10/27/2011 Intraday Watering

[SB73]

Adding to short position here. Tighten stop on previous position.

Target SPX 1255 Stop 1282

[grachu]

thanks cobra . I learned my lesson . don't upfront the market. I am stuck on a huge postion short.

[pady]

I feel a flat ( or irregular ) is playing out now.

[Dow Trader]

Kiss and bye !!! or just to Fib retracment !!!

[BullBear52x]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

Man, you used RSI 5 on the daly and had a bearish divergence. I almost fell for that but then I changed it to original RSI 14 for the daily chart and that bearish divergence went a way. Otherwise I would have did the unthinkable and loaded heavy short.

I know, who doesn't fall for yesterday candle also? they are out to get the smartest guy on the street, so be dumb, as dumb as you can be here is my 1min standard price pay intraday don't sell unless it trade lower on my money line.

spy.JPG (36.31 KiB) Viewed 3526 times

[newbie_77]

took position on 129-130 SPY spread for expiring tomorrow for .20 credit
long SPXU @13.60 [i don't plan on putting any stop on this one.. probably double my positions @ SPY 132 and 136 ]

[uempel]

These last days this chart was reliable and lucrative:

[wishful]

volume surge, biggest bar, so could be a little exhaustion, hopefully a pullback of some kind here.

RYT/IWM still half inch away 200 MA, or 8/04 gap, will it catch up too?

[tigerwang9999]

folks, sorry, i am a newbie.. after a major distribution day, will the market fall next day? or have to be after 2 distribution day, then the market fall?

[Cobra]

consolidation above OR high is good, could see more up.

[tdo722]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

Man, you used RSI 5 on the daly and had a bearish divergence. I almost fell for that but then I changed it to original RSI 14 for the daily chart and that bearish divergence went a way. Otherwise I would have did the unthinkable and loaded heavy short.

I know, who doesn't fall for yesterday candle also? they are out to get the smartest guy on the street, so be dumb, as dumb as you can be here is my 1min standard price pay intraday don't sell unless it trade lower on my money line.

spy.JPG

yesterday daily candle on the SPY chart is a northern doji and not a southern doji. That means it's a reversal of the current trend. The current trend at that moment was down so that candle means reversal to the upside.

[Denali92]

Watch Eur USD here - it cleared out the stops above 1.42 and is pulling back a little - it like everything else is hugely stretched.... but its failure to pull back earlier hinted that the market was not quite ready to stop going up - a move back below 1.4170 should be watched carefully.

-D

[mac769]

Time to buy shorts !

This remembers me of the old saying "Never try to catch a falling knife"

todays quote imho is a bit different:

"Never try to catch a starting rocket"

<script src='http://img412.imageshack.us/shareable/? ... h.png&p=tl' type='text/javascript'></script><noscript></noscript>

[Harapa]

Bears should be scared. Look at the breakout of blue trend line on TRIN.

[Cobra]

folks, sorry, i am a newbie.. after a major distribution day, will the market fall next day? or have to be after 2 distribution day, then the market fall?

first of all, welcome aboard.

2ndly, today is Major Accumulation Day, not Major Distribution Day.

The next day after MDD is a little bullish biased.

No statistics about the next day after MAD.

2 MDD means intermediate-term down but may see huge rebound first.

if you're newbie in trading, then forget about all those rules. all you need is to know trend is up or down.

[pady]

5th of 5th wave to 1285 ?

[Al_Dente]

For Dr. Copper’s fans: JJC demonstrated a “Gann Rule of 4” in action.
From now on, one could simply play the limits of the Regression Channel (+/-1SD):

Cougar, thanks 4 yr JJC chart: here is my long term weekly PERFORMANCE copper chart
replaced FXI with hong kong $HSI, added spot $COPPER, etc still tinkering adding IDX/EPU, hamstrung by stockcharts stingy space….
may not be the “right” view yet, but at this moment is right 4 me…. Helped me see who calls the shots on SPX bottoms/tops, and helped me see that JJC may be lying to us, as it performs more like SPX and less like copper (I also see this JJC lie in intraday 15min performance charts)….your comments appreciated
http://stockcharts.com/h-sc/ui?s=ECH&p= ... =246944930

[BullBear52x]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

Man, you used RSI 5 on the daly and had a bearish divergence. I almost fell for that but then I changed it to original RSI 14 for the daily chart and that bearish divergence went a way. Otherwise I would have did the unthinkable and loaded heavy short.

I know, who doesn't fall for yesterday candle also? they are out to get the smartest guy on the street, so be dumb, as dumb as you can be here is my 1min standard price pay intraday don't sell unless it trade lower on my money line.

spy.JPG

yesterday daily candle on the SPY chart is a northern doji and not a southern doji. That means it's a reversal of the current trend. The current trend at that moment was down so that candle means reversal to the upside.

Thanks whatever it is I am wrong on reading it.
yest's Hi is lower than Tuesday's Hi that's why I fall for it, well, if you lose money through your own fault you can blame Cobra

[pady]

Ascending triangle ( sort of ) of height 0.3 in SPY ?

[Petsamo]

Ascending triangle ( sort of ) of height 0.3 in SPY ?

I see a micro-wedge on SPY 1 min