02/07/2012 Intraday Watering

[Cobra]

Small gap down, within yesterday's range, so chances are the gap will be filled.

Key time for Global ES, it had the 2nd and 3rd test on the upside with partial retreat, watch blue line on the top and bottom side, Double Top or Ascending Triangle, we'll have to wait and see.

[ocassional observer]

some more evidences for a correction. a golden cross on $spxa200R happened twice in this rally, may 2009 and nov 2010. both were coincident with a sharp correction followed by consolidation before renewal of up momentum:

[Al_Dente]

Good morning board
Money keeps pouring into muni bonds [and why]
Ned Davis Research yest chart…
http://screencast.com/t/CTGqje97ir

[Cobra]

The open.

[uempel]

Hi guys, I dont' have much time to play the market at the mom, so this is it for today: big ellipse pointing to a strong move either tomorrow or Thursday. I'll be closely watching today's (or tomorrow's?) market action before I decide if I want to play this signal

[Petsamo]

IWM flirtin with yesterday's low

[Petsamo]

Isn't Greece fixed? for the 7th time?

[Me XMan]

Taken short position $134.20

[stucap]

Any early morning targets Cobra? Looks to me like we're about to set the LOD. Bears are looking pretty weak.

[Al_Dente]

ODDITY ALERT
As u all kno, when u want to see something “upside down” on stockcharts.com u invert it by putting $ONE: in front of the symbol,
and it only works on daily charts
FOR SOME REASON I’M GETTING INVERTS TO WORK INTRADAY !
This is not the only example I’ve found: VIX is inverted here, it’s the thin red line behind SPY, and it’s intraday
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

[Petsamo]

SPY busted yesterday's low

[Cobra]

as I said key point is the overnight low. so wait.

[fehro]

Trendlines.. bounce 1332?

[Cobra]

Friday's low.

[SWalsh]

'IF" That is a failed 5th wave and the top is in then yesterday was not a B wave.

We should find out shortly as SPY 133.70 is where wave C=A as well as the lower channel line.

[soku]

me got bulled for too long. cannot see too far away. i guess 1330-31 is a def zone for bulls

[Wallstreetrader]

They are slipping lol.

[HappyFriday]

This world is funny !
China dot com (CDCAQ) is already a BK company and is traded higher in pink sheet rather than big board. Only half year from $0.07 to $2.32 ! Keep pushing quietly.

[waverider]

$VIX gap filled

[Al_Dente]

1 min internals
Also, check yr TRIN
http://stockcharts.com/h- http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

occasional observer: you’ve taught me how to use $SPXA200R better, thank you