10/27/2011 Intraday Watering

[BullBear52x]

this is an adjusted trend line. still I don't remember I ever see a day that didn't touch the EMA20 a little bit.

speechless per si? it will

[silicon_beaver]

not close. intra-day.

[99er]

Tabby

No offense. I was thinking about #OWS.

Plus ca change...

[MrMiyagi]

SPY selling on strength is 424 million $, that is significant in my opinion but of course it may not mean f all.

[KENA]

Who ever was asking about P Bars I have 3 on the screen all dn to 124.31..BUTTTT don't count on it 100%

[Cobra]

Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?

first of all route A is for intermediate-term.

higher high is for tomorrow, guaranteed.

short-term, normally we'll see pullback. just normally. there's always exception.

Why is higher high guaranteed tomorrow?

You don't read my daily report do you?

I did read your report, you said yesterday "Up huge tomorrow to make a decisive new high then most likely would fall back the day after tomorrow", that means tomorrow Friday market would pull back, so I was surprise when you said tomorrow is guaranteed higher high.

I see, thanks. But higher high tomorrow doesn't mean higher close, right? I've also explained a lot in the past. Same as lower low, I say I expect a lower low the next day, it's always fulfilled, but I didn't say lower close. It's different.

[BullBear52x]

here is my money line lets roll the dice.

[tdo722]

anyone see that? 129.42 is the high of day. that is 8 pennies away from 161.8% of wave 1 from 119.82 to 125.80. amazin fib ratio. always rock.

now expected target is 126.67 to 125.82. Let's see how far this pullback will go ladies and gents.

[Cobra]

finally we touched EMA20, I thought I finally could see such a day once in my life time.

[Tabby]

Tabby

No offense. I was thinking about #OWS.

Plus ca change...

none taken. You are my Wolfe wave buddy/teacher. I won't get mad at my teacher.I get even. just kidding.
BTW, what index do you watch for EDC/EDZ 20% changes in these two etfs today.

[PRI]

It is the euro.

[tdo722]

Ship taking on water?

EUR/USD rolling over...

negative divergence forming on 1min. warning, mayday mayday...

wee, i knew i was right.

[michelangelo]

Here we go. Waiting for a pullback and I'm shorting this thing.

[EvilTrader]

Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.

AF4.png

Forget fundamentals for short-term trading.

If its public information, its probably already priced in.

[Cobra]

SPY selling on strength is 424 million $, that is significant in my opinion but of course it may not mean f all.

again, I won't read much until the close and more often than not, it took several days to work.

[MrMiyagi]

Hey Cobra, what is that Google bot/Yahoo bot stuff in the list at the bottom?

[uempel]

Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...

Today my charts were traps. Hope nobody was mislead.

AF4.png

Your charts are nice. I think you draw your red fork prematurely.

Tks, and yes, I use it here as an instrument to pinpoint possible highs. Do the same with Fibs. Normally it works quite well, but today was special

[SB73]

watch the kick save...everyday it has worked

[ultramarine]

Doji on the daily today?

[janez]

bears finally get a chance to take a breath from deep under water ? lol