10/12/2011 Intraday Watering

[varaamo]

Kena,

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

Thanks,
varaamo

Get ready BEARS..P BAR just now at 119.63

[wayne0708]

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?

[alvian33]

there is no p-bar

[Cobra]

Cobra,

Do you have target for the pullback?

Thanks,
varaamo

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.

[ukarlewitz]

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,

[waverider]

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?

[KENA]

Kena,

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

Thanks,
varaamo

Get ready BEARS..P BAR just now at 119.63

TD Ameritrade..Daily SPY 5 min

[Cobra]

not a good looking rebound so far, but let's be patient. bulls need pray here...

[CognitiveDissonance]

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.

[SB73]

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

[varaamo]

Thank you, KENA

Kena,

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

Thanks,
varaamo

Get ready BEARS..P BAR just now at 119.63

TD Ameritrade..Daily SPY 5 min

[Cobra]

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.

[varaamo]

Thank you Cobra

Cobra,

Do you have target for the pullback?

Thanks,
varaamo

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.

[PLUNGE]

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.

[wayne0708]

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

[heavenskrow]

To those bears that have been patient waiting for a sell signal,
High chance of short working once this channel breaks out

[Cobra]

a little positive divergence I see, hopefully could stop bleeding here. I have no idea, in wait and see mode.

[SteveB]

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

[Unique]

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.

What you think SPX gonna break 1220 on first try? 9/16 double top for now..

[BullBear52x]

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

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