07/18/2011 Intraday Watering

[rvb]

thank you

[agnosia]

i sold my /es longs at 1295 .. don't like this action..

[Dow Trader]

Looking to another angle

[jsl]

could bounce from here or after one more leg down

[Dow Trader]

who want to see the Dow chart that make you think twice before placing any order now ?

[Cobra]

tough start, but it was a successful L2 short. now let's see where this push down leads us. My guess this is the 2nd push down on 15 min chart therefore after this one, should be one more push down. Let's wait and see.

[99er]

European Government Bonds

http://globaleconomicanalysis.blogspot. ... eland.html

[STC]

some support here, so I won't be surprised to see we at least consolidates here. But the bottom line, with RSP leading down, I won't worry too much for bears here. Someone tries hard to use some heavy weighted stocks to hold the index but that only delays the inevitable.

Cobra, SPY has pulled back to the 6/22 high as you predicted so do you think the low is in for the short term and intermediate term?

[Cobra]

some support here, so I won't be surprised to see we at least consolidates here. But the bottom line, with RSP leading down, I won't worry too much for bears here. Someone tries hard to use some heavy weighted stocks to hold the index but that only delays the inevitable.

Cobra, SPY has pulled back to the 6/22 high as you predicted so do you think the low is in for the short term and intermediate term?

selling not over yet. Lunch time, will be BACC.

[agnosia]

European Government Bonds

http://globaleconomicanalysis.blogspot. ... eland.html

holy crap ! Greece 2-Year Debt Hits 35.98%, Ireland Hits 23.31%, Italy 10-Year Debt Tops 6%, ..

[STC]

Cobra, SPY has pulled back to the 6/22 high as you predicted so do you think the low is in for the short term and intermediate term?[/quote]

selling not over yet. Lunch time, will be BACC. [/quote]

Can you explain a little more why selling isn't over yet? I thought you had a target for this selling to the 6/22 high on daily chart. Maybe for today it's not over but for this week or July it's almost over?

[KENA]

who want to see the Dow chart that make you think twice before placing any order now ?

I would like to see it.

[Anaconda]

who want to see the Dow chart that make you think twice before placing any order now ?

I would like to see it.

me too.

[jsl]

Greece default is a no-brainer
Italy will survive

Gold up, TLT down in spite of flying to saftey in EU, SPX down, crude down
Are they spelling stagflation?

[BullBear52x]

Neg. Div. little tiny one but this is bear trend so it's good enough

[agnosia]

i sold my /es longs at 1295 .. don't like this action..

damn i got duped... should have held out for my 1299 target. oh well.

[Dow Trader]

The yellow arrows level most of the time act as a magnet for the price except if the trend is very strong which I don't believe it is that strong so far. any bar closes above the down trend cloud usually means the wave is finished or almost finished ( even if the price make a new low for the wave after closing above the cloud ... a closing above the cloud means a correction or a new up wave will start so in both cases if happened, I can use the RSI 30-40 lvel to enter long ( this is not a recomindation what so ever)
note : I will update later if more price movement happened

[gilvag]

hi
FDAX update:

short term trend -
currently supported at 7100 looks like a strog support and good chance we'll see a large push up in a matter of hours.

for daytraders-
7140 is a good point to short
stop 7155
take 1- 7120
take 2- 7105

good luck.
g.

[Dow Trader]

Now we a clear lose above the cloud with RSI at 80 level confirming the last wave is done ( RSI can't go to 80 if the down trend is strong)

[Cobra]

hmm, strong rebound while I was at lunch. I see volume surge, so could be a pullback of some kind here, then we'll see.