07/12/2011 Intraday Watering

[ohioclass]

This may be a successful one...dollar breaking down here.

[uempel]

My last chart today, bye guys, I'm really tired after yesterday's night session

[Cobra]

interesting, cannot make higher high on the 3rd push up, not a good sigh.

[KENA]

I guess I did not miss much..I agree that last pop up was a good fake out.

[bbc]

This may be a successful one...dollar breaking down here.

better to use DX, ETF is not a precise proxy.

[STC]

interesting, cannot make higher high on the 3rd push up, not a good sigh.

Cobra, on a larger time frame (60 min and daily chart), do you think SPY is trying to put in a bear flag, so more selling in the next day or so before it can reverse?

[agnosia]

nice run in crude. i took a contract off at 97... keeping one on with stop at 95.90

[Anaconda]

nice run in crude. i took a contract off at 97... keeping one on with stop at 95.90

Nicely done. FYI, I added to my short position at 97,

[champix]

nice run in crude. i took a contract off at 97... keeping one on with stop at 95.90

I still do not understand this move, but really nice call ! Thx for sharing

[Anaconda]

nice run in crude. i took a contract off at 97... keeping one on with stop at 95.90

I still do not understand this move, but really nice call ! Thx for sharing

One reason: dollar down.

[agnosia]

nice run in crude. i took a contract off at 97... keeping one on with stop at 95.90

Nicely done. FYI, I added to my short position at 97,

thanks. be careful they may want to fill that gap on USO and also futures 98.67

[Cobra]

interesting, cannot make higher high on the 3rd push up, not a good sigh.

Cobra, on a larger time frame (60 min and daily chart), do you think SPY is trying to put in a bear flag, so more selling in the next day or so before it can reverse?

yes, i think a bear flag is in the forming.

[agnosia]

nice run in crude. i took a contract off at 97... keeping one on with stop at 95.90

I still do not understand this move, but really nice call ! Thx for sharing

thanks. to be honest i do not either... but i let technicals trump fundamentals. this could have been a major squeeze after last nights move.

[AK84]

breakout as I said, let's see how far this breakout could go, looks not bad...

Cobra, I've got resistance at 1326, 1330 and 1335. Do you remember my hourly chart with the two momentum indicators? In an hour or two it will give a sell signal...

yes, it's about to give sell signal, but not yet, still hard to say I think.

hi cobra,

how is the intra day sell signal determined ?

[agnosia]

interesting, cannot make higher high on the 3rd push up, not a good sigh.

Cobra, on a larger time frame (60 min and daily chart), do you think SPY is trying to put in a bear flag, so more selling in the next day or so before it can reverse?

yes, i think a bear flag is in the forming.

on the /es though it's one big massive inverted h&s and since /es leads SPY i'm guessing we have more up from here?

[99er]

SPX
1276.
http://99ercharts.blogspot.com/2011/07/spx_7023.html

[pablorynx]

what is going on, mkt breadth spiked and EUR just bounced off 1.40??

[agnosia]

like i said, when they want oil higher it will go higher regardless of fundamentals .. from the CME

"August crude oil experienced a substantial turnaround this morning with a $3 rally from the session lows. The gains come despite reduced demand forecasts from both the IEA and EIA. The EIA lowered their 2011 global oil demand forecasts by nearly 16% for a 1.43 million barrel per day increase from year ago levels. ."

[Nomorework]

what is going on, mkt breadth spiked and EUR just bounced off 1.40??

Stimulus was discussed at the last Fed mtg... Notes just came out

[KENA]

what is going on, mkt breadth spiked and EUR just bounced off 1.40??

Hype..On the Fed Min. Just out.