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10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

Postby varaamo » Wed Oct 12, 2011 3:11 pm

Kena,

In what platform do you see this P BAR and in which timeframe?

Thanks,
varaamo

KENA wrote:Get ready BEARS..P BAR just now at 119.63
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Re: 10/12/2011 Intraday Watering

Postby wayne0708 » Wed Oct 12, 2011 3:13 pm

Cobra:
I'd be really mad if people are buying now lol :)
oh well look on positive side that could be double top if second try is declining in volume, right?
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Re: 10/12/2011 Intraday Watering

Postby alvian33 » Wed Oct 12, 2011 3:13 pm

there is no p-bar
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:13 pm

varaamo wrote:Cobra,

Do you have target for the pullback?

Thanks,
varaamo
Cobra wrote:
wayne0708 wrote:Cobra: is the top in (12220)?


too early to tell. but normally, no, because the push up we had was so strong, it's rare it's only 1 legged, so generally the very first pullback is buy.


Not yet. I need a pattern.

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Re: 10/12/2011 Intraday Watering

Postby ukarlewitz » Wed Oct 12, 2011 3:13 pm

PLUNGE wrote:I agree with others here who plan to or have shorted the Russell 2000. Developed my swing trading chart from 15 years trading for a living. It is an hourly chart of $RUT with 13/34 EMA cross overs for entering and trend line breaks for exits to maximize profits.


That's a 15' chart not 60'. Did you mean 15'?

Thanks,
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Re: 10/12/2011 Intraday Watering

Postby waverider » Wed Oct 12, 2011 3:14 pm

PLUNGE wrote:I agree with others here who plan to or have shorted the Russell 2000. Developed my swing trading chart from 15 years trading for a living. It is an hourly chart of $RUT with 13/34 EMA cross overs for entering and trend line breaks for exits to maximize profits.


Great chart Plunge, would you mind if I use it?
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Re: 10/12/2011 Intraday Watering

Postby KENA » Wed Oct 12, 2011 3:14 pm

varaamo wrote:Kena,

In what platform do you see this P BAR and in which timeframe?

Thanks,
varaamo

KENA wrote:Get ready BEARS..P BAR just now at 119.63


TD Ameritrade..Daily SPY 5 min
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:15 pm

not a good looking rebound so far, but let's be patient. bulls need pray here...
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Re: 10/12/2011 Intraday Watering

Postby CognitiveDissonance » Wed Oct 12, 2011 3:15 pm

3 more p bars going down to 119 on SPY. I got spooked by 5 of them before this rally up so I'm not sure what to think about them anymore.

As a bear, I am exhausted, but I'm just holding tvix. This is a bear market and this hopium bs can't go on forever, can it? :?


BTW, from the fed's minutes, it looks like QE3 is still on the table.
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Re: 10/12/2011 Intraday Watering

Postby SB73 » Wed Oct 12, 2011 3:17 pm

I promise I will read up on how to attach, but the wedge as seen on 60 min charts just broke down. Next support 1200ish
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Re: 10/12/2011 Intraday Watering

Postby varaamo » Wed Oct 12, 2011 3:17 pm

Thank you, KENA

KENA wrote:
varaamo wrote:Kena,

In what platform do you see this P BAR and in which timeframe?

Thanks,
varaamo

KENA wrote:Get ready BEARS..P BAR just now at 119.63


TD Ameritrade..Daily SPY 5 min
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:17 pm

as I said not good looking rebound, this really is bad. How come the market suddenly reverse hard, this is not a typical strong uptrend day should be. :o
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Re: 10/12/2011 Intraday Watering

Postby varaamo » Wed Oct 12, 2011 3:17 pm

Thank you Cobra

Cobra wrote:
varaamo wrote:Cobra,

Do you have target for the pullback?

Thanks,
varaamo
Cobra wrote:
wayne0708 wrote:Cobra: is the top in (12220)?


too early to tell. but normally, no, because the push up we had was so strong, it's rare it's only 1 legged, so generally the very first pullback is buy.


Not yet. I need a pattern.
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Re: 10/12/2011 Intraday Watering

Postby PLUNGE » Wed Oct 12, 2011 3:18 pm

ukarlewitz@yahoo.com wrote:
PLUNGE wrote:I agree with others here who plan to or have shorted the Russell 2000. Developed my swing trading chart from 15 years trading for a living. It is an hourly chart of $RUT with 13/34 EMA cross overs for entering and trend line breaks for exits to maximize profits.


That's a 15' chart not 60'. Did you mean 15'?

Thanks,



Sorry, it is 15'. Certainly OK for any who find it useful to copy and use it.
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Re: 10/12/2011 Intraday Watering

Postby wayne0708 » Wed Oct 12, 2011 3:19 pm

If it drops below 1195, I am going guess top is in.
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Re: 10/12/2011 Intraday Watering

Postby heavenskrow » Wed Oct 12, 2011 3:19 pm

To those bears that have been patient waiting for a sell signal,
High chance of short working once this channel breaks out
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:20 pm

a little positive divergence I see, hopefully could stop bleeding here. I have no idea, in wait and see mode.
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Re: 10/12/2011 Intraday Watering

Postby SteveB » Wed Oct 12, 2011 3:20 pm

waverider wrote:
PLUNGE wrote:I agree with others here who plan to or have shorted the Russell 2000. Developed my swing trading chart from 15 years trading for a living. It is an hourly chart of $RUT with 13/34 EMA cross overs for entering and trend line breaks for exits to maximize profits.


Great chart Plunge, would you mind if I use it?

Thanks for the chart; very easy to understand
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Re: 10/12/2011 Intraday Watering

Postby Unique » Wed Oct 12, 2011 3:20 pm

Cobra wrote:as I said not good looking rebound, this really is bad. How come the market suddenly reverse hard, this is not a typical strong uptrend day should be. :o


What you think SPX gonna break 1220 on first try? 9/16 double top for now..
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Re: 10/12/2011 Intraday Watering

Postby BullBear52x » Wed Oct 12, 2011 3:21 pm

wayne0708 wrote:If it drops below 1195, I am going guess top is in.

118
My comments are for entertainment/educational purpose only. NOT a trade advice.
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