07/27/2011 Intraday Watering

[Cobra]

nothing to say.

[j1900q]

Should be new lows, right around the corner. Looking to unload 3 short ES contracts. If we make it to 302.50, I buy one for the return trip.

[Cobra]

consolidation, direction not clear, let's wait. should be a little little little (insert 100 litter here) higher odds on the downside though.

[cougar]

One could use AAPL as a “complacency indicator”.
If it touches support (on this chart, 6/8 MM = 391.24), what will it do next?

[countryboy]

Cobra's often used phrase is very appropriate to say about this week's markets in that they are trading news, rumours, and HFT computers are going wild. My point being that as much as I admire Cobra's technical expertise until debt ceiling is resolved tech signals are almost worthless. Might as well take your investment $$ and go to Vegas. (IMO)

[99er]

So honey...what's for lunch?
SPX http://99ercharts.blogspot.com/2011/07/spx_27.html
Rocky Mountain Oysters?

[AK84]

So honey...what's for lunch?
SPX http://99ercharts.blogspot.com/2011/07/spx_27.html
Rocky Mountain Oysters?

99er must be soooooooooooo happpppyyy today !!!!!!

[Cobra]

still consolidating in a range, still a little little (100 little here) more likely be on the downside.

[Cobra]

lunch time, will be back, normally, the 2nd leg down like today's case should make a lower low, purely from feelings, trading is an art, no solid evidences...

[shumushu]

I was dead wrong about the V recover? Possible double bottom? Breadth is absolutely terrible on the NYSE, 5:1 on the nasdaq.

[KENA]

If you belive in the Phantom bars look at the IWM ..4 phantoms to up 82.37..Wait and see,thats what i am doing.Only thing going good for me today is NFLX..Going gang busters for the last 3 days. Lets see what happens.

[KENA]

I was dead wrong about the V recover? Possible double bottom? Breadth is absolutely terrible on the NYSE, 5:1 on the nasdaq.

Maybe double bottom..Wait and see

[AK84]

lunch time, will be back, normally, the 2nd leg down like today's case should make a lower low, purely from feelings, trading is an art, no solid evidences...

whats for lunch Cobbbzyyy ? Do u cook btw or does ur wife ? also .....do u have kids ?

[Cobra]

nothing to say, this doesn't look like a typical trend day.

[AK84]

I was dead wrong about the V recover? Possible double bottom? Breadth is absolutely terrible on the NYSE, 5:1 on the nasdaq.

Silly question but how do i measure beadth on stockcharts.....what indicators do i need and i would like to learn more about how to use it to trade single stocks( which is what i primarly do using options)

[Cobra]

lunch time, will be back, normally, the 2nd leg down like today's case should make a lower low, purely from feelings, trading is an art, no solid evidences...

whats for lunch Cobbbzyyy ? Do u cook btw or does ur wife ? also .....do u have kids ?

meat ball for lunch. I don't cook anymore after I married. Before that I cook. I have a daughter.

[99er]

Debt Ceiling Rap Video

http://www.huffingtonpost.com/2011/07/2 ... 10179.html

Dedicated to AK84.

[stucap]

55 DMA on the cash appears to be holding this market up. Was support on 7/11, then resistance on 7/12-7/18, now we've come to play again. It's the top yellow line on the chart.

I agree with 99er -- the ES hourly looks like a sure-shot H&S target sub 1290. But, Congressional action might take place before we get there = mega short squeeze.

IMO bad news is already out (although a weak jobs number tomorrow could trigger more selling) and once we get some good news, the dip buyers will be back in full force.

[AK84]

lunch time, will be back, normally, the 2nd leg down like today's case should make a lower low, purely from feelings, trading is an art, no solid evidences...

whats for lunch Cobbbzyyy ? Do u cook btw or does ur wife ? also .....do u have kids ?

meat ball for lunch. I don't cook anymore after I married. Before that I cook. I have a daughter.

Your wife must be v v v ( insert vv x 100 ) lucky to have such a nice man like u (i mean that in the most brotherly way possible!). You are just tooo tooo toooo (insert tooo toooo x 1000 ) nice !!!

[shumushu]

I was dead wrong about the V recover? Possible double bottom? Breadth is absolutely terrible on the NYSE, 5:1 on the nasdaq.

Silly question but how do i measure beadth on stockcharts.....what indicators do i need and i would like to learn more about how to use it to trade single stocks( which is what i primarly do using options)

I use Thinkorswim platform and the breadth is measured by using $ADVN/$DECN and the Up Volume/Down Volume.
If you don't have it for your trading platform, you can use http://finance.yahoo.com/advances?u You can see that down volume is at 87%, almost 10:1