10/27/2011 Intraday Watering

[mac769]

SPX daily: Except the T2108 (someway eq. T2122) reading overbought. +DI15 and RSI14 are very bullish and not overbought.
I think with this bullish sentiment inspired from Euro debt-crisis deal, the SPX would make a consecutive 3 days rally before it may face any selling pressure from profit taking.

T2122 is a overbought as it was last time on August 31, then another slight upday followed and then reality set in...

with a drop in the $SPX from 1230 to 1140, not bad, so just be patient

because in this market, being early means the same as being wrong

[uempel]

60 min shows nice channel going back to August - looks like the channel was broken to the upside

[Cobra]

SPX daily: Except the T2108 (someway eq. T2122) reading overbought. +DI15 and RSI14 are very bullish and not overbought.
I think with this bullish sentiment inspired from Euro debt-crisis deal, the SPX would make a consecutive 3 days rally before it may face any selling pressure from profit taking.

T2122 is a overbought as it was last time on August 31, then another slight upday followed and then reality set in...

with a drop in the $SPX from 1230 to 1140, not bad, so just be patient

because in this market, being early means the same as being wrong

T2122 only gets updated 30 min after market close, so we don't where it is now.

[BullBear52x]

SPX daily: Except the T2108 (someway eq. T2122) reading overbought. +DI15 and RSI14 are very bullish and not overbought.
I think with this bullish sentiment inspired from Euro debt-crisis deal, the SPX would make a consecutive 3 days rally before it may face any selling pressure from profit taking.

T2122 is a overbought as it was last time on August 31, then another slight upday followed and then reality set in...

with a drop in the $SPX from 1230 to 1140, not bad, so just be patient

because in this market, being early means the same as being wrong

Well said," being early means the same as being wrong" or if counter trend is that easy everyone will do it.

[PLUNGE]

Honey, are you ready?

http://cdn1.static.mporatrons.com/photo ... 507C_l.jpg

You betcha!

Wow! Wahini hangin' 10+...neva look so good, Bra. Mo bettah we be Makai.

[Cobra]

60 min shows nice channel going back to August - looks like the channel was broken to the upside

PINKS&P.png

so are you going to cover your shorts?

[mac769]

new intraday high after 10:30am ET, so 90% chances Close > Open today. try not to fight the trend unless you know what you're doing.

Hi Cobra, just a small question, how can you get the VWAP being displayed on stockcharts.com?

thanks for all your work

[SB73]

We should see a breakdown here followed up with a push close to 1279, but 1279 is HOD IMO. Then my evil plan says 1 full week of selling for approx a 7% drop.

[ddd]

Referring to a daily chart, this market is going squeeze 90% of short positions entered since May 2, before a stop, and that will lead us to SPX > 1300. Then the bulls coming late to the party will push it to 1340 ~ 1350 area, before this leg (since Oct 4)of rally to end.

[Cobra]

new intraday high after 10:30am ET, so 90% chances Close > Open today. try not to fight the trend unless you know what you're doing.

Hi Cobra, just a small question, how can you get the VWAP being displayed on stockcharts.com?

thanks for all your work

i assume you mean the vwap readings, not the line, right.

just enable full quote.

if you mean vwap line, you can find it in overlay.

vwap useful? seems pople here likee.

[Al_Dente]

gold maybe rest now
scalper cross sell

[Be4chst]

Anyone care to comment on the megaphone pattern? Has it already been broken to the upside?

[stockcycle]

This statistic is for fun: Condition to screen SPX had a day down then up from 1-1.5% the next day (like yesterday) then up more than 2.5% (may be like today). Buy at close today (collum 3) and to see the next day (collum 4). The screening data from Jan 02 1950. We can see the 8/11 is the positive.

[dakuki]

I am astounded by how many people here can make so many assumptions of where they think the market has to go without truly substantiating their claims with any well-document charts, etc.

It seems like we are at in pit hole in some sort of medieval market-square.

Its a nuisance because there often are excellent contributions that get lost in the endless chatter. I would very much welcome a bit less postings but keep the well founded one coming!

[Cobra]

Anyone care to comment on the megaphone pattern? Has it already been broken to the upside?

i see it as unconfirmed.

[BullBear52x]

Anyone care to comment on the megaphone pattern? Has it already been broken to the upside?

I will put it a failed TOP megaphone confirmed or not. scrap it and move one to different identifiable pattern or new setting.IMO

[noob]

Anyone care to comment on the megaphone pattern? Has it already been broken to the upside?

i see it as unconfirmed.

Also yesterday Cobra said if huge up today, then it's a good chance of near term top because of overbought, still valid?

Based on the 3 push pattern, we'd see pull back, then re-test high but weaker before sizable drop. Is that the new evil plan?

[KENA]

I am astounded by how many people here can make so many assumptions of where they think the market has to go without truly substantiating their claims with any well-document charts, etc.

It seems like we are at in pit hole in some sort of medieval market-square.

Its a nuisance because there often are excellent contributions that get lost in the endless chatter. I would very much welcome a bit less postings but keep the well founded one coming!

AMEN

[BullBear52x]

UNG Fans, 8.88 is where I will try another attempt

[Cobra]

consolidation is bullish.