10/17/2011 Intraday Watering

[jarbo456]

larger view of what i'm looking at. but don't think this market needs much to start buying again so am wary about waiting too long to take my profits...although i'd love see it make the second larger fan level around 118.30...also corresponds with the 200MA.

[Cobra]

the 1st sign of weakness is to drop more than the last time (red cycles), before that I'm not worried.

[Dow Trader]

Covered, it is the signal target

you mentioned this weekend that you thought 25 points was the min target, 50 points the average in a bull market, and something closer to 100 (or rather 1000 dow points) in a bear market.

are you still working on those targets?

i'm still short, and think we could see something around 118.67/118.25.

yes still working, this is why I kept the 25% for long term just in case the bear scenario win and for the weekly chart , and here is why 1224.75 killed this today's early rally in futures ( ES daily chart )
I don't know if you fammiliar with this strategy but I show it just in case

[MrMiyagi]

Well that was a failed TNA experiment... bit of a loss.

[jarbo456]

sorry, posted an out of date chart. here is a slightly cleaner, more up to date (includes fans and fibs to the recent high we had on friday)...

again, target is the first larger fan level of 118.30'ish.

[tdo722]

Well that was a failed TNA experiment... bit of a loss.

Oh wow, u are insane to try to go against the downtrend.

now u learn.

[Unique]

I keep getting 122.5 pbar, but after refresh its gone. Annoying.. POS

Anything is possible in this market nowadays.

[MrMiyagi]

Well that was a failed TNA experiment... bit of a loss.

Oh wow, u are insane to try to go against the downtrend.

now u learn.

Nope, there's your bounce.

[CognitiveDissonance]

I keep getting 122.5 pbar, but after refresh its gone. Annoying.. POS

Anything is possible in this market nowadays.

Got 5 parallel p bars going to 115 a week ago, still hasn't shown up.

[Al_Dente]

all dow stocks tryin to turn here.... will they try hard enuf?

[simpletrader]

Well that was a failed TNA experiment... bit of a loss.

Oh wow, u are insane to try to go against the downtrend.

now u learn.

Nope, there's your bounce.

6th touch 20ema 5min line today and first time break it.

[heavenskrow]

Again the only chart that gives clean valid signals

[newbie_77]

wow that's a lot of green bar on SPY on 1m and 3m ..

[Dow Trader]

Now the bears waiting above the rock in the middle of the river waiting for the fish flow to come to them because the first strong bounce will fail and they know it

[BullBear52x]

Thanks Cobra, have a great day.

Thanks everyone here for making this board a lively as it is. GLTA.

[Cobra]

channel.

[Dow Trader]

So far, the biggest bounce was around 6 points ES from the any LOD, lets wait and see

[Al_Dente]

dow stocks now show that red bar…. cept maybe IBM…. etc
still….. be on lookout for wussie bears walking or running for cover here…. it is 3:12 ET

[tdo722]

This bounce has short potential, aka wave 4 on 15mins and 5mins.

[AK84]

Cobra
You think more down ahead ? Im seeing SPX and INDU touching 20dma Weekly and thats why the sell off imo. First touch of Weekly 20MA is sell right ? So more down ahead then but eventually a buy ? Im a bit confused sorry .