07/07/2011 Intraday Watering

[shumushu]

breakout as I said, maintain the target, still not much to say.

http://www.youtube.com/watch?v=X9Svm8xc1z8

[cougar]

These twin Gann Squares are defined by a diagonal = the 1x1 Time/Price line of the Gann Fan (m=1).
They suggest a “free ride” for SPX to the top of the square = 1377.

Great chart, Cougar. As an aside, this would comport with an elliott wave count to a new high (5), for those still looking for it.
Thanks and have a good one.

A

Yes, Anaconda…and thank you!
The EW buffs are discussing the '"order" of that “5“….
Is it w5 of W1, of “BIG W5“, or is it W5 of “BIG W5”, after which the party is over…

[Anaconda]

.....?

[cougar]

OK, A...I'll post a clarification chart.
It's more importan to be clear than to be right...LOL!

[Anaconda]

Where's our moon cycles guy? And wasn't there someone who posted a 16-day cycle chart some time back? Curious to see what they have to say.
Thanks in advance,
A

[uempel]

breakout as I said, maintain the target, still not much to say.

My target is slightly higher, but perhaps it's not for today; I've got 1357 for today or 1359 for tomorrow

[Anaconda]

OK, A...I'll post a clarification chart.
It's more importan to be clear than to be right...LOL!

Thanks! (Even though my "....?" was just an open question re. interpretation of the clearly forming candlestick for the day.)

[shumushu]

.....?

not gonna lie, this bar feels like an exhaustion bar. Multiple day up then gap up huge

[Anaconda]

.....?

not gonna lie, this bar feels like an exhaustion bar. Multiple day up then gap up huge

Yep. That's what I'm thinking too. But, these days, my candlesticks aren't speaking as clearly to me, it seems.

[BullBear52x]

bears puzzling, TICKQ selling all day, price keep going up.

Qs here.

[ctu688]

Any opinions on UNG?
Natural gas was hammered today because actual bcf is 95, expected was 80, which to me wasn't that bad.
If UNG drops to 10.25 intraday, I think I'll bite.

I trade UNG and few friends of mine in and out with me. right now it's bearish, to trade on the up side you are countering the trend. risky business. but if UNG is your beef to go long here is what I will do, wait for it to trade above 200ma 1min. to enter. I am not right now because a fresh break down at 10.55 is very bearish, trade back above 10.55 before I will look for entry again.

Hi Bull Bear52: I am in UNG and betting for the upside. Still holding and hope today is a bottom date but quite nervures now. When you trade the UNG, are you day trading or swing trade? Your 200 ma 1 min is more for a day trading for my understanding. I would like to follow on UNG to learn the way. Thanks

[99er]

SPX
Two bear targets.
http://99ercharts.blogspot.com/2011/07/spx_8442.html

Going hunting for dinner now. Good luck all.

[Cobra]

breakout as I said, maintain the target, still not much to say.

My target is slightly higher, but perhaps it's not for today; I've got 1357 for today or 1359 for tomorrow

what would you do after hitting the target?

[cougar]

OK, A...I'll post a clarification chart.
It's more importan to be clear than to be right...LOL!

Thanks! (Even though my "....?" was just an open question re. interpretation of the clearly forming candlestick for the day.)

LOL, Anaconda! Well, sometimes blog discussions are reminiscent of that Eugene Ionesco play, in which conversations happening in a restaurant, at different tables, get mixed, but they still make sense in an absurd way…
Anyway, since I downloaded them, here they are:
First variant:

[cougar]

Second variant:

[Cobra]

nothing to say, here's why the market stalls here...

[Anaconda]

OK, A...I'll post a clarification chart.
It's more importan to be clear than to be right...LOL!

Thanks! (Even though my "....?" was just an open question re. interpretation of the clearly forming candlestick for the day.)

LOL, Anaconda! Well, sometimes blog discussions are reminiscent of that Eugene Ionesco play, in which conversations happening in a restaurant, at different tables, get mixed, but they still make sense in an absurd way…
Anyway, since I downloaded them, here they are:
First variant:

Much appreciated, Cougar! For what it's worth, I'm in the second camp. Seems to me we need to let off some steam, first, before channeling to 5.

[uempel]

breakout as I said, maintain the target, still not much to say.

My target is slightly higher, but perhaps it's not for today; I've got 1357 for today or 1359 for tomorrow

what would you do after hitting the target?

Sell tons of minis and cover them when they drop a few handles (either at midnight or sometime Friday). I believe it's safe. The market has to digest some of the gains and will pause soon...

[Cobra]

breakout as I said, maintain the target, still not much to say.

My target is slightly higher, but perhaps it's not for today; I've got 1357 for today or 1359 for tomorrow

what would you do after hitting the target?

Sell tons of minis and cover them when they drop a few handles (either at midnight or sometime Friday). I believe it's safe. The market has to digest some of the gains and will pause soon...

just as I thought you'd do. thanks.

[MajorEasy]

mild correlation Euro versus SPY