09/26/2011 Intraday Watering

Post by **Cobra** » Mon Sep 26, 2011 10:51 am

lqiantobe wrote:corba~ do you think there is no rebound today?

consolidate now, let's see how the market resolve first.

uempel · Post by **uempel** » Mon Sep 26, 2011 10:53 am

uempel wrote:Today ain't my day and I'm bored. I'm off for today
The attachment SPX4.png is no longer available

Last post, check the blue cycle with the yellow dots. Exact time? - close-up shows 11.20 am. Direction - I don't know.

Al_Dente · Post by **Al_Dente** » Mon Sep 26, 2011 10:57 am

Sweeping reversal across all internals… now turning again. I don’t trust the bulls here, I don’t trust the bears, only the internals
For followers of the internals: I’ve overlaid $NYADV (purple) on top of faded SPY candlesticks, so it leaps out clearly.
($NYADV = the actual number of stocks/issues advancing -- not even unchanged…only advancing…ticking up…tick by tick)
Note Friday at 2:01 SPY made a new HOD (high on day). But a peek behind the curtain showed that fewer stocks were participating at the high, suggesting a bit of weakness, and making us suspicious.
VIX simultaneously confirmed suspicion… $TICK (with noise filtered out) went neg…. on a fresh HOD ????? mmmmm…. and bonds and dollar were quietly BEAR SPY all day fri (but we never expect bonds and dollar to move in exact unison with/against SPY, we care more for their direction).
Anyway, today the bulls/bears still have a way to go to prove who is in control
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244514321

stucap · Post by **stucap** » Mon Sep 26, 2011 10:58 am

stucap wrote:
soku wrote:nothing interesting. data as bad as rumor.
i think 1124 area will hold, but i am not sure if there is any serious reb. if 1124 broke, then next stop is 1110-1115.

1123.75 is ES daily pivot. Also bottom support of the channel in the ES formed by friday's overnight low and last night's overnight low. Seem to be a ton of buyers sitting there. First attempt around 1015am didn't even get there before they lined up to bust it up back to 1131. Second attempt got a quick peck on the cheek at 1040am. A third attempt at it would make sense, and it'll probably come quickly. It breaks? 1110 ES? It holds? 1160-1170?

Definitely A TON of pressure from the bots that want to close the gap from Friday morning.......

Did I say a TON? I really meant to say an ocean full of ES eating battleships.

heavenskrow · Post by **heavenskrow** » Mon Sep 26, 2011 10:59 am

Bonds reached peak of channel on the 22nd, and pulled back to middle channel line

BullBear52x · Post by **BullBear52x** » Mon Sep 26, 2011 11:00 am

UNG fans,
second try now in the money looking good trying to move over 5 dma now.

Post by **Cobra** » Mon Sep 26, 2011 11:04 am

Al_Dente wrote:Sweeping reversal across all internals… now turning again. I don’t trust the bulls here, I don’t trust the bears, only the internals
For followers of the internals: I’ve overlaid $NYADV (purple) on top of faded SPY candlesticks, so it leaps out clearly.
($NYADV = the actual number of stocks/issues advancing -- not even unchanged…only advancing…ticking up…tick by tick)
Note Friday at 2:01 SPY made a new HOD (high on day). But a peek behind the curtain showed that fewer stocks were participating at the high, suggesting a bit of weakness, and making us suspicious.
VIX simultaneously confirmed suspicion… $TICK (with noise filtered out) went neg…. on a fresh HOD ????? mmmmm…. and bonds and dollar were quietly BEAR SPY all day fri (but we never expect bonds and dollar to move in exact unison with/against SPY, we care more for their direction).
Anyway, today the bulls/bears still have a way to go to prove who is in control
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244514321

nice settings. I've collected all your settings, will do research.

thank.

stockcycle · Post by **stockcycle** » Mon Sep 26, 2011 11:07 am

I see EUR/USD bounced. It may be in a course of 3-4 days that normally supports equities.

cougar · Post by **cougar** » Mon Sep 26, 2011 11:09 am

SINA bounced at 88% extension = 77
Resistance now = 81.33 (78% extension)

heavenskrow · Post by **heavenskrow** » Mon Sep 26, 2011 11:09 am

boring

soku · Post by **soku** » Mon Sep 26, 2011 11:10 am

stucap wrote:
soku wrote:nothing interesting. data as bad as rumor.
i think 1124 area will hold, but i am not sure if there is any serious reb. if 1124 broke, then next stop is 1110-1115.

