Re: 09/08/2011 Intraday Watering
Posted: 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.
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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.uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
Does look like a strong close breaking out the downward trendline.Cobra wrote:strong close 3 days in a row? Or the 3rd time is different?
Instead of the 3 and 10, what averages do you use?MajorEasy wrote:thanks to Cobra,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
Chaikin Osc has become my fav indicator
(i use slightly faster settings with a trigger line)
http://stockcharts.com/school/doku.php? ... oscillator
I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different.Al_Dente wrote:Paging Champix:
Would you post your CL chart again, sil vous plait.
Thanks in advance.
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, rightBullBear52x wrote: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.uempel wrote:Doesn't look that bearish and at the mom I'm still comfortable with my longs...
Merci beaucoup. Was looking for higher high, but no.champix wrote:I am at home right now (it's 9:50 pm here), using another config so chart is a little bit different.Al_Dente wrote:Paging Champix:
Would you post your CL chart again, sil vous plait.
Thanks in advance.
big support @ 88,65 and first target still 90,48. I am in a wait and see mode