06/24/2011 Intraday Watering

[HK88]

I still find it hard to believe that market going down with IWM outperforming and RSP non-confirming 2 days in a row...

[Cobra]

not sure if this is the start of the 2nd leg down on 5 min chart, but here's the text book target if indeed.

[uempel]

Doesn't support my bullish outlook:

[davros]

need to be very patient to be a bear.

[Cobra]

need to be very patient to be a bear.

bear.jpg

[99er]

SPX
No...you first.
http://99ercharts.blogspot.com/2011/06/spx_6251.html

[Tabby]

TNA stuck between Lower BB and Mid BB on 1 min chart.It did very good this morning.

[Anaconda]

As bull or bear, you just have a different perspective on who the bad guy is...

[andyzaky]

As bull or bear, you just have a different perspective on who the bad guy is...

And I'm the guy who steals the fumbled football off the field, and sells it to someone for $50.00. I'm on no one's team.

[99er]

At last check, the 1 month Bill was trading 0.000/-0.005, whereby people pay Tim Geithner to prevent them from investing in the worthless asset class known as stocks.

http://www.zerohedge.com/article/1-month-bill-0005

[debossman08]

Doesn't support my bullish outlook:

SPX3.png

thanks for the update uempel

[99er]

SPX
Whee!
http://99ercharts.blogspot.com/2011/06/spx_333.html

[Anaconda]

Guess what candlestick pattern you get when you blend yesterday and today's? (Monday might just be an early July 4th celebration for bears...)

[Cobra]

nothing to say, indeed this is the 2nd leg down, but I'd be happy if it could reach the 2nd green line, I won't hope for a new low today.

[Cobra]

ChiOsc is still high.

[PRI]

nothing to say, indeed this is the 2nd leg down, but I'd be happy if it could reach the 2nd green line, I won't hope for a new low today.

Cobra, may I ask why you abandoned your earlier target?

[lilitulip]

Guess what candlestick pattern you get when you blend yesterday and today's? (Monday might just be an early July 4th celebration for bears...)

is that dark cloud cover? thanks

[99er]

BKX
Got FAZ?
http://99ercharts.blogspot.com/2011/06/bkx_24.html

[Cobra]

nothing to say, indeed this is the 2nd leg down, but I'd be happy if it could reach the 2nd green line, I won't hope for a new low today.

Cobra, may I ask why you abandoned your earlier target?

tinted area too big, chart ugly, besides, the target is just a concept.

[lilitulip]

Hi Cobra,

on the daily chart for SPY, does it like ascending triangle (from 6/7 till now)? so more down side? thank you