10/28/2011 Intraday Watering

[Cobra]

still in triangle. but generally a consolidation is good for bulls after a huge up day.

Bull sees consolidation, bear sees doji reversal. I like the higher high is in the cards, but hopefully not until after a greater retrace perhaps your measured down move earlier.

that's already invalid.

[pady]

usually triangle means continuation, so if you see it as continue down from yesterday's high, maybe you're right.

my concern is the triangle is too large for a little pullback from yesterday's high, so I don't know if it means continue lower.

This a-b done till now and 'c' to come might be just A of a bigger down wave. We could trade sideways to slightly up again Monday for a slow B.

[lqiantobe]

Corba~ can you please give some comments on AMZN?

[knock]

Something's up...EURO diving...

more...

[xfradnex]

Just had Huge SSO head fake on high volume of day. Spy did not follow ,almost no volume change.

[tdo722]

can't wait for moody or fitch to downgrade usa again. that will fulfills the prediction of erci that usa will go into recession and so is the world. 2nd downgrade will not just be spx 1074 low. insert your own number here and let me know.

[Cobra]

Corba~ can you please give some comments on AMZN?

not sure about the trend.

[Petsamo]

Corba~ can you please give some comments on AMZN?

I'm not Cobra, but I shop AMZN almost as frequently as I shop WMT.

[Al_Dente]

Oh my my
ATTENTION ALL BOARDERS WHO WOULD LIKE TO REMAIN ON THIS BOARD
Reminder: This is a professional trading room, not a locker room, not a free-for-all
We are at the workplace here, please…

[waverider]

Al Dente, appreciate the interesting post! Sounds like the crowd reacted to the behemoth, market moving volume of Rothschild? Here's my 2s10s30s imitation chart with UUP: http://stockcharts.com/h-sc/ui?s=UUP&p= ... =246968011

oooooooo, SHY hey, I just learned a new one there bud, and may the FORCE be with u too
as soon as EVERYONE heads out for the party weekend, let’s watch those sneaky SOBs run em up/down into the close

I suppose SHY adds a bit of noise. Interesting pivot breakdown fail in IWM.

[rocstocktrader]

Stock market video: “A Game of “Wait and See” Anyone?”

It can be found on the right sidebar under Tools-Free Trading Videos2

http://stk.ly/qYFCaS

[Cobra]

Corba~ can you please give some comments on AMZN?

I'm not Cobra, but I shop AMZN almost as frequently as I shop WMT.

be sure to remember to shop via my Amazon links, thanks. You can find the link on my main side.

[pady]

Full day in a sideways triangle.

[Me XMan]

Got some SDS after seeing EUR/USD diving and SPX not keeping in sync.

Something's up...EURO diving...

more...

[KENA]

Can this be said that we now have 3 attempts at the high today..Yes it is a boring day.

[mac769]

anyone have any thoughts on the Ted Spread staying elevated during this rally. Typically this should fall during healthy rallies. Correct?

Yes, this is exactly what I am concerned about, the Treasuries seem to look through the "smoke and mirrors" solution of the Eurocrats, so the chart looks accordingly...

and btw, who wants to be long Euro and short USD over the weekend?

[tdo722]

vix hits a new low on 5min chart but we have yet to hit a new high. i'm going long starting now.

I feel the rocket is taking off in 5,4,3,...

[Al_Dente]

Internals: note change in tick, vix, but spy is not trying very hard, yet
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

[GreedyKojiro]

vix hits a new low on 5min chart but we have yet to hit a new high. i'm going long starting now.

I feel the rocket is taking off in 5,4,3,...

Yup, I just loaded a new batch of TNA too

[pidge66]

Cobra, are you expecting a 2 legged pull back before yesterday's high is retested? If so, I think the triangle should resolve to the down side for the 2nd leg. Thoughts? TIA.