06/15/2011 Intraday Watering

[Cobra]

I'm looking at 1256 for a long entry:

SPX1.png

finally, here comes bulls rescue. Tighten my stop loss here. just in case. don't want to fight with uempel!

[StrikePrice]

I feels like the E*Trade baby right now.

I want my puts back! I take it back. I want them back! LOL

[Cobra]

another rebound attempt here. after that we'll see, should be another leg down.

[99er]

ES
A peek at the damage done.
http://99ercharts.blogspot.com/2011/06/es_7126.html
So far.

[coolwenwen]

I'm looking at 1256 for a long entry:

SPX1.png

finally, here comes bulls rescue. Tighten my stop loss here. just in case. don't want to fight with uempel!

same here...:p

a "long" word brighten my eyes, seriously.

[oldpigwang]

Is 1264 going to hold?

[Cobra]

by the way, the measured move target has been met, believe or not.

[Cobra]

although I believe at least there's one more leg down, but bears should be aware the risks as RSP and IWM haven't made a lower low yet.

[FJoe]

Vix is finally starting to react to the downside move in equities. Anyone thing we hit 1250 during the regular trading session...seems everyone is looking at it (which is likely why we couldn't reach it the last couple of moves down). Everyone will buy 1250, unless we get a gap down below it...which is now much more likely IMO.

[jynmax]

I'm looking at 1256 for a long entry:

SPX1.png

thank you for saving me 15 mins before~

[budfox]

From my blog http://www.greedandmoney.com

Some possibilities that today’s low is in. We had an extreme low tick/panic tick of -1,385, almost -1,400. Some big guys were selling hard and sell stops were getting hit. Since then we pop pretty good here and with volume in 5 min ES bar. Lows can be made at the extreme low tick and no new low is made for the rest of the day. We may have witnessed that here.

[TrendTrade]

Back up to red resistence line?

[HK88]

although I believe at least there's one more leg down, but bears should be aware the risks as RSP and IWM haven't made a lower low yet.

Cobra,

I do not know if you follow FXC, but today huge drop with good volume right above support. On the last trading day of April, it had an exhaustion bar that signaled the top in commodities and equities. Not suggesting we have a bottom here, maybe it is worth watching...

[Cobra]

here's the bullish usual pattern, let's see.

[Cobra]

although I believe at least there's one more leg down, but bears should be aware the risks as RSP and IWM haven't made a lower low yet.

Cobra,

I do not know if you follow FXC, but today huge drop with good volume right above support. On the last trading day of April, it had an exhaustion bar that signaled the top in commodities and equities. Not suggesting we have a bottom here, maybe it is worth watching...

FXC is in consolidation more likely to breakdown.

[budfox]

Here is my projection count for today. Hard to image that we won't sell the close.

http://www.greedandmoney.com/wp-content ... mcount.png

[feibingjia]

I'm looking at 1256 for a long entry:

SPX1.png

finally, here comes bulls rescue. Tighten my stop loss here. just in case. don't want to fight with uempel!

"Tighten my stop loss here"...where is your stop loss now, ban zhang?

[cougar]

Cobra: I have the feeling that people don’t trust this bounce. They look at the US$ and see that it is still very strong. I don’t know why they trust this inverse correlation today, but most traders do!

[HK88]

although I believe at least there's one more leg down, but bears should be aware the risks as RSP and IWM haven't made a lower low yet.

Cobra,

I do not know if you follow FXC, but today huge drop with good volume right above support. On the last trading day of April, it had an exhaustion bar that signaled the top in commodities and equities. Not suggesting we have a bottom here, maybe it is worth watching...

FXC is in consolidation more likely to breakdown.

I hope it does, I am in Canada too I thought you might be using it for hedging your cash needs. Oh, BTW, watch out the RSI(14) positive divergence in 60 min chart. As long as it stays above 30, it is still there...

[Cobra]

L1 short, not sure about this setup, seems have good chance?