07/05/2011 Intraday Watering

[keesa]

what is your time frame for RUT748 target?

RUT
Update.
http://99ercharts.blogspot.com/2011/07/rut_05.html
Looking at AB=CD at 748.

[99er]

keesa:

Looking at the monthly chart, I would say by August. Weekly suggests August 15.

[BullBear52x]

this is something Bull flag on the Vix and SPX together?

[TexasGordon]

Maybe we have the 60 min negative divergence on RSI ??

[cougar]

I am trying to be realistic. Neither RUT daily nor IWM (on fast Renko) gave any indications of a downturn, for a swing trade.

[99er]

So how do you want your Prairie Oysters?
SPX http://99ercharts.blogspot.com/2011/07/spx_4688.html
Well done, please.

[cougar]

RUT daily with "Gannesques Indicators"

[cougar]

Trying again RUT

[cougar]

IWM on "fast Renko":

[99er]

cougar:

Nice charts. I pretty much focus on price and chart patterns. In any case, we are not here to make buy or sell recommendations but rather to see what other people think and, through their charts, why. Never blindly follow anybody!

So your expresso machine said "Long" this morning?

[Anaconda]

For those of you who follow sentiment indicators, here's one from Sentimentrader to consider..:

[Cobra]

Hey Cobra,
your pink line pays dividend by 7/6. It usually spikes at the end of the month to few days into begining of the month.Is it possible that it creates a fake corrlation with SPY graph/chart?

doesn't matter, it's just a reference. It's chart pattern that matters.

[Cobra]

For those of you who follow sentiment indicators, here's one from Sentimentrader to consider..:

we need see long history. I checked in the weekend, couldn't find the long history.

[Cobra]

sorry guys, after BBQ, I have to go out for about an hour. talk to you later.

[cougar]

cougar:

Nice charts. I pretty much focus on price and chart patterns. In any case, we are not here to make buy or sell recommendations but rather to see what other people think and, through their charts, why. Never blindly follow anybody!

So your expresso machine said "Long" this morning?

My espresso machine said:
“When after an overoptimistic run and a long weekend the market gives signs of apathy, watch your wallet!
Stay out of it until the real thing shows up!”

[99er]

cougar: "Stay out of it until the real thing shows up!”"

Bet DSK wishes he had your machine.

[KENA]

We have had 3 trys to break 133.98..Will we have a 4th?????

[MajorEasy]

2 hour chart 4 equal bars per day including pre-market.
looks like we're at some resistance level.
to me this chart is neither bullish or bearish.

[cheech]

The last 8 times less than 10 million shares of SPY were traded in an hourly bar, which just happened again by the way. In no case was it good for SPY intermediate term.

[Anaconda]

The last 8 times less than 10 million shares of SPY were traded in an hourly bar, which just happened again by the way. In no case was it good for SPY intermediate term.

Outstanding chart/analysis. Thanks.