11/04/2011 Intraday Watering

[jarbo456]

ok, took one for the team....out of all....

nooooo...lol i just switched sides.

this market wants to fill the gap. EUR is leading this.

[trader0303]

do we care about /ES 200 Day MA, or just $SPX 200 Day MA?

[Al_Dente]

Bulls: u got yr squeeze in PG…AA…JNJ…DIS…XOM and more
U got your breakout here, and u now have one dow stock green (out of 30), and a hella wimpy tick at the moment
And u got nydec under 2000 first time all day
what more do you want….. blood?
http://stockcharts.com/h-sc/ui?s=$NYDEC ... listNum=15

[tdo722]

ok, took one for the team....out of all....

nooooo...lol i just switched sides.

this market wants to fill the gap. EUR is leading this.

now it's gonna roll over at spx 1251.

[flight23]

Today is weekly options expiration... Ive noticed over the past couple of months that Fridays tend to trade in a range during the day as a result. I doubt we break above or below the highs and lows made in the first 1.5 hours. My bet is we stay between 1240 and 1254 on the S&P.

[BullBear52x]

last chart This EURUSD longer term view, not bullish at all, it is what it is daytrade may cause health hazard

and here give my yellow line a respect.

[uempel]

To all those bears out there, check this chart. Look at the green trendlines/grid. Behaviour of SPX since October is different than in the previous instances, when a break of green was a sure sign of further declines. But this ain't the main reason for my bullishness - medium term momentum is still looking strong and is pointing upwards.

As to the next two weeks: If market does not improve and keeps on hanging around in the trading range 1215/1275, momentum will lose strength...

Guys, have a great weekend, I'm off.

[Cobra]

MA200 as resistance.

[Cobra]

plus volume surge, so could be a pullback of some kind here, then we'll see, the bias now shifts to bull.

[seekingknowledge]

MA200 as resistance.

Love your updates, Cobra! I consistently look for them. Bears still have hope, yes?

[seekingknowledge]

MA200 as resistance.

Love your updates, Cobra! I consistently look for them. Bears still have hope, yes?

Ignore my email, Cobra. It was posted after your last chart.

[zhyuan04]

MA200 as resistance.

Hi Cobra. It seems bulls just can tackle every resistance or reverse every bear pattern. Are you still bearish biased now?

[99er]

SPX
http://99ercharts.blogspot.com/2011/11/spx_8702.html

Patience pays.

Always.

[MrMiyagi]

Yesterday I said 1300 region was in play, I still see it, bull is quite strong even though I don't see where this optimism comes from. I think it is more governments pumping money into markets than mom&pop sinking their life savings.

[ActiveTrader]

ri-fucking-diculous.

bearish flag...breaks to the upside of course. cuz that makes sense.

done for the day.

have a good one fellas.

*&###@@!!! Those are all very bad swear words, just not spelled out. I echo your sentiment 100% jarbo456. Da boys are mean sons of a gun. Note: Replace sons of a gun with very bad words. I am now in the red from what should have been a perfect trade. *&##@@@!

That was a perfect short setup, it just got busted by the buy robots. Ah, you gotta love those bots. Not!!!!!!!!!!! Now we are in whipsawville, fun!!!!!!!!

[trader0303]

MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

[ramram]

Still bearish -- did not break flag channel.

[tdo722]

MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

cobra looking at ema

[trader0303]

MA200 as resistance.

Cobra, unless my system is screw, isnt the SPY MA200 at 127.48? I'm looking at Daily Chart -- simple moving average 200.

cobra looking at ema

Okay thanks

[ActiveTrader]

plus volume surge, so could be a pullback of some kind here, then we'll see, the bias now shifts to bull.

A pullback to 1243 on ES would make an objective long intraday trade.