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09/08/2011 Intraday Watering

Re: 09/08/2011 Intraday Watering

Postby uempel » Thu Sep 08, 2011 3:41 pm

Close-up of the chart I posted 20 min ago, shows how SPX is trying to get back into the orange channel. Crucial that it climbs back, 88/89 is the border.
SPX21.png
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Re: 09/08/2011 Intraday Watering

Postby BullBear52x » Thu Sep 08, 2011 3:41 pm

uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
SPX20.png

this is a gap down set up, this is not a normal dip. I would wait for Bull flag break out to be safe just my 2c.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 09/08/2011 Intraday Watering

Postby shumushu » Thu Sep 08, 2011 3:43 pm

Cobra wrote:strong close 3 days in a row? Or the 3rd time is different?


Does look like a strong close breaking out the downward trendline.
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Re: 09/08/2011 Intraday Watering

Postby BullBear52x » Thu Sep 08, 2011 3:46 pm

Check out RSI <50 not bullish
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Re: 09/08/2011 Intraday Watering

Postby cjb98 » Thu Sep 08, 2011 3:50 pm

MajorEasy wrote:
Al_Dente wrote:Dear Cobra:
You called it yesterday. Whenever you say Chi Oscillator is too high on 60min, I wake up.
You da man.... again


thanks to Cobra,
Chaikin Osc has become my fav indicator
(i use slightly faster settings with a trigger line)
http://stockcharts.com/school/doku.php? ... oscillator


Instead of the 3 and 10, what averages do you use?
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Re: 09/08/2011 Intraday Watering

Postby BullBear52x » Thu Sep 08, 2011 3:52 pm

Intraday min. bear target per chart pattern.
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Re: 09/08/2011 Intraday Watering

Postby champix » Thu Sep 08, 2011 3:53 pm

Al_Dente wrote:Paging Champix:

Would you post your CL chart again, sil vous plait.
Thanks in advance.


I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different.
big support @ 88,65 and first target still 90,48. I am in a wait and see mode
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Re: 09/08/2011 Intraday Watering

Postby uempel » Thu Sep 08, 2011 3:57 pm

BullBear52x wrote:
uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
The attachment SPX20.png is no longer available

this is a gap down set up, this is not a normal dip. I would wait for Bull flag break out to be safe just my 2c.


Of course it's not safe. It might be safe above 1193 when SPX is back above the ellipse. Going long here is just a 50/50 bet. What I'm playing: expectations for President's speech are zero, and if he delivers more than zero the market is up. Mere speculation, but this is all about specualtion, right :D
SPX22.png
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Re: 09/08/2011 Intraday Watering

Postby Cobra » Thu Sep 08, 2011 3:58 pm

hmm, my TA world makes a little bit sense again, the 3rd time is different. :mrgreen: even just a little though. I'm not bearish yet on a little bit bigger picture, perhaps what OB said tonight would change my mind, but for now, I have no evidences yet. Thank you guys, I'll see you tomorrow.
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Re: 09/08/2011 Intraday Watering

Postby uempel » Thu Sep 08, 2011 4:02 pm

Now that was a lousy close, SPX fell out of ellipses, and channels...
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Re: 09/08/2011 Intraday Watering

Postby Al_Dente » Thu Sep 08, 2011 4:04 pm

champix wrote:
Al_Dente wrote:Paging Champix:

Would you post your CL chart again, sil vous plait.
Thanks in advance.


I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different.
big support @ 88,65 and first target still 90,48. I am in a wait and see mode


Merci beaucoup. Was looking for higher high, but no. :x
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Re: 09/08/2011 Intraday Watering

Postby StrikePrice » Thu Sep 08, 2011 4:11 pm

I think a gap down would be bought. Bulls want to test 1208. They're not going to end buying at today's 1204. Profit selling to buy into the next push is all I'm thinking right now.
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Re: 09/08/2011 Intraday Watering

Postby HappyFriday » Thu Sep 08, 2011 5:29 pm

WOW ! 400 Billions to create jobs !
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