07/06/2011 Intraday Watering

[99er]

Channel?
SPX http://99ercharts.blogspot.com/2011/07/spx_6208.html
Down.

Thanks, Cobra, for helping make today not so boring after all!

[pidge66]

I'm in the bear camp, but this sideway consolidation has unwound the 60 minute oscillators. I'm afraid the bull will have another leg up.

[Tabby]

[quote="99er"]KENA:

No one should make a move without first hearing from cougar's expresso machine.
I agree. I like the pifffffffffff, Piffffffffffffff sound of it.

[KENA]

Channel?
SPX http://99ercharts.blogspot.com/2011/07/spx_6208.html
Down.

Thanks, Cobra, for helping make today not so boring after all!

I will buy this one too.

[KENA]

I guess that is all for me today...One good thing I had a good workout.Makes you feel better.

[Cobra]

3 push down, H1 long plus the 2nd chance H2 long, both just got 1 point, cannot believe it, a little disappointed in bulls. No time now, 15 min till close.

[The Hook]

Sucker move in US equities today. Script already written overseas. See you tomorrow!

[pidge66]

3 push down, H1 long plus the 2nd chance H2 long, both just got 1 point, cannot believe it, a little disappointed in bulls. No time now, 15 min till close.

Hi Cobra, may be a stupid question here: Does "3 push down" and/or "2 legs up" have anything to do with H1/L1? In other words, are they defined by the H1/L1 construct or are they loosely defined? Thanks in advance!

[BullBear52x]

OK no winner, a draw day. wasting nice sunny day.

[Cobra]

3 push down, H1 long plus the 2nd chance H2 long, both just got 1 point, cannot believe it, a little disappointed in bulls. No time now, 15 min till close.

Hi Cobra, may be a stupid question here: Does "3 push down" and/or "2 legs up" have anything to do with H1/L1? In other words, are they defined by the H1/L1 construct or are they loosely defined? Thanks in advance!

they're not related. 3 push down was just my reason to look for a H1/H2 long because this is a trading reversal on a boring day. You have many other reasons to look for H1/H2 long not just 3 push down which is a little more complicated to trade therefore not recommend for beginners.

[Cobra]

well, this is the bull bar I'm talking about for H1/H2 long after a 3 push down, just no time now. guess that's it for today. thank you guys, I'll see you tomorrow.

[BullBear52x]

RSI favored Bulls
MACD favored Bears

I am out the here.

[Anaconda]

Imagine what would have happened today, if the US$ had not been up as much as it was! Bulls would have had a field day.

[Anaconda]

On a blended basis, using yesterday's DOJI and today's weak white candle, we have what looks like a hanging man construct, IMO. I anticipate a healthy downtrend from here.

[StrikePrice]

Can anyone explain how much 1 contract for the e-mini S&P 500 would cost?

Say I wanted to buy 1 contract at 1340?

[I_Got_Prechterized]

OK no winner, a draw day. wasting nice sunny day.

Umm, that was no draw. The bulls won today easily. Look at the internals particularly high beta stocks. Bears had an epic fail again. Sitting right near the highs afterhours, up 10 handles off the lows. You're deluding yourself if you think today was a draw.

[pidge66]

OK no winner, a draw day. wasting nice sunny day.

Umm, that was no draw. The bulls won today easily. Look at the internals particularly high beta stocks. Bears had an epic fail again. Sitting right near the highs afterhours, up 10 handles off the lows. You're deluding yourself if you think today was a draw.

In terms of money flow, it's close enough for a draw. Or if one wants to be technical, the bears win by a hair.

http://online.wsj.com/mdc/public/page/2 ... yflow.html

[rola]

Can anyone explain how much 1 contract for the e-mini S&P 500 would cost?

Say I wanted to buy 1 contract at 1340?

At price ESU1 1340, nominal value 67.000 $, initial margin 5.000 %, cost 11,67 $ (that is my bank)

[StrikePrice]

Can anyone explain how much 1 contract for the e-mini S&P 500 would cost?

Say I wanted to buy 1 contract at 1340?

At price ESU1 1340, nominal value 67.000 $, initial margin 5.000 %, cost 11,67 $ (that is my bank)

Thanks!

[I_Got_Prechterized]

OK no winner, a draw day. wasting nice sunny day.

Umm, that was no draw. The bulls won today easily. Look at the internals particularly high beta stocks. Bears had an epic fail again. Sitting right near the highs afterhours, up 10 handles off the lows. You're deluding yourself if you think today was a draw.

In terms of money flow, it's close enough for a draw. Or if one wants to be technical, the bears win by a hair.

http://online.wsj.com/mdc/public/page/2 ... yflow.html

well, price action pays, not money flow. we've gone straight up for 70 handles. We're up another 4 today with afterhours. This all while the dollar rallied and the Euro sold off hard. The bears won. See you tomorrow at the gap above resistance.