09/22/2011 Intraday Watering

[stucap]

looks promising here, need a follow through the next bar to confirm the rebound.

bulls can't seem to get it going......algos are trying to jam it up....no momo followers....

[BullBear52x]

TICK registered -1125 this morning, new LOD my read will be Bears are getting more serious.

[AK84]

CNBC says 1120 and buyers should come in FWIW

Really ? CNBC is retarded. Please do not listen to anything they say. Watch on Mute only. And when Cramer comes on , throw your remote at your TV and blow it up

[uempel]

Reminder:

SPX16.png

1228 or 1128? Thanks.

Sorry, of course it's 1128...

[Cobra]

a little fib info since lots of people are asking for the rebound target.

this should be at least 2 legged down, so the very first rebound if any should be a sell.

noticed that RSP already decisively broke the very first support and approaching the 2nd one while SPY is till pretty much fighting the very first support. so the selling is broad based, just someone tries to hold a few heavy weighted stocks to make the indices look not bad. I assume AAPL is holding well, well, that's interesting, you cannot live without AAPL?

[SB73]

Cobra,

Wouldn't a short setup be here at the EMA 20 on the 5min resting at 1137.35?

[silkway]

Reminder:

SPX16.png

1228 or 1128? Thanks.

Sorry, of course it's 1128...

Thanks. I am always appreciated for your market analysis. It is amazing.

[Mr. T]

CNBC says 1120 and buyers should come in FWIW

Really ? CNBC is retarded. Please do not listen to anything they say. Watch on Mute only. And when Cramer comes on , throw your remote at your TV and blow it up

You know they used to blame that on the Nintendo Wii controllers coming lose....... but we all know the truth.

[agnosia]

Lol had a 2 point profit only to unable to take it because of TOS...

call them --- sometimes they make good on it.....

yeah i tried that once but they said no in the past because i use OCO bracket orders. regardless it's back and my stop wasn't taken out and profit taken.

[uempel]

CNBC says 1120 and buyers should come in FWIW

Really ? CNBC is retarded. Please do not listen to anything they say. Watch on Mute only. And when Cramer comes on , throw your remote at your TV and blow it up

AK84, don't know why CNBC likes Cramer, can't imagine viewers enjoy watching/listening when he's on. Presumably he has his fans. We also watch mute, switch on volume when Rick reports. Good Interview with Soros last night. He's really bearish.

[BullBear52x]

Just for entertainment only

[johnnywa]

1132 tough nut to crack

[jaijailyc]

I think we will breakdown later this afternoon after the daily moving average catches up (or technically down).

[johnnywa]

come on 1130 i wanna seethe roarin twenties

[cc2265]

Just for entertainment only

How do you think about UNG now? thanks.

[AK84]

CNBC says 1120 and buyers should come in FWIW

Really ? CNBC is retarded. Please do not listen to anything they say. Watch on Mute only. And when Cramer comes on , throw your remote at your TV and blow it up

AK84, don't know why CNBC likes Cramer, can't imagine viewers enjoy watching/listening when he's on. Presumably he has his fans. We also watch mute, switch on volume when Rick reports. Good Interview with Soros last night. He's really bearish.

Uempel,

I think there is no doubt that you are a SUPERB chartist! I know you are indian as am I (do u trade out of India or the US ?) Always been curious!

Love ur work ! and the market is falling apart as we speak!! 1121 should provide a good bounce!

[soku]

a little fib info since lots of people are asking for the rebound target.

this should be at least 2 legged down, so the very first rebound if any should be a sell.

noticed that RSP already decisively broke the very first support and approaching the 2nd one while SPY is till pretty much fighting the very first support. so the selling is broad based, just someone tries to hold a few heavy weighted stocks to make the indices look not bad. I assume AAPL is holding well, well, that's interesting, you cannot live without AAPL?

no, cannot live w/o aapl
i think there may be some correction. nothing big, maybe 370s

[Al_Dente]

should i buy or sell now?

You can't be a newbie
u must be a shill

[BullBear52x]

Just for entertainment only

How do you think about UNG now? thanks.

counter trend trading is risky business, I am waiting for the MACD to cross back bullish to start buying again, last one got stop out at 9.52. almost time to try again but not right now.

[StrikePrice]

CNBC says 1120 and buyers should come in FWIW

Really ? CNBC is retarded. Please do not listen to anything they say. Watch on Mute only. And when Cramer comes on , throw your remote at your TV and blow it up

AK84, don't know why CNBC likes Cramer, can't imagine viewers enjoy watching/listening when he's on. Presumably he has his fans. We also watch mute, switch on volume when Rick reports. Good Interview with Soros last night. He's really bearish.

NPR was asking this morning, "What defines a market crash?" We all saw the techs breaking down starting Wednesday with the negative divergence at 1220. This swift a move should provide a positive divergence when we get below 1102 coming up. With the media talking crash and the technicals screaming buy, dipping the toe in long down between 1050 and 1100 might prove to get a strong bounce before the next wave of selling next year.