06/23/2011 Intraday Watering

[KENA]

Trin is at 1.43 when it gets dn to 1.50 the fun will start. Lets see.

[champix]

I do appreciate 99er graphs with our without commentaries !
As well as I appreciated cletus call... Thanks to them for their contributions !

Regarding SPX, 1st target nearly reached ! 2nd one ?

[JJS612]

pdz:

Down.

Bear pennant.

Damn, no chart....!!!!!!!

[HK88]

Guys, this is a nice picture of the importance of the 1260 area: a breakl beneath of the treshold would trigger the H&S formation. Chart courtesy of CS based on yesterday's trading (and it's their commentary, not mine):

SPX4.png

So if 1260 breaks, then in theory it opens the door to 1150?

[uempel]

Guys, this is a nice picture of the importance of the 1260 area: a breakl beneath of the treshold would trigger the H&S formation. Chart courtesy of CS based on yesterday's trading (and it's their commentary, not mine):

SPX4.png

So if 1260 breaks, then in theory it opens the door to 1150?

In theory...

[wyemlyy]

Is that bullish? Dn from 1.43 to 1.5?

Trin is at 1.43 when it gets dn to 1.50 the fun will start. Lets see.

[stockcycle]

aapl up even though market down a lot, so I think we are in process of testing a bottom, once done we should really rally hard next month. We have seen the worst now time to accumulate positions slowly but surely.

AAPL has been positive relative to the markets all day, even in pre-market trading. Nothing has changed. It's just iPhone 5 hype.

I disagree.

All Wall St. darlings looking great here.

Look at NFLX, LULU, CRM, CMG as well as AAPL.

As bearish as I feel this doesn't make me want to load up on the short side yet.

"All Wall St. darlings looking great here." The Leaders up + Market down, I feel it is good chance to buy the deep today and tomorrow. Must say more: It is my own risk appetite.

[HK88]

Another fishy thing is that XLY (consumer discretionary) is only down 0.7%. No idea what the market is doing...

[Cobra]

failed L2 but I see small bear flag here and a EMA Gap short.

Cobra, are you initiating a short position? Do you think there will be more down side action in the next few days to retest March low or could it hold the June low here?

I have short. I think there's more on the downside as long as no strong reversal today which has only 10% chances because "strong gap down, lower low after 10:30am ET, 90% chances today open > close".

[debossman08]

Guys:
I'm really not into writing comments all day long. I like to post charts but they are things I'm working on during the day anyway. Sorry.

I sort of agree with the other poster. I look at the charts you post but most of the time I am not sure what you're looking for in your charts. A one liner comment should be easier to post than to post a chart, no?

Let's not try to ask 99er to give his explicit views because I think he's already generous enough to post so many charts on this forum. Besides everyone has a different style to sharing and this is his so let's respect his style.

I do hear what other posters are asking from 99er because they value his thought to learn from. According to me he is one of the most valued posters here with great insights like the one we just lost today (Cletus). But I do agree with kktrader is saying: Let's appreciate what 99er shares eventhough we may want more. This is not to be mean to any of the posters for either arguments. I just like kktrader would like to add a point of view for appreciation for what learning opportunities are offered and appreciate it for what it is worth eventhough we may want more. That said I want to add that I do appreciate the posters asking for more because if you don't ask, you will not recieve.

[pablorynx]

cobra, does QQQ, RSP, IWM not change your mind? or do they just indicate another bounce to sell into?

[oldpigwang]

Closed my IWM calls with nice gain, will DT again on pull back.
Thanks Cobra 4 ur morning calls.

[Cobra]

cobra, does QQQ, RSP, IWM not change your mind? or do they just indicate another bounce to sell into?

QQQ, RSP, IWM make me very nervous about bears. but they're just for today. if we don't rebound strong today, it's still a sell.

[lumeipro]

Closed 1/2 my QQQ call from this morning. keep the other half for higher price.

[Cobra]

critical time, whether this is a breakdown then back test, we'll know soon.

[uempel]

Bullish view of this week's trading:

[lumeipro]

Wildest Guess - Qs close in green?!

[99er]

SPX
Pennant or Flag?
http://99ercharts.blogspot.com/2011/06/spx_7776.html
Both are bearish.

[stockcycle]

The good sign is the following 3X Bull are re-bouncing well: TNA, SOXL, EDC, BGU, TYH, YINN

[greenback]

Seems to be a strong reversal day in the making ...