06/17/2011 Intraday Watering

[HK88]

hmm, no good, a opening double bottom only got a scalp, that's no good. here's what I see the next, the blue line below should hold, otherwise it'd be a double bottom.

You mean top?

[Cobra]

Looks like tech has also had dividend today, it goes by the name of RIM

no hope for RIM. I heard rim is going to cut some work forces,that's going to put pressure on the small town it locates where there's not many people there i think.

[Cobra]

hmm, no good, a opening double bottom only got a scalp, that's no good. here's what I see the next, the blue line below should hold, otherwise it'd be a double bottom.

You mean top?

yeah, right, I mean top. no bad you, now you understand how we Martian talk. considering moving to Mars? I can be your guarantor. But you have to take a Martian Exam called TOMFL.

[cletus]

Everyone who thinks we're in a bear market would do well to read this

http://tradersnarrative.wordpress.com/2 ... ging-bull/

[MajorEasy]

Can sell in May and go away be the right call??
nice down turn on the e-mini s&p (@esu11)

[Cobra]

ok, no good, a double top here, but need confirmation though, tinted area as the textbook target. I'm disappointed in bulls.

[uempel]

For bulls crucial that SPX climbs back over the 195 MA:

[BBFinance]

i expect a lot of romp job to come after the European market closes

[pidge66]

hmm, no good, a opening double bottom only got a scalp, that's no good. here's what I see the next, the blue line below should hold, otherwise it'd be a double bottom.

You mean top?

yeah, right, I mean top. no bad you, now you understand how we Martian talk. considering moving to Mars? I can be your guarantor. But you have to take a Martian Exam called TOMFL.

lol, i get the joke. i had to take one to get into college.

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

[cletus]

ok, no good, a double top here, but need confirmation though, tinted area as the textbook target. I'm disappointed in bulls.

Looks like support to me

[Tabby]

Can sell in May and go away be the right call??
nice down turn on the e-mini s&p (@esu11)

Only if you are a multimillionaire.

[BullBear52x]

For bulls crucial that SPX climbs back over the 195 MA:

SPX5.png

Thanks Uempel, use the same chart with SSO, SPY, and SPX. what can you draw from them? why SPY doesn't get on the program?

[cletus]

****************
TRADE ALERT
****************

Doubled exposure to IYR Sep 62 calls at 1.21

[Cobra]

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

[Cobra]

ok, no good, a double top here, but need confirmation though, tinted area as the textbook target. I'm disappointed in bulls.

Looks like support to me

agree.

[HK88]

Everyone who thinks we're in a bear market would do well to read this

http://tradersnarrative.wordpress.com/2 ... ging-bull/

Well, that is from June 1st (the chart as well), I wonder how it looks right now

[BBFinance]

here comes the green bars

[chenwt77]

many green bars now. how will it going today, up or down

[cletus]

I now believe 10:45 was a cycle low for the day, so we could see a cycle high at the 1:30 pivot

[cletus]

Everyone who thinks we're in a bear market would do well to read this

http://tradersnarrative.wordpress.com/2 ... ging-bull/

Well, that is from June 1st (the chart as well), I wonder how it looks right now

Even if it flashes a signal, the top will not be in yet