06/28/2011 Intraday Watering

[BullBear52x]

Its there on TOS charts, but I guess you guys can't see on IB charts

here TOS show most of them all the times, that's why when I did the back test it doesn't say much to me.

[soku]

all my indicators are bearish now, except the price itself.
i still hope it will go to mid 1270s this afternoon

[lumeipro]

Waiting to add more short, XLF, SMH divergence, bear flag developing and lacking of volume. But oversold and holiday mood are in the way. 1300 is the key area. I think it will touch it even the sky falls tomorrow. Big boys have the target set.

[BullBear52x]

all my indicators are bearish now, except the price itself.
i still hope it will go to mid 1270s this afternoon

I want to see 128.38 breached to confirmed my bearish price pattern.

[alvian33]

cobra, are you bullish today so far based on the action yet, or you think chances are good we will go revisit march lows, and the rally is just a small bounce?

[agnosia]

all my indicators are bearish now, except the price itself.
i still hope it will go to mid 1270s this afternoon

but price is all that pays in the end

[uempel]

Looking at the bullish options:

[agnosia]

added to my longs @ 1285...

[HK88]

If today's action ends like this, I really want to see the BPSPX. If it is still flat or small up, I would be really surprised...

[Cobra]

critical time, any time revisits the previous high, there's a chance for reversal. I see volume surge so could be an exhaustion bar on the breakout used simply for the stop run.

[uempel]

Check the comments, most of you guys are bearish. Not sure if this bias has statistical significance, but bullish bells might be ringing

[Cobra]

cobra, are you bullish today so far based on the action yet, or you think chances are good we will go revisit march lows, and the rally is just a small bounce?

I'm neutral, because statistically it's rare to simply up and up from here (intraday). I don't mean cannot up, I just mean it's a little lower odds now.

[KENA]

If today's action ends like this, I really want to see the BPSPX. If it is still flat or small up, I would be really surprised...

Yesterday the NYSEBP was only up a small fraction on the Dorsey Wright Point And Figure charts.I will post what they are Tomorrow morning.

[uempel]

Bye guys, I'm off for today.

[rhight]

on daily, we had RSI divergence since 6/14, but pricing level hasn't move higher. this bearish consolidation is through time, not price. another word bears got to be very very very very patience.

UUP (USD) appears to forming bullish ascending triangle with support found today at 50 DMA. Something to watch relative to risk assets.

Yes, I watched DBV 24 level or descending triangle also. very crucial time for equities bulls.

Interesting. I don't monitor DBV. Trying to wrap my head around how to interpret this. From their website:

The PowerShares DB G10 Currency Harvest Fund (Fund) is based on the Deutsche Bank G10 Currency Future Harvest Index - Excess Return™ (Index) and managed by DB Commodity Services LLC. The Index is comprised of currency futures contracts on certain G10 currencies and is designed to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates. The G10 currency universe from which the index selects currently includes U.S. Dollars, Euros, Japanese Yen, Canadian Dollars, Swiss Francs, British Pounds, Australian Dollars, New Zealand Dollars, Norwegian Krone and Swedish Krona. You cannot invest directly in an index.

[BullBear52x]

Looking at the bullish options:

SPX1.png

Yeap all eyed.

but 61.8% 129.52 still in the way before that area which coincided with 50% 130.55 fib retracements.

[Cobra]

hmm, seems an immediate breakout is in the card. Ascending Triangle or Cup with Handle.

[debossman08]

Looking at the bullish options:

SPX1.png

Thanks for the chart uempel. I do hope it hit that target before it drop down again.

[agnosia]

not sure why u guys are bearish on this tape... volume is good, breadth is decent plus we all know that fund managers are "painting the tape" for end of quarter. this is the time for us little guys to take advantage of it because we are nimble ... not fight it !!!

[endangered510]

http://online.wsj.com/mdc/public/page/2 ... nav_2_3022

Big time institutional money flow out of, and retail money into, SPY