1123.75 is ES daily pivot. Also bottom support of the channel in the ES formed by friday's overnight low and last night's overnight low. Seem to be a ton of buyers sitting there. First attempt around 1015am didn't even get there before they lined up to bust it up back to 1131. Second attempt got a quick peck on the cheek at 1040am. A third attempt at it would make sense, and it'll probably come quickly. It breaks? 1110 ES? It holds? 1160-1170?

Definitely A TON of pressure from the bots that want to close the gap from Friday morning.......

recent movement created difficulty in cycle measurement. i guess we will see 1142-1144 for this reb.
add: i think the push is coming from forex market. i see buy bots in eur

StrikePrice · Post by **StrikePrice** » Mon Sep 26, 2011 11:13 am

So far trading TD Price Flips have been working out nicely in all this volatility. I've learned the hard way the best trades can be keeping things simple.

Clear line in the sand as I see it at the 1141.50 ish area. Going to hang on short for now but added to my long hedge down at 1132. What a gift that gap fill was for longs if we can make this a strong Bullish week. A lot of news is getting behind us and earnings now sit in front. Of course all ears are still trained toward Europe as any debt misstep will keep volatile selling strong.

AK84 · Post by **AK84** » Mon Sep 26, 2011 11:14 am

cougar wrote:SINA bounced at 88% extension = 77
Resistance now = 81.33 (78% extension)

Nice chart Cougar!! Thankss!!

heavenskrow · Post by **heavenskrow** » Mon Sep 26, 2011 11:15 am

If your bored, watch from 3:00
http://youtu.be/owH4vyyCeSA

One of the few hedge funds that are up 40%+ YTD, and although this was done in 09, I think it applies now

stucap · Post by **stucap** » Mon Sep 26, 2011 11:19 am

soku wrote:
stucap wrote:
soku wrote:nothing interesting. data as bad as rumor.
i think 1124 area will hold, but i am not sure if there is any serious reb. if 1124 broke, then next stop is 1110-1115.

1123.75 is ES daily pivot. Also bottom support of the channel in the ES formed by friday's overnight low and last night's overnight low. Seem to be a ton of buyers sitting there. First attempt around 1015am didn't even get there before they lined up to bust it up back to 1131. Second attempt got a quick peck on the cheek at 1040am. A third attempt at it would make sense, and it'll probably come quickly. It breaks? 1110 ES? It holds? 1160-1170?

Definitely A TON of pressure from the bots that want to close the gap from Friday morning.......
recent movement created difficulty in cycle measurement. i guess we will see 1142-1144 for this reb.
add: i think the push is coming from forex market. i see buy bots in eur

What makes this worse is I had an order sitting at 1123.75 and it didn't get filled

johnnywa · Post by **johnnywa** » Mon Sep 26, 2011 11:23 am

Cobra your line in the sand 1145

BullBear52x · Post by **BullBear52x** » Mon Sep 26, 2011 11:24 am

Qs is catching up now, well, Bullish it is. Dow is at new HOD

stockcycle · Post by **stockcycle** » Mon Sep 26, 2011 11:25 am

Slowly and carefully but bulls will make it a green day.

stockcycle · Post by **stockcycle** » Mon Sep 26, 2011 11:31 am

My value stock to consider is NVDA.

stucap · Post by **stucap** » Mon Sep 26, 2011 11:31 am

stockcycle wrote:Slowly and carefully but bulls will make it a green day.

you call the last hour slowly and carefully?

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09/26/2011 Intraday Watering

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