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Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:41 pm
by uempel
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

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:41 pm
by BullBear52x
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.

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:43 pm
by shumushu
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.

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:46 pm
by BullBear52x
Check out RSI <50 not bullish

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:50 pm
by cjb98
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?

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:52 pm
by BullBear52x
Intraday min. bear target per chart pattern.

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:53 pm
by champix
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

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:57 pm
by uempel
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

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 3:58 pm
by Cobra
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.

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 4:02 pm
by uempel
Now that was a lousy close, SPX fell out of ellipses, and channels...

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 4:04 pm
by Al_Dente
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

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 4:11 pm
by StrikePrice
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.

Re: 09/08/2011 Intraday Watering

Posted: Thu Sep 08, 2011 5:29 pm
by HappyFriday
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