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10/12/2011 Intraday Watering

Re: 10/12/2011 Intraday Watering

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

i covered all my shorts at 1206.5 ... good enough for me today. we should find support now at the 10ema on the 60min chart at 1205. thanks all for charts/commentary today.
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Re: 10/12/2011 Intraday Watering

Postby KENA » Wed Oct 12, 2011 3:22 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


Thats OK..Be happy for the bleeding bears.
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Re: 10/12/2011 Intraday Watering

Postby cache » Wed Oct 12, 2011 3:23 pm

BullBear---I just can't make myself sell till I see how today plays out. Positive volume has just backed off, we'll dip. I want to see how far.
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Re: 10/12/2011 Intraday Watering

Postby BullTart » Wed Oct 12, 2011 3:24 pm

Added more TVIX here.
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Re: 10/12/2011 Intraday Watering

Postby BullBear52x » Wed Oct 12, 2011 3:25 pm

let see if the bulls can reverse trend this time.
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:25 pm

a little big picture, again, it's rare what we had for the past 7 days was just one leg up, it takes a few reversal of reversal of reversal to be actually topped. So, generally, I really mean generally (as nothing guaranteed in the stock market), the very first pullback is buy.
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Re: 10/12/2011 Intraday Watering

Postby BullBear52x » Wed Oct 12, 2011 3:26 pm

cache wrote:BullBear---I just can't make myself sell till I see how today plays out. Positive volume has just backed off, we'll dip. I want to see how far.

with the run this strong, bears need to take note that's for sure.
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Re: 10/12/2011 Intraday Watering

Postby KENA » Wed Oct 12, 2011 3:27 pm

This P Bar at 119.63 may not be filled today but tomorrow.If it does go dn we will close in the red
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Re: 10/12/2011 Intraday Watering

Postby Petsamo » Wed Oct 12, 2011 3:27 pm

SPY & IWM are in an ascending wedge. I'll guess we won't bust out today. I'm hoping for a bust down before the close.

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Re: 10/12/2011 Intraday Watering

Postby Al_Dente » Wed Oct 12, 2011 3:28 pm

note top dow gainers all day were (and still are) DIS BAC JPM
all also happen 2 be on our list of top dow sqz candidates
are they giving up the ghost here???

“We are not retreating - we are advancing in another Direction." [General Douglas MacArthur]
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Re: 10/12/2011 Intraday Watering

Postby BullBear52x » Wed Oct 12, 2011 3:30 pm

fibo 50%, you got to like it, death on again so far.
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Re: 10/12/2011 Intraday Watering

Postby Cobra » Wed Oct 12, 2011 3:31 pm

good, that PD did pay off. but normally, this is a 2 legged pullback, so the rebound shall fail eventually. the time is running out for bears though, 30 min to go.
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Re: 10/12/2011 Intraday Watering

Postby SigmaEcho » Wed Oct 12, 2011 3:32 pm

market is broken by hft :twisted:
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Re: 10/12/2011 Intraday Watering

Postby CognitiveDissonance » Wed Oct 12, 2011 3:32 pm

KENA wrote:This P Bar at 119.63 may not be filled today but tomorrow.If it does go dn we will close in the red



We had 3 p bars going down to 115 on monday and then the rally, I do wonder how statistically significant p bars really are.
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Re: 10/12/2011 Intraday Watering

Postby alvian33 » Wed Oct 12, 2011 3:35 pm

again, i see no p-bar
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Re: 10/12/2011 Intraday Watering

Postby CognitiveDissonance » Wed Oct 12, 2011 3:36 pm

alvian33 wrote:again, i see no p-bar



Got nosebleed , to exhausted to post. They disappear once you change time frames.
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Re: 10/12/2011 Intraday Watering

Postby 99er » Wed Oct 12, 2011 3:36 pm

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Re: 10/12/2011 Intraday Watering

Postby KENA » Wed Oct 12, 2011 3:36 pm

CognitiveDissonance wrote:
KENA wrote:This P Bar at 119.63 may not be filled today but tomorrow.If it does go dn we will close in the red



We had 3 p bars going down to 115 on monday and then the rally, I do wonder how statistically significant p bars really are.


I did not put to much faith in them.I have been watching them now for sometime and they seem to pan out more then not.
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Re: 10/12/2011 Intraday Watering

Postby Jennyahwu » Wed Oct 12, 2011 3:37 pm

Cobra wrote:good, that PD did pay off. but normally, this is a 2 legged pullback, so the rebound shall fail eventually. the time is running out for bears though, 30 min to go.

so you said 2 leg pullback. rebounce shall fail .so it is for bear to show the muscle? thanks
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Re: 10/12/2011 Intraday Watering

Postby waverider » Wed Oct 12, 2011 3:40 pm

PLUNGE wrote:
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.


Thanks, why do you use nasdaq u/d volume instead of nyse u/d volume?
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