10/19/2011 Intraday Watering

[stockcycle]

Looks like SPX is in consolidation above the support line. The 1233 may be revisited today.

[jarbo456]

Euro and /DX both broke out of their respective flags. Bear flag on EUR/USD and bull flag on /dx. let's see if they can complete the breakout on this 5 minute candlestick.

[BullBear52x]

---DOOM PATTERN---

Nice analog, I still think that will play out but would not lay my bet that long out.

[tdo722]

---DOOM PATTERN---

Nice analog, I still think that will play out but would not lay my bet that long out.

SHTF sooner or later.

In the mean time, I want to ride it to 1300 spx and if spx ever chop down half way below 700 again. I'll sell everything and put it into the stock market. I can't believe I missed the 666 level.

[jarbo456]

Euro and /DX both broke out of their respective flags. Bear flag on EUR/USD and bull flag on /dx. let's see if they can complete the breakout on this 5 minute candlestick.

[soku]

here is my chart on eur/usd from yesterday. red lines are my prediction. the upside is slightly over for the last movement. noted the div between spx and eur on the "faked" news. spx hit 1230 which is the last peak, while eur is kinda forming a right shoulder.
anyway , my next leg is pointing at 1.353 area which is 61.8%, and it could possibly go below 1.32. The blue line is newly added today. in case of some dramatic eu deal, it could be the blue case to blow off the top at 1.39.
it's hard to live w/o jing. don't like freestockcharts.

[bonzodon]

Want to buy tvix below 1220. Or buy FAS above 1233. What the experts say?

[StrikePrice]

Looks to me like the Bulls didn't get the squeeze they were hoping for. I guess there's still time but I'll stay Bearish and hope for a breakdown rather than up of this flag pattern.

[jarbo456]

here is my chart on eur/usd from yesterday. red lines are my prediction. the upside is slightly over for the last movement. noted the div between spx and eur on the "faked" news. spx hit 1230 which is the last peak, while eur is kinda forming a right shoulder.
anyway , my next leg is pointing at 1.353 area which is 61.8%, and it could possibly go below 1.32. The blue line is newly added today. in case of some dramatic eu deal, it could be the blue case to blow off the top at 1.39.
it's hard to live w/o jing. don't like freestockcharts.

getting similar results but different fib levels. where are you drawing your retracement from?

[CMT]

Bought SDS 21.29, stop 20.97

good luck sir. me waiting to buy sds too.

By the way, do you mind sharing how u come up with $20.97 stop loss? Is it a calculated guess for spx 1235?

It is extremely basic on this one, we used 1236 near the late Aug high... as anything higher is either a whipsaw or the famous "galaxy far far away"

[Al_Dente]

Euro and /DX both broke out of their respective flags. Bear flag on EUR/USD and bull flag on /dx. let's see if they can complete the breakout on this 5 minute candlestick.

thx jar
am listening 2 rumoring again re EU “plan”
u see those “lobster claws” on a/d, no dominance yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

[Bencat]

looks like there are more bears than bulls here today!

[tdo722]

Bought SDS 21.29, stop 20.97

good luck sir. me waiting to buy sds too.

By the way, do you mind sharing how u come up with $20.97 stop loss? Is it a calculated guess for spx 1235?

It is extremely basic on this one, we used 1236 near the late Aug high... as anything higher is either a whipsaw or the famous "galaxy far far away"

Thanks!

[uempel]

Check the green cycle - not yet sure which direction the market will go... Bulls didn't manage to break 1230 so far, so my first guess is down

[Cobra]

the only thing I see potentially bearish is 3 push up. here's an evil plan, subject to change at any time. it's really just a guess, wild-est-est-est kind of guess, because today's slow day, so have to make something fun to watch. let's see.

[jarbo456]

Euro and /DX both broke out of their respective flags. Bear flag on EUR/USD and bull flag on /dx. let's see if they can complete the breakout on this 5 minute candlestick.

thx jar
am listening 2 rumoring again re EU “plan”
u see those “lobster claws” on a/d, no dominance yet
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =246007758

just as a quick update, eur is back in the flag channel but barely holding on.

lobster claws are delicious, but never make us money....-_-

[stockcycle]

Looks like SPX is in consolidation above the support line. The 1233 may be revisited today.

However Bulls look tired. Today may be the day of Bears.

[tdo722]

Bought SDS 21.29, stop 20.97

good luck sir. me waiting to buy sds too.

By the way, do you mind sharing how u come up with $20.97 stop loss? Is it a calculated guess for spx 1235?

It is extremely basic on this one, we used 1236 near the late Aug high... as anything higher is either a whipsaw or the famous "galaxy far far away"

Thanks!

Wow, look at SDS. $21.45 now. Geez. Maybe I should have some balls and just close my eyes and bet.

[mac769]

market is working hard to get those buy stops triggered. really, really hard. i'm not seeing much confirmation in the euro/usd or /dx. at these SPY and /ES levels we should be at least revisiting the euro highs from around this morning at 3856 and or the /dx lows around 76.86. same for TLT which is off it's morning lows of 114.22. vix also off it's lows of 31.91 from 9am this morning.

bulls are bullying...

the harder they try, the harder they fall

[MrMiyagi]

Looks like SPX is in consolidation above the support line. The 1233 may be revisited today.

However Bulls look tired. Today may be the day of Bears.

I've been thinking that 6/7 sessions but here we are..