07/14/2011 Intraday Watering

[Cobra]

Missing Cheech today. The guy does have some TA expertise, but too bad that his arrogant attitude is......

I think he is here. He'll be speaking. I'm glad I wasn't totally wrong and he seems right too, anyway we're equal. I hope he doesn't mind as I'm OK with him.

I'd love to have him showing his voice on here again. We are ALL here to share our calls without being judgemental of others. I hope he would put it in that way. What matter at the end of the day is the inflow profits into his account.

Agree. I hope he sees this post. I think he likes me who likes some attentions too, so when indeed he's back, let's remember giving him some applause when he made a good call.

[KENA]

Boy!!!! How wrong i was about getting bullish..Shows you what those pain pills do to distort ones views.(but i feel good)Ha

[gilvag]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

target 2 - 7205 was in (actualy 7205.5 but i took profit at 7207).
stop and reverse price 7248.

currently holding 1/3 position.

good luck.

g.

lowering stop to 7204
posible push up soon.

g.

[99er]

Lunch?
RUT http://99ercharts.blogspot.com/2011/07/rut_6180.html
Steak tartare.

http://en.wikipedia.org/wiki/Steak_tartare

[rhight]

SPX is hanging out at the 50% point between the May High and the June Low (1314), and that is also the 50 DMA (now declining). The rising 20 DMA at 1307 could also provide some support. Volume low with no large up ticks today, but with some large (>1000) down ticks. Market shows little commitment, could be waiting for earnings season. Whoa, did you just see that -1500 tick
Going to lunch.

[Cobra]

now the picture is a little bit clear, after the 3rd rebound attempt failed, Global ES is heading to that overnight panic lows...

[rhight]

Cougar,
Check out my post on today's page 5. I think you'll find it interesting.

[Cobra]

some support here. let's see who's really leading, SPX or RSP/QQQ/IWM?

[gilvag]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

target 2 - 7205 was in (actualy 7205.5 but i took profit at 7207).
stop and reverse price 7248.

currently holding 1/3 position.

good luck.

g.

lowering stop to 7204
posible push up soon.

g.

stoped out at 7204

current entry prices:
above 7210 LONG
below 7185 SHORT

good luck.

g.

[cougar]

Cougar,
Check out my post on today's page 5. I think you'll find it interesting.

Yes, you got the essence of it :”…next touch of the line is what confirms the validity of the previous observation”. And those slopes are more than coincidences.
For other indices you might find some other fractional values of the slope which also can be starting points for further constructions.

[Sqwii]

IWM nearly always leading markets up and down... follow the IWM , 90% of times the leader.

[Sqwii]

As called this morning , watch SPY 132.75 for right shoulder 5 min SPX chart - HS topping pattern , now the target is below 1300.. so we should see that level by tomorrow IMO

[uempel]

Funny trio:

[Dow Trader]

Vix at 20 level , soon we will have a direction or at least a sharp move

[Dow Trader]

ES not confirming SPX in today's cash low of the day

[99er]

uempel: "Funny trio."

Looks like a finger to me.

"In the most dramatic example of someone give the teleprompter the finger on the debt target (f/k/a debt ceiling, in the pre Federal Reserve days), after earlier it was announced that Obama, so willing to continue the charade, was pushing for a Camp David meeting where the debt ceiling issue would be resolved, bunch-of-fat-old-men-locked-up-in-a-room-nobody-leaving-until-solution-is-reached style, Reuters reports that Boehner has politely refused this latest farcical denouement, and told the White House "that he sees no need to move the negotiations on debt and deficits to Camp David." In other news, it is now 7 days and counting until July 22." --Zero Hedge

[luckystar2006]

Vix at 20 level , soon we will have a direction or at least a sharp move [/quo

Vix at 20 level , soon we will have a direction or at least a sharp move

Intraday 60min VIX chart showing that squeezing BB already broke out on the upside.

Somehow, my short-term signal does not show any sign of a big drop from here yet. It is irritating me.

[Dow Trader]

INDU also didn't confirm this week low so far

[The Hook]

JPM breaking down

BAC breaking June lows

[Dow Trader]

EUR chart looks bullish but at resistance ... not confirming equities so far ( I am still short Dow at 12490 with stop and reverse above yesturday's high)