06/29/2011 Intraday Watering

[MajorEasy]

3 bars per day 130 minute, no pre-market.....
notice Chaikin Oscillator, it's very high,
my guess is that the market can keep going up until Chaikin Osc goes below zero.
that's how i use it intraday... (zero line)

[99er]

Hey, Ben. Losing it?
ES-ZB http://99ercharts.blogspot.com/2011/06/es-zb_29.html
Take two and call me in the morning.

[reza]

:alpha, what settings do you use for the bottom 3 panels? Looks like MACD?

I showed my RUT system earlier, here's a look at my DOW system. My systems are geared to swing trading not day trading as most here are inclined to do, but as you can see it early in a move, that could have plenty of room yet to roam

[Tabby]

I showed my RUT system earlier, here's a look at my DOW system. My systems are geared to swing trading not day trading as most here are inclined to do, but as you can see it early in a move, that could have plenty of room yet to roam

Alphahorn,
Don't you think a pullback around $RUT 821-824? TNA can still go higher but it needs a little pullback.Even for swing trade, TNA hits the lower BB and then goes up, TNA repeated self three times, 10:05, 11:39,13:39 . I think we are done with TNA for today.
I think $RUT around 825 is pullback.

[alphahorn]

I showed my RUT system earlier, here's a look at my DOW system. My systems are geared to swing trading not day trading as most here are inclined to do, but as you can see it early in a move, that could have plenty of room yet to roam

Alphahorn,
Don't you think a pullback around $RUT 821-824? TNA can still go higher but it needs a little pullback.Even for swing trade, TNA hits the lower BB and then goes up, TNA repeated self three times, 10:05, 11:39,13:39 . I think we are done with TNA for today.
I think $RUT around 825 is pullback.

Yeah, I think this leg is getting long in the tooth, but I don't expect too deep of a pullback. If this is beginning of the next leg up for the markets, I don't suspect it will slow too much to let people get on who missed the initial move

[rhight]

For what it is worth, SPX 1309.8 is 50% of March Low to May High (1249 to 1370)
Great posts everyone, may the force be with us. Like cougars cycle chart, will have to study.

[cougar]

QQQ might be overbought, but I do not see any compelling reason to short it.
Right now, a consolidation or a drop are equally possible. Thus...I'll wait and have a coffee.

[99er]

Hey, Boyz. Looking for a new tie?
SPX http://99ercharts.blogspot.com/2011/06/spx_2859.html
Try this one on for size.

[uempel]

I keep on checking channels...

[rhight]

Beaucoup resistance immediately overhead, may be good for the pull back longs are waiting for.

[soku]

i am observing the same thing. all indicators are negative while only the price is stubborn. i guess it is another sign of manipulation.
play small, play shorter period. i am always patient.

[Cobra]

hmm, good, looks like I made the 3rd score today. let's wait to see where this pullback ends.

[shumushu]

hmm, good, looks like I made the 3rd score today. let's wait to see where this pullback ends.

Genius: Prediction. Market closes as a doji

[dmid]

hmm, good, looks like I made the 3rd score today. let's wait to see where this pullback ends.

Just went short thru TZA

[Cobra]

my read on the past few hours are bearish, those Doji or Shooting Star looks a little bit bearish, so I'll assume more red bars ahead, say 51.00000000000000001% chances better than up?

[Cobra]

don't read me wrong: my plan is clear - I'd buy the very first pullback.

[soku]

market is trending since 10. now i am bearish. short at 1302.75. hope to sell around 1298

modify my target a little bit to 1296.25

[endangered510]

Cramer of all people made a good point yesterday. He said that window dressing does not end on Friday but rather several days before b/c fund managers fear being investigated by the SEC (as if that would ever happen). I would not be surprised to see a selloff to end the week.

[Cobra]

OR high as support but I believe this is just the 1st leg down (on 5 min chart).

[BullBear52x]

don't read me wrong: my plan is clear - I'd buy the very first pullback.

130 not below that, if below 130 watch out!