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08/29/2011 Intraday Watering

Re: 08/29/2011 Intraday Watering

Postby ddd » Mon Aug 29, 2011 1:42 pm

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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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 1:47 pm

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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Re: 08/29/2011 Intraday Watering

Postby little piggy » Mon Aug 29, 2011 1:48 pm

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.
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Re: 08/29/2011 Intraday Watering

Postby MajorEasy » Mon Aug 29, 2011 1:48 pm

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
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Re: 08/29/2011 Intraday Watering

Postby little piggy » Mon Aug 29, 2011 1:50 pm

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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Re: 08/29/2011 Intraday Watering

Postby Cobra » Mon Aug 29, 2011 1:57 pm

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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Re: 08/29/2011 Intraday Watering

Postby rocstocktrader » Mon Aug 29, 2011 2:00 pm

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
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Re: 08/29/2011 Intraday Watering

Postby cougar » Mon Aug 29, 2011 2:02 pm

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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Re: 08/29/2011 Intraday Watering

Postby Al_Dente » Mon Aug 29, 2011 2:03 pm

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
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Re: 08/29/2011 Intraday Watering

Postby KENA » Mon Aug 29, 2011 2:07 pm

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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Re: 08/29/2011 Intraday Watering

Postby silicon_beaver » Mon Aug 29, 2011 2:10 pm

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

Postby cougar » Mon Aug 29, 2011 2:10 pm

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

Postby cougar » Mon Aug 29, 2011 2:13 pm

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.

Image

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

Postby Mongoose » Mon Aug 29, 2011 2:20 pm

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

Postby doom » Mon Aug 29, 2011 2:22 pm

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

Postby Cobra » Mon Aug 29, 2011 2:24 pm

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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Re: 08/29/2011 Intraday Watering

Postby BullBear52x » Mon Aug 29, 2011 2:27 pm

Gold down stock up, deflation or inflation?
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 08/29/2011 Intraday Watering

Postby varaamo » Mon Aug 29, 2011 2:28 pm

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.

Image
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Re: 08/29/2011 Intraday Watering

Postby nasa1100 » Mon Aug 29, 2011 2:31 pm

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

Postby Cobra » Mon Aug 29, 2011 2:31 pm

I'll consider the target has been reached.
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