11/10/2011 Intraday Watering

[stucap]

I've been watching the EUR/USD all day as compared to the ES....

It led the way down from open even though the ES tried to pop.....ES followed soon after

It made a bottom but, the emotional ES traders needed to sell some more so it took a little longer...

Right now, EUR/USD has had its bounce and appears to be headed back down.

I expect the ES to follow shortly...

I would very much like to see us at least test the overnight low during market hours....really annoys me when that doesn't happen on highs or lows...

Yeah that worked until out of nowhere they jammed up the euro....

[Al_Dente]

SPY being rejected hard by the 123.85 pivot. reversal of a reversal candlestick on the shorter time frames (I watch 3 minute, confirm with 5 minute).

jarbie, u using free pivots !!! now add indicator VWAP she's a lovely

yeah, VWAP is acting as a magnet. i'm bearish overall, but this market feels like it wants to move higher.

Now on spy >add indicator >volatility pivot then >vstop > edit then tinker with true range period and true range multiplier and FORCE it to give u EXACTLY the green and red dots u need.

[alvian33]

who resigned today?

[jarbo456]

market flying off the handle...did Sarkozy just quit or something?

[Dow Trader]

[Cobra]

no clue about the market. according to my setup, it should be a short but the setup missed 1 cent to be qualified, so no idea.

Hi Cobra,

What would be the position size for the TZA position if it's triggered, $4000 for the portfolio account?

for now: it's your ( risk amount / ( entry price - roughly 26.87 ) )

[Cobra]

volume surge, so might see a pullback here then we'll see. so far the rebound is strong, so maybe more up.

[soku]

When the mkt starts the up cycle again watch MAKO..It has broken the channel line and is now one of my better picks for an up move swing trade.I belive the first couple of days of the up move will very,very good.To get in you will have to be quick.This will be a several point gain.Watch,wait and see.Soku are you there.

thanks man. i will wait to monday

[Dow Trader]

Another view .. after a more than 4% decline, it is not easy to break this line but who knows

[Al_Dente]

Internals
Note udn going nuts
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

PS: hi wavy, now I have 2 free “friends”

[quatzl]

SPY being rejected hard by the 123.85 pivot. reversal of a reversal candlestick on the shorter time frames (I watch 3 minute, confirm with 5 minute).

jarbie, u using free pivots !!! now add indicator VWAP she's a lovely

yeah, VWAP is acting as a magnet. i'm bearish overall, but this market feels like it wants to move higher.

Now on spy >add indicator >volatility pivot then >vstop > edit then tinker with true range period and true range multiplier and FORCE it to give u EXACTLY the green and red dots u need.

I also use that indicator. If I might ask, what values are you using for it? Thanks.

[Al_Dente]

PAGING 99er
http://www.youtube.com/watch?v=eaIBJvhA ... re=related

[barbaragull]

who resigned today?

Well, it goes like this:
(1) Greek PM resigns, rally
(2) Italian PM resigns, rally
(3) Candidate named for Greek PM, rally
(4) Candidate named for Italian PM, rally
(5) Greek new PM confirmed, rally
(6) Italian new PM confrmed, rally
(7) Greek new PM gives message about new policy, rally
(8) Italian new PM gives message about new policy, rally

[fehro]

resistance seems to be holding until it doesn't... triangle target 1215ish... if it plays out.

[Al_Dente]

Ok, so here we are today for France and Italy 10Y.
Important to undestand is the nominal rate, not really the % change of the day.
Today, France 10Y is up 8%, but the borrowing cost is 3.47% so not (yet) a big deal...
Italy 10Y is down 5% today (thanks to ECB) but still really high (6.90%)... For information purpose, Portugal and Ireland were forced to call for bailout when rates remain above 7%...

Hi champix
Could u give me yr direct link to Bloomberg France 10yr, thanks very much in advance
(appreciate your european views)

[soku]

wow this is interesting. sp sent a downgrade notice then recalled? and the winner of the turnaround is ...

http://www.zerohedge.com/news/sp-explai ... rrated-aaa

i smell fishy.

[alphahorn]

getting close

[alvian33]

who resigned today?

Well, it goes like this:
(1) Greek PM resigns, rally
(2) Italian PM resigns, rally
(3) Candidate named for Greek PM, rally
(4) Candidate named for Italian PM, rally
(5) Greek new PM confirmed, rally
(6) Italian new PM confrmed, rally
(7) Greek new PM gives message about new policy, rally
(8) Italian new PM gives message about new policy, rally

hahaha, we need to include republican debates here as well, rally on debate, and rally on rainy/sunny/snowy days!!

[Dow Trader]

Some basic chart rules

[champix]

Ok, so here we are today for France and Italy 10Y.
Important to undestand is the nominal rate, not really the % change of the day.
Today, France 10Y is up 8%, but the borrowing cost is 3.47% so not (yet) a big deal...
Italy 10Y is down 5% today (thanks to ECB) but still really high (6.90%)... For information purpose, Portugal and Ireland were forced to call for bailout when rates remain above 7%...

Hi champix
Could u give me yr direct link to Bloomberg France 10yr, thanks very much in advance
(appreciate your european views)

The 10Y I am looking (bad boys):
FRANCE :
http://www.bloomberg.com/apps/quote?ticker=GFRN10:IND
SPAIN :
http://www.bloomberg.com/apps/quote?ticker=GSPG10YR:IND
ITALY :
http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
BELGIUM :
http://www.bloomberg.com/apps/quote?ticker=GBGB10YR:IND
The other ones (Gentle boys)
GERMANY :
http://www.bloomberg.com/apps/quote?ticker=GDBR10:IND
NETHERLANDS :
http://www.bloomberg.com/apps/quote?ticker=GNTH10YR:IND