04/04/2011 Intraday Watering

[Cobra]

Small gap up within the Friday's range so the gap should be filled and the day likely be a range day. As mentioned in the weekend report, I expect the Friday's high to be revisited today and if the high is decisively broken, then bulls are invincible otherwise there's chance that we may see a 2 legged pullback.

I have to drive my father to see doctor, so I'll stop watering around 10:30am ET and be back, I don't konw, 1:00pm ET?

[q2model]

Small gap up within the Friday's range so the gap should be filled and the day likely be a range day. As mentioned in the weekend report, I expect the Friday's high to be revisited today and if the high is decisively broken, then bulls are invincible otherwise there's chance that we may see a 2 legged pullback.

I have to drive my father to see doctor, so I'll stop watering around 10:30am ET and be back, I don't konw, 1:00pm ET?

You are a such good son!

[chickencoop]

good morning! best wishes to the hospital trip.

[Cobra]

AUDJPY had a incredible run but now should due for a rest so the market may take a breath as well. That's my guess.

[amalgamator]

Morning all, been busy making this, some stat/patt for the longer term.

[Tabby]

I hope that nothing serious. You mentioned on friday that you were taking him to Dr. My prayer with him. Thanks taking the time from your busy life to update.

[99er]

Morning.
/ES update: http://99ercharts.blogspot.com/2011/04/es_04.html
Good luck.

[99er]

EURUSD
Double Top?
http://99ercharts.blogspot.com/2011/04/eurusd_04.html

[Cobra]

I hope that nothing serious. You mentioned on friday that you were taking him to Dr. My prayer with him. Thanks taking the time from your busy life to update.

Thanks, nothing serious. It's just diabetes. Needs to see doctor regularly,

[uempel]

My chart for the first hour:

[Cobra]

The open.

[maldini]

Bless your dad!
take care!!

[cletus]

Most important thing I'm watching today is that the S&P make new highs and the Dow & S&P do not close at new highs. This would be double confirmation of failure of both indexes to hold new highs at the close, could be bearish if it materializes. The Dow failed to close at new highs last week.

[uempel]

[quote="amalgamator"]Morning all, been busy making this, some stat/patt for the longer term.

Very long term momentum is also pointing upwards (which doesn't mean that market can't correct 10 or 20%).

[FJoe]

From the closing low on 3/16 to to the close on 4/1, AFTER the 9:30 EST open...the S&P futures have tacked on a whopping 4 points...meaning 73 of the 77 points gained have been made in the overnight session.

I have no idea, but that doesn't seem healthy.

[FJoe]

Also, the $DJT (Transports) have been the leader in this rally and are lagging all the indices today.

[Cobra]

From the closing low on 3/16 to to the close on 4/1, AFTER the 9:30 EST open...the S&P futures have tacked on a whopping 4 points...meaning 73 of the 77 points gained have been made in the overnight session.

I have no idea, but that doesn't seem healthy.

It's been like this for long long time. This market is not for guys who think much. All you need are imagination and believe "YES WE CAN".

[cletus]

VIX moving higher here, watching for the first "yellow bar" (declining volume > advancing volume) to indicate that a major pullback is in progress, none yet

[uempel]

This is a close-up of the chart I posted at the opening, MA 33 and Fib Fans give good signals:

Why MA 33 on the hourly? Because the trading week has 32.5 hours. Works just fine (as you can see), for the 30 minute chart use 65, for the 10 minute use 195...

[Cobra]

Judging by pink and green, bears have edges today but I dare not to say this anymore because for so many times the 10:30 weakness was being bought. Let's see.