11/02/2011 Intraday Watering

[Cobra]

cobra,
are FOMC days considered trend changing days i.e. till yesterday we were in a down channel. and then today on FOMC we turned green so more upside?

no I don't have statistics saying FOMC might be the pivot day. I only know it's bullish.

[pidge66]

here, let me explain why the chart looks a little bearish biased to me.

1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.

so i see the current up as the final revisit the day's high before the actual rollover.

of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.

Cobra,

In your opinion, when does a bear flag ceases to be a bear flag? 4 push ups? Greater than 50% retracement? Exceeding certain time span?

[Al_Dente]

And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

http://www.youtube.com/watch?v=if-UzXIQ ... re=related

[wayne0708]

here, let me explain why the chart looks a little bearish biased to me.

1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.

so i see the current up as the final revisit the day's high before the actual rollover.

of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.

Cobra: thanks for visual clarification. pic means thou$and word$.

[Cobra]

here, let me explain why the chart looks a little bearish biased to me.

1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.

so i see the current up as the final revisit the day's high before the actual rollover.

of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.

Cobra,

In your opinion, when does a bear flag ceases to be a bear flag? 4 push ups? Greater than 50% retracement? Exceeding certain time span?

sharply rise is the fastest way to eliminate the flag.

rise too large is another way.

there's no fixed rule. all depend on experiences.

[Cobra]

double bottom target reached.

[pidge66]

sharply rise is the fastest way to eliminate the flag.

rise too large is another way.

there's no fixed rule. all depend on experiences.

Thanks!

[BullBear52x]

And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

http://www.youtube.com/watch?v=if-UzXIQ ... re=related

Old man listen to REM?

[Rob]

NICE call's today

[BullBear52x]

If we closed above my yellow line here I'll be in cash tonight.

[Al_Dente]

And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365
http://www.youtube.com/watch?v=if-UzXIQ ... re=related

Old man listen to REM?

Dude, who u callin old?
http://www.youtube.com/watch?v=KeY1cXY_xn0

[BullBear52x]

And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365
http://www.youtube.com/watch?v=if-UzXIQ ... re=related

Old man listen to REM?

Dude, who u callin old?
http://www.youtube.com/watch?v=KeY1cXY_xn0

ah ha Beyonce got lots of energy that's all I got to say.

the evil is talking to me heheh... come to papa

[fehro]

possible red channel.. possible bear flag... (green)

[DRL]

If we closed above my yellow line here I'll be in cash tonight.

How do you determine your yellow lines?

[LOSER]

Cobra's view is very informative. It makes me stay calm.

[BullBear52x]

If we closed above my yellow line here I'll be in cash tonight.

How do you determine your yellow lines?

intraday support/resistance based on moving average of 200ma 1min.

[hutongerchuanzi]

double bottom target reached.

this is a great call! Thank you so much!

[tdo722]

very large negative d on 1min if we hit new high. come on hurry the hell up.

[jarbo456]

cobra, is your bearish bias extending into tomorrow barring a ridiculous runup breakout of the bear flag?

[Cobra]

cobra, is your bearish bias extending into tomorrow barring a ridiculous runup breakout of the bear flag?

a strong close today would make me bearish. looks like it's not so. not fun.