07/18/2011 Intraday Watering

[Cobra]

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)

interesting, thanks.

[stingrey]

I am very suspicious of a big AAPL run today into the close. If that happens will not be surprised to see sell off after hours and tomorrow...

[Cobra]

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?

law of inertia. strong push down seldom is l legged, so at least after the rebound there's one more down. Like you Earth people, price needs 2 leg to stand firm. We Martian by the way, has no such a limit.

[Cobra]

strong bear bar, but need a follow through, let's wait.

[EvilTrader]

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)

NIce chart.

What time frame is it ?

Is it futures or cash ?

thanks

[KENA]

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)

THANKS

[agnosia]

gotta love how this ramp is on no volume..

[stingrey]

I am very suspicious of a big AAPL run today into the close. If that happens will not be surprised to see sell off after hours and tomorrow...would also be suspicious of any strong buying of the markets near and into the close...

Looking for a good entry on the long side...don't think it is time yet...

[Anaconda]

gotta love how this ramp is on no volume..

Hang in there. More downside to come.

[BullBear52x]

Watch this bear flag like channel, if break down Lows is not in.

[Anaconda]

Watch this bear flag like channel, if break down Lows is not in.

This is what I am watching too.

[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)

NIce chart.

What time frame is it ?

Is it futures or cash ?

thanks

it is futures in 10 range bar

[BullBear52x]

Watch this bear flag like channel, if break down Lows is not in.

This is what I am watching too.

Not want to sound so bearish, intraday BUY is still intact.

[agnosia]

gotta love how this ramp is on no volume..

Hang in there. More downside to come.

yeah i dunno if that is true... stocks across many sectors are showing relative strength. i should have stuck to the levels i chose during my wknd research. oh well... i will look to get long on pullbacks.

[seeyou]

Anyone trade MSFT ? using cycles ?

[BullBear52x]

gotta love how this ramp is on no volume..

Hang in there. More downside to come.

yeah i dunno if that is true... stocks across many sectors are showing relative strength. i should have stuck to the levels i chose during my wknd research. oh well... i will look to get long on pullbacks.

Watch RSI 1 min. bears look to take another punch here.

[Cobra]

a follow through next bar would mean the pullback finally starts. so far this is a 2 legged up, I was too early to call it's over. should stick to the original thought: 2 legged rebound at least...

[BullBear52x]

major players RSI are now rolling down again.

[Cobra]

no follow through, still hard to say if rebound is over, let's wait.

[agnosia]

Watch RSI 1 min. bears look to take another punch here.

wow, that's too small time frame for my trading .. hopefully ur right though. convincing break of RSI 52 on 15min will get me buying again..