06/29/2011 Intraday Watering

[BullBear52x]

Doji for sure. Which way now? After long white candlestick (blended), good chance we change direction tomorrow, friends.

let me add, doji right under 50ma....

[uempel]

Doji for sure. Which way now? After long white candlestick (blended), good chance we change direction tomorrow, friends.

Yeah, look at my zigzag chart.

[StrikePrice]

Perfect bounce off 23.6%

38.2% = 1298
50.0% = 1294.5
61.80% = 1291.25

[cougar]

uempel, are you bullish or bearish towards the end of june and early july?

Uempel is mostly snakeish cuz Uempel is snake's friend.

Very important to be snakeish!
I love it here, ‘cause am slowly learning the complex art of snakishizm!

[KENA]

When you look at the spy 1 min line chart. It is not a perfect dome effect but if it is a dome we will go to the lows of today or even lower.lets see

[soku]

i see chances for a rebound, bulls need a H1 here to confirm the rebound.

i decide to listen to cobra this time.
damn. took half of my position off at 1298.5.
my calculated next stop is still 1295-1296

1295-1296 area is pretty good support. however, if taken, we will see 1291.75 soon.
at this point i cannot see anything lower for today.

[BlackThought]

DOW hit trendline resistance

[BlackThought]

treasury at support

[Anaconda]

uempel, are you bullish or bearish towards the end of june and early july?

Uempel is mostly snakeish cuz Uempel is snake's friend.

Very important to be snakeish!
I love it here, ‘cause am slowly learning the complex art of snakishizm!

Well, you earn my personal "chart of the day" award. I'll be studying that thru the weekend. I'm cycles believer, but have never been able to understand/predict when and why they change/end. So, I have less confidence in using them for trading. Eager to learn more though.

[shumushu]

uempel, are you bullish or bearish towards the end of june and early july?

Uempel is mostly snakeish cuz Uempel is snake's friend.

haha, being a snake means hammering 3 out of 3 calls today huh.

[BlackThought]

SPY at 50% retracement

[Cobra]

breakout the red line above would send L1 bears running for cover therefore much stronger rebound we'd see, so key here, but looks like the breakout had good chances.

[soku]

Well, you earn my personal "chart of the day" award. I'll be studying that thru the weekend. I'm cycles believer, but have never been able to understand/predict when and why they change/end. So, I have less confidence in using them for trading. Eager to learn more though.

aite, i stopped out. now i can give u some advice. if there is any holy grail, it must be cycles.
cougar must be a john ehlers believer, as i am.

[paulo.alonos]

down tomorrow
it's a thursday
retesting the gold line from below

this is a one-minute chart
my first successful post &
I'd like to include a thanks to all the great contributors

[soku]

i smell blood. i go long at this moment.

[Tabby]

It can go to 1298 and turn around bullish. Hopefully it goes lower and I load up more. I don't like boaring days that $SPX goes up and down by two points.

[uempel]

Being a snake or a snake's friend is tough. As soon as we gobble up minor gains (e.g. a rat) a Redtail swoops in and devours us:

http://video.nationalgeographic.com/vid ... emeal.html

[cougar]

uempel, are you bullish or bearish towards the end of june and early july?

Uempel is mostly snakeish cuz Uempel is snake's friend.

Very important to be snakeish!
I love it here, ‘cause am slowly learning the complex art of snakishizm!

Well, you earn my personal "chart of the day" award. I'll be studying that thru the weekend. I'm cycles believer, but have never been able to understand/predict when and why they change/end. So, I have less confidence in using them for trading. Eager to learn more though.

I’ll be happy to discuss that with you during the weekend in your “flowerpot watering session”, when we do not interfere with ongoing trades of other people.

[Cobra]

ok here comes the rebound, for now i believe this rebound shall eventually fail, but of course we'll have to wait and see.

[Cobra]

i think bears need pray here: down down down ole' ole' ole'