05/26/2011 Intraday Watering

[gabor]

well, here comes the last hour weakness, hopefully it's just a temp one.

Maginot Line. Under 1325 by close.

For $SPX 1328 is the 50 DMA.

[Cobra]

ok, you really don't want to see a sharp pullback from here, i'll explain if indeed, for now i think chances are not high for a sharp pullback.

[wishful]

well, here comes the last hour weakness, hopefully it's just a temp one.

"rebound larger than previous one" -previous one -> 5/19-5/20?

[nikman]

ok, you really don't want to see a sharp pullback from here, i'll explain if indeed, for now i think chances are not high for a sharp pullback.

Cobra, the next two trading days are the final two days of the trading month. The seasonality for month-end is not good for a while. Is end-of-May / "days around Memorial Day" immune from that month-end seasonality?

[cougar]

QQQ has encountered some resistance at 57.3 = Moving Average Weighted 165 [MAW(165), blue].
The direction on close will be interesting...but I am not expecting a sell-off.

[Cobra]

critical test here, a little higher high or even a lower high then rollover hard would be bad.

[Cobra]

well, here comes the last hour weakness, hopefully it's just a temp one.

"rebound larger than previous one" -previous one -> 5/19-5/20?

doesn't matter, then previous 2 are of the same size.

[Cobra]

ok, you really don't want to see a sharp pullback from here, i'll explain if indeed, for now i think chances are not high for a sharp pullback.

Cobra, the next two trading days are the final two days of the trading month. The seasonality for month-end is not good for a while. Is end-of-May / "days around Memorial Day" immune from that month-end seasonality?

no idea.

[nasa1100]

ok, you really don't want to see a sharp pullback from here, i'll explain if indeed, for now i think chances are not high for a sharp pullback.

first time in three days, no sale by the end of day?

[gabor]

critical test here, a little higher high or even a lower high then rollover hard would be bad.

What does rollover mean.

[Cobra]

ok, you really don't want to see a sharp pullback from here, i'll explain if indeed, for now i think chances are not high for a sharp pullback.

first time in three days, no sale by the end of day?

tomorrow is another key, normally we should see some weakness in the morning then a nice recovery. but if we don't see any weakness, then chances are pretty high that this round push up would bring us far higher.

[Cobra]

critical test here, a little higher high or even a lower high then rollover hard would be bad.

What does rollover mean.

turn down.

[agnosia]

critical test here, a little higher high or even a lower high then rollover hard would be bad.

What does rollover mean.

turn down.

that's not what my dog does when i tell him to rollover

[Cobra]

that's not what my dog does when i tell him to rollover

[BullBear52x]

QQQ has encountered some resistance at 57.3 = Moving Average Weighted 165 [MAW(165), blue].
The direction on close will be interesting...but I am not expecting a sell-off.

rinse and repeat

[nasa1100]

a double top in 5min?

[cougar]

Oops! QQQ going down...just a little bit harder than I expected.

[zebra]

Oops! QQQ going down...just a little bit harder than I expected.

not puking yet..

[agnosia]

a double top in 5min?

bear trap probably.

[MajorEasy]

only made 2 pts.. but a well placed trade is a thing of beauty, yesterday i had 6 winning trades in row...