01/10/2012 Intraday Watering

[Al_Dente]

15 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =252304559

http://www.youtube.com/watch?v=6lFxGBB4UGU

[jarbo456]

speaking too soon, but looks like a possible small descending triangl'ish pattern.

[lqiantobe]

Corba~ can you please take a look at DNDN chart, is it normal pull back and safe to hold for a while?

[uempel]

Some charts don't need comments

[BullBear52x]

If this is healthy run up then I'll waste my time shorting these candles.

[SB73]

Short it and with stop-loss.

Boy it sure is tempting to short here...the bulls look tired, but the bears seem disinterested. NFP red is a turn indicator right? Maybe so, but price is reflecting it yet.

Break below LOD and I will assume we get the gap fill. I can't see another black candle, this one will either be white or red.

[HappyFriday]

Oh my God !
"Headline news said » Orange-juice futures trade at highest level since 1977"

[CMT]

Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.

[Me XMan]

Good eye!

speaking too soon, but looks like a possible small descending triangl'ish pattern.

[99er]

Update

BKX http://99ercharts.blogspot.com/2012/01/bkx_10.html

Exhaustion bar.

[SigmaEcho]

hmm, DAX chart looks pretty good, should be more on the upside. This means no hurry to call SPX top here.

Cobra,

isnt DAX just catching up, before they all drop? DAx well below October high, where SPX broke it.

How about AEX?

thanks

[Al_Dente]

60 min, two months
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
(please ignore histograms, just testing)

[BullBear52x]

Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.

I only hope for a little pull back, so, Prechter think this is a start of a W3 down? I will see how mid BB support react after a pull back.

[99er]

So honey...what's for lunch?

SPX http://99ercharts.blogspot.com/2012/01/spx_6255.html

Mountain oysters.

[Cobra]

Corba~ can you please take a look at DNDN chart, is it normal pull back and safe to hold for a while?

looks normal.

[Cobra]

hmm, DAX chart looks pretty good, should be more on the upside. This means no hurry to call SPX top here.

Cobra,

isnt DAX just catching up, before they all drop? DAx well below October high, where SPX broke it.

How about AEX?

thanks

AEX looks similar to SPX, so if indeed SPX is topped around here, AEX would follow.

I didn't mean DAX will up huge, it's catching up, I just mean the chart says it should be up more.

[lcgllc]

Descending triangle on 5min SPY?

[CMT]

Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.

I only hope for a little pull back, so, Prechter think this is a start of a W3 down? I will see how mid BB support react after a pull back.

He does, but I've been stopped out on Minor 2 up twice now so I'll wait and stop front running for now as 3 down will have plenty to spare for a late entry!

[BullBear52x]

Descending triangle on 5min SPY?

Could be but a trade above 200ma on 1min I will look aat it as a bull flag.

[waverider]

Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.

LOL, Pretcher...