06/24/2011 Intraday Watering

[KENA]

I might be very mistaken, and certain data does point to a lower low, but I don't see the market flashing bearish signals. Am I blind ?

SPX1.png

It may mean to much right now but the NYA did cross it's 200dma this morning and is still dn.

[Cobra]

small double bottom, volume surge, so could be a rebound of some kind here, but I may think this is just the end of 1st leg down?

[MajorEasy]

Thanks Cobra for reminding us of the importance of watching
a Chaikin Oscillator

[soku]

1 more thing to share (yes i am always sharing)
poc is at 1268.25 which is roughly the avg price for es oi. i guess there will be fight in 1268-1265 zone for a while. neither side could clear it easily. material break out of either side will be a trend-following setup.

[Cobra]

ChiOsc still is high.

Hi Cobra, I thought with ChiOsc one either watches for 0-crossing or divergence. How would you determine what would happen to price on a given positive ChiOsc value?

I don't read that at all.

Is this the same one you are using?
http://stockcharts.com/school/doku.php? ... oscillator

yes, HE IS THE ONE!

[99er]

Gold
Update.
http://99ercharts.blogspot.com/2011/06/gold_24.html

[99er]

Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver_24.html

[99er]

Crude
Update.
http://99ercharts.blogspot.com/2011/06/crude_24.html

[quientuves]

5 min ascending triangle? and now half up?

[Cobra]

rebound as i said, but so far looks like a bear flag (5 min chart).

[jamesmith]

rebound as i said, but so far looks like a bear flag (5 min chart).

laoda, any guess on rebound target?

[Cobra]

rebound as i said, but so far looks like a bear flag (5 min chart).

laoda, any guess on rebound target?

no idea.

[99er]

So what's the weekend forecast for the Hamptons?
Copper http://99ercharts.blogspot.com/2011/06/copper_24.html
Gloomy.

[uempel]

rebound as i said, but so far looks like a bear flag (5 min chart).

laoda, any guess on rebound target?

no idea.

First bullish target:

[soku]

well, cannot rule out the chance it is forming a round top. it is still very remote tho, if it is for real, the possible target could be around 1310.
considering the quarter end window dressing, be cautious of holding shorts.
need to be very patient to be a bear.

[bbc]

1 more thing to share (yes i am always sharing)
poc is at 1268.25 which is roughly the avg price for es oi. i guess there will be fight in 1268-1265 zone for a while. neither side could clear it easily. material break out of either side will be a trend-following setup.

hi, soku, where can you read avg price of futures OI?

[99er]

SPX
Gloomy?
http://99ercharts.blogspot.com/2011/06/spx_6287.html
Great for cliff diving.

[Anaconda]

SPX
Gloomy?
http://99ercharts.blogspot.com/2011/06/spx_6287.html
Great for cliff diving.

Sure looks like a bear flag.

[guelder_rose]

Is 2nd leg dowm coming?

[Anaconda]

Is 2nd leg dowm coming?

Target 1267.