08/25/2011 Intraday Watering

[rola]

What time is Ben's speech tomorrow?

10 A.M.

[jarbo456]

What time is Ben's speech tomorrow?

it's at 10am EST.

for those of you who need a clear concise calendar (though i do not endorse their products): http://www.dailyfx.com/calendar

[shumushu]

What time is Ben's speech tomorrow?

10:00am Fed Chairman Bernanke Speaks

[Cobra]

let's see if the 3rd time is the charm, the previous intraday pullbacks were all one legged. So should be this time a little different?

[Me XMan]

My SPY short is doing well...

[AK84]

APPLE is down "only" 1,7 %, it looks they don t need Steve too much

they do ....but Tim Cook knows how to run the show. Steve is going to be chairman so its not much of a change. just giivng the day to day ceo operations to Tim!

P-bar on AAPL 5 minute chart btw today to 365. Anyone else get that ?

[Al_Dente]

Same break SPY. But we should see a bounce here before SPY 116 support

http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[Cobra]

Hi Cobra,

I'm wondering why you thought the up move this morning wasn't sustainable. Thanks in advance, your blog has been a tremendous resource for learning!

too stretched up. we shouldn't have gap up at all this morning because we're on Earth.

[lazytrader]

APPLE is down "only" 1,7 %, it looks they don t need Steve too much

they do ....but Tim Cook knows how to run the show. Steve is going to be chairman so its not much of a change. just giivng the day to day ceo operations to Tim!

P-bar on AAPL 5 minute chart btw today to 365. Anyone else get that ?

They will rip AAPL tomorrow...watch out

[BullBear52x]

114 bulls, that's bears DT target.

[aleatoric]

Hi Cobra,

I'm wondering why you thought the up move this morning wasn't sustainable. Thanks in advance, your blog has been a tremendous resource for learning!

too stretched up. we shouldn't have gap up at all this morning because we're on Earth.

Makes sense. Thanks!

[jarbo456]

wow. no pause. trying to add more to my shorts with some sort of rebound, but we're getting nothing. dangerously low on the 5 minute RSI though.

[Cobra]

could be a rebound of some kind here then should be the 2nd leg down, this time it should be for real. let's see.

[jarbo456]

APPLE is down "only" 1,7 %, it looks they don t need Steve too much

they do ....but Tim Cook knows how to run the show. Steve is going to be chairman so its not much of a change. just giivng the day to day ceo operations to Tim!

P-bar on AAPL 5 minute chart btw today to 365. Anyone else get that ?

They will rip AAPL tomorrow...watch out

i do think aapl needs time to digest this news...and generally digest it bearishly. think i might have to give up on my appl calls at this point.

[Me XMan]

You know it's really bad when Buffet had to bail out BAC.
Gov't and Benny can't do it. It's death sentence for BAC now.

[jarbo456]

wow. no pause. trying to add more to my shorts with some sort of rebound, but we're getting nothing. dangerously low on the 5 minute RSI though.

rebound around s1 at 116.59.

[varaamo]

So as seekingknowledge mentioned, spotting this would be to look at unusually long candlestick tails?. So, in your intraday chart that you posted with this pattern, what timeframe is it showing? Because i checked on TOS platform, 1 min and 5 min charts, but couldn't find this phantom bar.

Thanks for sharing

I see quite a reference to phantom bars. I am new to it. Could anyone tell me it's candlestick definition. Or is it just a visible cue?

It's not a formal or official technical signal. It is simply what appears to be an abberation on the charts, which - these days - appears quite frequently. Essentially it amounts to a candlestick bar shooting either much higher or lower than the tick shows. In other words, the candle will show a sudden extreme price change which isn't reflected on the index...and it stays there. Any clearer?
GL.
A

[jarbo456]

could be a rebound of some kind here then should be the 2nd leg down, this time it should be for real. let's see.

cobra,

do you have any guidance in terms of how to measure the magnitude of short term counter trends?

[barbaragull]

Wow, will VIX go to new high?

[soku]

how is everybody doing? sry for being absent for a while. during earthquake, my office building was closed. i quickly ran to my beach house. then today they evacuate me again because of irene. it is damn hard to find a safe haven nowadays. nowhere to stay, so i have to come back.