09/14/2011 Intraday Watering

[qtipped]

target reached, still think there should be a pullback of some kind here.

on the weekly candle sticks 118 is a pretty strong resistance.

[MajorEasy]

bullish but just barely bullish
3,000 tick bar

[KENA]

I can't see the mkt pushing up much.The Futures are still red and the USD is up .23.Anything can happen so wait and see.

[Tabby]

You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

That was excatly my thoughts. How come all these who don't like cummunism, they ask for help from China.Obviously capitalist don't know how to check and balance.

I love my country, however, the nature of capitalism is to allow all to take the path of maximum wealth. Unfortunately, it allowed complex
financial structures that few understood and it allowed many to become too wealthy too soon (buying large homes that were out of their price range).

The collapse was inevitable as we lost our manufacturing base and we lost jobs to other countries in the past 10+ years.

Ironically, the SPX has gone nowhere since 2000.

Your country is my country too and I love it as well but I don't understand when everything fails why U.S, Italy , Greece and etc are all heading to China to borrow money? Something is wrong in this equation. If China decides not bailout , who else will be?

[BullBear52x]

You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

That was excatly my thoughts. How come all these who don't like cummunism, they ask for help from China.Obviously capitalist don't know how to check and balance.

I love my country, however, the nature of capitalism is to allow all to take the path of maximum wealth. Unfortunately, it allowed complex
financial structures that few understood and it allowed many to become too wealthy too soon (buying large homes that were out of their price range).

The collapse was inevitable as we lost our manufacturing base and we lost jobs to other countries in the past 10+ years.

Ironically, the SPX has gone nowhere since 2000.

Your country is my country too and I love it as well but I don't understand when everything fails why U.S, Italy , Greece and etc are all heading to China to borrow money? Something is wrong in this equation. If China decides not bailout , who else will be?

China just say no to Spain.

[Al_Dente]

The bears like this chart … I mean the bulls
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

[waverider]

You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

That was excatly my thoughts. How come all these who don't like cummunism, they ask for help from China.Obviously capitalist don't know how to check and balance.

I love my country, however, the nature of capitalism is to allow all to take the path of maximum wealth. Unfortunately, it allowed complex
financial structures that few understood and it allowed many to become too wealthy too soon (buying large homes that were out of their price range).

The collapse was inevitable as we lost our manufacturing base and we lost jobs to other countries in the past 10+ years.

Ironically, the SPX has gone nowhere since 2000.

It's not capitalistm in general, it's the american financial institutions that should have restricted leverage, and paid their creative employees based on their performance. Hence taking on less risk and trading, perhaps as if it was their own account.

Anyways picked up some TNA at 41.1 and sold @41.79 after it went sideways @42. Perhaps too early but no ones ever lost money taking a profit.

Thanks for the great charts Cobra and all

[laoguo]

where is heavenskrow?

[BullBear52x]

The bears like this chart … I mean the bulls
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Bulls can not afford a daily Doji, RED or Black can dle of any form.

[bushwaffle]

did we just get lower high on 5min, 3 push up? Pullback now?

[99er]

Update

Copper http://99ercharts.blogspot.com/2011/09/copper_14.html
Crude http://99ercharts.blogspot.com/2011/09/crude_14.html

[KENA]

It looks like right now the mkt direction is all about Europe and the telephone call between the countries taking place now.I guess we are the tail of the dog.Whatever that saying is.

[99er]

Update

Gold http://99ercharts.blogspot.com/2011/09/gold_14.html
Silver http://99ercharts.blogspot.com/2011/09/silver_14.html

[proteus46]

You know our world is changing when you see the capitalists societies turns to communist China for hand outs.

That was excatly my thoughts. How come all these who don't like cummunism, they ask for help from China.Obviously capitalist don't know how to check and balance.

I love my country, however, the nature of capitalism is to allow all to take the path of maximum wealth. Unfortunately, it allowed complex
financial structures that few understood and it allowed many to become too wealthy too soon (buying large homes that were out of their price range).

The collapse was inevitable as we lost our manufacturing base and we lost jobs to other countries in the past 10+ years.

Ironically, the SPX has gone nowhere since 2000.

Your country is my country too and I love it as well but I don't understand when everything fails why U.S, Italy , Greece and etc are all heading to China to borrow money? Something is wrong in this equation. If China decides not bailout , who else will be?

China just say no to Spain.

China has recently told a lot of countries to get their house in order. They won't sacrifice their own country to save the world. So either, the world
will change, meaning, accept less wealth and drop their standard of living or riots may grow towards revolutions.

[heavenskrow]

where is heavenskrow?

right here sitting in slight pain!
Nasdaq 100 is about to break some big resistance.

[Cobra]

no comments, let's see how this 3rd push up goes.

[BullTart]

Approaching a very important point here... failed at the first attempt.

Bulls need to break through this resistance to set a new trend upwards. Let's see if they can do it.

Still holding long TVIX positions from yesterday- if we blow through this resistance on volume, will be forced to close my positions.

[99er]

SPX
http://99ercharts.blogspot.com/2011/09/spx_4727.html

"Ou est le vroom?"

[BullBear52x]

Ironically, the SPX has gone nowhere since 2000.[/quote]
Your country is my country too and I love it as well but I don't understand when everything fails why U.S, Italy , Greece and etc are all heading to China to borrow money? Something is wrong in this equation. If China decides not bailout , who else will be?[/quote]
China just say no to Spain.[/quote]

China has recently told a lot of countries to get their house in order. They won't sacrifice their own country to save the world. So either, the world
will change, meaning, accept less wealth and drop their standard of living or riots may grow towards revolutions.[/quote]
Spain is too big to fail, over 100 million people. Greece is dingy problem in comparison.

[laoguo]

where is heavenskrow?

right here sitting in slight pain!
Nasdaq 100 is about to break some big resistance.

I see a neg div on SPY 30min, and H&S on 5min. Hope your pain will ease soon.
BTW, I read your blog; very intuitive!