08/08/2011 Intraday Watering

[uempel]

A year ago monthly BB with setting 13/1 was support:

SPXE.png

then this time it'll be breached at least a little more than the last time. that's how stock prices usually move.

Agree with Cobra, not to mention, the message of the market may be changing, so comparing what happened in the rally may not be analogous to today.

Closed my hedge.

[Ninja Trader]

love your charts though unempel

[KENA]

I'm still here..Just watching for a while.I might work out early today.

[pidge66]

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

Just got notified by the inventor of the SI to take things off the web or I get removed from his email list. So they're all taken off.

To answer your question, it was just Excel spread sheet. The SI values were concocted by myself based on the weekly descriptive email updates. For example, "The SI made new lows", "The SI broke the Feb high", etc.

[agnosia]

i see positive divergences on lots of 60 min charts....

the VIX will close with a black bar today and we will put in a short term bottom .

just my wildesteesttttt of guesses.

the dead cat....MUST BOUNCE!!!!

i like this scenario. am banking on the same thing.

[StrikePrice]

I see sideways until 12:30 and then a breakout I want to say to the downside to agree with Cobra, but I have the felling it could be a fake out breakout and reverse without making a new low of the day. Of course, feelings aren't worth anything so I'll likely not trade either way.

[Cobra]

L2 short on first touch of EMA20, let's see how it goes this time.

[99er]

Would a Maserati do?
SPX http://99ercharts.blogspot.com/2011/08/spx_7319.html

Life in the fast lane.

http://www.youtube.com/watch?v=XgE-Oedaiyk

[pablorynx]

small phantom bar 115.5333, dunno if it matters as much since low of the day so far is below that bar.

[Petsamo]

BAC is unloading big time. Thank goodness I'm not in it.

[Petsamo]

small phantom bar 115.5333, dunno if it matters as much since low of the day so far is below that bar.

I see it, 1 min chart.

[Cobra]

a little trend line here, it was a successful L2 short.

[agnosia]

BAC is unloading big time. Thank goodness I'm not in it.

their cds up 60 basis points today. here comes TARP 2.... who would have thunk you couldn't hide losses with accounting gimmicks.

http://www.zerohedge.com/news/here-come ... ntemplated

[agnosia]

a little trend line here, it was a successful L2 short.

nice one cobra, hope u got that trade. the 20 ema on the 5min of the /es is much lower than on the spy so it didn't look good to me.

[uempel]

love your charts though unempel

BB13/1 is often used as support on daily, weekly, monthly. Doesn't mean that it's a bottom, but I'm expecting a strong upwards move shortly - and the area of 1150 might be a nice starting point for a fast cruise up to 1200ish. Don't know where final bottom will be, 1130/40? That's where P+F charts indicate support. At the moment I'm focussing on a bounce - frontrunning as Cobra puts it.

[debossman08]

love your charts though unempel

BB13/1 is often used as support on daily, weekly, monthly. Doesn't mean that it's a bottom, but I'm expecting a strong upwards move shortly - and the area of 1150 might be a nice starting point for a fast cruise up to 1200ish. Don't know where final bottom will be, 1130/40? That's where P+F charts indicate support. At the moment I'm focussing on a bounce - frontrunning as Cobra puts it.

Always appreciate your insights. Thanks.

[AK84]

IHS on GOOG 5 min chart. Target 577

[AK84]

love your charts though unempel

BB13/1 is often used as support on daily, weekly, monthly. Doesn't mean that it's a bottom, but I'm expecting a strong upwards move shortly - and the area of 1150 might be a nice starting point for a fast cruise up to 1200ish. Don't know where final bottom will be, 1130/40? That's where P+F charts indicate support. At the moment I'm focussing on a bounce - frontrunning as Cobra puts it.

I am also frontrunning the bounce. Long AAPL at 360. Long goog.
Thats all i can handle for today

[BullBear52x]

Today could be that last exhaustion gap, no buy, not even on 1min. chart. short on until then.

[99er]

S&P Begins Muni Downgrades

http://www.businessinsider.com/sp-downg ... ies-2011-8