03/23/2011 Intraday Watering

[99er]

/ES
H&S target of 1253.5.
http://99ercharts.blogspot.com/2011/03/es_2695.html

[Cobra]

According to n vs n rule, as a bear, you may want to see huge up today to have a higher high then today could be counted as bull's day therefore according to n vs n, for 5 days bulls couldn't recover the previous 4 days losses. Well, that's what I'll be closely watching, although I don't think we'll have a higher high today so most likely a bear lose case today.

[BullBear52x]

According to n vs n rule, as a bear, you may want to see huge up today to have a higher high then today could be counted as bull's day therefore according to n vs n, for 5 days bulls couldn't recover the previous 4 days losses. Well, that's what I'll be closely watching, although I don't think we'll have a higher high today so most likely a bear lose case today.

In my case 1half won, 2nd half..not over yet LOL!

[zombiebraingoo]

spx stick save comin soon

[uempel]

I'm playing around with rhomboids. Chart shows SPX in the middle of the current rhomboid and it looks as though price might not know where to go.

[Cobra]

I'm playing around with rhomboids. Chart shows SPX in the middle of the current rhomboid and it looks as though price might not know where to go.

Rhomboids.png

Uempel, just want you to know, I'm really glad that I decided to open this forum. Thanks Pal!

[BullBear52x]

Earlier in the day, for some reason I was looking at the close of moday,that's how I target my SSO entry.breadth looks good in this hour chart just shy on the volume, I'd like to see RSI above 50 then I'll be more comfortable day trade on the long side. tomorrow I'll joint the Bulls band vagons but not today. unless big changes from the curent reading, I know the greed signal was back yesterday but thougth to wait for the dip at least at the close of Monday to close up the gap completely, well....not play out this time

[uempel]

I'm playing around with rhomboids. Chart shows SPX in the middle of the current rhomboid and it looks as though price might not know where to go.

Rhomboids.png

Uempel, just want you to know, I'm really glad that I decided to open this forum. Thanks Pal!

You are very welcome!

[Cobra]

picking up strength, wow.

[millie]

unempel, i thought it was just me who used them rhomboids . i found them by accident when doodling and then realised they were a valid tool. nice.

[Cobra]

OK, let's watch the next resistance. A little consolidation before breakout would be nice otherwise I'd be worried.

[zombiebraingoo]

spx stick save comin soon

there she blows! still gotta break above the 1302 ceiling!

[Cobra]

little resistance here, a little pullback would be nice.

[zombiebraingoo]

hui/gdx is breaking out in a major way - USD has got to fail here or?

[deep]

BEARSKIN IN HANDS

[Cobra]

As I said a little bit pullback would be nice. Since haven't tested the EMA20 for so long so if pullback could go that far (hit EMA20) it would be a buy normally.

[Cobra]

Wow, this really is strong. Still a little pullback or consolidation before the breakout would be nice.

[BullBear52x]

This train is taking off with out me. see you guys in New York, how far north are we heading?, this is healthy market, everyone making money but me 130 SPY is dead on mid bb.

[nikman]

Wow, this really is strong. Still a little pullback or consolidation before the breakout would be nice.

Maybe a Bullish Engulfing on SPY?

[zombiebraingoo]

USD is losing its nerve and verve

spx needs to breakout 1302^

RUT is putting in a REALLY bullish candle