10/10/2011 Intraday Watering

[Al_Dente]

Bberg anchor explaining how short sale works…. These shorts so scared they buying back 2 cover like crazy here etc………..oy, that usually trumps all as contrary indicator

[EvilTrader]

P-bars start playing out.

[ActiveTrader]

The attachment spxcycle.png is no longer available

I expect it to occur, and I expect a higher low to be established somewhere near 1130 (over the next week), and thus an inverse H&S shoulders pattern that'll eventually carry the market back above 1200 (over the next month). if we break above 1200 here it would be unusually bullish and would make me think that the 200 day MA would definitely come into play over the next month.

[Cobra]

tinted area is the bearish 1-2-3 text book target. I see volume surge here so let's see the next bar. the 1-2-3 formation failure rates are very high.

[Al_Dente]

I am smiling again this hour, may crying in few hours

BEARS TURN... let's see what they got

[bullbear52]

Second P Bar at about 115.63 today..I had one earlier this morn.Lets see.

To BB52x..Why did you have to re-regisrer.What happend.?????

I lost my password, my main computer crashed ( my own fault) unsuccessful to log back in Gmail. so I have to created new gmail account. I don't know, can Master Cobra put the "x" on my name here? and delete the old one. not that impt you everyone know my avatar.

[heavenskrow]

faz completed an inverse head and shoulders near very important support

[soku]

guess this is called jet lag. black label cannot help too much.
this is a possible 3 push pattern forming. i see the 2nd push at 1178-1179 and the 3rd one at 1172-1170.

[Cobra]

phantom bar target reached. interesting.

[spuderik]

spxcycle.png

I expect it to occur, and I expect a higher low to be established somewhere near 1130 (over the next week), and thus an inverse H&S shoulders pattern that'll eventually carry the market back above 1200 (over the next month). if we break above 1200 here it would be unusually bullish and would make me think that the 200 day MA would definitely come into play over the next month.

spxcycle1.png

Maybe, or maybe just one right shoulder instead of the two in your chart. Either way, if the market drops in the coming days but finds buyers at 1130, I will be going long for a play back to 1200+

My idea was left shoulder on 09/22, head on 10/4, and right shoulder coming soon. In that scenario we are creating the other side of the neckline today.

[alvian33]

amazing the price stopped exactly at the p-bar

[bullbear52]

Last post,I am bear and unhedge today weow...gutsy me.

[rola]

In 2008 on Columbus day stock went up 11%, we all know what happened later...http://www.zerohedge.com/news/so-you-th ... queeze-bad

[zebra]

http://www.zerohedge.com/news/so-you-th ... nt-1758601
seasonality for Columbus Day??

[soku]

tinted area is the bearish 1-2-3 text book target. I see volume surge here so let's see the next bar. the 1-2-3 formation failure rates are very high.

now i know, it is not jet lag. it is the 123 pattern giving me a morning call. cobra is saying bad words about 123 during my absence.
best case scenario, es to be rejected at 1182 then heading toward 1170. then overnight clear 1160 area for tomorrow.

[Mr. BachNut]

I am getting an overbought McClellan Oscillator reading intraday.

[ActiveTrader]

spxcycle.png

I expect it to occur, and I expect a higher low to be established somewhere near 1130 (over the next week), and thus an inverse H&S shoulders pattern that'll eventually carry the market back above 1200 (over the next month). if we break above 1200 here it would be unusually bullish and would make me think that the 200 day MA would definitely come into play over the next month.

spxcycle1.png

Maybe, or maybe just one right shoulder instead of the two in your chart. Either way, if the market drops in the coming days but finds buyers at 1130, I will be going long for a play back to 1200+

My idea was left shoulder on 09/22, head on 10/4, and right shoulder coming soon. In that scenario we are creating the other side of the neckline today.

I like your one right should idea better. I guess I got carried away drawing lines.

[Cobra]

2 bar reversal, no good, let's see if any follow through this bar.

[tapesense]

ES 1168 points to 50s, otherwise it's the 1200 game..

[Mr. BachNut]

faz completed an inverse head and shoulders near very important support

I put a little (very little) on earlier today for fun. Risky.