08/08/2011 Intraday Watering

[uempel]

Linear daily shows SPX still in the long term bullish channel:

[agnosia]

i just got a weekly mechanical sell signal on the SPX. ( exp ema 34 and 13 ). here is my daily chart. h&s target of 1164 not reached yet.

[debossman08]

the patient looks sick.. he needs another dose of drugs ( ie. liquidity from ben ) or might go into further withdrawals. pump him up ben!

For those interested. New low was made on SI leading indicator last week, meaning price still lower 10 week down the road. http://wp.me/p1jbrN-bB

Great indicator. What tool do you use to have that indicator? I don't see it on freestockcharts.com.

thanks in advance

[agnosia]

looks like a h&s on the /es 15min chart. target is (1177-1162)-1162 = 1147

[rpccharts]

THINK BEYOND A 5 minute CHART

[Me XMan]

I'm in fetus position...AAARRRGGGHHHHHH!!!

[rpccharts]

CASH WILL BE KING

[Me XMan]

YOU'VE GOT TO BE KIDDING!

THINK BEYOND A 5 minute CHART

[rpccharts]

EDC 3x emerging MKTS DOWN 14.5%

[Cobra]

breakdown as I said. tinted area the mini target, 75% chances.

[agnosia]

damn guys this is no good, we just took out the swing lows from november... i'm very very glad i capitulated at 1240. this market is unbelievable.../es 1156 was the 38% retrace, next support is ?????????

[Me XMan]

Bring out your DOW 10K hats...

damn guys this is no good, we just took out the swing lows from november... i'm very very glad i capitulated at 1240. this market is unbelievable.../es 1156 was the 38% retrace, next support is ?????????

[agnosia]

spx 61.8% retrace support @ 1148.

long /es 1147.5 .. target reached. stops tight.

[hdenandy]

Looks to me like it might be finding a floor, atleast in the short term.

Buying the Dow at 11064.

[soku]

me on vacation. should not look at the market, but i did. i know i'm addicted.
1140 area shows some support. if cannot hold for mid-term, the next stop will be 1100.
me the perma bear, do u hear me roar.
good luck

[99er]

Honey...what's for lunch?
SPX http://99ercharts.blogspot.com/2011/08/spx_7913.html
How about the Blue Plate Special?

[StrikePrice]

Looks like 1150 is pretty good support for now.

In markets like these you always have to defer to the round numbers...1200 - 1150 - 1100.

My downside target is staying at 1050 still until some steroid injection from the gov't says otherwise.

[newbie_77]

looks like the 2nd wave of selling just started.

[99er]

But do they take dollars?
http://99ercharts.blogspot.com/2011/08/dx_08.html

[silicon_beaver]

retest 1150.