07/20/2011 Intraday Watering

[Dow Trader]

another angle view ( 15 minutes )

[cougar]

WYNN target/reversal ~ 157.57

[KENA]

Just waiting for some kind of direction, UP or DN

[progruss]

look how stretched AAPL now. I don't think it'd go too far.

Cobra, what indicator are you too determine that stretch on AAPL?

[agnosia]

98.72 is today's pivot=close. so a break above or below will give us direction...

[BullBear52x]

Bull flag playing out or Bulls trap? I got my line in.

[Rocket_Trades]

Did some $TZA and $TNA trades all out ---the market feels directionless to me..no edge

I do like what the financials are doing. If I had more conviction I'd go long here-short term- multiple time frames for TNA (longs) are negative, nasty red candles (no buy signals on 3 min ,5min ,15min ,30min 1 hour). The only bright spot I see is on the 233 tick chart for TNA is testing VWAP and on 5 min chart TNA is testing 34EMA, but trend looks down to me, for now.

I 'd rather sit out..

g/l all

[99er]

SPX
Target 1269.
http://99ercharts.blogspot.com/2011/07/spx_4749.html

[Dow Trader]

someone is trying

[cougar]

On WYNN 30 min: watching that same 157.57, but, altenatively, waiting for the appearance of a green dot on Macd BB

[agnosia]

days like today suck... /es 1324 is pivot=close... so a break above / below will give direction.

i am bored so i am going swimming have a good one guys.

[soku]

i take it as 123 and my target is 1327.5

[KENA]

Bull flag playing out or Bulls trap? I got my line in.

Looks like it may be a good set up.Thanks

[Cobra]

look how stretched AAPL now. I don't think it'd go too far.

Cobra, what indicator are you too determine that stretch on AAPL?

MACD(12,26,1). It's simply the distance between 2 moving averages.

[99er]

Updates

Gold http://99ercharts.blogspot.com/2011/07/gold_20.html
Silver http://99ercharts.blogspot.com/2011/07/silver_20.html
Copper http://99ercharts.blogspot.com/2011/07/copper.html
Crude http://99ercharts.blogspot.com/2011/07/crude_20.html

[Cobra]

OK, my guess is it was the 1st leg down, we still have 2nd leg down somewhere. Next bar may tell, bears need a L2 first.

[BullBear52x]

Did some $TZA and $TNA trades all out ---the market feels directionless to me..no edge

I do like what the financials are doing. If I had more conviction I'd go long here-short term- multiple time frames for TNA (longs) are negative, nasty red candles (no buy signals on 3 min ,5min ,15min ,30min 1 hour). The only bright spot I see is on the 233 tick chart for TNA is testing VWAP and on 5 min chart TNA is testing 34EMA, but trend looks down to me, for now.

I 'd rather sit out..

g/l all

I was in TZA since the morning, saw your post about it.

[Jennyahwu]

look how stretched AAPL now. I don't think it'd go too far.

Cobra, what indicator are you too determine that stretch on AAPL?

MACD(12,26,1). It's simply the distance between 2 moving averages.

Cobra, can u take a look RIm.to ? I think it is reverse (V shape) thanks

[Dow Trader]

Dow another view

[Cobra]

Let's see if this L2 starts the 2nd leg down. I'm not sure, wait and see.