06/02/2011 Intraday Watering

[Cobra]

Cobra: u said "back tested the morning low then reversal". Is this reversal just very short term? or a bite meaningful reversal?
$6k question.

for very short-term only, as in 60 min chart, we don't even have a bear flag yet so basically for swing trade, I see the rebound if any a sell opportunity.

[alphahorn]

SPX
Going down again.
http://99ercharts.blogspot.com/2011/06/spx_3693.html

I doubt it, just taking a bit to clear the 1313 pivot, once he does, then it should be off

[Cobra]

not a perfect EMA gap short, but we can use it to gauge bull's strength.

[cletus]

The next 6 trading day/calendar day ranks (based on 50 years of S&P data). A higher rank is more bullish.

June 2nd: Neutral
149 out of 363 on calendar day avg return
104 out of 363 on calendar day % positive
113 out of 261 on trading day avg return
32 out of 261 on trading day % positive

June 3rd: Neutral
166 out of 363 on calendar day avg return
231 out of 363 on calendar day % positive
94 out of 261 on trading day avg return
121 out of 261 on trading day % positive

June 6th: Somewhat Bullish
80 out of 363 on calendar day avg return
158 out of 363 on calendar day % positive
64 out of 261 on trading day avg return
72 out of 261 on trading day % positive

June 7th: Bearish
249 out of 363 on calendar day avg return
271 out of 363 on calendar day % positive
181 out of 261 on trading day avg return
169 out of 261 on trading day % positive

June 8th: Very Bearish
296 out of 363 on calendar day avg return
285 out of 363 on calendar day % positive
240 out of 261 on trading day avg return
202 out of 261 on trading day % positive

June 9th: Very Very Bearish
353 out of 363 on calendar day avg return
353 out of 363 on calendar day % positive
237 out of 261 on trading day avg return
246 out of 261 on trading day % positive

[alphahorn]

things continue as I suspect then we'll have a very nice reversal candle on the daily INDU

[alvian33]

cobra do you think we retest todays high on /ES at 1317.5 plus or minus?

[uempel]

The next 6 trading day/calendar day ranks (based on 50 years of S&P data). A higher rank is more bullish.

June 2nd: Neutral
149 out of 363 on calendar day avg return
104 out of 363 on calendar day % positive
113 out of 261 on trading day avg return
32 out of 261 on trading day % positive

June 3rd: Neutral
166 out of 363 on calendar day avg return
231 out of 363 on calendar day % positive
94 out of 261 on trading day avg return
121 out of 261 on trading day % positive

June 6th: Somewhat Bullish
80 out of 363 on calendar day avg return
158 out of 363 on calendar day % positive
64 out of 261 on trading day avg return
72 out of 261 on trading day % positive

June 7th: Bearish
249 out of 363 on calendar day avg return
271 out of 363 on calendar day % positive
181 out of 261 on trading day avg return
169 out of 261 on trading day % positive

June 8th: Very Bearish
296 out of 363 on calendar day avg return
285 out of 363 on calendar day % positive
240 out of 261 on trading day avg return
202 out of 261 on trading day % positive

June 9th: Very Very Bearish
353 out of 363 on calendar day avg return
353 out of 363 on calendar day % positive
237 out of 261 on trading day avg return
246 out of 261 on trading day % positive

Thanks!

[Cobra]

cobra do you think we retest todays high on /ES at 1317.5 plus or minus?

likely i guess.

[alphahorn]

first sign of trend reversal on the 1 min chart since the sell off began yesterday, it just needs to maintain the light green shaded area, 5 min is getting close, heading to lunch good luck. I think it explodes upward this pm

[donatoloscalzo]

I agree Alphahorn, I agree...........

[uempel]

Soku, my sceptisism today for further long positions on SPX is based on these two charts:

[99er]

alphahorn: "I doubt it, just taking a bit to clear the 1313 pivot, once he does, then it should be off"

I agree with StrikePrice: "23.6% retrace met with a big Bear paw. Swat!"

[Me XMan]

Looking like SPX heading 1260?

Soku, my sceptisism today for further long positions on SPX is based on these two charts:

SPX9.png

SPX10.png

[Mr. T]

Yoku,

Those bears tried to make my gold chains!!! I sold them some gold colored chains at a premium...... the foo's!

You still long? Still kissing?

[uempel]

Looking like SPX heading 1260?

Soku, my sceptisism today for further long positions on SPX is based on these two charts:

The attachment SPX9.png is no longer available

The attachment SPX10.png is no longer available

Or 1235...

[KENA]

Did you notice we put a double top earlier this morning and now another lower double top.Now lets wait and see what happens.

[99er]

uempel: "Or 1235..."

Yummy!

[Mr. T]

uempel: "Or 1235..."

Yummy!

uempel's right: 1235

[shumushu]

Shorted the financial sector XLF, via SKF.

[99er]

Mr. T: "uempel's right: 1235"

Gee...and I thought I was bearish.