09/01/2011 Intraday Watering

[uempel]

uempel, could you post the same 377 plot for now? (to better compare against the 2000 case).

I'm a nice guy today - but please subscribe to stockcharts, it hardly costs anything... (I hope Chip Anderson does not read this...)

[KENA]

One quick one befor I workout..The Dorsey Wright Point & Figure charts are all in green except 2 items.This indicates mkt in up trend.The NYSI is showing buy conditions.Of course all this can change.I am only short spy for short term .This can also change.We have to see what the mkt does over the next few days or houres.I can't find any stocks to buy.Most are all high and waiting for pull back.Not good risk levels.Enough..I need to work out to feel better.Later.

[Al_Dente]

SPX:UUP

http://99ercharts.blogspot.com/2011/09/spxuup.html

99er and Auger,
Thank you both.
I have to work on it later on. On Flexible grid, I could put $SPX and UUP together as to seperate charts. UUP looks like a flat line, Dead on arrival ( DOA).
On Prophet chart , I was able to clone it but hard to see two charts side by side.
Stockcharts is much nicer but I am not a member, it does not go in detail.
I'll work on it on this weekend.

uup flatlines also on stockcharts when we choose "performance" (ratio?). Have to compare uup using regular price, not performance. But we can run performance on spy with performance iwm, performance bkx, etc in background overlay...... THEN overlay regular price uup

[uempel]

Our friend 99 would write: Honey, diamonds are forever

Diamond.png

diamond top right?

No, it's a 1 minute chart and it's a low. But these formations on the 1 min don't have significance - unless you're into highspeed trading

[frankthetank]

look at the one month day chart its right up against the bolliger band and a red candles are forming. The highest volume was the last red candle. This thing going up on no volume.

[BullTart]

Starting to run out of wiggle room here... sma's lining up altogether. First move may be a false move, followed by the real move in the opposite direction. Be careful!

[jarbo456]

look at the one month day chart its right up against the bolliger band and a red candles are forming. The highest volume was the last red candle. This thing going up on no volume.

bears are so freak'n weak. sell signal, fail. sell signal, fail. three times already.

at the same time, the bulls can't see to get beyond the vwap level on any of the charts. this is the third attempt to get and sustain prices above it.

[99er]

RUT
Update.
http://99ercharts.blogspot.com/2011/09/rut.html

[JJS612]

uempel, could you post the same 377 plot for now? (to better compare against the 2000 case).

I'm a nice guy today - but please subscribe to stockcharts, it hardly costs anything... (I hope Chip Anderson does not read this...)

MA3772011.png

uempel, not really wanting to make you repeat yourself, but can you give a quick summary of the importance of the 377 moving average and what implication is of the cross above it. Many thanks.

[jarbo456]

Starting to run out of wiggle room here... sma's lining up altogether. First move may be a false move, followed by the real move in the opposite direction. Be careful!

looks like it should be a break to the upside though, no?

[uempel]

look at the one month day chart its right up against the bolliger band and a red candles are forming. The highest volume was the last red candle. This thing going up on no volume.

bears are so freak'n weak. sell signal, fail. sell signal, fail. three times already.

at the same time, the bulls can't see to get beyond the vwap level on any of the charts. this is the third attempt to get and sustain prices above it.

I believe big-boys are slowly unloading. That's why nothing happens. My take of the market (without data to confirm): being above MA 377 (which is a bullish signal) is a great area to unload...

[frankthetank]

float like a butterfly. The market can only float up so long without any real news to take it higher...to me upside room is very little at this point and probably getting ready to fill the gap down too 1180. This would actually be good for the market... to get going up again.

[Tabby]

Al Dente,
Thanks for reply; This is what I post earlier,
http://stockcharts.com/h-sc/ui?s=$SPX&p ... 3425484615
There are some charts shows than others but setting needs to be adjusted. Not crafty with charts.Thanks a lot.

SPX:UUP
uup flatlines also on stockcharts when we choose "performance" (ratio?). Have to compare uup using regular price, not performance. But we can run performance on spy with performance iwm, performance bkx, etc in background overlay...... THEN overlay regular price uup

[frankthetank]

the 12:30 15minute candle was the highest volume of the day and its red big time

[Cobra]

labor day seasonality.

[StrikePrice]

I posted this chart yesterday on Cobra's blog. It shows market action in October/November 2000 at the MA 377. Looking at today's action it well could be the scenario for the next few days...

2000.png

Great chart. I love historical comparisons. It would make a lot of sense if things play out like this from here. If September is a red month, the chances October is red is highly unlikely. I still think we end the year in the S&P 1250-1300 range but movement similar to this chart might get me to lower it to the 1200-1250 range.

I'd like to see a bottom in February 2012 in the 1050-1100 range.

[cougar]

Intra-day: “algo-trend” is still down.
Sorry...no graphics.

[frankthetank]

isnt weird to get peak volume on a candle over lunch hour? usually thats slow time

[uempel]

uempel, could you post the same 377 plot for now? (to better compare against the 2000 case).

I'm a nice guy today - but please subscribe to stockcharts, it hardly costs anything... (I hope Chip Anderson does not read this...)

The attachment MA3772011.png is no longer available

uempel, not really wanting to make you repeat yourself, but can you give a quick summary of the importance of the 377 moving average and what implication is of the cross above it. Many thanks.

JJS612, the MA 377 is kind of a model student, shows hardly ever wrong signals. What's going on now might be a bull-trap, I don't know. I've got a smallish short position and I am in wait-and-see mode.

[Al_Dente]

Al Dente,
Thanks for reply; This is what I post earlier,
http://stockcharts.com/h-sc/ui?s=$SPX&p ... 3425484615
There are some charts shows than others but setting needs to be adjusted. Not crafty with charts.Thanks a lot.

SPX:UUP
uup flatlines also on stockcharts when we choose "performance" (ratio?). Have to compare uup using regular price, not performance. But we can run performance on spy with performance iwm, performance bkx, etc in background overlay...... THEN overlay regular price uup

Here’s an example comparing performance sso (spy), uwm, q, fas, then PRICE (not performance) dollar behind. (I use udn behind longs, and uup behind shorts). It may not be mathematically correct, but it is VISUALLY correct.

http://stockcharts.com/h-sc/ui?s=SSO&p= ... =242930970