10/25/2011 Intraday Watering

[Cobra]

if you want to read it as back test of the triangle, fine. for me as long as the range market by green and red lines remain, then nothing interesting.

[pady]

shit, bear rally is so short lived.

That was just a wave 2 retrace of impulse C. I feel 122.5 is coming ( see cobra's triangle target ).

[99er]

Update

RUT http://99ercharts.blogspot.com/2011/10/rut_5710.html

And down we go.

[BullBear52x]

intraday bear flag break down.

[q2model]

if you want to read it as back test of the triangle, fine. for me as long as the range market by green and red lines remain, then nothing interesting.

The range day call was amazing, what made u to call a range day way early in the morning?

[SB73]

Possible descending triangle

[bobo]

If so, we may start to accelerate to the downside tomorrow given it is a New Moon and there is a Bradley model date on the 28th.

I believe we are in minor 2 of P3, but am unclear as to whether A up or C up just concluded. I believe some have us in C and in either (ii) or (iv) down. It strikes me that the rebound off the lows may have met the test for the conclusion of minor 2, but not the time element. Consequently, I think that perhaps A up has just concluded and we are looking at a B wave pullback. If so, C would have to truncate or we may blow right through the 200-day SMA.

Any thoughts?

I feel we are in a B which can take us to 1150-70 range ( 50-62% ).

[agnosia]

crude update. according to my 10:1 rule , i sold out of one contract of /cl for +1 at 94.30, got stopped out of the other one even. sell stop triggered 93.10 but i was stopped out for .10 loss. we closed at 93.17 today but i am unclear on which side to bet on at the moment leaning a tiny bit short biased... break below 92.80ish and will look to go short again.

[Cobra]

the 3rd touch to be, more likely the green line below won't hold.

[flight23]

I wouldnt call this a range day. We are down nearly 1% from the open and have given up all of yesterday's gains. If we had stayed between down .5% and 1.25% for the day then maybe, but we've broken below the initial range.

[jarbo456]

we might get a breakdown on SPY right here of what i think was more of an descending triangle started from this morning.

[Tabby]

Update

RUT http://99ercharts.blogspot.com/2011/10/rut_5710.html

And down we go.

We all need to driver monster trucks to get this bear rally going.
http://www.monstertrucks-uk.com/

[Unique]

122.8 for tomorrow looks good.

[Cobra]

breakdown as expected. maintain the target.

[StrikePrice]

Alternate Count looking better by the second.

Tomorrow should reveal a lot about how this market feels about going higher.

[pady]

Moved SL to 124.15

[Roadrunner]

Alternate Count looking better by the second.

Tomorrow should reveal a lot about how this market feels about going higher.

nice chart

[KENA]

How come you traders are complaining..I have had good short trading to day on the SPY and couple hrs ago went short MOS..Do researsh and then trade. Lets see.

[agnosia]

could be running stops here? i took a little long at 1228.5, stop 1227.5

[SB73]

Watch to see if we get a kick save into close. I think I have 5 straight days on record...too lazy to go back and look.