10/20/2011 Intraday Watering

[agnosia]

spx bounced exactly off of 60 ema on the hourly again. guess that's it for today's drop?

[BullBear52x]

TNA update

[jarbo456]

did anyone see this ZH article? posted on Saturday 10/15 - http://www.zerohedge.com/news/biggest-m ... d-sp-surge

basically says that the 9 day runup, on the back of euro strength, could have been due to the repatriation of euro currency.

we have a supportive report in the WSJ owned Marketwatch here: http://blogs.marketwatch.com/thetell/20 ... near-1-20/

...only 5 days later. -_-

anyone find this interesting?

[cougar]

SPY and TVIX suggested simultaneously that the LOD might be in:

[uempel]

Michelle, your chart is still on a buy:

[Cobra]

L2 or L1 short on EMA20. Let's see.

[tdo722]

TNA update

don't think we'll get there but will see. your XLF is in a 3 falling candlestick pattern.

[Al_Dente]

did anyone see this ZH article? posted on Saturday 10/15 - http://www.zerohedge.com/news/biggest-m ... d-sp-surge
basically says that the 9 day runup, on the back of euro strength, could have been due to the repatriation of euro currency.
we have a supportive report in the WSJ owned Marketwatch here: http://blogs.marketwatch.com/thetell/20 ... near-1-20/ ...only 5 days later. -_- anyone find this interesting?

jarbo, translate please, for newbies, and, you know, others

[StrikePrice]

is there any chance this market will visit the high again in short term?

With so much overhead resistance I think that's highly unlikely but as along as 1187 pivot area holds a positive news event could make it happen. In other words, it's a crap shoot, how good are you at rolling the dice?

[jarbo456]

p bar reached...

coincides with TLT day high, /dx day and overnight high, and eur/usd day and overnight low.

[waverider]

Is anyone else shorting gold on a drop under 1600?

[alvian33]

we just touched the p-bar

[Michelle]

Michelle, your chart is still on a buy:

AD.png

Waiting to see if the market still has some room to the upside.

[BullBear52x]

TNA update

don't think we'll get there but will see. your XLF is in a 3 falling candlestick pattern.

120 could still make good support on SPY time to search for divergence. not bullish by any mean.

[silicon_beaver]

could we say the p-bar reached?

D@mn, the p-bar reached but FAS 11.8 still not filled (SPY120.0). ohwell.

[tdo722]

spy 119.20 minimum. that's my target. who's with me?

[rocstocktrader]

Naz has open gap up measuring down to 2,512.

http://stk.ly/qYFCaS

[spuderik]

anyone watching copper? it looks like it is doing skydiving.

Dr. copper is a must to follow for real economy indication. not what my uncle Ben say.

Yeah, at 3.20 support now, but could go down to 2.40 (P&F show this, so do Fibs). Let's see if support holds.

Copper futures are flashing 3.054 now. Only 2% away from re-testing the lows! Yet the S&P is still 11% off its lows. Interesting divergence taking place between the two.

Spuderik, we talked (talked?) about cu in the very early morning. This divergence is interesting, and if cu does not form a double bottom it will go down another 20%. Difficult to understand if SPX is up at 1200 if cu were to go down at 2.40. Something fishy here. No, no, not fishy. This is Cobra's blog, snaky must be the right word!

My wild guess: cu wild hold at 3 and SPX will hold at 1190/1200...

Recent major bottoms have seen copper bottom before SPY, so in that light I find the recent copper move very disturbing for my bullish (weeks) case, and supportive of my bearish (days) case. Also, long term chart of CRB and one year chart spell out a very bearish case. In particular, we are still in a lower high lower low monthly pattern, and the long term H&S pattern in CRB is very ominous.

[simpletrader]

is there any chance this market will visit the high again in short term?

With so much overhead resistance I think that's highly unlikely but as along as 1187 pivot area holds a positive news event could make it happen. In other words, it's a crap shoot, how good are you at rolling the dice?

VIX rises to 50sma already, but spx is way above 50sma, don't know what is indication,

[Al_Dente]

As tina fey said on sat nite live “beaaaatch, we can’t get more alert”
juiced bear music http://www.youtube.com/watch?v=0WUdlaLWSVM

bear internals confirmed again….. SH here (no spy)
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246012600