, 2011 2:04 pm

Re: 08/29/2011 Intraday Watering

Post by varaamo »

ddd,

just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average?

Thanks
ddd wrote:2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

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nasa1100
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Re: 08/29/2011 Intraday Watering

Post by nasa1100 »

Having a MAD again...
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Cobra
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Re: 08/29/2011 Intraday Watering

Post by Cobra »

I'll consider the target has been reached.
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